Housing Wire

MAY 8, 2024

Housing credit channels directly impact housing inventory channels. Home prices escalated out of control after 2020 and when we look at why that happened, we can see that housing credit mattered more to inventory data than most people realize. This matters because inventory was already heading toward all-time lows before COVID-19.

Inventory 518

Inventory Law New Listings Sellers 518

Housing Wire

AUGUST 10, 2022

One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. One thing that I have stressed is that higher mortgage rates can create a slowdown in demand and thus allow more inventory to accumulate through a weakness in demand.

Inventory 526

Inventory New Listings Housing Market Sellers 526

Housing Wire

FEBRUARY 13, 2023

The housing market experienced more volatility last week, with housing inventory dropping as mortgage rates moved higher. The start of 2023 has been good, considering mortgage rates have stayed above 6% most of the time. I am keeping an eye on how much growth we can get with mortgage rates over 6%. Since Nov.

Inventory 516

Inventory Housing Market Marketing Mortgage 516

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

MARCH 11, 2024

Last fall when people were still expecting mortgage rates to be falling this year, it was common to assume rates would be in the low 6s or 5s this year and people asked me if lower rates would bring a flood of inventory. The only way inventory would grow in 2024 is if mortgage rates climbed.

Inventory 516

Inventory Sellers New Listings Real Estate 516

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.

Inventory 538

Inventory Mortgage Housing Market Marketing 538

Housing Wire

SEPTEMBER 16, 2023

What’s going on with housing inventory ? The last four weeks of new listings data have been the most volatile since mortgage rates breached 6% in 2022. In reality, the volatility in housing inventory is due to the Labor Day holiday, the start of school and the fact that new listings are trending at the lowest levels ever.

Inventory 505

Inventory New Listings Housing Market Mortgage 505

Housing Wire

JANUARY 9, 2025

In contrast, during the pandemic, the median-price peak jumped from $279,000 in 2019 to $319,000 in 2021 before falling to $310,000 in 2022. In order to alleviate some of the pressure on buyers, agents like JD Gieson would love to see more inventory come on the market. There is no inventory, McCormick said.

Housing Market 418

Housing Market Inventory Marketing Sellers 418

Housing Wire

APRIL 6, 2022

Interest in residential mortgage loans fell 6.25% for the week ending April 1 as rates jumped yet again , ever nearer to 5%, according to the Mortgage Bankers Association ‘s latest survey. Additionally, home price appreciation and insufficient for-sale inventory are holding back purchase activity. .

Inventory 448

Inventory Mortgage Retail Contracts 448

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?

Inventory 514

Inventory Housing Market Marketing Modernization 514

Housing Wire

APRIL 1, 2024

As mortgage rates rose starting in 2022, payment affordability got dramatically worse and homebuyer demand dried up. Total available inventory is gradually climbing about 1% per week — last year it was still declining in April. As we roll into the second quarter, we should have accelerating inventory growth each week.

Inventory 488

Inventory New Listings Contracts Sellers 488

Housing Wire

JANUARY 9, 2023

The housing market saw inventory fall 4% last week from the week before. Does that mean we are heading back to all-time lows in inventory again for 2023? During the last four weeks and especially this past week, we are seeing inventory decline faster than expected. Weekly housing inventory. Weekly inventory change: (Dec.

Inventory 542

Inventory Housing Market Marketing New Listings 542

Housing Wire

JANUARY 13, 2024

Last week, housing inventory grew and the number of price cuts fell, which is expected at this time of the year. I hope the next thing we see is housing inventory grow at the level it typically does in January or February instead of being delayed until March or April. So let’s hope for more home sellers in 2024. 2022 21.7%

Inventory 534

Inventory New Listings Retail Mortgage 534

Housing Wire

JANUARY 2, 2023

This is why I’ve created the Housing Market Tracker — a weekly analysis of purchase apps, housing inventory and mortgage rates that will be published every Monday. The Altos Research weekly inventory data looks ahead before the sales report inventory data. The 10-year yield shows where mortgage rates will go.

Inventory 482

Inventory Housing Market Marketing Mortgage 482

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 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.

Inventory 513

Inventory Housing Market Marketing New Listings 513

Housing Wire

JANUARY 30, 2023

Housing inventory decreased by 6,468 units, a more pronounced decline from the previous week. The 10-year yield can’t break lower from the critical level I have discussed, so not much is happening with mortgage rates. Does this move have more legs to run, and will we need lower mortgage rates to get more growth in this data line?

Inventory 508

Inventory Housing Market Marketing Mortgage 508

Housing Wire

FEBRUARY 20, 2023

Another week down in 2023 and we’re seeing crazier action in the housing market as purchase application data fell, mortgage rates rose again, and weekly inventory took another dive with a noticeable move lower in new listing data. Mortgage rates hit 6.80%, marking the high point for 2023 so far. Weekly inventory change (Feb.10-Feb.

Inventory 435

Inventory Housing Market Marketing Mortgage 435

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. How can housing inventory be so low today when it skyrocketed back in 2009? Now don’t get me wrong: demand is better in 2020 and 2021 than in any single year from 2008 to 2019.

Inventory 526

Inventory Housing Market Construction Marketing 526

Housing Wire

JANUARY 16, 2023

Housing inventory increased by 1,339 homes nationwide. Mortgage rates fell along with bond yields, showing that mortgage rates peaked on Oct. The weekly inventory data, which had fallen faster than I had anticipated the last few weeks, has now seen a slight uptick. Weekly housing inventory.

Inventory 534

Inventory Housing Market Marketing Mortgage 534

Housing Wire

MARCH 18, 2024

real estate market were for inventory growth, sales growth and home-price growth across the U.S. At the time, I observed that even if mortgage rates stayed flat, the momentum seemed to be in the cards for broad, slow growth in the market. However, mortgage rates didn’t stay flat. If mortgage rates continue to rise to 7.5%

Inventory 468

Inventory New Listings Sellers Contracts 468

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. Mortgage rates followed suit, walloping buyers’ purchasing power. New data from the U.S.

Inventory 459

Inventory Sellers Mortgage Marketing 459

Housing Wire

MAY 1, 2024

That puts the national inventory up 31.9% Brokers and agents , mortgage officers and other housing professionals continue to compete for their share of tight volumes and would need major industry growth to get back to 2019 levels. year-over-year, extending a 24-week streak of year-over-year increases.

Inventory 488

Inventory Agents Marketing Mortgage 488

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. As mortgage rates rose more and more, the October to January data was going to show big negative prints.

Inventory 493

Inventory Marketing Housing Market New Listings 493

Housing Wire

APRIL 5, 2021

Prices are up sharply as housing inventory continues to plateau , leaving 40% fewer homes on the market compared to last year, according to a report prepared by Black Knight. Year-over-year, new listing volumes were down 16% in January and 21% in February — amounting to a 125,000 deficit in inventory compared to the same time in 2020.

Inventory 511

Inventory Buyers New Listings Mortgage 511

Housing Wire

AUGUST 18, 2021

The previous economic expansion from 2008 to 2019 had the weakest housing recovery ever following the bust. During this period, household formation will create the mortgage demand needed to push applications to that level, and purchase applications did get to this level right before COVID-19 hit in February of 2020. Already a member?

Inventory 525

Inventory Buyers Business Mortgage 525

Housing Wire

SEPTEMBER 13, 2022

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. Typically we have a natural set of new listings each year; inventory rises in the spring and summer and then falls in the fall and winter.

Mortgage 525

Mortgage Inventory New Listings Sellers 525

Housing Wire

JULY 22, 2021

You can thank a rise in housing inventory for the gains. million in June 2020 as housing inventory has slowly improved in recent months. Total housing inventory at the end of June amounted to 1.25 from May’s inventory and down 18.8% ” Unsold housing inventory sits at a 2.6-month share in June 2019.

Inventory 508

Inventory Buyers Realtors Construction 508

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. This type of sales growth — which couldn’t happen from 2008-2019, as I have often stated — is coming with a hefty price tag. Not even 5% mortgage rates in 2018 budged this data line too much.

Inventory 525

Inventory Housing Market Marketing Mortgage 525

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?

Inventory 435

Inventory Housing Market Marketing Modernization 435

Housing Wire

SEPTEMBER 5, 2024

Data released Thursday by Realtor.com and Redfin shows that even as more homes are being listed for sale and mortgage payments are becoming more affordable, fewer transactions are occurring. It was the 10th straight month of annualized growth and for-sale inventory is now at its highest level since May 2020.

Inventory 468

Inventory Buyers Sellers Mortgage 468

Housing Wire

JULY 29, 2022

That marks the first month since July 2019 (pre-pandemic) that housing inventory increased year over year. The home-inventory bump dovetails with other data indicating the nation’s housing market lost some steam this past month, according to a June housing-market report from Seattle-based Redfin.

Inventory 488

Inventory Housing Market Inspection Marketing 488

Housing Wire

MAY 3, 2024

No matter where you are in the Tar Heel State, real estate professionals across North Carolina are frustrated by the lack of housing inventory. The challenge remains lack of inventory — that’s definitely the big one,” said Alison Alston , the broker-owner of Charlotte-based Lodestone Real Estate and Investments. “We being outbound. “We

Inventory 440

Inventory Housing Market Marketing Real Estate 440

Housing Wire

MAY 23, 2023

Demand for newly built homes has been strong amidst the historically low inventory of existing homes for sale ,” Lisa Sturtevant, the chief economist at Bright MLS , said in a statement. However, experts note that the existing home inventory trough won’t last forever. In April, the sales pace of new homes rose 4.1%

Inventory 418

Inventory Construction Development Buyers 418

Housing Wire

MAY 8, 2023

A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction.

Inventory 435

Inventory Renovations Supply Chain Buyers 435

Housing Wire

FEBRUARY 20, 2024

Inventory is climbing vs. last year, and home prices have stayed flat for three weeks now. Mortgage rates are back over 7%. 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.

Mortgage 514

Mortgage Inventory Sellers New Listings 514

Housing Wire

FEBRUARY 4, 2021

The average mortgage rate for a 30-year fixed loan remained unchanged last week from the week prior at 2.73%, according to Freddie Mac ’s Primary Mortgage Market Survey. With mortgage rates hovering below 3% for over six months now, Sam Khater, Freddie Mac’s chief economist, said this may be a sign of an economy still struggling.

Mortgage 542

Mortgage Lending Training Inventory 542