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New listings data falls for third week in a row 

Housing Wire

New listings data has been moving lower over the last few weeks. But, we need to see more growth in new listings data just to grow from 2023 levels. 2023 new listings data was the lowest ever on record, so it’s already a low bar.

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New listings data is growing and prices still aren’t crashing

Housing Wire

The rules of supply and demand economics always end up winning and weekly new listing data is key. New listing data is growing year over year, but it will be the second-lowest new listing data ever recorded in history. For the fifth time this year, inventory hit my target level with elevated mortgage rates.

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The health of this housing market: Comparing 2024 data to 2011

Housing Wire

But since we have such low active listings today, even with 2024 being another year of low home sales, the days on the market are still under 30 days, which means homes that are priced right are selling quickly. New listings The most significant and glaring difference between 2011 and 2024 is the weekly new listings data for the peak season.

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Why higher rates aren’t crashing home prices

Housing Wire

The housing bubble boys are a crew that from 2012 to 2019 screamed housing crash every year. 1 story in the second half of 2022 was that after mortgage rates spiked, new listing data started to go negative year over year, which was crazy because we were already working from all-time lows. Housing inventory The No.

Inventory 546
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Why purchase application data is below 2008 levels

Housing Wire

Post-2012, whenever mortgage rates rise, existing home sales always trend below 5 million. Homeowners are in a better financial situation now, they live in their homes longer and longer, so the inventory channels have been much different post-2012. New listing data is down 5% year to date, as you can imagine.

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Home sales are beginning to stall as buyers hit their limit

Housing Wire

from May to June, the largest drop at this time of year on record since at least 2012, according to a new Redfin study released this week. Finally, new listings fell from a year ago in 15 of the 85 largest metro areas. Home sales fell 1.2% from a year ago. Louis, Missouri (-41%).

Buyers 545
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Is housing inventory growth really slowing down?

Housing Wire

One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. Redfin : Realtor.com : Altos Research : Clearly, we are seeing a slowdown in new listings as the data has been negative now for months. What does this mean?

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