Housing Wire

DECEMBER 16, 2024

As the year draws to a close, available unsold inventory of homes on the market is nearly 27% greater than a year ago. Ten states have more inventory unsold than in 2019, which was the last sort of normal year before the pandemic. Inventory is still very tight in places like Chicago and New England, but it is rising in these markets.

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Inventory Housing Market Marketing Sellers 408

Housing Wire

OCTOBER 8, 2021

Renovated Inventory to the Rescue. After renovation , these homes sold for 28% below the average sales price of all existing home sales nationwide, according to an Auction.com analysis of nearly 100,000 homes that sold on its platform between 2018 and 2020. Top Markets for Renovated Inventory. Among 75 U.S. in Cincinnati to 4.4

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Renovations Inventory Marketing Property Taxes 542

Housing Wire

DECEMBER 8, 2021

2 million , we could be at risk of housing inventory falling to such low levels that I would have to categorize this housing market as unhealthy. We can see that inventory falling to such low levels has created unhealthy home-price growth in both 2020 and 2021. Inventory fades in the fall and winter and picks up in summer and spring.

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Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. Total housing inventory fell in this report, the third report in a row that shows total inventory has decreased.

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Inventory Marketing Housing Market New Listings 487

Housing Wire

MAY 10, 2022

The relative pressure of supply vs. demand in the housing market is gauged by the level of active inventory. Like dropping barometric pressure, plunging inventory usually foretells stormy conditions: Faster price growth and faster sales. But the market is so overheated right now that it will take some time to achieve this balance.

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Inventory Housing Market Construction Sellers 411

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. I discussed my theory on why inventory bottoms out later in the year on this HousingWire Daily podcast.

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Inventory Housing Market Marketing New Listings 443

Housing Wire

MARCH 29, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

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Inventory Housing Market Marketing Modernization 435

Housing Wire

FEBRUARY 7, 2024

With mortgage rates briefly topping 8% and home prices breaking records throughout the year, many would-be sellers simply decided not to bother listing their homes, exacerbating already tight inventories. This squeezed inventory even further throughout 2022 and 2023, pushing home prices to record highs month after month.

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Inventory Sellers Mortgage Marketing 418

Housing Wire

FEBRUARY 6, 2023

Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. Weekly Housing Inventory A few weeks ago, I was encouraged that we had a slight increase in inventory and a small decline the following week. This week inventory fell 8,664 units from the previous week.

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Inventory Housing Market Marketing New Listings 465

Housing Wire

AUGUST 21, 2023

Buyers in this real estate market notice these affordability changes, and so we can see in the data fewer home purchase offers, slightly climbing unsold inventory, and slightly more price reductions for the homes that are on the market. Rising rates make more inventory. So how much inventory will we add this fall?

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Housing Wire

MARCH 14, 2022

More expensive money also meant fewer investors holding homes so inventory would climb too. Fortunately we have 2018 as a guide to understand the impact of rising interest rates on the housing market in 2022. From September 2017 through November 2018, the 30-year mortgage rate rose from 3.8% Inventory will inch up… but not much.

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Housing Market Marketing Inventory Investors 488

Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I We are seeing a healthy increase in inventory, which we really needed.” Smith attributes the uptick in inventory to a bump in new listings. From 2022 to 2023 alone, rates rose 15%.

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Housing Wire

DECEMBER 10, 2021

Low inventory will continue to be a major issue. Unfortunately for all these eager homebuyers, inventory continues to be at record low levels. You can see from this chart that inventory has been on a downward trajectory for years, and recent strong demand has only accelerated this trend.

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Housing Wire

JANUARY 6, 2025

Altos Research tracks every home for sale in the country every week all the active inventory and pending sales as they happen as well as prices and supply and demand metrics Lets look at this weeks data. Inventory fell There are 635,000 single-family homes unsold on the market now. In 2018, mortgage rates and inventory rose all year.

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Inventory New Listings Contracts Sellers 384

Housing Wire

JANUARY 8, 2025

Available inventory of homes for sale fell each year as more and more borrowers had this cheap financing. 2016 ended with 14% less available inventory than the year before. Not coincidentally, inventory hit record lows none of those homeowners wanted to sell.This has long-term consequences. had these cheap mortgages.

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Mortgage Inventory Finance Sellers 468

Housing Wire

OCTOBER 11, 2022

Inventory, which has been falling for years, broke to all-time lows in 2020. We didn’t have a seasonal push in inventory in 2020, and things worsened in 2021. Of course, this has brought back some inventory, as demand weakness always creates inventory through accumulation. million active listings, but at just 1.28

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Sellers Inventory Housing Market New Listings 514

Housing Wire

DECEMBER 7, 2020

months, builders will halt the rate of growth for new construction plans as they did in 2018 and again for a brief period this year. For now, though, the low inventory means housing starts have legs to move higher. Existing home inventory is also at all-time lows. Unsold inventory sits at an all-time-low 2.5-month

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Inventory Construction Government Housing Market 543

Housing Wire

APRIL 20, 2022

However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. In 2018 when mortgage rates rose, we saw existing home sales trend lower from 5.72 2014 was the last year total inventory grew. million and 6.16

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Housing Market Marketing Inventory Mortgage 499

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. The inventory put a cap on how much business Marquis’ team can do, which is one of the reasons why Marquis is now licensed in 22 states. In our market here in Boston, we have incredibly low inventory.

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Housing Wire

JUNE 8, 2022

2012: What they said: Shadow inventory will cause prices to fall. The reality: Inventory broke down in 2012, and the monthly supply data got below 6.0 The “shadow inventory” was not an issue as it took years to get rid of the distressed supply from the housing bubble years. million of inventory is normal.

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Inventory Housing Market Marketing Mortgage 545

Housing Wire

OCTOBER 26, 2020

When mortgage rates got to 4.75% -5% in 2018, demand fell and inventory for new homes went up. This is what happened in 2018 and this year in the month of April at 6.8 Today, however, inventory looks excellent, standing at 3.6 Anytime inventory dips below 4.3 I predicted peak year-to-date growth of 4.7%

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Construction Inventory Mortgage Technology 545

Housing Wire

APRIL 15, 2022

The home-price growth from 2020 through 2022 has been so unhealthy that I’ve labeled this a savagely unhealthy housing market as inventory has once again collapsed on a year-over-year basis in 2022. Inventory is still showing negative year-over-year data. 2014 was the very last year total housing inventory grew in America.

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Housing Market Marketing Mortgage Inventory 509

Housing Wire

MARCH 23, 2022

Second, because of the downtrend in inventory since 2014 and the demand pick-up we will see in the years 2020-2024, we had a risk of home prices accelerating too much. As you can see below, the new home sales market from 2018-2022 doesn’t look like the housing market we had from 2002-2005. First, total home sales should be 6.2

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Mortgage Inventory Housing Market Construction 462

Housing Wire

JULY 20, 2022

But, there is one bright spot — inventory is rising. This has been a concern of mine after the summer of 2020 as inventory levels were breaking all-time lows, facilitating unhealthy home price growth during a more prominent demographic patch in U.S. The one positive: Inventory is rising. Once total inventory levels reach 1.52-1.93

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Inventory Housing Market Marketing Realtors 518

Housing Wire

JULY 20, 2021

In 2018-2019, total housing market inventory was in the range between 1.52 million, and that level of inventory helped to drive real home-price growth in 2019 into negative territory briefly. New listings are also up 4% year over year, meaning more properties are hitting the housing market for buyers to bid on. million and 1.92

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Housing Market Marketing Inventory Construction 511

Housing Wire

JULY 13, 2021

In 2018-2019, total housing inventory was in the range between 1.52 million, and that level of inventory helped to drive real home-price growth in 2019 into negative territory briefly. million and 1.92 Existing home sales during those years stayed in the monthly sale range of 4.98 million to 5.61 million to 5.61

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Inventory Housing Market Real Estate Agent Buyers 511

Housing Wire

DECEMBER 23, 2020

We don’t need to be concerned about the moderation in the new home sales data because inventory is still low. ” I’m sure you’ve heard the thesis that low inventory suppresses sales. Home sales have gotten to pre-cycle highs with the inventory at pre-cycle lows. Builder confidence is primarily based on inventory.

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Inventory Construction Housing Market Design 531

Housing Wire

SEPTEMBER 8, 2021

As journalists who cover what is new, we’d love to tell you that, according to the numbers, the vise grip of low inventory and high demand is weakening. Take inventory. Northwest MLS numbers show that throughout 2018 and 2019 the number of homes available for purchase on a given day hovered around 18,000.

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Inventory Real Estate Real Estate Agent Agents 477

Housing Wire

JUNE 9, 2023

history, and because of that, not even low inventory could prevent home prices from declining month to month in the second half of 2022. Now we can talk about the final stage: inventory in the U.S. Housing inventory The No. How would new listing data trending at all-time lows impact the active inventory in 2023?

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Inventory Housing Market New Listings Mortgage 545

Housing Wire

OCTOBER 10, 2023

Inventory continues to grow faster than last year at this time. Higher rates equal more inventory, and lower rates equal less inventory. If mortgage rates were to fall between now and January, expect to see inventory decline again next year like it did for most of this year. That’s up a fraction from last week.

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Mortgage Inventory Contracts Sellers 424

Housing Wire

AUGUST 18, 2020

Back in 2018, when builder confidence took a dive, new homes sales were falling and the monthly supply spiked. We spent parts of 2019 whittling down the excess inventory. Rising monthly supply led many housing bears to predict that 2018 was the peak for housing and home prices would next likely crash.

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Housing Market Marketing Construction Inventory 544

Housing Wire

JULY 26, 2022

They also learned their lesson quickly in 2018 as mortgage rates at 5% were too high for construction growth.” Then in 2018, they had a supply spike as mortgage rates reached 5%. Today, new home sales are back to 2018 levels. They have taken advantage of the low inventory story in 2020 and 2021. percent (±15.0

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Construction Housing Market Inventory Marketing 514

Housing Wire

SEPTEMBER 17, 2021

The report attributes this decrease to the normal seasonal slowdown, causing the shortage of inventory to slow as well. In 2018-2019, total housing inventory was in the range between 1.52 million, and that level of inventory helped to drive real home-price growth in 2019 into negative territory briefly. In August, 58.8%

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Buyers Inventory Real Estate Agent Sellers 460

Appraisal Buzz

SEPTEMBER 10, 2024

Realtor.com’s Sixth Annual “ Best Time to Buy Report ” examined listing prices, inventory levels, new “fresh” listings, time on market, homebuyer demand, and price reductions, revealing that the “Best Time to Buy” in 2024 will be the week of September 29-October 5. According to Zillow , the average U.S. home value is presently $362,481, up 3.3%

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Inventory Buyers New Listings Marketing 397

Housing Wire

SEPTEMBER 28, 2020

Compare today’s housing market with that in 2018, when mortgage rates were heading toward 5% and monthly supply went above 6.5 A massive home-building plan to increase inventory in order to create better housing affordability would not be in their interest. We haven’t started a year yet at 1.5 million housing starts, but we will soon.

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Inventory Buyers Housing Market Mortgage 504

Housing Wire

JULY 13, 2022

Looking at the housing market in the years 2020-2024, one risk i identified early on was that home prices could accelerate more in this period than we saw in the previous expansion if inventory channels broke to all-time lows. Back then, we had higher sales, higher inventory, and less price growth, but we had a massive credit bubble.

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Inventory Housing Market Mortgage Construction 540

Housing Wire

APRIL 3, 2023

Declining mortgage rates could have improved affordability for buyers in the housing market in February, but instead spurred a demand that, combined with a persistent lack of inventory across the U.S., “In many areas of the country, that dynamic – low inventory and a modest rise in demand – led to an uptick in home prices.”

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