Housing Wire

FEBRUARY 24, 2024

17-24), Inventory fell from 437,282 to 430,395 The recent inventory bottom was in 2022 at 240,194 The inventory peak for 2023 was 569,898 For context, active listings for this week in 2015 were 958,304 New listings data New listings data is growing year over year and increasing week to week, but I wish we were seeing more significant growth.

Mortgage 505

Mortgage Inventory New Listings Housing Market 505

Housing Wire

JANUARY 1, 2024

If I am wrong and mortgage rates go lower for longer and we don’t get more new listings in 2024, then home prices can grow faster in 2024 because we will have the same issue as before: too many people chasing too few homes. 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

Housing Wire

JANUARY 20, 2023

The one period where this didn’t happen was from 2006-2011, when credit forced Americans to sell, to rent or to be homeless. During that period, we saw new listing data decline. Total housing costs for American homeowners versus their wages are meager, and most will buy a home right away when they sell.

Inventory 541

Inventory Housing Market New Listings Marketing 541

Housing Wire

DECEMBER 21, 2022

This explains why total active listing inventory data has been stable over the decades, with the exception of 2006-2011, when those forced distressed credit home sellers couldn’t buy. Mortgage rates spiked in March, and then the new listing data started to decline at the end of June.

Inventory 531

Inventory New Listings Housing Market Sellers 531

Housing Wire

JANUARY 19, 2024

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. In the CNBC interview, I stressed that we do have one positive on the inventory side of things: we are seeing new listings data growth.

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Housing Market Inventory Contracts Marketing 493

Housing Wire

SEPTEMBER 22, 2022

Existing home sales have more legs to go lower, especially now that new listing data is falling. A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. million in August.”

Inventory 482

Inventory Housing Market New Listings Mortgage 482

Housing Wire

AUGUST 30, 2022

I don’t need to see total active listing get back to the historical range of 2-2.5 New listings are declining now. Inventory is always seasonal, but the decline in new listings this year was not what I wanted to see. This is not encouraging news at all, in my view. From Redfin.

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Inventory New Listings Law Housing Market 397

Housing Wire

AUGUST 10, 2023

But, the really painful trend is new listings data. New listings data is trending at the lowest levels ever recorded in U.S. Last week there were only 62,000 new listings that came to the market. Back in 2011, it was 101 days. That took another downfall toward the middle part of last year.

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New Listings Inventory Business Marketing 367

Housing Wire

APRIL 20, 2023

If we are trending below 4 million — a possibility with new listing data trending at all-time lows — then we have much weaker demand than people think. This is the reality of our world: total active listings are still near all-time lows and demand so far has been stable since Nov. Now if we get a few sales prints above 4.6

Inventory 531

Inventory Housing Market Marketing New Listings 531

Housing Wire

JANUARY 5, 2023

I have been forecasting since 2010 and I’ve only predicted price declines for 2011 and 2012. However, weeks after that call, the new listing data started to decline noticeably, which makes that call much harder to happen in 2023. The higher the rate from this level, the more significant hit to affordability we will see.

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Housing Market Marketing Inventory New Listings 543

Housing Wire

OCTOBER 20, 2022

Home purchase sentiment hit its lowest level since 2011 and home builder sentiment fell for the 10th consecutive month in September as construction activity slowed. Sellers are responding to the shift in the market and pulling back on listing activity, resulting in a 9.8%

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Mortgage Sellers Buyers New Listings 435

Housing Wire

DECEMBER 7, 2022

Only from 2006-2011 did we see this break due to forced sellers who couldn’t buy homes. One issue that has created a waterfall dive in purchase application data and sales is that new listing data is declining faster than usual. NAR: Total Inventory levels 1.22 million Historically inventory levels range between 2 million and 2.5

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Housing Market Mortgage Marketing Inventory 544

Housing Wire

OCTOBER 11, 2022

The only time this happened was 2006-2011 — the housing bust years. However, 5%-6% mortgage rates did change the marketplace and now 6%-7% mortgage rates are changing behavior so that we see new listing data declining even more as sellers are calling it quits on their plan to list.

Sellers 514

Sellers Inventory Housing Market New Listings 514

Housing Wire

FEBRUARY 8, 2024

11 of last year found that 27,700 violent crimes had been reported in the city, marking the highest level of violent crime in Chicago since 2011. Although housing market conditions may be challenging heading into the spring season, agents in the inventory-strapped state are optimistic that new listings will soon be coming to market.

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Inventory Agents Housing Market Luxury Properties 468

McKissock

MARCH 1, 2021

Dara’s ability to listen to clients and her attention to detail landed her Exceptional Service Awards in 2011, 2012, and 2013 from Cartus/USAA, one of the nation’s largest relocation organizations. A: My biggest challenge in working with Millennials is to make sure I know more than they know!

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Real Estate Clients Real Estate Agent Renovations 90

Lamacchia Realty

JANUARY 25, 2024

2023 produced the lowest number of home sales since 2005 with the exception of 2011. Therefore, we are in a market with the lowest amount of new listings since 1994. With the exception of 2011, 2023 ended with the lowest number of pending sales since 2000. The opposite is happening now. Pending Sales Decreased by 17.7%

Inventory 73

Inventory Sellers Contracts Buyers 73

Lamacchia Realty

JANUARY 25, 2024

Sales were down in all three categories: Single family sales down by 22.4%: 9,565 in 2023 from 7,420 in 2022 Condo sales down by 21.7%: 2,152 in 2023 from 1,685 in 2022 Multi-family sales down by 28.2%: 2,036 in 2023 from 1,462 in 2022 The bar chart below illustrates that sales in 2023 reached their lowest point since 2011.

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Inventory Sellers Buyers Real Estate 62

Lamacchia Realty

JANUARY 25, 2024

You can see this is the second year in a row that sales have been down since the 2020 COVID market, but now in 2023, sales are the lowest they’ve been since 2011. Consequently, we’re witnessing the lowest number of new listings since 2000.

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Inventory Sellers Buyers Contracts 55

Lamacchia Realty

JANUARY 30, 2024

In the chart below you’ll see that the number of single-family homes sold is the lowest it has been in South Florida since 2011. 2023 Sees the Lowest Number of Homes Listed in Fifteen Years There was a 10% decrease in the number of new listings compared to 2022, with 113,883 homes listed in South Florida, down from 126,545.

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HOA Inventory Buyers Contracts 52

Housing Wire

OCTOBER 23, 2024

If you take 2007-2011 out of the equation, we have had only one year go negative; that was 1990, and that was only a 1% decline. Where I disagree with Yun is this: We have more inventory because demand has been softer, and we have more new listings this year compared to last. That’s a big difference, folks.

Mortgage 497

Mortgage Inventory New Listings Sellers 497

Will Springer Realtor

DECEMBER 11, 2022

This year’s “cold down” is stark, with 36% fewer new listings and about 26% fewer homes under contract (Pendings) for all King County home types combined as well as single-family structures alone – and that’s simply from October to November. Read my real estate forecast blog post after you finish the newsletter to learn more!)

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Inventory Supply Chain Construction Buyers 36

Housing Wire

DECEMBER 6, 2021

When Gogo Bethke began her career in real estate back in 2011, the Romanian immigrant felt like social media was her only option to generate leads and close deals. “I Instead, the Michigan-based eXp agent created her Facebook business page shortly after passing her licensing exam in 2011 and named it “Gogo’s Real Estate.”. “I

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Agents Real Estate Business Realtors 418

Will Springer Realtor

NOVEMBER 14, 2023

Sales activity across the county is at historic lows; no October has experienced fewer listings in King County – not even close – since at least 1992 when records were first archived online. New listings for all home types in King County stood at 2157, a whopping 25% drop from September to October. Closed sales fell 0.9%

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Inventory Buyers Sellers New Listings 36

Will Springer Realtor

SEPTEMBER 8, 2021

Most notably, it’s the first time mortgages declined from Q1 to Q2 since 2011, according to ATTOM Data Solutions. averaged a 17% home-price rise from Q2 of 2020 to Q2 of 2021 and prices have risen nationally each quarter since Q3 of 2011. >> The pandemic seriously affected U.S. New data show this subset of buyers accounted for 2.8%

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Construction Inventory Buyers Real Estate 36

Will Springer Realtor

OCTOBER 8, 2021

The gross-flipping profit of $67,000 in Q2 translates into a 34% return on investment compared to the original acquisition price, its lowest point since Q1 of 2011, when the housing market was recovering from a price slump brought on by the Great Recession. New listings are up 6.3% in Q2, down from 6.8% OCTOBER HOUSING UPDATE.

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Real Estate Buyers Inventory Housing Market 36

Will Springer Realtor

MAY 13, 2024

That’s up from 36% of sales in 2022 but far from the peak this century of 45% in 2011, according to ATTOM. >> The reason, beyond the seasonal spring burst of new listings, may be tied to a recent legal settlement between Insignia’s Homeowners Association and Bosa Development Washington on a litany of building defect claims.

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HOA Transportation Construction Buyers 36

Will Springer Realtor

JULY 8, 2022

The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. While the number of new listings in June jumped 8.2% The fresh data show a clear slowing of the housing market.

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Housing Market Marketing Inventory HOA 36

Will Springer Realtor

MAY 9, 2022

Between 2011 and 2019, the median household income in our area increased by about 34% but housing prices jumped 78%. That includes 621 fewer Pending contracts in April 2022 than the previous April, as the net number of new listings remains on average lower than in years past. It will help sell this 3-bed, 5-bath , 4690 sq.

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Architecture Design Buyers Construction 36

Will Springer Realtor

NOVEMBER 12, 2024

The county has completed only 19,868 total home sales this year, which is the lowest figure since 2011 when 18,930 homes sold through the first 10 months. The number of new listings across King fell by roughly 20% from September, a common occurrence this time of year as households shift their focus to family, football and festivities.

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Housing Market Marketing Buyers Inventory 55

Housing Wire

NOVEMBER 2, 2024

New listings data had a slight increase this week from 60,066 to 60,819. However, for 2024, we’ve seen inventory growth and no new listings data from stressed sellers. However, for 2024, we’ve seen inventory growth and no new listings data from stressed sellers.

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Inventory New Listings Mortgage Contracts 516