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. 1 through Dec.

Inventory 466

Inventory Agents Housing Market Luxury Properties 466

Housing Wire

JUNE 2, 2022

I always try to focus people on the total inventory data until we get inventory back into a range of 1.52-1.93 HousingWire: To add to that, since housing is in an inventory shortage, the market has changed, so the good news is inventory is growing. What levels should we be hoping for? Then this happened. Ghost Supply 2.2

Training 459

Training Inventory Housing Market Real Estate Agent 459

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.

Inventory 545

Inventory Construction Government Housing Market 545

Housing Wire

JANUARY 20, 2022

Right after the Great Recession, between 2009 and 2011, buyers viewed a median of 12 homes before purchasing, as inventory was plentiful. According to NAR , low inventory is partly to blame for the homebuyers looking at fewer homes than before. month’s supply of homes.

Buyers 448

Buyers Inventory Open Houses Technology 448

Housing Wire

MARCH 23, 2024

Weekly housing inventory data The best housing story for 2024 so far is that inventory is growing yearly. The growth isn’t just in active inventory but also new listings. We’re not seeing seller stress in the inventory data but just a typical increase in inventory when rates are higher, which looks perfectly normal.

Mortgage 521

Mortgage Inventory New Listings Housing Market 521

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.

New Listings 415

New Listings Inventory Contracts Sellers 415

Housing Wire

SEPTEMBER 21, 2023

The housing market continues to cool amid high mortgage rates , affordability challenges and still-low inventory. Housing inventory remains tight heading into fall Meanwhile, total housing inventory at the end of August was 1.1 In August, existing-home sales fell 0.7% from July to a seasonally adjusted annual rate of 4.04

Inventory 468

Inventory Realtors Housing Market Mortgage 468

Housing Wire

MARCH 9, 2024

If so, what will this do to inventory levels? Weekly housing inventory data The positive story for housing in 2024 has been the inventory growth we have seen year-over-year. We survived jobs week and Federal Reserve Chairman Jerome Powell talking to Congress, with mortgage rates ending the week below 7%.

Mortgage 504

Mortgage Inventory New Listings Housing Market 504

Housing Wire

OCTOBER 11, 2022

Inventory, which has been falling for years, broke to all-time lows in 2020. We didn’t have a seasonal push in inventory in 2020, and things worsened in 2021. Of course, this has brought back some inventory, as demand weakness always creates inventory through accumulation. million active listings, but at just 1.28

Sellers 514

Sellers Inventory Housing Market New Listings 514

Housing Wire

OCTOBER 17, 2022

As mortgage rates rose and housing inventory increased, home price growth decelerated in the third quarter of 2022, according to the Fannie Mae Home Price Index ( FNM-HPI ) released Monday. This is the slowest quarter of growth since Q4 2011. The FNM-HPI found that home price growth was at an annualized rate of 13.2% in Q3 2022.

Inventory 416

Inventory Buyers Mortgage Housing Market 416

Housing Wire

MAY 31, 2024

Large institutional investors typically emerged following a raft of defaults and foreclosures stemming from the 2007-08 financial crisis , putting inventory on the market from 2007-09. Studies GAO reviewed found that no investor owned 1,000 or more single-family rental homes as of late 2011,” the results said.

Investors 443

Investors Inventory Government Construction 443

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.” Housing inventory. Today, inventory is almost 900,000 active listings below the lowest level of the four-decade average between 2 million and 2.5

Inventory 531

Inventory New Listings Housing Market Sellers 531

Housing Wire

DECEMBER 7, 2022

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 million Historically inventory levels range between 2 million and 2.5 NAR: Total Inventory levels 1.22

Housing Market 544

Housing Market Mortgage Marketing Inventory 544

Housing Wire

FEBRUARY 24, 2024

Weekly housing inventory data My favorite housing data line for 2024 has been seeing the increase in inventory year over year. I firmly believe that housing inventory can grow over time when mortgage rates increase and we see weakness in demand. Here is a look at inventory last week: Weekly inventory change (Feb.

Mortgage 504

Mortgage Inventory New Listings Housing Market 504

Housing Wire

FEBRUARY 21, 2023

Affordability constraints and tight inventories will continue to limit home sales and the 10-year Treasury has moved up meaningfully since the completion of our interest rate forecast, suggesting mortgage rates will soon be back on the rise,” according to the ESR group. million, it still marks the slowest annual pace of sales since 2011.

Inventory 397

Inventory Mortgage Housing Market Contracts 397

Housing Wire

SEPTEMBER 27, 2023

It is still facing limited for-sale inventory and struggling with affordability issues. Based on the FOMC’s most recent projections, rates are expected to be higher for longer, which has driven Treasury yields to new heights. Overall applications declined. Meanwhile, refinance activity was down 1% from last week and 21% from last year.

Mortgage 465

Mortgage Contracts Inventory Marketing 465

Housing Wire

SEPTEMBER 22, 2022

Total Inventory data fell in this report from 1.31 It doesn’t even look like we will breach the lower level of my inventory wish list of 1.52 I am a big fan of inventory to 2019 levels. Even though 2019 inventory levels were historically low, they were at four-decade lows before 2020; they’re a more effective pricing market.

Inventory 482

Inventory Housing Market New Listings Mortgage 482

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

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. To give you all some perspective, this data line dropped all the way to 14 days in the crazy period of COVID-19, while back in 2011, it was 105 days.

Housing Market 491

Housing Market Inventory Contracts Marketing 491

Housing Wire

MAY 22, 2024

Between elevated interest rates and the resulting “lock-in” effect , home prices and limited inventory levels are also making relocations challenging for baby boomers and older members of Generation X. homes combine single-floor living with no-step entry, and halls and doorways wide enough for wheelchairs,” the story said.

Renovations 459

Renovations Design Home Improvement Advertising 459

Housing Wire

JANUARY 26, 2022

But what if the market conditions include historically low levels of available inventory for sale, and competing for that limited inventory with institutional investors as well as millions of millennial homebuyers? in 2021, the lowest level of gross margin since the first quarter of 2011, during the Great Recession.

Real Estate 459

Real Estate Investors Inventory Business 459

Housing Wire

JUNE 18, 2021

in the fourth quarter of 2020 to its lowest point since the second quarter of 2011. How fix’n’flip loans could help expand housing inventory. The gross flipping return on investment was down from 41.8% Regionally, house flipping was down in 70 percent of U.S. Here’s how fix’n’flip loans may be the fix.

Investors 501

Investors Investing Lending Inventory 501

Housing Wire

AUGUST 16, 2022

Currently, we are in a much different housing recession than what we had from 2005-2011. Also, they are facing more competitive inventory since the number of existing homes is increasing, and those are cheaper. The credit cycle looks much different now than the build-up from 2002-2005. Why do I call it a housing recession?

Mortgage 533

Mortgage Construction Inventory Buyers 533

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

Inventory 397

Inventory New Listings Law Housing Market 397

Housing Wire

DECEMBER 3, 2020

months worth of housing inventory, which is the lowest ever, the report from Keller Williams said. Notably, in 2011, existing home prices in Ada County were at $160,113. In Ada County specifically, where Boise is located, the number of homes for sale dropped from 1,697 last October to just 355 in October 2020, a 79% decline.

Marketing 534

Marketing Realty Realtors Housing Market 534

Housing Wire

DECEMBER 20, 2023

NAR: Total housing inventory at the end of November was 1.13 Unsold inventory sits at a 3.5-month 2022. Unsold inventory sits at a 3.5-month In 2011, the days on the market were 105 days, and we had a massive distress supply, hitting the markets with a job loss recession. million units, down 1.7% from October but up 0.9%

Housing Market 482

Housing Market Marketing Inventory Realtors 482

Appraisal Buzz

JULY 16, 2024

elementor-widget-heading.elementor-heading-title.elementor-size-xxl{font-size:59px} A rise in inventory The total number of homes on the market has risen throughout the year, ticking up 4% from May 2024 to June 2024 to stand nearly 23% above last year’s low level. Inventory is reported to be higher than last year in all of the 50 largest U.S.

Home Value 397

Home Value Inventory Buyers Sellers 397

Housing Wire

MAY 24, 2022

My biggest thing is getting total inventory back to 2018-2019 levels, which can range from 1.52-1.93 However, this isn’t going to help much because the existing home sales market has a different inventory channel. Now inventory is rising in the existing home sales market, and we just had some positive weekly year-over-year prints.

Housing Market 418

Housing Market Inventory Construction Marketing 418

Appraisal Buzz

JUNE 25, 2024

Sustained outperformance of the Northeast market was last observed in 2011. growth in active inventory in the housing market in this period. The Northeast is the best performing market for the previous nine months, with New York rising 9.4% For the decade that followed, the West and the South held the top posts for performance.

Inventory 356

Inventory Housing Market Marketing Sellers 356

Housing Wire

OCTOBER 1, 2022

As reported in the latest NAR Existing-Home Sales , inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and home prices. In comparison, in 2011, homes took 96 days to sell. .

Realtors 418

Realtors Housing Market Marketing Buyers 418

Housing Wire

MARCH 9, 2022

from the fourth quarter of 2011 through the fourth quarter of 2021, according to NAR, and as of Q4 2021, the median single-family existing-home sales price rose by at least 10% in 67% of 183 metro areas tracked by NAR. .” ” Nationwide, the median single-family existing-home sales price rose at an annual pace of 8.3% in 2010.

Home Value 468

Home Value Realtors Marketing Inventory 468

Housing Wire

JANUARY 1, 2024

This would happen if we saw a surge of stressed inventory and mortgage rates didn’t go low enough to handle that much new supply into the market. So, this is something to consider only if we see an increase in stressed inventory. We haven’t had new listings data break over 90,000 in the peak seasons of 2021, 2022 or 2023.

Housing Market 531

Housing Market Marketing New Listings Construction 531

Appraisal Buzz

OCTOBER 23, 2024

Young adults’ rent burden peaked in 2011 at 62%, but by 2019, it has gradually decreased to 55%. Because they can only afford less than 1% (0.96%) of the rental inventory in other boroughs, these Bronx tenants have even fewer options in other parts of the city, where asking rents and upfront expenditures are far higher.

Landlords 195

Landlords Tenants Inventory Marketing 195

Housing Wire

OCTOBER 17, 2023

The single-family rental (SFR) sector and its close cousin, the fix-and-flip market , are now essentially treading water in an environment of high interest rates , approaching 8%; high home prices; and a dearth of home-purchase inventory. in first quarter to 27.5% Sector leaders are predicting more of the same for 2024.

Investors 444

Investors Investing Inventory Real Estate 444

Housing Wire

AUGUST 24, 2023

“We could see monthly sales fall to 2010 or 2011 levels when the market was recovering from the free fall after the housing bubble.” However, the big difference between the financial crisis of 2008 is that the current higher-rate environment is not sending home prices down, and other factors have kept inventory close to historic lows.

Mortgage 370

Mortgage Property Taxes Investors Buyers 370

Housing Wire

AUGUST 10, 2023

With regular reports and data coming out on what’s blocking inventory growth, the biggest factors impacting rates and the latest shifts in home sales, there’s a lot of information out there to help you inject more confidence into your business strategy. Logan Mohtashami: Inventory is still savagely unhealthy.

New Listings 352

New Listings Inventory Business Marketing 352

Appraisal Buzz

JUNE 25, 2024

Driven by lack of inventory, U.S. Sustained outperformance of the Northeast market was last observed in 2011,” he adds. home prices continued to soar in April, rising 0.3% on an adjusted basis compared with March, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. percent, annually.”

Inventory 195

Inventory Marketing Appraisal 195