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. We had a lot of stressed sellers back then! Here is an example with our Nov.

New Listings 482

New Listings Sellers Mortgage Law 482

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 408

Inventory New Listings Sellers Contracts 408

Housing Wire

SEPTEMBER 17, 2024

Like the vast majority of the country, the city’s housing market has been stymied by high mortgage rates, low inventory and mismatched expectations between buyers and sellers. Sellers think it’s a seller’s market. From March 2020 to July 2022, the median home price rose 23% before hitting a brief lull.

Housing Market 397

Housing Market Marketing Sellers Buyers 397

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% home this month was listed at $362,143.

Buyers 396

Buyers Inventory New Listings Home Value 396

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 500

New Listings Inventory Housing Market Sellers 500

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

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. So you can see why we have so few stressed sellers.

Inventory 487

Inventory Law New Listings Sellers 487

Housing Wire

MARCH 25, 2024

I like to point out that consumers are more sensitive to changes in mortgage rates than to the absolute levels, and since rates are now basically unchanged for the month, just easing down from the early March peak of 7.2%, sellers and buyers are tip-toeing back into the market. Inventory will cross over 2020 levels by July.

New Listings 506

New Listings Inventory Contracts Sellers 506

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 441

Inventory New Listings Sellers Contracts 441

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 6, 2024

Bad for sellers Prospective home sellers may not notice incremental changes in mortgage rates. percentage points—sellers take notice. Facing these realities, many would-be sellers decide to stay put. This is clear in the chart below, which shows the year-over-year percent change in the four-week average of new listings.

Mortgage 440

Mortgage Sellers New Listings Buyers 440

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. This week saw 6% fewer sellers than even last year which was already super low. Both of those numbers are very low.

Inventory 389

Inventory New Listings Contracts Buyers 389

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 478

Housing Market Marketing Inventory Buyers 478

Housing Wire

OCTOBER 13, 2024

Remember that 2023 had the lowest new listings data ever and 2024 will have the second lowest. One of the reasons total inventory data hasn’t gotten back to 2019 levels is the lack of sellers in 2023 and 2024. Also, let’s remember that 2019 inventory levels were a four-decade low before 2020.

Inventory 481

Inventory New Listings Retail Mortgage 481

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. Additionally, homes are being listed for longer than normal. overall and by 7.3%

Contracts 370

Contracts Inventory Buyers Sellers 370

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 531

Housing Market Marketing Inventory New Listings 531

Housing Wire

MAY 6, 2024

By the end of the summer, it looks like inventory will finally be back above 2020 levels. In the video above, you can see in the inventory chart how this year’s trajectory is climbing and looks like it’ll cross the 2020 levels by July. More home sellers are coming back to the market each week.

Inventory 449

Inventory Contracts Sellers New Listings 449

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. With more sellers who are buyers, we have a tad more demand this year.

Inventory 525

Inventory New Listings Contracts Mortgage 525

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 432

Buyers Marketing Inventory Investors 432

Housing Wire

JUNE 10, 2024

What’s not measured in the FHFA paper is how by 2023, seller volume had already been declining for nearly a decade. In that period, we can see seller volume decreasing as more and more Americans had mortgages under 5%. We see the same pattern in the new listings rate each week.

Mortgage 413

Mortgage Inventory New Listings Sellers 413

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 524

Inventory New Listings Housing Market Sellers 524

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. With more sellers who are buyers, we have a bit more demand this year.

Mortgage 511

Mortgage Inventory New Listings Housing Market 511

Housing Wire

MARCH 8, 2024

Altos considers any score above 30 to be a seller’s market. 70 towns, 90 new listings Local agents say the county’s tight inventory situation is largely to blame. “We As of March 6, 2024, there was a 90-day average of 570 active single-family listings in Bergen County, according to Altos. as of March 6, 2024.

Housing Market 447

Housing Market Buyers Agents Marketing 447

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

Housing Wire

SEPTEMBER 3, 2024

In response, Bright MLS chief economist Lisa Sturtevant noted that while “declining rates are good for both buyers and sellers,“ rates are not yet low enough to alleviate the lock-in effect that has stopped many potential listings in their tracks. This rate gap has kept some homeowners from listing their home for sale.

Mortgage 481

Mortgage Inventory Buyers Sellers 481

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. When inventory bounces back The extremes of the 2020s have dealt big blows to for-sale inventories.

Inventory 439

Inventory Sellers Mortgage Marketing 439

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. Since most sellers are buyers, we need this data line to get back to the pre-COVID-19 trend range, which it hasn’t been able to do since the second half of 2022.

Mortgage 511

Mortgage Inventory New Listings Contracts 511

Housing Wire

DECEMBER 7, 2022

These were forced credit sellers, which means these sellers don’t sell to buy a home like a traditional seller does. Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. As we can see below, none of that is happening today because the seller isn’t stressed.

Housing Market 543

Housing Market Mortgage Marketing Inventory 543

Housing Wire

JUNE 17, 2021

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. “Sellers are still squarely in the drivers’ seat, but buyers have hit a limit on their willingness to pay. . from April. .”

Housing Market 534

Housing Market New Listings Sellers Buyers 534

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 499

Mortgage Inventory New Listings Retail 499

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 523

Inventory Housing Market Marketing New Listings 523

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. Since most sellers are buyers, this data must return to normal before seeing real, long-lasting sales growth.

Mortgage 513

Mortgage Inventory New Listings Contracts 513

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

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 22, 2024

In the nearby metro area of Cape Coral-Fort Myers , active single-family inventory over the previous 90 days averaged 6,500 listings as of March 15, above its March 2020 level of 5,044 listings and approaching its March 2019 level of 7,243 listings. Smith attributes the uptick in inventory to a bump in new listings.

Insurance 420

Insurance Inventory Marketing Real Estate 420

Housing Wire

AUGUST 7, 2023

It’s no secret that sellers are absent in this market. It was at this point in 2022 when new listings started plummeting each week. In September, even though new sellers were few, buyers were even fewer, so inventory rose. In September, even though new sellers were few, buyers were even fewer, so inventory rose.

Inventory 307

Inventory New Listings Contracts Sellers 307

Appraisal Buzz

SEPTEMBER 10, 2024

“These weeks boast many of the same benefits as the best week, but are just slightly less favorable due to falling new listing activity.” A given week scored highly if it had more listings compared to other weeks of the year. Why This Particular Week? Each week was then ranked by the average of those scores.

Inventory 397

Inventory Buyers New Listings Marketing 397