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 502

Inventory New Listings Housing Market Mortgage 502

Housing Wire

AUGUST 24, 2024

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. 2024 is the second-lowest new listing year recorded in history, but we still saw growth from last year, which is a positive. Weekly inventory change (Aug.

Inventory 464

Inventory New Listings Sellers Mortgage 464

Housing Wire

AUGUST 17, 2024

While I didn’t get my minimum target of 80,000 new listings during this year’s peak seasonal weeks, I am pleased we saw growth. While I didn’t get my minimum target of 80,000 new listings during this year’s peak seasonal weeks, I am pleased we saw growth. Weekly inventory change (Aug.

Inventory 518

Inventory Mortgage New Listings Contracts 518

Housing Wire

DECEMBER 30, 2023

Since I believe most home sellers are also homebuyers, once new listings created a new low level after mortgage rates reached over 6% in 2022, it added another layer of home demand falling off a cliff. What we want to see in 2024 is new listing data growing in the spring season. Weekly inventory change (Dec.

Inventory 519

Inventory New Listings Housing Market Mortgage 519

Housing Wire

OCTOBER 13, 2024

Remember that 2023 had the lowest new listings data ever and 2024 will have the second lowest. Here are new listings for last week over the past several years: 2024: 62,876 2023: 57,229 2022: 59,458 Price-cut percentage In an average year, one-third of all homes take a price cut — this is standard housing activity.

Inventory 500

Inventory New Listings Retail Mortgage 500

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. Weekly housing inventory data The best housing story for 2024 so far is that inventory is growing yearly.

Mortgage 521

Mortgage Inventory New Listings Housing Market 521

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. Now lets take a look at the weekly inventory data. the seasonal peak this year was on Nov.

Mortgage 534

Mortgage Inventory New Listings Sellers 534

Housing Wire

APRIL 23, 2023

Here’s a quick rundown of the last week: Active listings rose by 8,546 , and new listing data showed some growth. If that is the case, then this week’s gain in active inventory and new listings needs to be taken with a grain of salt until we get next week’s data. However, I will take what I can now.

Inventory 545

Inventory Housing Market Marketing New Listings 545

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 477

Inventory Mortgage New Listings Marketing 477

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. It doesn’t look like I will reach my assumed easy target of 80,000 new listings. However, the real story is that we see year-over-year growth, which is a plus.

Mortgage 507

Mortgage Inventory New Listings Contracts 507

Housing Wire

MAY 21, 2023

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. However, at this time last year, we saw some new listings growth versus 2021 levels. million to 1.04

Housing Market 510

Housing Market Marketing Inventory New Listings 510

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 510

Inventory Mortgage New Listings Marketing 510

Housing Wire

MAY 15, 2024

After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. In July 2022, new listings volume per week dropped from 90,000 at the end of June to approximately 74,000 just after the July 4th holiday. By Q1 2015, more than 60% of American homeowners with mortgages had rates locked in under 5%.

Mortgage 446

Mortgage New Listings Inventory Sellers 446

Housing Wire

SEPTEMBER 15, 2024

However, I missed my 2024 forecast of at least 80,000 new listings per week this year during the seasonal peak months by roughly 5,000. However, I missed my 2024 forecast of at least 80,000 new listings per week this year during the seasonal peak months by roughly 5,000. Weekly inventory change (Sept.

Mortgage 521

Mortgage Inventory New Listings Retail 521

Housing Wire

SEPTEMBER 24, 2023

On housing inventory , new listings data saw a small decline last week, but active listings grew at a healthy clip. We have had some volatile weekly numbers in the new listings data recently, but even with the mortgage rate spike, the decline was orderly, as it has been all year.

Mortgage 484

Mortgage Inventory New Listings Housing Market 484

Housing Wire

APRIL 30, 2023

Weekly housing inventory Since new listing data was trending at all-time lows in 2023, some feared we wouldn’t see the typical spring inventory increase. After the last few weeks , we can put that fear aside: we are finally getting the seasonal increase in active listing. This link explains the difference and is worth a read.

Inventory 524

Inventory Housing Market Marketing New Listings 524

Housing Wire

OCTOBER 19, 2024

19): Inventory rose from 546,450 to 554,350 The all-time inventory bottom was in 2022 at 240,497 The yearly inventory peak for 2024 is 739,434 For some context, active listings for this week in 2015 were 1,171,775 New listings data New listings data has been another positive story in 2024, as we needed more sellers!

Inventory 504

Inventory New Listings Mortgage Contracts 504

Housing Wire

APRIL 20, 2024

Of course, what is different this year versus last year is that new listing data is growing yearly instead of trending at the lowest levels recorded in history. Last year, when mortgage rates headed toward 8% , we saw no negative hit to the latest listings data, meaning it didn’t take a new leg lower.

Inventory 510

Inventory New Listings Mortgage Finance 510

Housing Wire

APRIL 6, 2024

Weekly housing inventory data — both active inventory and new listings — are prone to one-week moves that deviate from a trend, especially if people are going Easter egg hunting. So, the fact that active inventory and new listings data fell last week isn’t a big deal. However, for now, this is a plus for the U.S.

Inventory 486

Inventory New Listings Mortgage Housing Market 486

Housing Wire

AUGUST 4, 2024

While I didn’t get my minimum target of 80,000 new listings during the peak seasonal weeks this year, it was good to see growth. While I didn’t get my minimum target of 80,000 new listings during the peak seasonal weeks this year, it was good to see growth. Weekly inventory change (July 26-Aug.

Mortgage 517

Mortgage Inventory New Listings Housing Market 517

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. As we head into April, let’s see where we’re at on the Inventory side as are officially into spring.

Inventory 477

Inventory New Listings Mortgage Housing Market 477

Housing Wire

JUNE 15, 2024

As most sellers are buyers, seeing more sellers listing their homes has been good. The only thing about 2024 was that I was 100% sure we would see a seasonal peak print at a minimum of 80,000 and it’s starting to look more and more like it won’t happen this year as the seasonal decline in new listings isn’t far away.

Mortgage 503

Mortgage Inventory Marketing New Listings 503

Housing Wire

FEBRUARY 17, 2024

We should see the seasonal bottom soon and then the traditional increase in active inventory to match the growth in new listings data. This also assumes that new listing data stays on its path for growth year over year. However, 2023 was the lowest new listings data pool ever, which was an unhealthy outcome.

Mortgage 533

Mortgage Inventory New Listings Housing Market 533

Housing Wire

NOVEMBER 25, 2023

18): Inventory fell from 569,571 to 564,571 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 1,104,514 New listings data fell weekly but showed positive year-over-year growth. Weekly inventory change (Nov.

Inventory 536

Inventory Mortgage New Listings Buyers 536

Housing Wire

MARCH 16, 2024

Weekly housing inventory data The one positive story for me in housing this year is that inventory is growing year over year for both active inventory and new listing data. Last year, II picked up on the trend that new listing data was creating a historical bottom as the data line wasn’t heading lower with higher rates.

Housing Market 496

Housing Market Inventory Marketing New Listings 496

Housing Wire

SEPTEMBER 7, 2024

I didn’t get my minimum estimate for peak weekly new listings during the annual seasonal peak of 80,000. I didn’t get my minimum estimate for peak weekly new listings during the annual seasonal peak of 80,000. I was off by roughly 5,000, but still, 2024 is a positive year in my book for new listings.

Mortgage 531

Mortgage Inventory New Listings Marketing 531

Housing Wire

DECEMBER 23, 2023

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. Historically speaking, 2021 and early 2022 were the two lowest ever in new listings data. Weekly inventory change : (Dec.15-22)

Housing Market 537

Housing Market Marketing Inventory New Listings 537

Housing Wire

JANUARY 28, 2024

20-27): Inventory fell from 472,852 to 466,391 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 is 569,898 For context, active listings for this week in 2015 were 938,453 Last week, we saw active inventory fall slightly week to week. 19-26) : Inventory fell from 506,414 to 503,233 Same week last year (Jan.

Inventory 524

Inventory New Listings Mortgage Marketing 524

Housing Wire

SEPTEMBER 28, 2024

However, even though I was roughly off by 5,000 on my minimal new listings forecast in 2024 of 80,000 during the seasonal peak, this is still a positive year compared to 2023. Weekly inventory change (Sept. 27): Inventory rose from 725,249 to 731,017 The same week last year (Sept.

Mortgage 521

Mortgage Inventory New Listings Contracts 521

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.

Inventory 514

Inventory Housing Market Marketing New Listings 514

Housing Wire

SEPTEMBER 1, 2024

25 -Sept 1): Inventory rose from 503,924 to 509,562 The all-time inventory bottom was in 2022 at 240,497 The yearly inventory peak for 2024 was last week at 704,744 For some context, active listings for this week in 2015 were 1,204,810 New listings data New listing data is experiencing its traditional seasonal decline.

Inventory 535

Inventory Mortgage New Listings Housing Market 535

Housing Wire

SEPTEMBER 3, 2023

Mortgage rates did fall, purchase application data rose and new listings data came back to trend. Weekly active listings rose by only 5,654 Mortgage rates went from 7.37% and ended the week at 7.08% Purchase apps rose 2 % week to week Mortgage rates and the bond market The 10-year yield and mortgage rates were wild last week.

Mortgage 482

Mortgage Inventory New Listings Marketing 482

Housing Wire

MARCH 2, 2024

Let’s take a look at the inventory data this year to test this premise, since for many months it has been a working theory of mine that new listings data behavior last year marked a bottom and even going into 2024 we should see more sellers. You can see our debate on this topic here.

Inventory 535

Inventory Mortgage New Listings Housing Market 535

Housing Wire

JUNE 1, 2024

Remember that even though we are showing growth year over year — 2023 was the lowest levels of new listings ever recorded in history. This week, the data did dive, but it was the traditional drop we see during the Memorial Day weekend and we will have a rebound in the data line next week.

Mortgage 486

Mortgage Inventory New Listings Housing Market 486

Housing Wire

SEPTEMBER 10, 2023

Last week we saw a noticeable decline in new listings and active inventory was barely positive. New listing data is getting interesting: two weeks ago, we had a noticeable decline from the trend and then a weekly rebound. Does this mean housing inventory has begun its seasonal decline?

Inventory 506

Inventory New Listings Retail Mortgage 506

Housing Wire

JANUARY 20, 2024

Housing inventory, new listing data and mortgage rates are all rising, but the price cut data percentages are falling. New listings data While new listings data isn’t growing in significant terms year over year — sorry, silver tsunami crowd — it is showing growth year over year. So far, so good in 2024.

Inventory 541

Inventory Mortgage New Listings Sellers 541

Housing Wire

JANUARY 6, 2024

6): Inventory fell from 490,809 to 471,349 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 is 569,898 For context, active listings for this week in 2015 were 959,028 New listings data This is the year we should all be rooting for new listings data to grow.

Inventory 542

Inventory New Listings Housing Market Mortgage 542