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 521

Mortgage Inventory New Listings Sellers 521

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

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 519

Inventory Housing Market Marketing New Listings 519

Housing Wire

AUGUST 17, 2024

Oddly enough, those levels were the five-decade low before 2020. While I didn’t get my minimum target of 80,000 new listings during this year’s peak seasonal weeks, I am pleased we saw growth. However, 2024 is still an improvement over 2023, which was the lowest new listing data ever recorded.

Inventory 510

Inventory Mortgage New Listings Contracts 510

Housing Wire

DECEMBER 3, 2020

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. The divide between supply and demand is striking: compared to last year, total new listings increased.22%,

Inventory 546

Inventory Housing Market Marketing New Listings 546

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 496

New Listings Inventory Contracts Sellers 496

Housing Wire

JUNE 17, 2021

And 54% of homes sold above their asking price in May — another a record high, up from 26% a year ago, according to a new report from Redfin. The report also shows the housing market also set new records for home-selling speeds and competition, although seasonally adjusted home sales and new listings flattened from April.

Housing Market 528

Housing Market New Listings Sellers Buyers 528

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 463

Inventory Law New Listings Sellers 463

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 402

Mortgage New Listings Inventory Sellers 402

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 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 519

Housing Market Marketing Inventory New Listings 519

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 470

Inventory Housing Market New Listings Mortgage 470

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 511

Inventory New Listings Housing Market Sellers 511

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 385

Sellers Housing Market Buyers New Listings 385

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 498

Mortgage Inventory New Listings Housing Market 498

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

MAY 21, 2021

Despite the decline, housing demand is still strong compared to one year ago, evidenced by existing home sales from this January to April, which are up 20% compared to 2020. from April 2020 as every region recorded a price increase. month supply and down from the 4-month supply recorded in April 2020. .” from April 2020.

Inventory 447

Inventory Buyers New Listings Marketing 447

Housing Wire

JANUARY 23, 2023

One week after that prediction, the new listing data declined faster and earlier than usual. million active listings if new listing data declines in 2023. Given the seasonality factor, it’s very important that we get traditional new listing growth every year to keep the housing market working as normal.

Housing Market 516

Housing Market Marketing Inventory New Listings 516

Housing Wire

OCTOBER 13, 2024

Remember that 2023 had the lowest new listings data ever and 2024 will have the second lowest. Also, let’s remember that 2019 inventory levels were a four-decade low before 2020. National data: Weekly inventory change (Oct. 11): Inventory fell from 734,290 to 732,410 The same week last year (Oct.

Inventory 458

Inventory New Listings Retail Mortgage 458

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 419

Inventory New Listings Sellers Contracts 419

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 521

Inventory New Listings Contracts Mortgage 521

Housing Wire

NOVEMBER 18, 2022

When I outlined my 23% five-year growth model for 2020-2024, it was to have a marker for when price growth got too hot. However, I knew the years 2020-2024 would see better demand from the bump in demographics. Seasonal impacts are the norm with housing, and new listing data is negative 6% year to date.

Inventory 487

Inventory Marketing Housing Market New Listings 487

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 503

Inventory Housing Market Marketing New Listings 503

Housing Wire

JULY 13, 2021

bidding-war rate Redfin saw in June 2020, when the housing market was starting to rebound from a temporary standstill triggered by pandemic shutdowns, said Laura Sechrist Molenda, a Redfin real estate agent based in Southern California. in May and a peak of 74.1% That’s still higher than the 56.8% million and 1.92 million to 5.61

Inventory 511

Inventory Housing Market Real Estate Agent Buyers 511

Housing Wire

JUNE 16, 2021

” In March 2020, the fed began buying bonds – split between $80 billion in Treasuries and $40 billion in MBS – to keep the economy moving and make borrowing cheaper. “This, combined with a continued lack of new listings, led us to downwardly revise our near-term forecast,” the ESR group said.

Housing Market 508

Housing Market Development New Listings Marketing 508

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 506

Inventory Mortgage New Listings Housing Market 506

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 410

Buyers Marketing Inventory Investors 410

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 432

Housing Market Marketing Inventory New Listings 432

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 434

Inventory Housing Market Marketing New Listings 434

Housing Wire

AUGUST 27, 2020

Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”. million annualized pace in the second half of 2020. “We are witnessing a true V-shaped sales recovery as homebuyers continue their strong return to the housing market,” said Yun. million, a 1.1%

Contracts 501

Contracts Realtors New Listings Real Estate 501

Appraisal Buzz

JANUARY 3, 2025

Although the number of new listings entering the market is still about 14% less than it was prior to the epidemic, this represents a significant improvement over the 25% shortfall in March. This is the smallest deficit since September 2020, and it is currently roughly 26% below the 20182019 normal. 28 New York $680,934 7.0%

New Listings 396

New Listings Inventory Buyers Inspection 396

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 396

Inventory New Listings Law Housing Market 396

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

Housing Wire

NOVEMBER 15, 2024

We had multiple refinancing waves in 2012, 2016, 2020 and 2021. The new listings data we track with Altos Research is trending at the lowest levels ever during the past few years, while back then it was running at accelerated levels. Now, most loans are 30-year-fixed mortgages and people’s wages rise almost every year.

New Listings 498

New Listings Sellers Mortgage Law 498

Housing Wire

FEBRUARY 6, 2023

28 – Feb 4 ): Fell from 271,954 to 255, 662 One of the concerns I have had with the housing market is the post-2020 inventory channel, which took us to all-time lows. Now that rates are above 6%, we don’t see the same type of housing inflation data we had from 2020 up until rates broke over 5.875% in 2022.

Inventory 465

Inventory Housing Market Marketing New Listings 465

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 506

Mortgage Inventory New Listings Contracts 506

Housing Wire

JULY 21, 2021

share in June 2020 and the 20.2% above its asking price, that means it was listed for $301,872, said Daryl Fairweather, Redfin’s chief economist. At the same time, the number of condos for sale dropped 18% from a year earlier, while new listings were up 7.6%. to a record $405,000. share in June 2019. year over year.

Buyers 459

Buyers New Listings Contracts Marketing 459