Housing Wire

APRIL 16, 2023

2021: 66,836 2022: 67,567 2023: 49,045 Compare our current new listing data to weekly new listing data in previous years when we had a more normal housing market: 2015: 94,470 2016: 86,608 2017: 78,886 The NAR data going back decades shows how difficult it’s been to get back to anything normal on the active listing side.

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Inventory Housing Market Marketing New Listings 538

Housing Wire

DECEMBER 28, 2020

From this stronghold I have been able to see past the chaos and view the economy and the future of the housing market through the lens of my core economic principles. entered into a period of the best demographics for housing ever recorded. million, my number for an outperforming market. In 2020, the U.S.

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Housing Market Marketing Law Mortgage 545

Housing Wire

JULY 2, 2023

We have often discussed that the housing market dynamics changed starting Nov. This is one data line I will track like a hawk because it will be a negative for the housing market if this data line makes a noticeable year-over-year decline trend in the second half of 2023.

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Inventory Housing Market Marketing New Listings 458

Housing Wire

MARCH 6, 2023

The housing market faced some serious obstacles last week as the 10-year yield broke over 4%, mortgage rates rose to over 7%, purchase apps fell again and we are still trying to find the elusive seasonal bottom for housing inventory. Here is a look at last year’s seasonal housing inventory increase using the NAR data.

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Inventory Housing Market Marketing New Listings 500

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 11, 2023

Here are the number of new listings for this week over the last several years for perspective: 2021: 79,827 2022: 86,625 2023: 63,583 After 2010, housing inventory can grow in the U.S., but it needs weakness in demand and days on market to grow so inventory can accumulate. What we want to hear is the language from Chairman Powell.

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Inventory Housing Market Marketing New Listings 517

Housing Wire

APRIL 3, 2023

Last week was relatively calm for the housing market after the fiasco of the banking crisis. Housing demand grew and inventory levels fell again while mortgage rates rose. The banking crisis has stressed the mortgage backed securities market , pushing rates higher than usual. Mortgage rates rose to 6.57%.

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Inventory Housing Market Marketing New Listings 491

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. In a typical marketplace, the days on market are more than 30 days.

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Housing Market Marketing Inventory New Listings 450

Housing Wire

JULY 16, 2023

The labor market remains healthy as long as jobless claims trend below 323,000 on the four-week moving average. In a normal market, mortgage rates would easily be under 6% with the 10-year yield where it is. Weekly housing inventory We had mild inventory growth last week and new listing data is trending at the lowest levels ever.

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Housing Market Marketing Inventory New Listings 370

Housing Wire

JULY 30, 2023

I believe the only way we get below 3.21% on the 10-year yield is for the labor market to break, and that would require jobless claims to get over 323,000 on the four-week moving average, which hasn’t happened. With the 10-year yield close to 4%, it will be a critical week for the bond market.

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Housing Market Marketing Inventory New Listings 370

Housing Wire

JUNE 25, 2023

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. Nothing good is happening in housing when days on market are so low. Also, NAR updated its inventory report showing a year-over-year decline in inventory.

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Inventory Housing Market Marketing New Listings 410

Housing Wire

MARCH 16, 2024

I can’t see the 10-year yield below 3.37% unless the labor market breaks — meaning jobless claims over 323,000 on the four-week moving average. That means I can’t see mortgage rates going below 6%, especially with the spreads being bad, until the labor market or the economy gets weaker.

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Housing Wire

JULY 23, 2023

The slow rise of housing inventory this year has made the existing home sales market savagely unhealthy again. I believe the only way we get below 3.21% on the 10-year yield is for the labor market to break, and that would require jobless claims to get over 323,000 on the four-week moving average, which hasn’t happened.

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Inventory Housing Market Marketing New Listings 370

Housing Wire

OCTOBER 20, 2022

Real estate investors purchasing distressed properties at foreclosure auction have been telegraphing a possible housing market slowdown for the last six months. A deeper dive into foreclosure buyer behavior shows which markets are most likely to see a home price correction in the next six months. Price Correction Risk by Region.

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Housing Market Buyers Marketing Investors 432

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? This bond market is screaming at the Fed to cut rates.

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Housing Market Marketing Inventory New Listings 384

Housing Wire

MARCH 12, 2023

Last week was wild, and not just for the housing market. This assumes the spreads are wide as the mortgage back securities market is still very stressed. Do they even want to risk more stress in the markets? We also have two housing reports: the builder’s confidence and housing starts this week.

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Housing Market Mortgage Marketing Inventory 370

Housing Wire

NOVEMBER 15, 2021

The positive performance of the HECM book of business is largely attributed to the levels of house price appreciation that the U.S. housing market has seen recently. The post 2021 MMI Report: Reverse mortgage portfolio hits positive territory for first time since 2015 appeared first on HousingWire.

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Mortgage Insurance Finance Development 380

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. Our previous best year for HELOCs was 2015, and that was about $320 million,” he added.

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Housing Market Marketing Contracts Lending 370

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

AUGUST 4, 2024

Mortgage rates moved massively lower last week without any Federal Reserve rate cuts, primarily because the labor market is getting softer. As we can see below, when the market priced economic weakness earlier in 2024, it took the 10-year yield down toward 3.80% but didn’t break that level. Can mortgage rates go even lower?

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Mortgage Inventory New Listings Housing Market 511

Housing Wire

DECEMBER 30, 2023

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housing market and which factors to follow.

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Inventory New Listings Housing Market Mortgage 515

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

NOVEMBER 8, 2023

“The largest, undisrupted market in the U.S.,” Opendoor set out on its disruptive journey in 2014, and Offerpad followed soon after in 2015. The volatility and unprecedented nature of the market, weakened Zillow’s price forecasting, crippling its ability to buy low and sell high.

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Marketing Inventory Renovations Investors 421

Housing Wire

MAY 3, 2021

That information is still critical this year, that’s why we’ve invited Doug Duncan , senior vice president and chief economist at Fannie Mae , to speak at HousingWire’s virtual Engage Marketing event on June 17. At Fannie Mae, Duncan is responsible for forecasts and analyses of the economy and the housing and mortgage markets.

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Marketing Design Real Estate Housing Market 370

Housing Wire

JUNE 6, 2022

At CoreLogic, Nothaft headed the office of the economist, providing analysis, commentary and forecasting trends in global real estate, insurance and mortgage markets. Prior to joining CoreLogic in 2015, Nothaft had a nearly 30-year career at Freddie Mac, where he was most recently the chief economist. Henry Wallich.

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Real Estate Housing Market Insurance Mortgage 450

Housing Wire

OCTOBER 21, 2023

The haunted house ride with the bond market and mortgage rates continued this week, but one housing data line hasn’t been spooked. Weekly housing inventory data One of my concerns with higher rates has been whether new listings data would take another leg lower, which wouldn’t be a good thing for the housing market.

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New Listings Mortgage Inventory Housing Market 537

Housing Wire

SEPTEMBER 16, 2023

9): Inventory rose from 547,222 to 552,042 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 so far is 518,626 For context, active listings for this week in 2015 were 1,201,196 One of the data lines I will incorporate weekly going forward is the price cut percentage. However, we haven’t gotten that data just yet.

Inventory 491

Inventory New Listings Housing Market Mortgage 491

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 488

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%. Also, the bond market has shown that it doesn’t want to go lower unless it needs to, so how the bond market reacts to the data this week is going to be very interesting!

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Mortgage Inventory New Listings Contracts 520

Housing Wire

JUNE 1, 2024

So, what does this all mean for the housing market and the future of mortgage rates? If we witness more softness in the labor market, the 10-year yield and the labor data will eventually force the Fed’s hand. However, the Fed wouldn’t mind seeing mortgage rates lower when the labor market breaks.

Mortgage 505

Mortgage Inventory New Listings Housing Market 505

Housing Wire

JUNE 9, 2023

In 2022, mortgage rates got as high as 7.37%, so the question was: how low do rates have to go for housing demand to get better? On June 16, 2022, I put the housing market into a recession , which is where housing demand, housing jobs, housing income and housing production all drop. Since Nov.

Inventory 546

Inventory Housing Market New Listings Mortgage 546

Housing Wire

MAY 11, 2024

Mortgage rates and the bond market have fallen a bit recently and the spreads between the 10-year yield and 30-year mortgage rate have improved over last year’s levels. To see mortgage rates drop and stay lower, the bond market needs to know the labor market is getting softer. That’s a 0.50% difference in rates.

Mortgage 457

Mortgage Inventory New Listings Housing Market 457

Housing Wire

SEPTEMBER 24, 2023

In addition, jobless claims data had another solid print, showing that the labor market hasn’t broken yet, which led to more selling of the 10-year yield. On housing inventory , new listings data saw a small decline last week, but active listings grew at a healthy clip. According to Altos Research : Weekly inventory change (Sept.

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Mortgage Inventory New Listings Housing Market 483

Appraisal Buzz

JULY 16, 2024

Updating a survey that was previously conducted in 2015, 2018, and 2023, Fannie Mae released the results of a consumer survey that uncovered opportunities to close knowledge gaps around mortgage qualifications and underscored the need to continue to improve education around the mortgage buying process.

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Government Mortgage Housing Market Investing 397

Housing Wire

MAY 15, 2024

housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. By Q1 2015, more than 60% of American homeowners with mortgages had rates locked in under 5%. This was a supply-constrained market.

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Mortgage New Listings Inventory Sellers 430

Housing Wire

MARCH 23, 2024

Imagine a housing market with just 6% mortgage rates or lower — it would be growing like what we see in the new home sales market. Weekly housing inventory data The best housing story for 2024 so far is that inventory is growing yearly. Year to date, we have had four positive prints versus six negative prints.

Mortgage 515

Mortgage Inventory New Listings Housing Market 515

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. So where does all that drama leave us for 2023? Mortgage rates.

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Housing Market Marketing Inventory New Listings 543