Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. Total housing inventory fell in this report, the third report in a row that shows total inventory has decreased.

Inventory 493

Inventory Marketing Housing Market New Listings 493

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.

Inventory 525

Inventory Housing Market Marketing New Listings 525

Housing Wire

MARCH 29, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

Inventory 435

Inventory Housing Market Marketing Modernization 435

Housing Wire

FEBRUARY 8, 2024

Altos considers anything above 30 to be indicative of a seller’s market. Real estate professionals throughout the state attribute the resilience of the state’s housing market to its perpetually low inventory problem. Like the Chicago suburbs, Peoria’s desirability has put a strain on the city’s already tight housing inventory. “We

Inventory 468

Inventory Agents Housing Market Luxury Properties 468

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. It is very busy. Literally since Jan.

Insurance 448

Insurance Inventory Marketing Real Estate 448

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.

Inventory 531

Inventory New Listings Housing Market Sellers 531

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.

Mortgage 525

Mortgage Inventory New Listings Sellers 525

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. To that I say, timing is everything in real estate. With only 1.3

Inventory 451

Inventory Lending Inspection Real Estate 451

Housing Wire

DECEMBER 7, 2022

These were forced credit sellers, which means these sellers don’t sell to buy a home like a traditional seller does. Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. Total inventory levels. NAR: Total Inventory levels 1.22

Housing Market 544

Housing Market Mortgage Marketing Inventory 544

Housing Wire

OCTOBER 15, 2024

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. Here’s this week’s data.

Inventory 505

Inventory New Listings Sellers Marketing 505

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. .

Inventory 544

Inventory Housing Market Buyers Sellers 544

Housing Wire

JUNE 29, 2024

Housing inventory is growing, but national home prices aren’t dropping dramatically, as the recent S&P CoreLogic Case Shiller index clearly showed. Today, we will examine new listing data more extensively to provide a clear example of a stressed seller market and compare that to where we are today.

New Listings 415

New Listings Inventory Contracts Sellers 415

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.

Inventory 501

Inventory Housing Market Construction Marketing 501

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

Inventory 529

Inventory Home Value Housing Market Mortgage 529

Housing Wire

JUNE 10, 2022

His recent article, “Purchase apps are at 2009 level: where’s the inventory?” takes a deep dive into what the heck is going on with purchase applications, housing demand and inventory levels. This article, for example, asks why, if purchase applications are down to 2009 levels, are inventory levels still so freaking low?

Sellers 397

Sellers Housing Market Inventory Buyers 397

Housing Wire

FEBRUARY 24, 2023

I wouldn’t read too much into the fact that this new home sales report beat estimates, but I would say that in the future, if mortgage rates get back toward 6%, the homebuilders have creative ways to sell their homes that the existing home seller might not be inclined to do. However, this isn’t how inventory grows in America.

Inventory 501

Inventory Construction Housing Market Mortgage 501

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. Elevated mortgage rates, sky-high home prices, tight credit and stagnant wages have all contributed to homebuyers getting older.

Real Estate Agent 345

Real Estate Agent Buyers Sellers Realtors 345

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

Inventory 518

Inventory Housing Market Marketing Realtors 518

Housing Wire

FEBRUARY 16, 2023

There is one simple reason for this: it’s not 2008. However, the glaring difference today versus the recession of 2008, is that in 2007 the builders had to deal with over 4 million active listings as competition for their pricey new homes. Buyers have fewer choices than normal in the past eight years — but in reality, since 1982.

Construction 526

Construction Housing Market Inventory Mortgage 526

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.

Inventory 397

Inventory New Listings Law Housing Market 397

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. Homebuyers placed competitive offers on homes while inventory grew increasingly difficult to find. In March of 2022, sellers received an average of 5.5 Today, the average is 2.7

Realtors 459

Realtors Buyers Inventory Investors 459

Housing Wire

MAY 14, 2023

Yes, we found the seasonal bottom for housing inventory on April 14, but this year’s rise in active listings has been tepid at best. Weekly housing inventory Well, the best thing I can say for spring 2023 inventory is that we found the seasonal bottom a few weeks ago. This link explains the difference.

Housing Market 488

Housing Market Marketing Inventory New Listings 488

Housing Wire

JANUARY 5, 2024

As a real estate agent , it’s essential to stay aware of significant changes in interest rates and how they may affect market conditions so you’re better equipped to advise your buyers and sellers on everything from housing affordability to availability. Back then, the FOMC lowered the rate to near zero, where it remained for several years.

Real Estate 468

Real Estate Agents Marketing Sellers 468

Housing Wire

MARCH 23, 2022

For 2020-2024, I set some critical parameters for sales and price growth, knowing that this marketplace will be different from the market we had from 2008 to 2019. Second, because of the downtrend in inventory since 2014 and the demand pick-up we will see in the years 2020-2024, we had a risk of home prices accelerating too much.

Mortgage 505

Mortgage Inventory Housing Market Construction 505

Appraisal Buzz

SEPTEMBER 25, 2024

In fact, the last time the FOMC cut rates by half a point was during the 2008 global financial crisis. The Fed’s initial cut is likely to bring more buyers and sellers to market, potentially opening the inventory floodgates and momentum for price competition.

Mortgage 393

Mortgage Loan Officers Technology Contracts 393

Housing Wire

SEPTEMBER 19, 2023

Meanwhile, the available inventory of unsold homes is growing. This week, inventory grew faster than it did last year at this time. This week was the biggest week of inventory increase all year, with inventory growing by over 9,000 single-family homes. Last year, inventory climbed dramatically for months.

Housing Market 476

Housing Market Marketing Inventory New Listings 476

Housing Wire

JULY 13, 2022

Looking at the housing market in the years 2020-2024, one risk i identified early on was that home prices could accelerate more in this period than we saw in the previous expansion if inventory channels broke to all-time lows. Back then, we had higher sales, higher inventory, and less price growth, but we had a massive credit bubble.

Inventory 540

Inventory Housing Market Mortgage Construction 540

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Housing Inventory. Home price s. million in 2023.

Housing Market 543

Housing Market Marketing Inventory New Listings 543

Housing Wire

JANUARY 19, 2024

It happened in 2008 and then didn’t happen again until 2023. Remember, with median sales prices and inventory, it’s very seasonal. However, remember, the dive in inventory is normal at this time of the year. This is a positive for housing in 2024 as most sellers are buyers.

Housing Market 493

Housing Market Inventory Contracts Marketing 493

Housing Wire

OCTOBER 12, 2022

Given the ongoing tension between potential homebuyers and home-sellers at the moment, we believe the pace of sales is likely to slow even further, too,” he added. annualized in the third quarter of 2022 due to strong net export and inventory investment activity, before contracting 0.7% annualized in the fourth quarter.

Contracts 448

Contracts Modernization Housing Market Mortgage 448

Housing Wire

DECEMBER 20, 2023

The marketplace data told us we had no stressed sellers in 2023. NAR: Total housing inventory at the end of November was 1.13 Unsold inventory sits at a 3.5-month For all the people screaming it’s housing 2008: Remember, we had 4 million active listings in 2007, and the annual monthly supply was 10.8 months in 2008.

Housing Market 482

Housing Market Marketing Inventory Realtors 482

Housing Wire

MAY 2, 2023

And there’s another thing that separates the housing market from other markets — the buyer is often also the seller. In most markets, the seller, or supplier, makes their decision about adding supply to the market independent of the buyer, or source of demand, and their decision to buy. years in March 2023, according to recent data.

Housing Market 418

Housing Market Marketing Sellers Inventory 418

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. The reality is that home sellers and builders had too much pricing power.

Housing Market 482

Housing Market Marketing Inventory Investors 482

Housing Wire

DECEMBER 22, 2021

million , so every single existing home sales print in 2021 has been higher than what we closed in 2020 — which was higher than any single year from 2008 to 2019. For every positive, we do have a negative, and as we can see, the housing world is just different in the years 2020-2021 than what we saw from 2008-2019 regarding home prices.

Inventory 516

Inventory Housing Market Investors Marketing 516

Housing Wire

JUNE 27, 2023

They’re effective sellers and don’t want to create a backlog of completed units for sale because that would ruin their business model. The builders have managed their backlog nicely to ensure this data line doesn’t explode higher on them like we saw in 2008. Now on to the report. This represents a supply of 6.7

Construction 516

Construction Inventory Marketing Buyers 516

Appraisal Buzz

MARCH 25, 2024

from 436,807 in 2022 and the largest annual drop since 2008. Lack of inventory and ever-rising home prices are the main factors impacting the home flipping business. As that happened, the profit gap between investors and all sellers gradually widened. Home Flipping Report. were flipped in 2023 – down 29.3% in 2022 to 8.1%

Renovations 334

Renovations Investors Inventory Sellers 334

Housing Wire

SEPTEMBER 28, 2022

However, it does show that the builders are in a much better spot to deal with their massive supply, compared to the 2005-2008 period. They are good at selling their inventory much quicker than existing home sellers, who might still be stingy on prices. Of course, mortgage rates are much higher right now. months of supply, 5.36

Construction 505

Construction Sellers Inventory Housing Market 505