Housing Wire

DECEMBER 21, 2024

Federal Reserve Chairman Jerome Powell played the Grinch last week for the housing market, sending mortgage rates higher after his remarks at the Fed presser on Wednesday. This positive trend suggests that despite the typical slowdowns, the housing market is showing some promising resilience as we head toward the end of the year!

Housing Market 505

Housing Market Marketing Inventory New Listings 505

Housing Wire

MAY 21, 2023

It was a wild ride for the housing market last week! New listings data fell, however, active inventory grew. Here’s a quick rundown of the last week: Total active listings grew by 3,809 weekly, but new listings are still trending at all-time lows. Purchase application data fell 4.8% million to 1.04

Housing Market 511

Housing Market Marketing Inventory New Listings 511

Housing Wire

APRIL 27, 2024

This isn’t saying too much since 2023 had the lowest recorded level of new listings ever, but it’s still a plus in my book. However, I believe bond traders were expecting something hotter than the month-to-month core CPI print of 0.3%, thus the bond market rallied and sent yields lower. 2022: 19.2%

Inventory 514

Inventory Housing Market Marketing New Listings 514

Housing Wire

AUGUST 27, 2023

Did the recent move in higher mortgage rates impact the new listings data more than normal? I hope this isn’t the case, but we had a noticeable move lower in new listings last week. Weekly active listings rose by only 6,618. The Fed spoke at Jackson Hole last Friday but that didn’t move mortgage rates much.

New Listings 370

New Listings Mortgage Inventory Marketing 370

Housing Wire

DECEMBER 23, 2023

housing market and that they need to be pro-housing again. Even with all the drama we have dealt with in 2022-2023, the housing market stayed intact and never broke. This got tested in 2023 with 8% mortgage rates ; not only did that not happen, but the new listing data was very stable, meaning it was forming a bottom.

Housing Market 538

Housing Market Marketing Inventory New Listings 538

Housing Wire

MAY 7, 2023

Just when I thought it was safe to say we were getting more traditional spring housing inventory , we hit a snag last week, as active inventory and new listings declined. New listing data was trending at all-time lows in 2021 abd 2022 and now it’s creating a new all-time low trend in 2023.

Inventory 505

Inventory Housing Market Marketing New Listings 505

Housing Wire

APRIL 16, 2023

The seasonal housing inventory bottom evaded us again last week as active listings fell and new listing inventory decreased. Here’s a quick rundown of the last week: Active inventory fell 5,383 last week, and new listing data is still trending at all-time lows in 2023.

Inventory 539

Inventory Housing Market Marketing New Listings 539

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. I know it’s not a lot, but growth is growth.

Housing Market 511

Housing Market Inventory Marketing New Listings 511

Housing Wire

JULY 9, 2023

This is truly a savagely unhealthy housing market as we have too many people chasing too few homes. The weekly active listing data had a rare week-to-week decline. The other big story in housing has been that new listing data has been trending at the lowest levels recorded in history for 12 months. If we start from Nov.

Inventory 501

Inventory Housing Market Marketing New Listings 501

Housing Wire

MAY 14, 2023

The rise of active listings in this spring housing market reminds me of a zombie slowly rising from its grave. Yes, we found the seasonal bottom for housing inventory on April 14, but this year’s rise in active listings has been tepid at best. Can you imagine the housing market at that point?

Housing Market 488

Housing Market Marketing Inventory New Listings 488

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. My 2023 inventory forecast needs a lot of help, as new listing data isn’t growing at all still.

Inventory 513

Inventory Housing Market Marketing New Listings 513

Housing Wire

APRIL 9, 2023

The housing market welcomed the news of lower mortgage rates last week after four reports showed that the labor market isn’t as tight as it seems and that the fear of 1970s-entrenched inflation was a lousy narrative. Active inventory rose by 823 single-family homes and new listing data is trending at all-time lows.

Housing Market 540

Housing Market Marketing Mortgage Inventory 540

Housing Wire

JUNE 4, 2023

Here’s a quick rundown of the last week: Active inventory grew 3,180 weekly , and new listing data fell week to week and is still trending at an all-time low in 2023. However, I am grateful we even saw some traditional spring inventory growth this year because new listing data is trending at all-time lows.

Inventory 468

Inventory Housing Market Marketing New Listings 468

Housing Wire

JUNE 15, 2024

I got one good crumb from the Fed meeting that made me smile: Powell finally admitted that the labor market isn’t tight anymore, which is a beneficial statement for rates down the line if the labor data gets weaker. As most sellers are buyers, seeing more sellers listing their homes has been good.

Mortgage 508

Mortgage Inventory Marketing New Listings 508

Housing Wire

JUNE 18, 2023

Active housing inventory grew while new listing data fell. This dynamic changed the housing market from one where home sales were crashing to one that is now stabilized. 9 is a critical date because that’s when the housing market turned. 9 is a critical date because that’s when the housing market turned.

Housing Market 505

Housing Market Marketing Inventory New Listings 505

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. Active inventory fell 1,109, and new listing data made a lovely comeback week to week but was still noticeably down year over year. In a regular market, they would be closer to 5.25%.

Inventory 476

Inventory Housing Market Marketing Mortgage 476

Housing Wire

JULY 6, 2024

This is precisely what the doctor ordered for the housing market. In March of 2022, we only had 240,000 active single-family homes available for sale, leading me to call the housing market savagely unhealthy as we simply had too many people chasing too few homes. Last week, we returned close to recent lows.

Housing Market 476

Housing Market Mortgage Inventory Marketing 476

Housing Wire

APRIL 3, 2023

Last week was relatively calm for the housing market after the fiasco of the banking crisis. Active inventory fell by 3,141, and new listing data fell again and is still trending at all-time lows. The banking crisis has stressed the mortgage backed securities market , pushing rates higher than usual.

Inventory 505

Inventory Housing Market Marketing New Listings 505

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. months to 3.3

Inventory 493

Inventory Marketing Housing Market New Listings 493

Housing Wire

SEPTEMBER 16, 2023

The last four weeks of new listings data have been the most volatile since mortgage rates breached 6% in 2022. One week, we had the biggest decline in new listings data all year, which might indicate Americans are giving up on listing their homes. What’s going on with housing inventory ? 18: 60,295 Aug.

Inventory 505

Inventory New Listings Housing Market Mortgage 505

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. How I look at rates is intertwined with how I look at the bond market.

Housing Market 543

Housing Market Marketing Inventory New Listings 543

Housing Wire

NOVEMBER 23, 2024

24): Inventory fell from 569,898 to 565,875 The all-time inventory bottom was in 2022 at 240,497 The inventory peak for 2024 so far is 739,434 For some context, active listings for this week in 2015 were 1,104,310 New listings data While active inventory didn’t rise, we did get a nice boost in new listings this last week.

Mortgage 514

Mortgage Inventory New Listings Contracts 514

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.

Housing Market 476

Housing Market Marketing Inventory New Listings 476

Housing Wire

JUNE 25, 2023

However, the real positive story here is that even with new listing data trending at an all-time low, we are getting the growth in active listings we traditionally see in the spring and summer. In addition, new listing data turned negative year over year after the second half of 2022.

Inventory 435

Inventory Housing Market Marketing New Listings 435

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.

Inventory 521

Inventory New Listings Housing Market Mortgage 521

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. We had new listings growth from 2021 to 2022, but that’s not the case this year.

Inventory 482

Inventory Housing Market Marketing New Listings 482

Housing Wire

DECEMBER 7, 2024

Let’s get into the holiday spirit with this week’s Housing Market Tracker data! Oddly enough, it wasnt jobs week data that moved the bond market this week, but the ISM service index, which came in soft and sent bond yields lower more aggressively. However, like most housing data, this information is quite seasonal.

New Listings 505

New Listings Inventory Contracts Housing Market 505

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. The growth isn’t just in active inventory but also new listings. When mortgage rates fall, demand picks up.

Mortgage 521

Mortgage Inventory New Listings Housing Market 521

Housing Wire

MAY 4, 2024

I wish new listings were growing faster, but I will call it a victory nonetheless. We saw a slight decline in new listings data week to week. We saw a slight decline in new listings data week to week. For now, I will chalk this up to the seasonal choppiness we sometimes see with inventory data.

Inventory 501

Inventory Mortgage New Listings Marketing 501

Housing Wire

JANUARY 4, 2025

5): Inventory fell from 513,240 to 499,143 The all-time inventory bottom was in 2022 at 240,497 The inventory peak for 2024 was 739,434 For some context, active listings for the same week in 2015 were 959,028 New listings I am very excited about the new listings data this year. Weekly inventory change (Dec.

New Listings 508

New Listings Inventory Contracts Mortgage 508

Housing Wire

JULY 30, 2023

Last week inventory growth dropped and new listing data declined again. Two weeks ago we had some good movement with active listings growing almost 9,000 , but last week that fell to just 4,988, and new listings data also fell. Instead, new listings data had a small decline last week.

Housing Market 370

Housing Market Marketing Inventory New Listings 370

Housing Wire

JULY 13, 2024

The homebuilders have shown us how a sub-6 % mortgage rate can grow sales — it shouldn’t be any different for the existing home sales market. The seasonal decline period is starting soon, so we should get accustomed to seeing a decline in new listing data as the year heads toward its end.

Mortgage 514

Mortgage New Listings Inventory Contracts 514

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.

Mortgage 501

Mortgage Inventory New Listings Housing Market 501

Housing Wire

MAY 25, 2024

I have been slightly disappointed in the new listing data only because I was sure we would get a print above 80,000 this year and was hoping for a range of 95,000-110,000 in the peak seasonal period. Remember, for next week, new listings data will take a Memorial Day hit lower as it does each year, and then it rebounds.

Inventory 521

Inventory Mortgage New Listings Marketing 521

Housing Wire

JUNE 8, 2024

The labor market has gotten softer but hasn’t broken yet. 10-year yield and mortgage rates Last week, the labor data, a vital driver of the 10-year yield and mortgage rates, significantly influenced the market. I did an in-depth analysis of Jobs Week, complete with charts, discussing the labor market’s softening trend.

Mortgage 508

Mortgage Inventory New Listings Contracts 508

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%.

Mortgage 459

Mortgage New Listings Inventory Sellers 459

Housing Wire

MARCH 30, 2024

The best housing story in 2024 is that inventory is growing — both active inventory and new listings. Still, new listing data is a positive story. Still, new listing data is a positive story. However, the markets were closed Friday, so we have to wait and see how trading goes on Monday.

Inventory 501

Inventory New Listings Mortgage Housing Market 501