2020 Modernization New Listings 
Housing Wire
SEPTEMBER 22, 2022
With the home-price growth we had in 2020 and 2021, my five-year price-growth model that I set for 2020-2024 of 23% was already smashed in just two years. Since the summer of 2020, I have talked about what could change the housing market, which was a 10-year yield above 1.94%, which means rates over 4%. million in August.”
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.
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Housing Wire
MARCH 6, 2023
Weekly inventory fell much more than the previous two weeks, down 11,021; new listing growth had its lowest weekly calendar print for this previous week. The new listing data had its lowest weekly print ever, down slightly from last year but more noticeably from what we traditionally saw in the previous decade.
Housing Wire
FEBRUARY 21, 2023
This facilitated the biggest decline in existing home sales for a single year that we will ever see in modern-day history due to the high level of sales in January of 2022. Since the end of June last year, when rates went above 6%, new listing data has declined, and this last week we hit a weekly new all-time low for the previous week.
Housing Wire
DECEMBER 7, 2022
One issue that has created a waterfall dive in purchase application data and sales is that new listing data is declining faster than usual. Since the summer of 2020, I have believed the housing market could change in terms of cooling down, but it would require the 10-year yield to break over 1.94%.
Housing Wire
JANUARY 30, 2023
Hopefully, the evidence I have shown you above, and the fact nobody else was talking about how the purchase application data internals were getting better starting from November 9th, will give you some faith in my models — kind of like the “America is back” recovery model of 2020. Weekly inventory change (Jan.
Housing Wire
OCTOBER 23, 2024
When you ask the housing crash addicts why their home-price forecasts don’t work, they usually say we should adjust home prices to inflation, gold prices, or some other silly historical reference that doesn’t apply to modern-day economics. In 2010, when the new listings data was exploding, over 23% of homes in America were underwater.
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