Appraisal Buzz

FEBRUARY 11, 2025

New Redfin data reported the largest gain since the end of last year occurred in the four weeks ending February 2, when new listings of homes for sale in the U.S.increased 7.9% A larger pool of options is becoming available to homebuyers as a result of the increase in new listings and the decline in sales.

New Listings 248

New Listings Agents Sellers Housing Market 248

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 503

Inventory New Listings Sellers Mortgage 503

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. That’s a swing of 17% fewer sellers in just a matter of days.

Mortgage 459

Mortgage New Listings Inventory Sellers 459

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

JULY 13, 2024

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. It is a bit shocking to me that new listings this week are lower than even last year: This is the lowest new listing week ever recorded.

Mortgage 514

Mortgage New Listings Inventory Contracts 514

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 508

Mortgage Inventory Marketing New Listings 508

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 521

Inventory New Listings Housing Market Mortgage 521

Housing Wire

DECEMBER 23, 2023

However, one thing is sure: from 2020 to 2023 we never saw credit-stressed home sellers. While inventory levels are still too low for my taste, it’s good that we are not at 2022 levels when we only had 240,194 total active single-family listings for Americans to buy. Weekly inventory change : (Dec.15-22)

Housing Market 538

Housing Market Marketing Inventory New Listings 538

Housing Wire

MARCH 23, 2024

The growth isn’t just in active inventory but also new listings. We’re not seeing seller stress in the inventory data but just a typical increase in inventory when rates are higher, which looks perfectly normal. 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

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

JUNE 10, 2024

What’s not measured in the FHFA paper is how by 2023, seller volume had already been declining for nearly a decade. By Q1 2015, more than 60% of American homeowners with mortgages had rates locked in under 5%. In that period, we can see seller volume decreasing as more and more Americans had mortgages under 5%.

Mortgage 468

Mortgage Inventory New Listings Sellers 468

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 525

Inventory Housing Market Marketing New Listings 525

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 493

Inventory New Listings Mortgage Housing Market 493

Housing Wire

JULY 20, 2024

The seasonal decline in new listings will begin soon and we will see if we get fewer sellers in the second half of the year than the current trend. With more sellers who are buyers, we have a tad more demand this year. So far the weekly high print in 2024 is only 72,329.

Inventory 526

Inventory New Listings Contracts Mortgage 526

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 537

Inventory Mortgage New Listings Buyers 537

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 520

Mortgage Inventory New Listings Housing Market 520

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. Here is a look at inventory last week: Weekly inventory change (Feb.

Inventory 535

Inventory Mortgage New Listings Housing Market 535

Housing Wire

DECEMBER 2, 2023

18): Inventory fell from 564,571 to 550,302 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 1,081,712 The one positive inventory story in 2023 is that we formed a bottom in the new listings data! Weekly inventory change (Nov.

Mortgage 543

Mortgage Inventory New Listings Sellers 543

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 518

Mortgage Inventory New Listings Housing Market 518

Housing Wire

JUNE 22, 2024

Now, context is critical; 2023 new listings data was at the lowest levels ever and 2024 looks to be second in the book. With more sellers who are buyers, we have a tad more demand this year. While we aren’t back to the usual trend we had between 2013 and 2019, the fact that we had growth is a plus.

Mortgage 481

Mortgage Inventory New Listings Contracts 481

Housing Wire

JANUARY 13, 2024

So let’s hope for more home sellers in 2024. 6-13): Inventory rose from 471,349 to 473,406 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 931,002 I don’t want to jinx this because active inventory rose last year at this time.

Inventory 534

Inventory New Listings Retail Mortgage 534

Housing Wire

SEPTEMBER 15, 2024

Since most sellers are buyers, this data must return to normal before seeing real, long-lasting sales growth. 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

JANUARY 6, 2024

Now that mortgage rates have fallen and as we start the brand new year, we need to focus on this data line more. I believe we should get more sellers in 2024 than in 2023, but that doesn’t necessarily mean home prices will fall. Both these years were the lowest new listing levels before rates rose, so it’s not asking for much.

Inventory 542

Inventory New Listings Housing Market Mortgage 542

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

MAY 14, 2023

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. Here’s a quick rundown of the last week: Total active listings grew 662 weekly, and new listing data is still trending at all-time lows. This doesn’t appear to be the case for 2023.

Housing Market 488

Housing Market Marketing Inventory New Listings 488

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

NOVEMBER 11, 2023

We saw some good growth this week, and hopefully, in 2024, we can close the gap and get back to 2021-2022 data on new listings. That is the critical period for new listing data to grow; remember, most sellers are buyers. Weekly inventory change (Nov.

Inventory 505

Inventory New Listings Mortgage Retail 505

Housing Wire

DECEMBER 16, 2023

This is what we see, and it’s much needed; we need more new listings and not fewer. New listings data for last week in the last several years: 2023: 39,613 2022: 34,973 2021: 39,936 Traditionally, one-third of all homes will have price cuts before they sell. Weekly inventory change : (Dec.

Inventory 536

Inventory New Listings Mortgage Law 536

Housing Wire

SEPTEMBER 28, 2024

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. 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 525

Mortgage Inventory New Listings Contracts 525

Housing Wire

JULY 6, 2024

Here are the new listings for last week over the past few years: 2024 71,181 2023: 58,289 2022: 89,221 Price-cut percentage In an average year, one-third of all homes take a price cut — this is standard housing activity. With more sellers who are buyers, we have a tad more demand this year.

Housing Market 476

Housing Market Mortgage Inventory Marketing 476

Housing Wire

FEBRUARY 4, 2024

New listings were trending at the lowest levels ever in 2023, but that should not be the case in 2024. New listings were trending at the lowest levels ever in 2023, but that should not be the case in 2024. Never forget most sellers are buyers of homes as well, especially if the economy isn’t in a job loss recession.

Inventory 523

Inventory Mortgage New Listings Housing Market 523

Housing Wire

SEPTEMBER 22, 2024

Since most sellers are buyers, this data must return to normal before seeing real, long-lasting sales growth. 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 525

Mortgage Inventory New Listings Contracts 525

Housing Wire

OCTOBER 5, 2024

28-Oct 5): Inventory rose from 534,746 to 537,032 The all-time inventory bottom was in 2022 at 240,497 The yearly inventory peak for 2024 is 734,290 For some context, active listings for this week in 2015 were 1,169,733 New listings data New listings data has been another positive story in 2024, as we needed more sellers!

Mortgage 511

Mortgage Inventory New Listings Retail 511

Housing Wire

APRIL 9, 2023

Active inventory rose by 823 single-family homes and new listing data is trending at all-time lows. New listing data rose last week but is still trending at all-time lows in 2023. The last thing the housing market needs is for new listing data to decline, so the growth we saw last week is a plus.

Housing Market 540

Housing Market Marketing Mortgage Inventory 540

Housing Wire

NOVEMBER 18, 2022

Seasonal impacts are the norm with housing, and new listing data is negative 6% year to date. We saw new listing data decline when rates got to 6.25% the first time. A traditional seller is primarily a homebuyer, so not only do we lose the inventory for sale when this happens, but we also lose a buyer. months to 3.3

Inventory 493

Inventory Marketing Housing Market New Listings 493

Housing Wire

JULY 2, 2023

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. A traditional seller is also a traditional buyer, and certain homeowners have refused to buy their next home with mortgage rates above 6%.

Inventory 482

Inventory Housing Market Marketing New Listings 482

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