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. After the last few weeks , we can put that fear aside: we are finally getting the seasonal increase in active listing.

Inventory 522

Inventory Housing Market Marketing New Listings 522

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 433

Inventory New Listings Sellers Contracts 433

Housing Wire

DECEMBER 2, 2021

It’s official – housing inventory in America is at a crisis level. The number of active listings hit an all-time low during the week ending November 28, according to a Redfin report published on Wednesday. The post Housing inventory has never been lower appeared first on HousingWire.

Inventory 516

Inventory New Listings Contracts Housing Market 516

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.

Inventory 446

Inventory Housing Market Marketing New Listings 446

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.

Inventory 504

Inventory Housing Market Marketing New Listings 504

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.

Inventory 380

Inventory Sellers New Listings Property Taxes 380

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 458

Inventory Housing Market Marketing New Listings 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. New data from the U.S. percentage points, the fastest pace of hikes in four decades.

Inventory 431

Inventory Sellers Mortgage Marketing 431

Housing Wire

APRIL 20, 2023

months’ worth of housing inventory in the U.S. If we are trending below 4 million — a possibility with new listing data trending at all-time lows — then we have much weaker demand than people think. Now, post-2020, we have had three straight years of late-in-the-year runs in this data line to mess everything up.

Inventory 528

Inventory Housing Market Marketing New Listings 528

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. During that period, we saw new listing data decline.

Inventory 540

Inventory Housing Market New Listings Marketing 540

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 474

Inventory Housing Market Marketing New Listings 474

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.

Inventory 413

Inventory Housing Market Marketing Mortgage 413

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.

Inventory 491

Inventory Marketing Housing Market New Listings 491

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.

Inventory 507

Inventory Housing Market Marketing Mortgage 507

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 529

Inventory Housing Market Marketing New Listings 529

Housing Wire

JUNE 7, 2022

So few single-family homes are for sale in America that just two months of inventory is available across the top 100 metro areas in the country, a historic low. Prior to 2020, “higher priced homes” was generally considered to be anything over $1 million. In Dallas, listings under $2 million have less than three months of inventory.

Inventory 448

Inventory Housing Market Investors Sellers 448

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. Instead of making up for the shortfall, new listings have slumped further in 2021. million, the lowest level of paused payments since April 2020.

Inventory 511

Inventory Buyers New Listings Mortgage 511

Housing Wire

AUGUST 7, 2023

As a result, the available inventory of homes for sale is slightly higher each week. With fewer transactions, inventory is building just a bit as we approach the end of the summer. When will inventory peak for the year? Inventory Inventory is still climbing just a bit each week as we approach the end of the season.

Inventory 297

Inventory New Listings Contracts Sellers 297

Housing Wire

DECEMBER 3, 2020

Even prior to the pandemic , housing inventory had hit record lows, and the problem has only gotten worse as demand continues to rise. Total home sales are outpacing new listings by a wide margin every month, and real estate tech company Homesnap foresees the shortage continuing in 2021 unless more sellers enter the market.

Inventory 546

Inventory Housing Market Marketing New Listings 546

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.

Inventory 422

Inventory Agents Housing Market Luxury Properties 422

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.

Insurance 411

Insurance Inventory Marketing Real Estate 411

Housing Wire

MAY 15, 2024

After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. In July 2022, new listings volume per week dropped from 90,000 at the end of June to approximately 74,000 just after the July 4th holiday. We see the same pattern in the new listings rate each week.

Mortgage 417

Mortgage New Listings Inventory Sellers 417

Housing Wire

SEPTEMBER 28, 2024

Weekly housing inventory data Two weeks ago was the best week of inventory growth for me in 2024, as we hit my model range without higher mortgage rates; I gave it the chef’s kiss. We couldn’t pull that off this week as inventory growth slowed to 5,768. Weekly inventory change (Sept. Weekly inventory change (Sept.

Mortgage 504

Mortgage Inventory New Listings Contracts 504

Housing Wire

SEPTEMBER 25, 2024

Inventory is still building. This week, available inventory of unsold homes rose again across the country, in almost every state. Inventory still growing Inventory is still growing clearly across the country. to the unsold inventory this week. Since 2020, the U.S. We added 1.6% Are there too many sellers?

Inventory 398

Inventory New Listings Sellers Contracts 398

Housing Wire

JULY 26, 2022

The market’s insatiable demand for real estate, combined with low interest rates and even lower inventory, created a feeding frenzy that drove insane bidding wars, sent home prices skyrocketing, and frustrated many would-be home buyers. And as home sales slow, inventory is climbing quickly. What happens if mortgage rates spike up?

Inventory 362

Inventory Sellers Buyers Marketing 362

Housing Wire

OCTOBER 5, 2024

2024: 354,816 2023: 326,593 2022: 358,740 Weekly housing inventory data Three weeks ago was the best week of inventory growth in 2024, as we hit my model range without higher mortgage rates: I gave it the chef’s kiss. We couldn’t pull that off two weeks ago and last week, inventory growth slowed to 3,273.

Mortgage 493

Mortgage Inventory New Listings Retail 493

Housing Wire

AUGUST 4, 2024

Weekly housing inventory data The best story in 2024 has been inventory growth. We can’t have a functional housing market with the inventory levels we saw from 2020-2023. For 2024, my model is straightforward: with higher rates we should get weekly inventory growth between 11,000 and 17,000 homes.

Mortgage 507

Mortgage Inventory New Listings Housing Market 507

Housing Wire

SEPTEMBER 22, 2024

Weekly housing inventory data The best story for me about housing this year has been the inventory growth. Unlike some crazy people on the internet, I was never worried about a massive housing bubble crash, but since the summer of 2020 I’ve been more worried about home prices escalating out of control.

Mortgage 508

Mortgage Inventory New Listings Contracts 508

Housing Wire

MARCH 25, 2024

Specifically, when housing inventory is 25% greater than a year ago, the supply/demand balance is obviously very different than it has been. Housing inventory The available inventory of unsold homes continued to climb last week. Last year, inventory was still declining in March. Now it’s on the rise. A year with 5.5

New Listings 503

New Listings Inventory Contracts Sellers 503

Housing Wire

DECEMBER 23, 2023

Weekly housing inventory data We are near the end of the year, which means the seasonal decline in housing inventory will take hold until we find the seasonal bottom in inventory in 2024. However, one thing is sure: from 2020 to 2023 we never saw credit-stressed home sellers. Weekly inventory change : (Dec.15-22)

Housing Market 527

Housing Market Marketing Inventory New Listings 527

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 474

Housing Market Marketing Inventory Buyers 474

Housing Wire

SEPTEMBER 3, 2024

This week the available inventory of homes for sale inched down across the country. But it is indicative that we’re roughly at the peak of inventory for the summer. We may have a few more weeks of inventory gains, but the long stretch where inventory has been growing compared to a year ago is now over.

Inventory 379

Inventory New Listings Contracts Buyers 379

Housing Wire

FEBRUARY 12, 2024

Each week — for several months now — inventory levels of unsold homes on the market has been expanding compared to last year. Even as inventory declined this week, it’s relatively growing compared to a year ago. This week, inventory fell by half a percent. New listings each week, which were record few last year, are growing now.

Sellers 400

Sellers Housing Market Buyers New Listings 400

Housing Wire

NOVEMBER 9, 2022

In the previous expansion, one of my long-term calls was that the MBA purchase application data will never hit the volume level of 300 until the years 2020-2024. Right on cue, 2020 came and we hit the 300 level. The years 2020-2024 were going to be the time when total home sales could finally reach 6.2 We are up 43% since 2020.

New Listings 496

New Listings Inventory Housing Market Sellers 496

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 523

Mortgage Inventory New Listings Sellers 523

Appraisal Buzz

SEPTEMBER 16, 2024

According to Zillow’s most recent market report , reduced mortgage rates and more inventory are providing house buyers with a window of opportunity at an uncommon time of year. Beyond that, more inventory is becoming available enough to improve buyer negotiating power. New listings increased by 0.8% New listings are 21.3%

Buyers 396

Buyers Inventory New Listings Home Value 396

Housing Wire

OCTOBER 11, 2022

When I came up with the “ savagely unhealthy housing market ” label in February of this year, it was based on the premise that the housing inflation story that we have had to deal with since 2020 was a historical event. It facilitated a very unhealthy housing market in 2020-2021 that became savage in 2022. million today.

Sellers 514

Sellers Inventory Housing Market New Listings 514