Housing Wire

MAY 7, 2023

2017 99,880 2016 88,105 2015 94,101 As you can see in the chart below, new listing data is very seasonal; we don’t have much time to get some more growth here. Even though the labor market is currently showing signs of getting softer , there is no job-loss recession yet. The total NAR inventory is still 980,000.

Inventory 504

Inventory Housing Market Marketing New Listings 504

Housing Wire

FEBRUARY 27, 2023

We created the weekly Housing Market Tracker because housing data has been so wild since 2020. The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. A traditional seller is a conventional buyer most of the time.

Housing Market 454

Housing Market Marketing Inventory New Listings 454

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 482

Inventory Housing Market Marketing New Listings 482

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 474

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 435

Inventory Housing Market Marketing New Listings 435

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 393

Housing Market Marketing Inventory New Listings 393

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 471

Mortgage Inventory Investors Sellers 471

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.

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Retail Sellers Buyers Market Value 467

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.

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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 437

Inventory New Listings Sellers Mortgage 437

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 492

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 459

Mortgage Inventory New Listings Housing Market 459

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 394

Real Estate Agents Contracts Real Estate Agent 394

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 530

Mortgage Inventory New Listings Sellers 530

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 511

Mortgage Inventory New Listings Contracts 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 450

Mortgage Inventory New Listings Housing Market 450

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 497

Housing Wire

JULY 20, 2024

We finally have six weeks of numbers that hit my housing inventory growth model perfectly in 2024. Low inventory has plagued the housing market since the pandemic, plummeting to all-time lows in March of 2022 when we only had 240,000 single-family homes available for sale. Today that number is 668,383.

Inventory 525

Inventory New Listings Contracts Mortgage 525

Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. This sector on an apples-to-apples basis is more expensive than the existing home sales market. percent (±11.9

Mortgage 483

Mortgage Inventory Housing Market Construction 483

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 535

Inventory Mortgage New Listings Housing Market 535

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 367

Mortgage Inventory New Listings Retail 367

Housing Wire

JANUARY 3, 2024

All in, the district now has more than $50 million in housing assets, the bulk being apartments and condominiums, although it also has single-family homes. It has shown a willingness to absorb operational losses as a landlord, losing almost $2 million last year and almost $5 million since 2015.

Landlords 475

Landlords Home Value Construction Renovations 475

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 484

Inventory New Listings Mortgage Retail 484

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.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

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.”

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Loan Officers Clients Mortgage Construction 402

Housing Wire

JUNE 15, 2024

As most sellers are buyers, seeing more sellers listing their homes has been good. With more sellers who are buyers, we have a tad more demand this year. If mortgage rates head lower and stay lower, this contract data will grow, but we don’t see that growth in mortgage demand yet.

Mortgage 491

Mortgage Inventory Marketing New Listings 491

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 516

Inventory Mortgage New Listings Housing Market 516

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 533

Inventory Mortgage New Listings Buyers 533

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 482

Mortgage Inventory New Listings Housing Market 482

Housing Wire

AUGUST 23, 2022

The housing market is in a recession, something that the homebuilders and the National Association of Realtors now agree with me on, as this recent CNBC clip shows. Over the years, I have tried to emphasize that the housing market in the U.S. We had missed sales estimates in 2013, 2014 and 2015. This is 12.6

Construction 370

Construction Housing Market Sellers Real Estate 370

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

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 359

Realtors Agents Inventory Modernization 359

Housing Wire

JUNE 2, 2022

housing market. And now we are facing a tumultuous year of mortgage market normalization. Interest rates are rising, affordability is a challenge, and geopolitical conflicts impact global supply markets. After all, the media would be remiss not to be apprehensive in the current market environment.

Housing Market 468

Housing Market Supply Chain Construction Clients 468

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 446

Investors Real Estate Mortgage Investing 446

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.

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Tenants Government Law Buyers 400

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.

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New Listings Inventory Contracts Sellers 397

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 520

Mortgage Inventory New Listings Retail 520