Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. That’s not the case now because we have’t had a credit boom post-2010 as we did from 2002 to 2005. How can housing inventory be so low today when it skyrocketed back in 2009? I don’t believe housing inventory below 1.52 What is going on here? housing market.

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Housing Wire

DECEMBER 8, 2021

2 million , we could be at risk of housing inventory falling to such low levels that I would have to categorize this housing market as unhealthy. We can see that inventory falling to such low levels has created unhealthy home-price growth in both 2020 and 2021. Inventory fades in the fall and winter and picks up in summer and spring.

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Housing Wire

MARCH 16, 2024

Weekly housing inventory data The one positive story for me in housing this year is that inventory is growing year over year for both active inventory and new listing data. The one benefit of higher rates is that inventory can grow in the post-2010 qualified mortgage world as long as higher rates create softness in demand.

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Housing Wire

OCTOBER 26, 2023

Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated.” Because of homebuilders’ ability to create more inventory, new-home sales could be higher this year despite increasing mortgage rates. They dropped below 4 million for the first time since October 2010, she added.

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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.” Since the credit standards have improved post-2010, we shouldn’t see distressed sellers until a job loss recession happens, even if sales fall noticeably.

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Housing Wire

DECEMBER 28, 2022

Home Prices will fall, but don’t expect 2010. There will be two key differences between 2023 and 2010. The last time we saw prices decline, the combination of declining prices and bad mortgages forced inventory onto the market. Since the beginning of 2020, inventory levels have been historically low. months nationally.

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Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. Of course this isn’t the healthiest housing inventory story. from the previous year ($375,300). All four U.S.

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Housing Wire

NOVEMBER 30, 2023

Historically high rates harmed the housing market in October Annualized existing home sales remained below 4 million in October, the lowest rate since 2010. Existing-home sales and housing inventory will increase next year, and home prices will remain stable, said Lisa Sturtevant, the MLS’s chief economist. New home sales fell 5.6%

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Housing Wire

MARCH 21, 2023

We simply don’t have enough products for homebuyers, creating forced bidding in a low-inventory environment. Look at the Inventory data below. From NAR: Total housing inventory registered at the end of February was 980,000 units, identical to January & up 15.3% Unsold inventory sits at a 2.6-month

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Housing Wire

JUNE 21, 2022

Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened. Inventory skyrocketing back toward historical norms of 2 million to 2.5 Unsold inventory sits at a 2.6-month

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Housing Wire

FEBRUARY 18, 2022

Compare that to the 2010 demographic chart below, when that blue bump was still too young to kick in. One of the reasons I keep saying this is the unhealthiest housing market post-2010 is that home-price growth is entering year three of my five-year housing demographic patch timeframe with harmful home-price growth.

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Housing Wire

OCTOBER 31, 2022

One of the unsung heroes of the most prolonged economic and job expansion ever recorded in history was the passing of the 2005 Bankruptcy Reform Act and the 2010 qualified mortgage rule under Dodd-Frank. As we can see above, none of this happened in the expansion from 2010 to 2020, as credit standards were much better.

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Housing Wire

NOVEMBER 22, 2023

The number of home sales in 2023 will likely be at its lowest level since 2010, and while sales activity will pick up in 2024, transactions will still be below average. At a national level, if there are price drops, they will be modest and short-lived simply because inventory will still be very low by historic standards.

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Housing Wire

MARCH 9, 2022

From 2010 to 2020, middle-income households gained $2.1 NAR’s Housing Wealth Gains for the Rising Middle-Class Markets study examined the distribution of housing wealth between 2010 and 2020 across income groups in 917 metropolitan and micropolitan areas. in 2010. .” in 2010 to 29.8% In 2020, just 27.7%

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Housing Wire

JANUARY 31, 2024

Even during the downturn of 2006-2010, this factor only hit a low of 3.84% (2010). Will that desire overcome the higher interest rate environment, higher home prices and the scarcity of inventory to move the level of homebuying back to historical averages? The factor for 2023 was 3.58%.

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Housing Wire

NOVEMBER 22, 2023

“In recent weeks, rates have dropped by half a percent, but potential homebuyers continue to hold out for lower rates and more inventory,” Sam Khater, Freddie Mac’s chief economist, said in a statement. This dynamic is reflected in the latest data showing that existing home sales have fallen to a thirteen-year low.”

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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. Unsold inventory sits at a 3.0-month million units, up 3.8%

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Housing Wire

DECEMBER 29, 2022

This now goes into a subject matter that is a striking difference between 2022 versus 2008: Inventory and Credit. Housing inventory. Total housing inventory today — using the NAR data — stands at 1.14 With three refinancing waves since 2010, their housing debt cost versus their total wages fell. million in 2005.

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Housing Wire

JUNE 8, 2022

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 The “shadow inventory” was not an issue as it took years to get rid of the distressed supply from the housing bubble years. million of inventory is normal.

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Housing Wire

NOVEMBER 21, 2023

Elevated mortgage rates and high home prices pushed sales of existing homes down again in October to the lowest monthly pace since August 2010. On the bright side, housing inventory rose 1.8% On the bright side, housing inventory rose 1.8% lower than October 2022 when inventory was at 1.22 from September, with 1.15

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Housing Wire

MARCH 23, 2022

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. We cannot have a credit boom because speculation debt has been taken off-grid post-2010 with credit. 2014 was the last year total inventory rose from weakness in demand.

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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. national home price decline.

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Housing Wire

APRIL 23, 2024

More on that topic and why existing home prices are still up here. Now, the builders can mitigate the damage of higher mortgage rates and prevent home sales from dropping to the lowest level of sales ever (which was in 2010 at 305,000.) Yes, you read correctly — we have 89,000 completed new homes for sale!

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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. The last time we had a stressed seller market was when national home prices crashed in 2008-2011 and even with more inventory , we’re nowhere close to those levels.

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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 Wire

NOVEMBER 4, 2022

Housing affordability and limited inventory impacted the buying power of all buyers, however, the greatest impact was felt by Black and Asian Americans, as both groups saw a shrinking share of home buyers,” Jessica Lautz, NAR’s vice president of demographics and behavioral insights, said in a statement. .” million in 2010.

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Housing Wire

MARCH 10, 2022

On top of all that, since inventory is at all-time lows, it’s been harder and harder for first-time homebuyers to win some bids because they don’t have more money to bring into the bidding process. However, let’s be realistic here: housing inventory has been falling since 2014 and 2022 isn’t looking any better.

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Housing Wire

SEPTEMBER 8, 2022

This can lead to home prices getting out of control , especially when total inventory gets to all-time lows. The National Association of Realtors’ total Inventory data shows that historically we have between 2 to 2.5 million homes for sale, but in 2022 we got as low as 870,000 in total inventory.

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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. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5

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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. Inventory velocity. April 10, 2020: We needed a lot of inventory, fast. The velocity of inventory rising in the next three months is limited. April 2022: Inventory has not recovered. Can this last?

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Housing Wire

NOVEMBER 8, 2023

The answer is no, and for that, we must thank the 2010 qualified mortgage (QM) rule, which has high standards for borrower credit scores and the ability to repay the loan. As we can see in the chart below, 2005-2008 was awful, but from 2010-2023, the credit data looks awesome compared to the housing bubble crash years.

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Housing Wire

JANUARY 15, 2025

The study notes that from 1976 to 1990, the national birthrate increased by 32%, which eventually led to an influx of young adults moving into cities by 2010. USC researchers offered two key solutions to address the growing inventory shortage.

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Housing Wire

JANUARY 21, 2021

million average growth from 2010 through 2020, UI projects 8.5 In today’s low-inventory environment, complicated by external factors such as forbearance and foreclosure moratoriums, it’s crucial for real estate agents and brokers to be proactive in order to grow their business. million in growth from 2020 through 2030 and 7.6

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Housing Wire

APRIL 14, 2023

Homebuyers placed competitive offers on homes while inventory grew increasingly difficult to find. At that time, housing inventory dropped to historic lows making the environment ripe for investors. Notably, during the timeframe of the First-time Home Buyer Tax Credit, there was significantly more inventory than seen today.

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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. My single biggest concern for the years 2020-2024 was that home-price growth could overheat and we have seen that take place, which is why I keep on saying this is the most unhealthy housing market post-2010.

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Inventory Investors Housing Market Buyers 539

Housing Wire

APRIL 20, 2022

However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. However, post-2010, we have had times when housing demand has gotten softer with higher mortgage rates. 2014 was the last year total inventory grew.

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Appraisal Buzz

JUNE 21, 2021

In 2010 it was viewed as a quick way to make a buck, but Wall Street’s investment in single-family rental housing soon became a distinct asset class and the pandemic has encouraged its expansion.

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