Housing Wire

JULY 2, 2023

We have often discussed that the housing market dynamics changed starting Nov. The other big story with housing inventory is that new listing data has been trending negative year over year since the end of June 2022. Since May 15, that trend has continued to the point that inventory in America is now negative year over year.

Inventory 458

Inventory Housing Market Marketing New Listings 458

Housing Wire

MARCH 26, 2023

The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. In a regular market, they would be closer to 5.25%.

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Inventory Housing Market Marketing Mortgage 450

Housing Wire

JUNE 25, 2023

The affordability hit with higher mortgage rates has impacted new listings data since most sellers are buyers, thus facilitating an all-time low in new listings data. More importantly, it showed that the days on market dropped back to the teenager level, which means we are once again in a savagely unhealthy housing market.

Inventory 410

Inventory Housing Market Marketing New Listings 410

Housing Wire

MARCH 19, 2023

The housing market was crazy again last week. Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? However, you don’t need to be a rocket scientist or have a Ph.D.

Housing Market 384

Housing Market Marketing Inventory New Listings 384

Housing Wire

MARCH 5, 2024

Most home sellers are buyers of homes, so the action we are seeing this year is a healthy step in the right direction to get more balance in the housing market ,” Mohtashami wrote on Saturday. For context, active listings during the same time frame in 2015 were substantially higher at 958,304. Between Feb.

Mortgage 458

Mortgage Inventory Investors Sellers 458

Housing Wire

JANUARY 9, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business.

Retail 488

Retail Sellers Buyers Market Value 488

Housing Wire

AUGUST 4, 2024

Weekly housing inventory data The best story in 2024 has been inventory growth. We can’t have a functional housing market with the inventory levels we saw from 2020-2023. This year we’ve gotten enough inventory growth to create a buffer so we don’t have another savagely unhealthy housing market when mortgage rates fall.

Mortgage 511

Mortgage Inventory New Listings Housing Market 511

Housing Wire

AUGUST 24, 2024

Did the changes affect any of the housing data we track every week? Since the buyer’s commission payout isn’t as transparent as before, I have been anticipating delays in the home-buying process as people adapted to the new rules. Weekly inventory change (Aug.

Inventory 478

Inventory New Listings Sellers Mortgage 478

Housing Wire

SEPTEMBER 28, 2024

However, considering the affordability challenges with the housing market , it’s good to see a flip in the housing data without rates getting under 6%. Since most sellers are buyers, we need this data line to get back to the pre-COVID-19 trend range, which it hasn’t been able to do since the second half of 2022.

Mortgage 520

Mortgage Inventory New Listings Contracts 520

Housing Wire

NOVEMBER 18, 2022

On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. I cheer because the savagely unhealthy housing market theme I talked about back in February of this year was the same premise of the housing reset talking point the Federal Reserve uses.

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Inventory Marketing Housing Market New Listings 473

Housing Wire

JUNE 1, 2024

So, what does this all mean for the housing market and the future of mortgage rates? One thing to remember with the labor data is that it’s no longer a tight labor market, but it hasn’t broken yet. But now we have the big jobs week coming up!

Mortgage 505

Mortgage Inventory New Listings Housing Market 505

Housing Wire

DECEMBER 9, 2023

Here is the price cut percentage data for the same week in other years: 2023 38% 2022 42% 2021 27% As you can see, affordability is an issue, and the price cut percentage is higher now than in any period from 2015-2021, but still below 2022 levels. Last year, according to Altos Research , the seasonal peak for housing inventory was Oct.

Mortgage 533

Mortgage Inventory New Listings Sellers 533

Housing Wire

MAY 1, 2024

In a hostile housing market and a noisy industry environment, why is Zillow outperforming?” According to Barton, the “substance of the settlement” is a “very reasonable middle path forward for the industry, where commissions are communicated between sellers and buyers and both parties are better educated.” he posited.

Real Estate 425

Real Estate Agents Contracts Real Estate Agent 425

Housing Wire

JULY 27, 2024

Most sellers are buyers and the housing market needs standard new listing data for the rest of the year. With more sellers who are buyers, we have a tad more demand this year. The last thing I want to see is a repeat of the second half of 2022 when we saw new listings data take a noticeable seasonal decline.

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New Listings Inventory Mortgage Sellers 511

Housing Wire

MAY 11, 2024

However, this year, even though the spreads are still historically bad, they’ve improved over last year, which is a plus for the housing market. This can be partly due to a higher percentage of cash buyers in the sales mix that purchase applicatoins won’t account for. Right now, the difference between them is 2.60%.

Mortgage 457

Mortgage Inventory New Listings Housing Market 457

Housing Wire

MARCH 2, 2024

Most home sellers are buyers of homes, so the action we are seeing this year is a healthy step in the right direction to get more balance in the housing market. Since I am a labor-over-inflation guy, this week means a lot to my work for housing because I believe the housing market moves with the 10-year yield.

Inventory 534

Inventory Mortgage New Listings Housing Market 534

Housing Wire

AUGUST 13, 2023

This happened as expected, except we had a lousy bond auction, which meant too much debt supply came online with insufficient buyers. The week ahead: Tons of economic data This week, we have various economic data reports that can move mortgage rates and give us a sense of where the housing market is going.

Mortgage 370

Mortgage Inventory New Listings Retail 370

Housing Wire

JUNE 8, 2022

I am going to do my best to try to make sense of what is happening with the housing market right now, since the years 2020-2024 have been a talking point of mine for years and my biggest concern since the fall of 2020 has been prices overheating — not having a deflationary collapse. . A short history of the housing crash narrative.

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Inventory Housing Market Marketing Mortgage 545

Housing Wire

NOVEMBER 11, 2023

That is the critical period for new listing data to grow; remember, most sellers are buyers. 9, 2023, we can retire this data, as this was the date I believed the housing market dynamics shifted last year. Weekly inventory change (Nov. 10) : Inventory rose from 566,882 to 566,941 Same week last year (Nov. If we start from Nov.

Inventory 490

Inventory New Listings Mortgage Retail 490

Housing Wire

APRIL 1, 2024

While many proptech companies have struggled to adapt to the slower housing market conditions and challenging venture capital environment, Flyhomes is viewing this as a time to grow. This assessment is crucial to transition from the bridge loan to refinance after the sale of the departing residence.”

Loan Officers 417

Loan Officers Clients Mortgage Construction 417

Housing Wire

FEBRUARY 4, 2024

Weekly housing inventory data One substantial positive story for 2024 is that we have more housing inventory year over year. I am a very pro-housing supply person and will feel much better about the housing market when we return to pre-COVID-19 levels for total active listings. But at least it’s positive!

Inventory 517

Inventory Mortgage New Listings Housing Market 517

Housing Wire

NOVEMBER 25, 2023

Instead, let’s look at the future: If the 10-year yield can break under 4.34% with some kick from bond buyers, we have an excellent shot at getting under 7%. Last year in November, we had a noticeable move lower in mortgage rates, and the forward-looking housing data got better, but almost everyone ignored it.

Inventory 536

Inventory Mortgage New Listings Buyers 536

Housing Wire

MARCH 9, 2024

Moving the needle doesn’t take much since we all know we have buyers ready to go and home sales are at record lows. Weekly housing inventory data The positive story for housing in 2024 has been the inventory growth we have seen year-over-year. Yes, I know it’s not a lot of homes, but growth is growth, people!

Mortgage 490

Mortgage Inventory New Listings Housing Market 490

Housing Wire

APRIL 29, 2022

Just like Earth, mortgage rates and housing markets are cyclic and we’re heading into another Ice Age. If I believe Twitter and the charts and graphs that show 2015 trends or 2020 trends or 1982 trends, I can’t help but to ask, what if these are not an indicator of today, but the beginning of a new normal?

Mortgage 370

Mortgage Real Estate Agent Technology Inventory 370

Housing Wire

SEPTEMBER 15, 2024

Since most sellers are buyers, this data must return to normal before seeing real, long-lasting sales growth. Weekly inventory change (Sept. 13): Inventory rose from 703,646 to 713,660 The same week last year (Sept.

Mortgage 515

Mortgage Inventory New Listings Retail 515

Housing Wire

JUNE 29, 2024

2015 81,875 2016 80,293 2017 84,293 2018 98,972 2019 87,278 Now, let me show you what stressed sellers’ data looks like. The numbers speak for themselves and if anyone you know has been saying housing looks like 2008 for the past 10 years, I will tell you that the person doesn’t read.

New Listings 414

New Listings Inventory Contracts Sellers 414

Housing Wire

MAY 29, 2024

The changes are likely to put pressure on buyers’ agents and shrink the $100 billion annual commission pot by as much as $30 billion over time, according to analysts at Keefe Bruyette & Woods (KBW). And a 2015 paper in the Rand Journal of Economics predicted that a 50% reduction in commissions would result in 40% fewer agents.

Realtors 393

Realtors Agents Inventory Modernization 393

Housing Wire

SEPTEMBER 22, 2024

Since most sellers are buyers, this data must return to normal before seeing real, long-lasting sales growth. Weekly inventory change (Sept. 20): Inventory rose from 713,660 to 725,249 The same week last year (Sept.

Mortgage 520

Mortgage Inventory New Listings Contracts 520

Housing Wire

JUNE 28, 2023

David Dunn of advisory firm Province , the chief restructuring officer for Peer Street, cited in court filings that surging rates, reduced demand for mortgages, and declining institutional buyers’ appetite for below-current-market-rate loans led to the Chapter 11 case. Burry was one of PeerStreet’s first investors in 2015.

Investors 431

Investors Real Estate Mortgage Investing 431

Housing Wire

SEPTEMBER 14, 2023

housing market is short by at least 6.5 After more than a decade of under-building relative to population growth, there are simply not enough affordable entry-level and first-time move-up options available for buyers. Most recently, rising interest rates have intensified the fight for housing. million homes.

Tenants 397

Tenants Government Law Buyers 397

Housing Wire

JUNE 22, 2024

With more sellers who are buyers, we have a tad more demand this year. 2024: 396,153 2023: 385,699 2022: 449,777 The week ahead: Home prices, home sales and Fed speeches This week, we have a few housing reports: New home sales, which is critical to the economic cycle; pending home sales; and two home-price index reports.

Mortgage 449

Mortgage Inventory New Listings Contracts 449

Housing Wire

DECEMBER 2, 2023

18): Inventory fell from 564,571 to 550,302 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 so far is 569,898 For context, active listings for this week in 2015 were 1,081,712 The one positive inventory story in 2023 is that we formed a bottom in the new listings data! Weekly inventory change (Nov.

Mortgage 543

Mortgage Inventory New Listings Sellers 543

Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Housing Wire

JUNE 25, 2021

Per a recent report from Redfin , the typical iBuyer-owned home found a buyer after 13 days on the market — the quickest pace since at least 2015, when Redfin began recording iBuyer data. iBuying appears to be back, after the nation’s top iBuying companies purchased 4,383 homes in the first quarter of 2021 — up 20.6%

Renovations 434

Renovations Marketing Buyers Inventory 434

Housing Wire

JANUARY 20, 2024

Weekly housing inventory data Here is a look at the first week of the year: Weekly inventory change (Jan. Most sellers are buyers, and new listing data decreased after rates increased in 2022. 12-19) : Inventory rose from 505,223 to 506,414 Same week last year (Jan. I talked about this very topic on CNBC a few days ago.

Inventory 541

Inventory Mortgage New Listings Sellers 541

Housing Wire

JANUARY 13, 2024

Weekly housing inventory data Here is a look at the first week of the year: Weekly inventory change (Jan. In any case, we will keep an eye on housing inventory going out in the future. 5-12) : Inventory rose from 499,143 to 505,223 Same week last year (Jan. 2022 21.7%

Inventory 533

Inventory New Listings Retail Mortgage 533

Hank Miller Team

MARCH 21, 2022

It’s hard to find a housing market not presently on fire, Atlanta is no different. Compared to a decade ago and the worst housing crisis ever, this market turn around improvement is among the tops in the country. It’s an edge our buyers and sellers enjoy and one that routinely gets them ahead of the very hungry pack.

Real Estate 98

Real Estate Marketing Sellers Inventory 98