Housing Wire

MARCH 8, 2023

It is no secret that the housing market is suffering from an ongoing inventory drought. Existing housing inventory fell by 11,021 homes week over week for the week ending March 6, according to data from Altos Research. Despite the odds, Realtor.com does see paths for the inventory new housing shortage to be resolved. In 2022, 2.06

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Housing Wire

JUNE 27, 2024

Homebuyer affordability conditions improved in May as slightly lower mortgage rates and an uptick in housing inventory slightly eased the recent rise in application payment amounts,” Edward Seiler, MBA’s associate vice president of housing economics, said in a statement. This is a measurement of payment growth since March 2012.

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Housing Wire

FEBRUARY 20, 2024

million homeowners added between 2012 and 2022. in 2012 to 65.2% But it fell slightly from 2021 (65.4%) due to higher mortgage rates and inventory constraints. The dream of homeownership is becoming more attainable for many Americans, with 10.5 Some racial minorities also witnessed a surge in their homeownership rates.

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Housing Wire

OCTOBER 12, 2020

Here is another precedent: Back in 2012, our housing bear buddies kept insisting that the housing market had 4 million to 5 million homes in what they called shadow inventory. Shadow inventory refers to homes in foreclosure that banks are holding off the market. Housing data started to soften in 2005 after an overheated market.

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Housing Wire

JUNE 6, 2024

The index was initially benchmarked to 100 in 2012. But this is also impacted by the state of the market, as lenders react to challenges related to high interest rates and limited inventory that have impacted borrower engagement. The Mortgage Credit Availability Index (MCAI) rose by 0.1%

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Housing Wire

APRIL 23, 2021

Homes sold in March were on the market for 21 days, per the report, the shortest period between listing and sale since 2012. But the NAR reported this week that home sales in March fell for the second month in a row as inventory plunged and home prices climbed to record levels. Home prices in the U.S. But with a third of U.S.

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Housing Wire

MAY 18, 2024

Weekly housing inventory data For the third consecutive week, we haven’t quite reached my weekly target of inventory growth between 11,000 and 17,000 homes. However, we came close to our target with inventory growth of 9,726 and there’s a silver lining: mortgage rates have recently fallen.

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Housing Wire

MARCH 18, 2022

Inventory has broken to all-time lows, but it doesn’t look like the year-over-year data will be positive at all this year unless demand softens up. NAR Research : Unsold inventory sits at a 1.7-month NAR Research : Unsold inventory sits at a 1.7-month However, negative year-over-year inventory is not what we want to see.

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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%. million and 1.93

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Housing Wire

NOVEMBER 18, 2020

The homeownership rate in Texas rose to an all-time high of 70% in the third quarter, exceeding the national metric for the first time since 2012, according to a report from the Texas A&M Real Estate Center. Housing inventory in Texas has dropped to 2.2 In fact, inventory for homes priced less than $300,000 sits at 1.6

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Housing Wire

JUNE 28, 2022

growth for its top 20 city composite, and now you know why my most significant concern for housing was home prices overheating , not crashing like people have warned about from 2012-2021. million total housing inventory data as that is the level of inventory that would change my thesis that this is a savagely unhealthy market.

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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. Housing inventory issue with no booming demand. crash, especially from 2012-2019. million listings.

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Housing Wire

FEBRUARY 7, 2024

After closing out 2023 with its first annual membership decline since 2012, the National Association of Realtors is still struggling with its membership count. However, the 85,049 agents lost between October 2022 and January of 2024, is still well below the 400,000-agent drop recorded between 2008 and 2012. This is down 2.1%

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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

NOVEMBER 9, 2022

Inventory levels broke to all-time lows and thus created massive housing inflation quickly, which broke my model. Post-2012, whenever mortgage rates rise, existing home sales always trend below 5 million. The glaring difference between now and 2014 is that total inventory levels are roughly 1 million lower now than the peak of 2014.

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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.” 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

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Housing Wire

JUNE 2, 2023

The deal comes at a time when a lack of for-sale home inventory is boosting the appetite for homebuilders. Founded in 2012, the Pretium platform capitalizes on investment and lending opportunities and has more than $50 billion of assets with real estate investments across 30 markets in the U.S, according to the firm.

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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

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Housing Wire

JUNE 22, 2021

For the NAR, this is a record high and marks 111 straight months of year-over-year gains since March 2012. “Lack of inventory continues to be the overwhelming factor holding back home sales, but falling affordability is simply squeezing some first-time buyers out of the market,” said Lawrence Yun, NAR’s chief economist.

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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

APRIL 3, 2023

Declining mortgage rates could have improved affordability for buyers in the housing market in February, but instead spurred a demand that, combined with a persistent lack of inventory across the U.S., “In many areas of the country, that dynamic – low inventory and a modest rise in demand – led to an uptick in home prices.”

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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.

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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

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. million housing units due to a severe lack of supply produced between 2012 and 2019. million and 7.3

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Housing Wire

MAY 18, 2023

If we had a massive credit boom-to-bust, inventory would have skyrocketed in 2022. Instead, active listings are near all-time lows, which wasn’t the case from 2012-2019. NAR Total Inventory Data going back to 1982. housing market inventory channels have changed due to how the U.S. million, up from 1.03 million last year.

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Housing Wire

MARCH 31, 2022

crew, this would mean home prices would have to get back to 2012 in a short amount of time. since the 2012 lows and that is the magnitude of decline we would need to see to justify using the term “housing bubble.” Especially in a year when inventory has crashed to all-time lows and demand for those houses is still so high.

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Housing Wire

JANUARY 16, 2024

This has put a strain on the inventory of three-bedroom-plus homes, making it harder for a millennial to buy one. Still, some boomers are ready to downsize into a condo or move somewhere new for retirement, and the mortgage-rate lock-in effect is starting to ease–so even though there won’t be a flood of inventory , there will be a trickle.”

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Housing Wire

DECEMBER 10, 2021

The index benchmarks to 100 in March 2012; a higher number portends more mortgage credit availability. In the meantime, rates remain low and stable, even as the nation faces declining housing affordability and low inventory.”. The MBA Mortgage Credit Availability Index overall fell by 0.6% in November.

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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. million in 2023.

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Housing Wire

NOVEMBER 4, 2021

Now the need for new housing supply is acute : 12 million households have formed since 2012, yet only 10 million units were built during that time, per an analysis of Bureau of Labor statistics by the National Association for Home Builders. Top markets for affordable renovated housing inventory.

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Housing Wire

AUGUST 9, 2022

A decline of the index, benchmarked to 100 in March 2012, indicates lending standards are tightening while an increase suggests loosening credit. Kan had projected that lower rates combined with signs of more inventory coming to the market could lead to a rebound in purchase activity. The MCAI fell to 108.8

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Housing Wire

JANUARY 5, 2021

Over the past few decades, the inventory of affordable homes has been in sharp decline while home prices have risen dramatically. In fact, since 2012, the average price of a home has risen by almost 47%.

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Housing Wire

JUNE 13, 2023

Mortgage credit availability dropped in May, a consequence of a tougher mortgage landscape that has resulted in lender consolidation as well as high rates and limited inventory that has stretched consumer budgets. The monthly Mortgage Credit Availability Index fell by 3.1% last month, according to the Mortgage Bankers Association.

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Housing Wire

JULY 12, 2022

A decline of the index, benchmarked to 100 in March 2012, indicates lending standards are tightening, while an increase suggests loosening credit. . The monthly Mortgage Credit Availability Index (MCAI) fell by 0.3% in June, according to the Mortgage Bankers Association. Credit availability was mixed by loan type.

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Housing Wire

APRIL 7, 2022

Mortgage credit availability dropped in March, a sign that lenders tightened credit standards amid insufficient inventory of homes for sale and rising mortgage rates. A decline of the index, benchmarked to 100 in March 2012, indicates that lending standards are tightening while an increase suggests loosening credit.

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Housing Wire

DECEMBER 4, 2023

It deepened an already existing inventory shortage and worsened affordability woes. Gen Zers, individuals born between 1997 and 2012, cared more about space but were willing to compromise on location, whereas boomers, who were born between 1946 and 1964, were the opposite. First-time homebuyers were particularly harmed by this trend.

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Housing Wire

NOVEMBER 4, 2024

First-time buyers face high home prices, high mortgage interest rates and limited inventory, making them a decade older with significantly higher incomes than previous generations of buyers. In 2012, 59% of homebuyers had no children under the age of 18. Homebuyers are increasingly childless. That number now sits at 73%.

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