Housing Wire

DECEMBER 8, 2021

My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6. 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. 2020 and 2021 easily each have over 6.2

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Inventory Housing Market Marketing Mortgage 520

Housing Wire

AUGUST 17, 2024

Have lower mortgage rates already started to slow down housing inventory? I have a simple weekly growth model with the Altos inventory data: when rates are high, over 7.25%, inventory should grow between 11,000-17,000 weekly. Still, I would consider the last month of inventory growth healthy.

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Inventory Mortgage New Listings Contracts 510

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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Inventory Housing Market Marketing Modernization 509

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The fear of not having an increase in inventory this spring should be put to rest. Since 2020, the seasonal inventory bump has happened later than usual — not until March or April.

Inventory 519

Inventory Housing Market Marketing New Listings 519

Housing Wire

APRIL 20, 2023

months’ worth of housing inventory in the U.S. Now, post-2020, we have had three straight years of late-in-the-year runs in this data line to mess everything up. NAR: Total housing inventory registered at the end of March was 980,000 units, up 1.0% Unsold inventory sits at a 2.6-month We only have 2.6

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Inventory Housing Market Marketing New Listings 523

Housing Wire

APRIL 16, 2021

That’s up 37% from a year ago, but it’s important to take into account that the COVID-19 virus first took hold of the housing market in March 2020, said Doug Duncan, chief economist at Fannie Mae. Single-family housing starts ended 2020 on a high note, reaching a 1.338 million-unit pace in December — the highest pace since 2006.

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Inventory Housing Market Marketing Supply Chain 545

Housing Wire

SEPTEMBER 1, 2024

Have we seen the peak in housing inventory for 2024? The best part about 2024 has been that higher mortgage rates have created an inventory buffer, so if the economy gets softer and rates fall, we have many more homes to work with than we had in 2020-2023. Weekly inventory change (Aug.

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Inventory Mortgage New Listings Housing Market 506

Housing Wire

AUGUST 18, 2021

I have often said that both purchase applications and housing starts would be limited until we hit the period of favorable housing demographics from 2020 to 2024. Specifically, I said that purchase applications would not get to 300 in the MBA index until 2020 to 2024. The post Why aren’t builders creating more housing inventory?

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Inventory Buyers Business Mortgage 523

Housing Wire

JUNE 29, 2021

The first thing that pops into my shriveled brain is how the housing market looked in February of 2020. Data from that month showed that housing was breaking out — but because we received this data in March of 2020, we were all too busy trying to survive to take notice. with the housing market leading the way. Become a member today.

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Inventory Housing Market Marketing Business 542

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. Since the summer of 2020, this has been my main talking point on what can cool down housing ; it’s a 10-year yield above 1.94% , meaning rates above 4%. How can housing inventory be so low today when it skyrocketed back in 2009? I don’t believe housing inventory below 1.52

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Inventory Housing Market Construction Marketing 500

Housing Wire

OCTOBER 8, 2021

In the most recent month with data available on that follow-up question, 66% surveyed said that it was a bad time to buy a home because prices are too high, up from just 12% who said prices were too high in July 2020. Meanwhile only 19% said it was a good time to buy because of low interest rates, down from 44% in July 2020.

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Renovations Inventory Marketing Property Taxes 542

Housing Wire

JANUARY 30, 2023

Housing inventory decreased by 6,468 units, a more pronounced decline from the previous week. Weekly housing inventory There is, again, another downside report on weekly inventory, as inventory has fallen noticeably again this week from the week prior. However, it has now fallen again, and inventory decreased by 6,468.

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Inventory Housing Market Marketing Mortgage 505

Housing Wire

FEBRUARY 13, 2023

The housing market experienced more volatility last week, with housing inventory dropping as mortgage rates moved higher. Weekly housing inventory continues to decline, as we saw a decrease of 13,238 units, double the amount we had this time last year. So, when I saw the slight inventory increase, I thought this was a good trend.

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Inventory Housing Market Marketing Mortgage 497

Housing Wire

JANUARY 20, 2023

On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. million in January down to about 4 million in December, We now have total inventory levels near all-time lows again. In one of the most historical years in the U.S.

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Inventory Housing Market New Listings Marketing 537

Housing Wire

MAY 7, 2023

Just when I thought it was safe to say we were getting more traditional spring housing inventory , we hit a snag last week, as active inventory and new listings declined. Weekly housing inventory The numbers this week are unfortunate: inventory should be growing like it does at this time every year.

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Inventory Housing Market Marketing New Listings 503

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 520

Inventory Housing Market Marketing New Listings 520

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.

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Inventory New Listings Retail Mortgage 458

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.

Inventory 418

Inventory Sellers Mortgage Marketing 418

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. However, I knew the years 2020-2024 would see better demand from the bump in demographics.

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Inventory Marketing Housing Market New Listings 487

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. percentage points from June 2021.

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Inventory Housing Market Inspection Marketing 488

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.

Inventory 465

Inventory Housing Market Marketing New Listings 465

Housing Wire

JULY 23, 2024

Sinking sales, rapidly rising inventory and prices at all-time highs — this is the state of the market for existing homes. These two factors have caused unsold inventory to rise considerably, pushing months of supply to 4.1, the highest number since the early days of the COVID-19 pandemic in May 2020. It represents a 3.1%

Inventory 461

Inventory Buyers Sellers Inspection 461

Housing Wire

JUNE 4, 2023

Last week we saw a noticeable slowdown in housing inventory growth that I hope has more to do with a holiday week than a trend. Here’s a quick rundown of the last week: Active inventory grew 3,180 weekly , and new listing data fell week to week and is still trending at an all-time low in 2023. Since Nov.

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Inventory Housing Market Marketing New Listings 434

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 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 419

Inventory New Listings Sellers Contracts 419

Appraisal Buzz

JULY 24, 2024

year-over-year, the largest annual rise in a year and the highest share for any June since 2020. This trend is contributing to a glut of unsold inventory. The total number of homes for sale recorded its largest year-over-year gain in June, as listings remain on the market longer, causing inventory to accumulate.

Inventory 435

Inventory Marketing HOA Contracts 435

Housing Wire

JULY 5, 2023

Gerli cites data from a company called AllTheRooms to make the case that the Airbnb /short-term rental market is “crashing” and it will have a big impact on inventory. In some markets there are now 2-3x more homes listed on Airbnb than for sale, a situation that has robbed the housing market for inventory,” Gerli wrote in an email.

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Inventory Housing Market Marketing Sellers 413

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.

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Inventory Buyers Agents Real Estate 405

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. Things are different post-2020, and inventory is bottoming out later in the year.

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Inventory Housing Market Marketing Mortgage 402

Housing Wire

JUNE 24, 2024

Inventory grew by almost 14,000 homes this week. Available inventory of unsold homes continues to grow but that growth in seems a bit less intense than it could be. He expects the second half of the year to see even more inventory growth. Inventory increases by 2.2% Sellers can just wait it out, and it looks like the U.S.

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Inventory Sellers New Listings Property Taxes 366

Housing Wire

AUGUST 2, 2024

properties sold at foreclosure auction, showed that this trend is being fueled by rising levels of inventory on the retail market. Data from Altos Research found that the inventory of single-family homes for sale was up 40% year over year at the end of July.

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Inventory Retail Buyers Renovations 416

Housing Wire

FEBRUARY 8, 2024

Real estate professionals throughout the state attribute the resilience of the state’s housing market to its perpetually low inventory problem. Inventory is almost nonexistent,” said Melissa Kingsbury , a Redfin agent who works in the southwest suburbs of Chicago. “If As of Feb. Across the state, as of Feb.

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Inventory Agents Housing Market Luxury Properties 407

Housing Wire

SEPTEMBER 5, 2024

It was the 10th straight month of annualized growth and for-sale inventory is now at its highest level since May 2020. Notably, even as more sellers are entering the market compared to a year ago, for-sale inventory remains markedly below pre-pandemic levels. less than the average August from 2017 to 2019.

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Inventory Buyers Sellers Mortgage 431

Appraisal Buzz

MAY 21, 2024

However, just as inventory levels have increased, affordability has weakened as mortgage rates have drifted higher in response to the Fed’s decision to keep the federal funds rate ‘higher for longer,’ reducing demand.” Home prices nationally are now 53% higher compared to pre-pandemic levels (February 2020), according to First American.

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Inventory Housing Market Marketing Appraisal 370

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.

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Inventory Renovations Supply Chain Buyers 401

Housing Wire

JUNE 8, 2022

I am going to do my best to try to make sense of what is happening with the housing market right now, since the years 2020-2024 have been a talking point of mine for years and my biggest concern since the fall of 2020 has been prices overheating — not having a deflationary collapse. . million until then as well.

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Inventory Housing Market Marketing Mortgage 545

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.

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