Housing Wire

NOVEMBER 20, 2023

Last week, I asserted that housing inventory growth had finished for the year. This week, the available inventory of unsold single-family homes crept up minimally. Housing inventory inches up There were 570,000 single-family homes on the market, or 0.5% Turns out I was wrong! After all, more sellers means more sales in 2024.

Inventory 476

Inventory New Listings Housing Market Sellers 476

Housing Wire

OCTOBER 13, 2024

Housing inventory, which saw an excellent pickup a few weeks ago, has been slowing down and last week we saw a slight decline. Has seasonality finally kicked in or did back-to-back hurricanes slow things enough to influence inventory data? Since then, inventory growth has been slowing down and even declined last week.

Inventory 511

Inventory New Listings Retail Mortgage 511

Housing Wire

JUNE 21, 2024

Both existing housing inventory and home prices have been rising together year over year, which might seem odd at first glance since existing home sales are trending near all-time lows. Let’s keep it simple: total active listings are still below 2019 levels nationally, and the days on market are under 30 days today.

Inventory 482

Inventory Housing Market New Listings Contracts 482

Housing Wire

MARCH 18, 2024

real estate market were for inventory growth, sales growth and home-price growth across the U.S. Of my initial expectations this year — rising inventory, rising sales rates, rising prices — only rising inventory remains clear at this moment as we finish Q1 with rising interest rates. As we started 2024, the signals in the U.S.

Inventory 468

Inventory New Listings Sellers Contracts 468

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. And 2025 is poised to continue the trend of rising inventory across the country.

Inventory 418

Inventory Housing Market Marketing Sellers 418

Housing Wire

MARCH 14, 2024

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I According to Tiller, the tight inventory has caused homebuyers to spend up to six months searching for their new property, roughly double the time it took prior to the pandemic.

Inventory 459

Inventory Buyers Agents Real Estate 459

Housing Wire

APRIL 6, 2022

Additionally, home price appreciation and insufficient for-sale inventory are holding back purchase activity. . The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $647,200) increased to 4.90% from 4.80%. Meanwhile, the seasonally adjusted purchase index decreased 3.4%

Inventory 448

Inventory Mortgage Retail Contracts 448

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. In comparison, the average U.S.

Insurance 448

Insurance Inventory Marketing Real Estate 448

Housing Wire

OCTOBER 21, 2024

Despite the Florida hurricanes, and in the face of recently rising mortgage rates , unsold inventory of homes on the market climbed this week by about 1%. We’ve been expecting inventory to climb, and to tick up again next week before seasonal inventory declines start in November. Last year, inventory rose by 1.5%

Sellers 468

Sellers Inventory New Listings Contracts 468

Housing Wire

APRIL 14, 2021

from the week ending April 2, with rising mortgage rates and low inventory contributing to the slowdown and leading to a decline in purchase mortgage activity, said Joel Kan, MBA’s associate vice president of economic and industry forecasting. It’s the sixth consecutive week of falling mortgage applications. Applications were down 3.7%

Inventory 351

Inventory Mortgage Contracts 351

Appraisal Buzz

DECEMBER 30, 2024

Year-over-year, contract signings increased in all four U.S. Despite higher mortgage rates in November and persistent affordability challengers, buyers took advantage of more inventory as pending home sales reached the highest level in nearly two years, said First American Deputy Chief Economist Odeta Kushi. in November.

Contracts 435

Contracts Inventory Buyers Sellers 435

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?

Inventory 370

Inventory Contracts Buyers Sellers 370

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. in 2022.

Inventory 448

Inventory Renovations Contracts Buyers 448

Housing Wire

JULY 15, 2024

Inventory dipped during the week, which included the long July 4 holiday weekend. Contrast this week to 2022, when inventory rose by 3% during the holiday week. Inventory is slightly down There are currently 651,000 single-family homes unsold on the market around the country. Inventory is 38.5% more than a year ago.

Housing Market 497

Housing Market New Listings Marketing Mortgage 497

Housing Wire

SEPTEMBER 12, 2024

That’s according to a Zillow report released Thursday in which the Seattle -based real estate company said that “lower mortgage rates and rising inventory are giving home buyers a window of opportunity at an unusual time of year.“ Beyond that, more inventory is becoming available — enough to improve buyer negotiating power.

Housing Market 482

Housing Market Marketing Inventory Buyers 482

Housing Wire

OCTOBER 28, 2024

We track inventory and home sales very closely, so the biggest surprise this year has been the resiliency of home prices. The median price of the homes that went into contract this week — these are the new purchase offers with contracts pending — is now 6% greater than last year. They have not. Home prices ticked up this week.

Inventory 476

Inventory New Listings Sellers Contracts 476

Housing Wire

OCTOBER 7, 2024

Pending home sales continue to climb There are 362,000 single-family homes under contract. This is measuring the total count of homes that are under contract now. We’re showing 6% more homes under contract now than last year. Homes stay under contract for 30 to 40 days. It was just under a 1% increase this week.

Housing Market 476

Housing Market Marketing Mortgage Contracts 476

Housing Wire

FEBRUARY 20, 2024

Inventory is climbing vs. last year, and home prices have stayed flat for three weeks now. And as demand slows, inventory grows. Inventory is up over last year and is about to turn the corner and start climbing for the spring selling season, probably within a couple weeks. Is it too much inventory?

Mortgage 514

Mortgage Inventory Sellers New Listings 514

Housing Wire

MAY 6, 2024

Inventory increases aren’t occurring at a super fast pace, but the number of homes on the market across the country keeps expanding. Elevated mortgage rates slow demand so that inventory grows, but in years past, the total sales volume has been restricted by the limited supply. Let’s dig further into the details of the U.S.

Inventory 476

Inventory Contracts Sellers New Listings 476

Housing Wire

MAY 22, 2024

So, it was necessary to highlight that for this report because our fresh current inventory data paints a different picture. Looking ahead, price growth will cool down in the second half of 2024 because of increased inventory and more homes taking a price cut before selling. from the previous year ($385,800). All four U.S.

Inventory 514

Inventory New Listings Housing Market Contracts 514

Housing Wire

FEBRUARY 5, 2024

As mortgage rates remain higher than last year, inventory is higher than last year as well. Higher rates equals higher inventory. Lower rates equals lower inventory. Spring buyers’ market It’s the spring buyers market and inventory is falling each week. And as a result inventory is rising over recent two years.

Mortgage 468

Mortgage Inventory Sellers New Listings 468

Housing Wire

JULY 29, 2024

New home sales contracts are coming in pretty consistently fewer than last year — 4.9% Our Immediate sales measure of homes that get listed, take offers and go into contract in a few days is also notably lower than last year. Inventory continues to climb each week, which is normal for late July. fewer in the most recent week.

Housing Market 458

Housing Market Marketing Inventory New Listings 458

Housing Wire

JUNE 22, 2024

Weekly housing inventory data Inventory hit another one of my target levels this week, making it four times this year! My rule of thumb has been that inventory should have some weekly positive prints between 11,000 and 17,000 as long as rates are above 7.25%. Last week we saw positive inventory growth of 13,593 !

Mortgage 482

Mortgage Inventory New Listings Contracts 482

Housing Wire

AUGUST 27, 2020

The seasonally-adjusted index measuring signed contracts was up 15.5% Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”. There is no indication that contract activity will wane in the immediate future, particularly in the suburbs, Yun said.

Contracts 501

Contracts Realtors New Listings Real Estate 501

Housing Wire

DECEMBER 9, 2024

We know inventory has been climbing all year. The number of unsold homes on the market is finally getting closer to 2019 levels. The northern cities have tight inventory and rising prices, some of the Sunbelt cities have the most inventory in many years, and some markets even have falling prices, too.

Housing Market 418

Housing Market Marketing Inventory Sellers 418

Housing Wire

DECEMBER 7, 2020

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 month figure recorded in October 2019. Similarly, in 2018 and 2019, mortgage rates rose to 4.75 months, Houston, we have a problem.

Inventory 545

Inventory Construction Government Housing Market 545

Appraisal Buzz

AUGUST 1, 2024

The market is getting more buyer-friendly as a result of a combination of increasing inventory levels and price decreases, according to Realtor.com’s July housing data. The inventory scars of the pandemic-era housing market are continuing to fade,” said Danielle Hale, Chief Economist of Realtor.com. rate from the previous month.

Inventory 418

Inventory Sellers Buyers Housing Market 418

Housing Wire

JUNE 29, 2024

Housing inventory is growing, but national home prices aren’t dropping dramatically, as the recent S&P CoreLogic Case Shiller index clearly showed. The last time we had a stressed seller market was when national home prices crashed in 2008-2011 and even with more inventory , we’re nowhere close to those levels.

New Listings 415

New Listings Inventory Contracts Sellers 415

Housing Wire

APRIL 27, 2023

An index of 100 is equal to the level of contract activity in 2001. The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. year over year in 2023 to 670,000 homes due to higher new home inventory than existing home inventory. year over year.

Inventory 459

Inventory Realtors Contracts Construction 459

Housing Wire

DECEMBER 10, 2021

At this moment, about 25% of properties are going into contract essentially immediately every week (around 20,000 of them within hours or days of listing) — even as supply and transaction volume declines through the end of the year. Low inventory will continue to be a major issue. That being said, keep an eye on rising interest rates.

Housing Market 543

Housing Market Marketing Inventory Sellers 543

Housing Wire

MAY 25, 2023

“Elevated mortgage rates and economic uncertainty, along with still-low inventory, means that new pending sales were down more than 20% from a year ago, and were lower even compared to 2019 levels.” An index of 100 is equal to the level of contract activity in 2001. Regionally, the Midwest (78.4), South (99.6), and West (62.2)

Inventory 397

Inventory Housing Market Contracts Government 397

Housing Wire

SEPTEMBER 22, 2022

From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% Total Inventory data fell in this report from 1.31 It doesn’t even look like we will breach the lower level of my inventory wish list of 1.52 I am a big fan of inventory to 2019 levels. Unsold inventory sits at a 3.2-month

Inventory 482

Inventory Housing Market New Listings Mortgage 482

Housing Wire

OCTOBER 15, 2021

One-third of homes that went under contract had an accepted offer within one week of hitting the market, a new report from Redfin found. In addition, the number of homes that went under contract within two weeks of listing rose to 46% from 42% during the same period in 2020. points from a month earlier.

Contracts 403

Contracts Landlords Inventory New Listings 403

Housing Wire

DECEMBER 4, 2020

over the next three years – nearly a percentage point lower than the average of the 2010-2019 decade. However, Nothaft expects that mortgages originated today, with a contract rate of 3% or lower, are more likely to have a relatively long life and lenders will not see them coming into refinance anytime soon.

Mortgage 518

Mortgage Contracts Construction Inventory 518

Housing Wire

SEPTEMBER 13, 2021

Still, the 69,563 homes that went into contract represented a 9% decrease from the high point set in May 2021. This limited inventory and strong demand is reflected in the 14% increase of the median home-sale price to $358,250, with the median asking price of newly listed homes at $353,500.

Housing Market 538

Housing Market Marketing Inventory Contracts 538

Housing Wire

JUNE 8, 2022

“The purchase market has suffered from persistently low housing inventory and the jump in mortgage rates over the past two months. In May, the inventory of homes for sale rose 8%, marking the first rebound since June 2019. The median national home price also climbed to an all-time high of $447,00 last month, jumping 35.4%

Mortgage 418

Mortgage Inventory Contracts Retail 418

Housing Wire

MAY 28, 2021

Diving deeper, for the two week period ending May 9, 2021, 57% of homes that went under contract had an accepted offer within the first two weeks on the market. The severe lack of inventory in today’s housing market has been a source of stress for home buyers and real estate agents alike.

Buyers 448

Buyers Real Estate Agent Real Estate Inventory 448