Housing Wire

AUGUST 18, 2021

The previous economic expansion from 2008 to 2019 had the weakest housing recovery ever following the bust. If you ignore that big move in the second half of 2020, you can see that we currently do not have a credit boom, but rather solid demand from replacement buyers. The post Why aren’t builders creating more housing inventory?

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Housing Wire

OCTOBER 8, 2021

That means Americans are more bearish on buying a home than they were during the home price crash following the 2008 recession. Renovated Inventory to the Rescue. Top Markets for Renovated Inventory. Auction.com buyer Steve Johnson purchases and renovates distressed homes in Georgia and Tennessee. Among 75 U.S.

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Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The fear of not having an increase in inventory this spring should be put to rest. Since 2020, the seasonal inventory bump has happened later than usual — not until March or April.

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Housing Wire

MAY 7, 2023

Just when I thought it was safe to say we were getting more traditional spring housing inventory , we hit a snag last week, as active inventory and new listings declined. Weekly housing inventory The numbers this week are unfortunate: inventory should be growing like it does at this time every year.

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Housing Wire

APRIL 2, 2021

There is a desperate lack of inventory in the housing market right now, which is driving up home prices at an unsustainably rapid pace, MBA’s senior vice president and chief economist Mike Fratantoni noted. March signified the highest number of residential construction workers since 2008. Presented by: CreditXpert.

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Housing Wire

JANUARY 16, 2023

Housing inventory increased by 1,339 homes nationwide. The weekly inventory data, which had fallen faster than I had anticipated the last few weeks, has now seen a slight uptick. As you can see below, the waterfall dive in existing home sales has taken us toward the level of 2007-2008 monthly home sales. million.

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Housing Wire

JULY 7, 2022

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. Inventory rising, historically low.

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Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I We are seeing a healthy increase in inventory, which we really needed.” Smith attributes the uptick in inventory to a bump in new listings.

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Housing Wire

FEBRUARY 8, 2024

Real estate professionals throughout the state attribute the resilience of the state’s housing market to its perpetually low inventory problem. Inventory is almost nonexistent,” said Melissa Kingsbury , a Redfin agent who works in the southwest suburbs of Chicago. “If As of Feb. Across the state, as of Feb. year over year to $122,900.

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Housing Wire

MARCH 26, 2023

These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. Active inventory fell 1,109, and new listing data made a lovely comeback week to week but was still noticeably down year over year. In a regular market, they would be closer to 5.25%.

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Housing Wire

AUGUST 22, 2023

The housing market continues to cool amid high mortgage rates , low inventory and rising property insurance rates. Elevated mortgage rates and low inventory As of August 17, mortgage rates surpassed 7% as U.S. bond yields hit their highest level since 2008. The National Association of Realtors (NAR) suggested a 2.2%

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Housing Wire

MAY 3, 2024

As the spring selling season kicks off, many educated sellers know that buyers are experiencing spring fever and are tired of sitting on the fence watching home prices increase. Serious buyers showed discernment as they know inventory is growing. Serious buyers showed discernment as they know inventory is growing.

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Housing Wire

JULY 21, 2022

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The downshift in buyer behavior at the foreclosure auction came two months before the downshift showed up in retail housing market data. That was up from 40% a year ago.

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Housing Wire

SEPTEMBER 8, 2022

People’s first reaction was to wonder if this was 2008 all over again. Well, it isn’t 2008, but this type of loan does have risk — and it’s the risk that is traditional among all late economic cycle lending in America when the loan requires low or no downpayment. That is what has happened here in the U.S.

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Housing Wire

DECEMBER 21, 2022

In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! Plus, available housing inventory remains near historic lows.” ” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well.

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Housing Wire

SEPTEMBER 28, 2020

million housing starts, not anytime from 2008-2019. The monthly supply of new homes was mostly higher every month in the previous expansion (2008-2019) than any period from 1996-2005. Except this time around, we do not have speculation buyers and a credit bubble — just good demographics and low mortgage rates. million a year.

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Housing Wire

JANUARY 26, 2021

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., “With buyer demand continuing to outpace the previous year’s levels amid historically lowest inventory of for-sale homes, the pressure on home prices is going to fuel home price growth in the first half of 2021,” Happ said. .

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Inventory Housing Market Buyers Sellers 544

Housing Wire

JUNE 8, 2022

I have separated my work into two different time frames: 2008-2019 and 2020-2024. In the years 2008-2019 we saw the weakest housing recovery ever. 2012: What they said: Shadow inventory will cause prices to fall. The reality: Inventory broke down in 2012, and the monthly supply data got below 6.0

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Housing Wire

SEPTEMBER 13, 2022

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. Typically we have a natural set of new listings each year; inventory rises in the spring and summer and then falls in the fall and winter.

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Housing Wire

APRIL 25, 2023

You know, the one that says we have too much inventory and millions of vacant homes in the U.S.? The truth is, it’s not 2008 all over again. I understand the lure of the housing 2008 story. This is where understanding how credit channels impact housing inventory would have helped. This represents a supply of 7.6

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Housing Wire

NOVEMBER 4, 2024

Newly released data from the annual profile of home buyers and sellers by the National Association of Realtors (NAR) shows just how dramatically this trend has manifested since the financial crisis of 2008. While the median age of buyers gradually increased over the course of two decades, the COVID-19 pandemic sped it up.

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Housing Wire

OCTOBER 20, 2023

buyer hovers around $2,866, an all-time high according to Redfin. Of course, high mortgage rates and home prices don’t harm all-cash buyers and move-up buyers as greatly. In Newark, buyers need $160,000. Inventory remains one of the driving forces in this difficult housing market. higher than in September 2022.

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Housing Wire

OCTOBER 3, 2022

The housing market has not seen such a significant two-month drop in prices since shortly after the collapse of Lehman Brothers in winter of 2008, Black Knight said on Monday. “Historically low inventory – along with record low interest rates – was one of the key drivers behind U.S. months of for-sale inventory to 3.1

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Housing Wire

APRIL 14, 2023

The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market. Since October of 2022, the share of buyers who are purchasing their home without a mortgage has been more than one quarter of the market. One such measure is who is entering the market.

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Housing Wire

NOVEMBER 11, 2022

“For most parts of the country, home prices are holding steady since available inventory is extremely low,” Yun said. While the unprecedented uptick in mortgage rates led to a lack of demand from buyers, it has also acted as a deterrent for homeowners, who are hesitant to list their homes for sale in a tough market.

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Inventory Housing Market Realtors Mortgage 508

Housing Wire

MAY 19, 2022

This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. We were told that population growth is slowing, we were told that Americans would panic sell and that massive inventory would hit the marketplace once rates got to 4%. Wait, what? I use the 1.52-1.93

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Housing Market Marketing Inventory Realtors 528

Housing Wire

OCTOBER 15, 2024

Buyers are reluctant to buy. Inventory declined Overall inventory of unsold single family homes on the market declined this week to 732,000 homes. Last year, inventory was rising by almost 2% per week in the middle of October as homebuyer demand deteriorated. The inventory trends are very different compared to a year ago.

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Inventory New Listings Sellers Marketing 505

Housing Wire

MAY 18, 2023

If we had a massive credit boom-to-bust, inventory would have skyrocketed in 2022. NAR Total Inventory Data going back to 1982. housing market inventory channels have changed due to how the U.S. This is not, nor can it ever be, like 2008. If it was like 2008, you’re about four to six years too early in 2023.

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Housing Wire

JULY 20, 2022

But, there is one bright spot — inventory is rising. This has been a concern of mine after the summer of 2020 as inventory levels were breaking all-time lows, facilitating unhealthy home price growth during a more prominent demographic patch in U.S. The one positive: Inventory is rising. Once total inventory levels reach 1.52-1.93

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Inventory Housing Market Marketing Realtors 518

Housing Wire

NOVEMBER 22, 2021

Not bad considering the low inventory and all that unhealthy home price growth we have seen since the start of 2020. Then when you add move-up, move-down, cash, and investor buyers together, we should be able to always have total home sales — both new and existing — at 6.2 This is something that couldn’t happen in the years 2008-2019.

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Inventory Housing Market Investors Buyers 539

Housing Wire

JUNE 22, 2023

I first used the term savagely unhealthy in March of 2022 because we had solid demand while inventory was at all-time lows. Credit channels and inventory channels both changed after 2010 because of the qualified mortgage laws and the 2005 bankruptcy reform laws. From NAR: Total housing inventory registered at the end of May was 1.08

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Housing Wire

DECEMBER 7, 2020

For now, though, the low inventory means housing starts have legs to move higher. Existing home inventory is also at all-time lows. Existing home inventory is also at all-time lows. Unsold inventory sits at an all-time-low 2.5-month Keep this rule of thumb in mind for the future, below 4.3 Existing Home Supply.

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Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. The years 2020-2024 were always going to be different from 2008-2019. Inventory velocity. April 10, 2020: We needed a lot of inventory, fast. April 2022: Inventory has not recovered. Can this last?

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Housing Wire

JUNE 28, 2022

Even today, the MBA purchase application index is below 2008 levels. The housing market can’t replicate the type of massive credit expansion we saw from 2002-2005, so the price-growth story has more to do with inventory collapsing to all-time lows. This is because the biggest buyers of homes are mortgage buyers.

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Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. Housing inventory issue with no booming demand. Case in point, purchase application data is already below 2008 levels today. million listings.

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Housing Wire

FEBRUARY 24, 2023

They don’t ever have to have the conversation about how low their total payment is in the new home they’re buying, unlike some of their buyers (which explains higher cancellation rates). Homebuilders’ for-sale inventory and months’ supply The seasonally-adjusted estimate of new houses for sale at the end of January was 439,000.

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Housing Wire

SEPTEMBER 26, 2023

Today’s housing market is very different from the one that led up to the 2008 financial crisis and ultimately a 20 to 40% home price correction. Inventory is still very low by historic standards and buyers who are able to handle higher mortgage rates are still finding the market very competitive.

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