Housing Wire

MAY 8, 2024

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. On March 18, 2020, purchase application data broke out to pre-cycle highs in demand. What does that mean? So you can see why we have so few stressed sellers.

Inventory 499

Inventory Law New Listings Sellers 499

Housing Wire

APRIL 23, 2023

Since 2020, the seasonal bottom for housing inventory has arrived several months later than normal, making it more complicated to track housing inventory data. Here’s a quick rundown of the last week: Active listings rose by 8,546 , and new listing data showed some growth. Again, I am a bit mindful here due to Easter.

Inventory 545

Inventory Housing Market Marketing New Listings 545

Housing Wire

FEBRUARY 12, 2024

New listings each week, which were record few last year, are growing now. New listings volume climbing I want to start today with the new listings volume, which is notably finally climbing over last year’s anemic levels. There were 66,000 new listings this week, of which 14,000 are already in contract.

Sellers 426

Sellers Housing Market Buyers New Listings 426

Housing Wire

MARCH 25, 2024

Inventory will cross over 2020 levels by July. New listings Each week this spring we’ve been tracking the new listings volume. Last week we saw just over 60,000 new listings added to the inventory with another 17,000 new listings / immediate sales. Now it’s on the rise. A year with 5.5

New Listings 509

New Listings Inventory Contracts Sellers 509

Housing Wire

SEPTEMBER 25, 2024

New listings healthy There were 70,000 new listings unsold for single-family homes this week. In fact, this is the first time in three years that we’ve had a “normal” number of new listings. There were 70,000 single-family homes listed unsold and another 10,000 immediate sales. Since 2020, the U.S.

Inventory 424

Inventory New Listings Sellers Contracts 424

Housing Wire

AUGUST 4, 2024

We can’t have a functional housing market with the inventory levels we saw from 2020-2023. While I didn’t get my minimum target of 80,000 new listings during the peak seasonal weeks this year, it was good to see growth. Weekly housing inventory data The best story in 2024 has been inventory growth.

Mortgage 516

Mortgage Inventory New Listings Housing Market 516

Housing Wire

APRIL 30, 2023

Weekly housing inventory Since new listing data was trending at all-time lows in 2023, some feared we wouldn’t see the typical spring inventory increase. After the last few weeks , we can put that fear aside: we are finally getting the seasonal increase in active listing. didn’t go into recession until 2008.

Inventory 524

Inventory Housing Market Marketing New Listings 524

Housing Wire

DECEMBER 23, 2023

However, one thing is sure: from 2020 to 2023 we never saw credit-stressed home sellers. While inventory levels are still too low for my taste, it’s good that we are not at 2022 levels when we only had 240,194 total active single-family listings for Americans to buy. Weekly inventory change : (Dec.15-22)

Housing Market 535

Housing Market Marketing Inventory New Listings 535

Housing Wire

SEPTEMBER 13, 2022

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. It wasn’t the rate move that caught my attention — it was the new listing data. As you can see below, that sharp move to 6.25% caused new listing data to stall at first.

Mortgage 524

Mortgage Inventory New Listings Sellers 524

Housing Wire

MARCH 18, 2024

While inventory is growing across the country, some markets are way more impacted and already have more homes on the market than in 2019 or 2020 just before the pandemic. New listings Last week, 59,000 new single-family listings came to market. The takeaway? If mortgage rates continue to rise to 7.5%

Inventory 453

Inventory New Listings Sellers Contracts 453

Housing Wire

APRIL 25, 2024

There is no way you can stay on top of things unless you hire someone to watch new listings pop up every 10 minutes. While DeRoussel’s experience sounds exactly like many of the stories that emerged from the pandemic-fueled homebuying frenzy of 2020 and 2021, this happened just a few weeks ago in early April 2024.

Buyers 444

Buyers Marketing Inventory Investors 444

Appraisal Buzz

SEPTEMBER 16, 2024

Measuring Inventory & New Listings MoM New listings decreased by 1.1% New listings increased by 0.8% New listings are 21.3% For-sale inventory (the number of listings active at any time during the month) in August increased by 0.2% month-over-month in August. from last month.

Buyers 396

Buyers Inventory New Listings Home Value 396

Housing Wire

SEPTEMBER 1, 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. 2024 is the second-lowest new listing year recorded in history. Weekly inventory change (Aug.

Inventory 531

Inventory Mortgage New Listings Housing Market 531

Housing Wire

APRIL 5, 2021

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

Inventory 511

Inventory Buyers New Listings Mortgage 511

Housing Wire

SEPTEMBER 28, 2024

However, regardless of what happens over the next three months, the best story for me in 2024 was getting the active listings off the levels we saw in 2020-2023. However, even though I was roughly off by 5,000 on my minimal new listings forecast in 2024 of 80,000 during the seasonal peak, this is still a positive year compared to 2023.

Mortgage 518

Mortgage Inventory New Listings Contracts 518

Appraisal Buzz

MAY 17, 2024

New listings increased 1.7% Still, new listings were roughly 20% below pre-pandemic levels, in large part because many homeowners don’t want to sell, as they feel “locked in” by the low mortgage rate they scored during the pandemic. Active listings rose to the highest level since December 2020 in April.

New Listings 195

New Listings Inventory Sellers Housing Market 195

Appraisal Buzz

JUNE 14, 2024

There have only been two months in the last decade with fewer home sales: October 2023, when mortgage rates reached a 23-year high, and May 2020, when the pandemic brought the housing market to a halt and home sales to an all-time low. New listings: New listings rose most in San Jose, CA (32.7%), Seattle (31.2%) and Denver (31.1%).

Sellers 435

Sellers Buyers New Listings Mortgage 435

Appraisal Buzz

OCTOBER 11, 2024

That’s the lowest level in records dating back to 2012, with the exception of May 2020, when the pandemic brought the housing market to a standstill. Pending sales—a more current gauge of housing market activity that includes both existing and newly constructed homes—fell to the lowest level on record aside from April 2020.

New Listings 195

New Listings Buyers Housing Market Real Estate Agent 195

Housing Wire

JULY 20, 2024

Yes, home prices are still rising in 2024, but the pace is significantly slower than in 2020 and 2021. The seasonal decline in new listings will begin soon and we will see if we get fewer sellers in the second half of the year than the current trend. So far the weekly high print in 2024 is only 72,329.

Inventory 526

Inventory New Listings Contracts Mortgage 526

Housing Wire

SEPTEMBER 3, 2024

New listing numbers are low There were just 59,000 new listings unsold this week for single-family homes. There were another 10,000 new listings that immediately sold. The median price of the new listings is $399,999, also unchanged for the week. Both of those numbers are very low.

Inventory 405

Inventory New Listings Contracts Buyers 405

Will Springer Realtor

MAY 9, 2023

The chart (below) puts it in sharp focus: Except for the pandemic year of 2020 when there were 2559 new listings that April, last month was the slowest April since at least 2008 when easy access to Northwest Multiple Listing Service data became available. Where are all the sellers? There are 1.7 months in Seattle and 1.2

New Listings 67

New Listings Inventory Buyers Sellers 67

Housing Wire

OCTOBER 5, 2024

The seasonality factor is something we have to keep in mind here, but to me the best housing story of 2024 was that we got active inventory higher, something we couldn’t achieve from 2020-2023. Weekly inventory change (Sept. 27-Oct 4): Inventory rose from 731,017 to 734,290 The same week last year (Sept. Weekly inventory change (Sept.

Mortgage 505

Mortgage Inventory New Listings Retail 505

Housing Wire

SEPTEMBER 22, 2024

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. However, I missed my 2024 forecast of at least 80,000 new listings per week this year during the seasonal peak months by roughly 5,000.

Mortgage 519

Mortgage Inventory New Listings Contracts 519

Housing Wire

JUNE 4, 2023

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. However, I am grateful we even saw some traditional spring inventory growth this year because new listing data is trending at all-time lows. Since Nov.

Inventory 460

Inventory Housing Market Marketing New Listings 460

Housing Wire

JULY 16, 2021

The number of homes for sale fell 28% year over year from 2020, and the typical home sold in just 14 days — a record low and, down from 39 days in June 2020. “In June we entered a new phase of the housing market,” Fairweather said. Finally, new listings fell from a year ago in 15 of the 85 largest metro areas.

Buyers 545

Buyers New Listings Housing Market Marketing 545

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.”

Inventory 481

Inventory Housing Market New Listings Mortgage 481

Housing Wire

FEBRUARY 27, 2023

We created the weekly Housing Market Tracker because housing data has been so wild since 2020. Weekly housing inventory decreased by 6,801, while new listing data is still negative year-over-year. Post-2020, inventory has been bottoming out later in the year, and I have a working theory on this.

Housing Market 463

Housing Market Marketing Inventory New Listings 463

Appraisal Buzz

JULY 12, 2024

More Good News for Buyers: More Homes to Shop Around Growing inventory is encouraging for purchasers as well: The number of properties for sale is almost at its highest point since late 2020, with new listings up 7% year-over-year. less than what it was listed for at the beginning of July. overall and by 7.3%

Contracts 370

Contracts Inventory Buyers Sellers 370

Housing Wire

SEPTEMBER 12, 2024

New listings, meanwhile, grew slightly on a monthly and yearly basis but were 21% lower than the same month in 2019. million homes on the market, buyers have the most properties to choose from since September 2020. The share of listings that include a price cut is also sure to increase competition among buyers.

Housing Market 481

Housing Market Marketing Inventory Buyers 481

Appraisal Buzz

JUNE 27, 2024

According to a new Redfin study , the average U.S. Since the start of the epidemic in 2020, when the housing market all but collapsed, this is the first year that the average home has sold for less than list price during this time of year. That percentage is down from 36% a year ago and is the lowest for any June since 2020.

Sellers 417

Sellers Buyers New Listings Agents 417

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.

Sellers 514

Sellers Inventory Housing Market New Listings 514

Housing Wire

DECEMBER 21, 2022

From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NAR Chief Economist Lawrence Yun. Mortgage rates spiked in March, and then the new listing data started to decline at the end of June.

Inventory 528

Inventory New Listings Housing Market Sellers 528

Housing Wire

AUGUST 30, 2022

My observation post-2020 is that many people have never read the total housing inventory data because we still have people who say active listings aren’t low or that it’s fake news. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5 million listings.

Inventory 397

Inventory New Listings Law Housing Market 397

Housing Wire

JUNE 9, 2023

They went all in during COVID-19 in 2020, doubled down in 2021 as the forbearance crash bros but really bet the farm on a massive home-price crash in 2023 after the most significant home sales crash ever in 2022. This was a big deal, and the weekly Housing Market Tracker of new listing data was all over this.

Inventory 545

Inventory Housing Market New Listings Mortgage 545

Housing Wire

SEPTEMBER 17, 2024

From March 2020 to July 2022, the median home price rose 23% before hitting a brief lull. But a year later, it was up by 32% compared to March 2020, according to data from Altos Research. Altos considers a score above 30 to be indicative of a seller’s market.

Housing Market 412

Housing Market Marketing Sellers Buyers 412

Housing Wire

MAY 21, 2021

” New listings of homes for sale were down 12% from the same period in 2019, and active listings — the number of homes listed for sale at any point during the period — fell 49% from the same period in 2019. 2019 is being used as a reference point since 2020 data is skewed by the pandemic.).

Housing Market 540

Housing Market Marketing New Listings Mortgage 540

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. New listing data was trending at all-time lows in 2021 abd 2022 and now it’s creating a new all-time low trend in 2023.

Inventory 505

Inventory Housing Market Marketing New Listings 505