Housing Wire

NOVEMBER 23, 2024

Weekly pending sales The Altos Research weekly pending contract data provides insights into real-time demand. Even today, the pending contract data remains resilient despite higher home prices and mortgage rates than last year. Weekly inventory change (Nov. Weekly inventory change (Nov.

Mortgage 514

Mortgage Inventory New Listings Contracts 514

Housing Wire

SEPTEMBER 28, 2024

Housing demand is very seasonal, so the fact that our pending contract data is firming up lately just shows that lower mortgage rates have stabilized and firmed up demand recently. Weekly pending sales Below is the Altos Research weekly pending contract data to show real-time demand. Weekly inventory change (Sept.

Mortgage 525

Mortgage Inventory New Listings Contracts 525

Housing Wire

NOVEMBER 30, 2024

Weekly pending sales The weekly pending contract data from Altos Research gives us an extraordinary glimpse into real-time housing demand. It’s encouraging to see pending contracts holding up year over year, even though home prices and mortgage rates have been higher recently. Weekly inventory change (Nov.

Mortgage 518

Mortgage Inventory New Listings Contracts 518

Housing Wire

DECEMBER 7, 2024

We also see growth in our pending contract data compared to 2022 and 2023. Weekly pending sales The weekly pending contract data from Altos Research offers an insightful look into real-time housing demand. Weekly housing inventory data Housing inventory fell last week, which is typical at this time of year.

New Listings 505

New Listings Inventory Contracts Housing Market 505

Housing Wire

JULY 13, 2024

Weekly housing inventory data This week’s data was hit with the July 4th bug. So, I will not make any statements about the decline in inventory week to week, except that it’s been affected by the holiday and we should get back on trend next week. have higher inventory data than the national data.

Mortgage 514

Mortgage New Listings Inventory Contracts 514

Housing Wire

JANUARY 4, 2025

Our weekly pending contract data has shown year-over-year growth for some time now, even with elevated mortgage rates. Weekly pending sales The latest weekly pending contract data from Altos Research offers critical insights into real-time trends in housing demand. Weekly inventory change (Dec. Weekly inventory change (Dec.

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New Listings Inventory Contracts Mortgage 508

Housing Wire

JULY 6, 2024

Now that we are halfway through the year, we can see that active inventory in America is growing, unlike what happened in 2023. We are currently up to 652,573 single-family homes, and while that isn’t close to average active inventory levels, it’s a much better place today than in 2022.

Housing Market 476

Housing Market Mortgage Inventory Marketing 476

Housing Wire

JUNE 15, 2024

Weekly housing inventory data As we head into the summer, I still can’t express enough gratitude for the growth in inventory this year. If mortgage rates keep falling and demand picks up, we will have a much better buffer with active inventory than in 2022 and 2023.

Mortgage 508

Mortgage Inventory Marketing New Listings 508

Housing Wire

DECEMBER 21, 2024

Despite this, we had positive data on existing home sales , purchase applications, and our weekly pending contract figures. Weekly pending sales The latest weekly pending contract data from Altos Research offers an exciting glimpse into the real-time dynamics of housing demand. Weekly inventory change (Dec.

Housing Market 505

Housing Market Marketing Inventory New Listings 505

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.

New Listings 415

New Listings Inventory Contracts Sellers 415

Housing Wire

JUNE 22, 2024

Weekly housing inventory data Inventory hit another one of my target levels this week, making it four times this year! My rule of thumb has been that inventory should have some weekly positive prints between 11,000 and 17,000 as long as rates are above 7.25%. Last week we saw positive inventory growth of 13,593 !

Mortgage 482

Mortgage Inventory New Listings Contracts 482

Housing Wire

AUGUST 24, 2024

The last time we saw this kind of effect was when mortgage lenders had to start incorporating TRID in 2015 — it created a one-month crash in existing home sales because it just took a bit longer to close a deal. Last week housing inventory grew by 6,271. Weekly inventory change (Aug. Weekly inventory change (Aug.

Inventory 504

Inventory New Listings Sellers Mortgage 504

Housing Wire

JUNE 8, 2024

Weekly housing inventory data I can’t stress enough that the best story for 2024 has been that active inventory and new listing data is growing. We desperately needed to get off these record lows in inventory and create a buffer for breathing room when rates fall. This week, we only hit 6,674.

Mortgage 508

Mortgage Inventory New Listings Contracts 508

Housing Wire

APRIL 13, 2024

Weekly housing inventory data Usually, I would jump for joy at last week’s inventory growth. However, last week’s numbers don’t get a passing grade: The rebound impact of Easter boosted last week’s inventory data, just like it caused the inventory data to decline in the previous week.

Inventory 505

Inventory Mortgage New Listings Retail 505

Housing Wire

SEPTEMBER 15, 2024

Weekly housing inventory data Higher rates lead to more inventory. My model has been simple for the last two years; as long as mortgage rates stay above 7.25%, inventory should grow in a normal range of 11,000-17,000 per week. Weekly inventory change (Sept. Weekly inventory change (Sept.

Mortgage 521

Mortgage Inventory New Listings Retail 521

Housing Wire

MAY 18, 2024

The moves haven’t been significant and our weekly pending contracts data picked up this week. 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. When mortgage rates increase, demand falls and the price-cut percentage grows.

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New Listings Inventory Mortgage Contracts 501

Housing Wire

OCTOBER 19, 2024

We have had three weeks of positive year-over-year growth in both purchase application data and weekly pending contract data, with last week showing a noticeable jump from last year. Weekly pending sales Below is the Altos Research weekly pending contract data to show real-time demand. Weekly inventory change (Oct 11-Oct.

Inventory 524

Inventory New Listings Mortgage Contracts 524

Housing Wire

JULY 27, 2024

One of my critical forecasts for 2024 was the growth of new listings data and active inventory, even with higher mortgage rates. While we are not back to normal inventory levels in America, especially considering our population today, we are working our way up the ladder. have higher inventory than the national data.

New Listings 518

New Listings Inventory Mortgage Sellers 518

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 518

Mortgage Inventory New Listings Housing Market 518

Housing Wire

SEPTEMBER 7, 2024

Weekly housing inventory data As mortgage rates have decreased, inventory growth has slowed, and seasonality will kick in soon. Last week, we had the Labor Day holiday, so take the decline in inventory within that context. Weekly inventory change (Aug. Weekly inventory change (Aug.

Mortgage 533

Mortgage Inventory New Listings Marketing 533

Housing Wire

SEPTEMBER 22, 2024

Weekly housing inventory data The best story for me about housing this year has been the inventory growth. With the inventory growth we’re seeing and demand firming up, this is the best we could have hoped for in 2024. Weekly inventory change (Sept. Weekly inventory change (Sept.

Mortgage 525

Mortgage Inventory New Listings Contracts 525

Housing Wire

OCTOBER 5, 2024

Weekly pending sales Below is the Altos Research weekly pending contract data to show real-time demand. 2024: 354,816 2023: 326,593 2022: 358,740 Weekly housing inventory data Three weeks ago was the best week of inventory growth in 2024, as we hit my model range without higher mortgage rates: I gave it the chef’s kiss.

Mortgage 511

Mortgage Inventory New Listings Retail 511

Housing Wire

FEBRUARY 24, 2024

Weekly housing inventory data My favorite housing data line for 2024 has been seeing the increase in inventory year over year. I firmly believe that housing inventory can grow over time when mortgage rates increase and we see weakness in demand. Here is a look at inventory last week: Weekly inventory change (Feb.

Mortgage 505

Mortgage Inventory New Listings Housing Market 505

Housing Wire

DECEMBER 14, 2024

Additionally, our pending contracts are still reflecting double-digit year-over-year growth. Weekly pending sales The weekly pending contract data from Altos Research gives us a great peek into real-time housing demand. Weekly housing inventory data We are experiencing a seasonal decline in housing inventory , which seems normal.

Mortgage 448

Mortgage Inventory New Listings Contracts 448

Portland Appraisal Blog

DECEMBER 24, 2024

PEARL DISTRICT SUMMARY STATISTICS Taking the 35,000-foot view, we can see the average yearly prices have been steadily declining since 2016: Average prices this year are essentially the same as they were in 2015. Question: When do you think the Pearl District will finally absorb all the excess inventory?

Marketing 88

Marketing Advertising Appraisal Inventory 88

Housing Wire

AUGUST 23, 2022

The builders are in a better position to manage their inventory glut than when they were working from a credit boom in 2005 that took new home sales up to 1.4 We had missed sales estimates in 2013, 2014 and 2015. Tuesday’s new home sales report shows only 511,000 new homes sold. months and above.

Construction 370

Construction Housing Market Sellers Real Estate 370

Housing Wire

AUGUST 31, 2022

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. Productivity declined during the period of 2008-2013, then leveled off, making ever-so-slight improvements from 2015- 2019. By comparison, we are forecasting total volume of about $2.3

Lending 397

Lending Mortgage Real Estate Loan Officers 397

Birmingham Appraisal

JULY 27, 2022

If they didn’t lose out on a contract for the home of their dreams they had to bid the price up way over the list price to even get the attention of sellers who have had an edge in the market since interest rates dropped after the COVID pandemic. Months of Inventory/Active Listings – The months of inventory is on the rise.

Buyers 93

Buyers Inventory Sellers Appraisal 93

Miller Samuel

MARCH 19, 2019

Much of this speculation is being driven by two factors: sparse supply, due to the absorption of the inventory left over from the last boom, and fast-rising prices. January: The closing of the $238,000,000 Manhattan condo sale in January (2015 contract). November: Control of the New York State Senate flipped.

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Real Estate Law Development Investors 370

Lamacchia Realty

JANUARY 25, 2024

This created an extreme scarcity of inventory and contributed to elevated prices, but it also led to a 22% decrease in the number of sales, leaving buyers eager. The resilience can be attributed mostly to the decrease in inventory. The number of homes placed under contract (pending, just singles and condos) decreased by 18.9%

Inventory 48

Inventory Sellers Buyers Contracts 48

Appraisal Today

JUNE 14, 2024

acre lot, Built in 2015 $115 million mega mansion said to be owned by investors Paul Kessler and Diana Derycz-Kessler, known for their luxury candy company Sugarfina, is far and away this week’s most expensive listing on Realtor.com®. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.60 percent from 0.3

Appraisal 72

Appraisal Sellers Contracts Insurance 72

Lamacchia Realty

JANUARY 27, 2023

in Massachusetts The 2022 Massachusetts Year in Review Housing Report breaks down average prices, sales, inventory, new active listings, and pending sales for 2022 compared to 2021 and illustrates what that means for the current market. Market adjustments, global pandemics, and anemic inventory are not for the faint of heart.

Inventory 57

Inventory Buyers Real Estate Sellers 57

Appraisal Today

SEPTEMBER 8, 2023

Still on the market for the same amount in 2015, the eye-popping property ranked as one of the most viewed homes on Realtor.com®. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.21 The average contract interest rate for 5/1 ARMs decreased to 6.33

Appraisal 80

Appraisal Contracts Business Construction 80

Appraisal Today

DECEMBER 8, 2023

The process took several years of securing building permits, and the house was completed in 2015. That’s partly because sale-price data is a lagging indicator, reflecting deals that went under contract a month or two ago. Weekly housing-market data goes back through 2015. The four-bedroom, 4.5-bath percent the previous week.

Appraisal 67

Appraisal Real Estate Contracts Design 67

Appraisal Today

FEBRUARY 9, 2024

Bradley, SRA, CDEI In September of 2015, FHA revised Handbook 4000.1 Homebuilders have been offering sizable concessions, including money for mortgage rate buydowns, to attract bidders and offload inventory. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.57 By Daniel A.

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Appraisal Contracts Insurance Construction 80

Birmingham Appraisal

JUNE 28, 2022

The lower days on market reflect the speed at which the available inventory is being purchased. 5) Months of Supply – Beginning in 2020 we have seen lower months of inventory each year and 2022 is no exception. Related posts: Hillsboro Subdivision, Helena, AL-Home Sales, March 2014-2015. Question.

Real Estate 52

Real Estate Marketing Inventory Sellers 52

Appraisal Today

MAY 10, 2024

Appraisers must consider broader economic indicators, such as inflation rates and GDP growth, in tandem with localized market conditions, including inventory levels and median price changes, to provide accurate and timely valuations. From 2015 to 2018, there were 5 significant fires. He could not get back to his home. percent from 7.29

Reconsideration of Value 73

Reconsideration of Value Appraisal Real Estate Insurance 73