Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. How can housing inventory be so low today when it skyrocketed back in 2009? If you follow the trend of housing supply since 2014, it’s been falling every year — with a pause in 2018-2019 — and then collapsed lower post-2020. I don’t believe housing inventory below 1.52

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Housing Wire

JANUARY 12, 2022

Early in 2021, when I was talking about how people should worry about home prices overheating, I had a glimmer of hope that maybe toward the end of 2021 we would be spared another seasonal collapse of inventory. Inventory always falls in the fall and winter, but I hoped it wouldn’t be a repeat of 2020.

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Housing Wire

APRIL 11, 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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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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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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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

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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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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Housing Wire

FEBRUARY 10, 2025

As such, housing inventory isn’t shrinking. This indicates slow market stabilization and continued inventory growth throughout 2025. Fewer weekly sellers implies that well have a cap on inventory growth this year, even though demand is weak. Any inventory growth now is because demand is really weak.

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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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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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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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Housing Wire

DECEMBER 16, 2024

For-sale inventory is now about 26% below the norms of 2018 and 2019, the smallest shortfall since September 2020. Notably, while the flow of new listings to the market is still nearly 14% lower than it was before the COVID-19 pandemic, its much improved to compared to the deficit of 25% in March 2024.

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Housing Wire

JANUARY 14, 2025

Solares joins Compass from her most recent role as senior vice president of sales at Douglas Elliman , where she oversaw $2 billion in high-end inventory. The Georgetown University graduate joined Compass in 2018 as regional public relations leader on the corporate communications team.

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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 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

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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Appraisal Buzz

JANUARY 22, 2025

For-sale inventory continues to recover, but is still 25% below pre-pandemic norms. annually, which is somewhat less than the mid-3% rise observed in 2018 and 2019, while detached home rents are up 4.4%, which is comparable to their trajectory prior to the pandemic. In the meantime, owned home value growth has leveled out at 2.6%

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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

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

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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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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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 Wire

NOVEMBER 22, 2024

That’s a factor too of higher inventory.” Using 2017, 2018 as a normal level, delivery should start to look normal by 2027, 2028, so I think the market fundamentals will start to shift pretty soon. But, you know, we have seen signs now over the past couple of months that it is slowing.

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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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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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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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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 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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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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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 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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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. According to Altos Research : Weekly inventory change (Sept. 15–22) : Inventory rose from 518,626 to 527,938 Same week last year (Sept. Back then, we ran at 33% ; in 2018 and 2019 , it was 36%.

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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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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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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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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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