Housing Wire

JANUARY 9, 2023

The housing market saw inventory fall 4% last week from the week before. Traditionally, we do see housing inventory fall in the month of December, however, we clearly saw in the second half of 2022 that higher rates created more days on the market and inventory was lingering longer. 31, 2021-Jan. 30, 2022-Jan.

Inventory 542

Inventory Housing Market Marketing New Listings 542

Housing Wire

APRIL 9, 2023

The housing market welcomed the news of lower mortgage rates last week after four reports showed that the labor market isn’t as tight as it seems and that the fear of 1970s-entrenched inflation was a lousy narrative. This week’s trading in the bond market will be exciting with the upcoming inflation data.

Housing Market 540

Housing Market Marketing Mortgage Inventory 540

Housing Wire

APRIL 16, 2023

One thing to notice is that the new listing data in 2022 was higher than in 2021. Even though the market stress has decreased lately, the assumption is that credit will only get tighter as the year grows. Purchase application data Purchase application data has been one of the most improved housing market data lines since Nov.

Inventory 539

Inventory Housing Market Marketing New Listings 539

Housing Wire

APRIL 23, 2023

Can we now say that the housing market ‘s spring selling season is finally underway? Since 2020, the seasonal bottom for housing inventory has arrived several months later than normal, making it more complicated to track housing inventory data. months shows how far we are from 2008 housing economics.

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Inventory Housing Market Marketing New Listings 545

Housing Wire

JANUARY 1, 2024

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Now that we’re in 2024, the Federal Reserve ‘s rate hike cycle is over, so let’s look at what that means for housing demand and home prices. What could make home prices decline?

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Housing Market Marketing New Listings Construction 531

Housing Wire

JULY 19, 2022

The June housing starts data beat estimates with positive revisions, however, this doesn’t change the housing market recession call that I made last month. owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,685,000. percent above the June 2021 rate of 1,661,000.

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Housing Market Marketing Construction Real Estate 526

Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. A few months ago, I was asked to go on CNBC and talk about why I call this a housing recession and why this year reminds me a lot of 2018, but much worse on the four items above.

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Housing Market Marketing Inventory Sellers 546

Housing Wire

JUNE 18, 2023

This dynamic changed the housing market from one where home sales were crashing to one that is now stabilized. As you can see in the chart below, the collapse of the purchase application data has stalled out, and if this didn’t happen, we would be having a different conversation about the housing market today.

Housing Market 505

Housing Market Marketing Inventory New Listings 505

Housing Wire

JANUARY 23, 2023

Here’s the housing market rundown for the last week: Purchase application data had a solid week-to-week gain of 25%. Housing inventory decreased by 566 units, which is not a significant decline. Mortgage rates fell, but the bond market didn’t break what I see as a critical level, so for now, stabilization is more important.

Housing Market 516

Housing Market Marketing Inventory New Listings 516

Housing Wire

SEPTEMBER 27, 2023

housing market is back on track , stronger than ever, with a total estimated value of $52 trillion, according to a new analysis by Orphe Divounguy, a senior economist at Zillow Group. housing market has surged by more than $2.6 After experiencing a temporary hiccup between July 2022 to January 2023, the U.S.

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Housing Market Marketing Inventory Finance 521

Housing Wire

DECEMBER 7, 2022

Now, with five weeks of data in front of us, we can say they have stabilized the market. 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%. The question then was: What would lower mortgage rates do to this data?

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Housing Market Mortgage Marketing Inventory 544

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. ” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) But the housing market in the second half of 2022? over asking price. High octane stuff.

Housing Market 529

Housing Market Marketing Real Estate Agent Real Estate 529

Housing Wire

JULY 9, 2023

This is truly a savagely unhealthy housing market as we have too many people chasing too few homes. 2023: 58,813 2022: 90,336 2021: 68,328 The 10-year yield and mortgage rates Mortgage rates started the week at 7.03% and ended at 7.14%. bond market doesn’t see a job-loss recession happening soon. If we start from Nov.

Inventory 501

Inventory Housing Market Marketing New Listings 501

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. Finally, the significant observation I see with the inventory data this year versus last year is that last year’s new listing data was higher than in 2021.

Inventory 525

Inventory Housing Market Marketing New Listings 525

Housing Wire

MAY 7, 2023

However, one thing is for sure, housing is not going to crash due to large-scale panic-selling — a scare tactic of late 2021 that didn’t work then or now. 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. didn’t go into recession until 2008.

Inventory 505

Inventory Housing Market Marketing New Listings 505

Housing Wire

OCTOBER 24, 2024

The company’s Auction Market Dispatch for third-quarter 2024 included a survey conducted in late September of more than 140 active buyers on the platform. While 45% said current market conditions were not impacting their desire to purchase distressed property, 34% said conditions were detrimental to their decisions.

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Housing Market Marketing Retail Development 482

Housing Wire

MAY 21, 2023

It was a wild ride for the housing market last week! However, at this time last year, we saw some new listings growth versus 2021 levels. Now if the economy gets weaker, meaning the labor market sees a noticeable rise in jobless claims, then the 10-year yield should break under 3.21% , going all the way to 2.72%.

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Housing Market Marketing Inventory New Listings 511

Housing Wire

FEBRUARY 13, 2023

The housing market experienced more volatility last week, with housing inventory dropping as mortgage rates moved higher. Weekly housing inventory continues to decline, as we saw a decrease of 13,238 units, double the amount we had this time last year. This means buyers have more say now in the home-buying process.

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Inventory Housing Market Marketing Mortgage 516

Housing Wire

APRIL 12, 2024

After heating up like the rest of the country, the Louisiana housing market has continued to cool since interest rates began to rise in the second half of 2022. Additionally, the state’s 90-day average Altos Market Action Index score was 32.75 Altos classifies scores above 30 to be indicative of a sellers’ market.

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Insurance Housing Market Marketing Agents 459

Housing Wire

APRIL 3, 2023

Last week was relatively calm for the housing market after the fiasco of the banking crisis. Housing demand grew and inventory levels fell again while mortgage rates rose. The banking crisis has stressed the mortgage backed securities market , pushing rates higher than usual. Mortgage rates rose to 6.57%.

Inventory 505

Inventory Housing Market Marketing New Listings 505

Housing Wire

DECEMBER 20, 2024

Higher prices, higher mortgage rates and limited inventory are making for a slow market among buyers and sellers alike. Price growth is slowing down so there’s less flippers in the market. Investor purchases at the national level peaked in June 2021 at 148,670. Home sales in 2024 have been well below historic norms.

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Investors Housing Market Marketing Real Estate 448

Housing Wire

SEPTEMBER 24, 2024

People seeking more space to accommodate working from home led to a minor outflow of residents that put the housing market on pause. As a result, home prices were stagnant for much of the decade following the Great Recession, but the pandemic unleashed unprecedented volatility to the Chicago market. I know that some of the U.S.

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Housing Market Marketing Property Taxes Inventory 459

Housing Wire

JULY 2, 2023

We have often discussed that the housing market dynamics changed starting Nov. We had new listings growth from 2021 to 2022, but that’s not the case this year. As long as jobless claims trend below 323,000 on the four-week moving average, the labor market stays firm, which means the economy remains healthy.

Inventory 482

Inventory Housing Market Marketing New Listings 482

Housing Wire

JUNE 8, 2023

It’s been a brutal 15-month period for the housing market since the Federal Reserve began escalating its benchmark interest rate in March 2022 to combat rising inflation. Since then, the Fed has bumped rates 10 times, effectively putting the brakes on what had been a hot housing market. in 2023, according to Fed staff.

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Housing Market Marketing Investing Mortgage 508

Housing Wire

MAY 14, 2023

The rise of active listings in this spring housing market reminds me of a zombie slowly rising from its grave. Yes, we found the seasonal bottom for housing inventory on April 14, but this year’s rise in active listings has been tepid at best. Can you imagine the housing market at that point?

Housing Market 488

Housing Market Marketing Inventory New Listings 488

Housing Wire

JANUARY 9, 2023

One slice of the single-family home market that has gained traction over the past year in a topsy-turvy housing landscape is the build-for-rent sector — or BFR. Both pose threats to access to capital, the cost of materials and labor, and future housing values.

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Housing Market Marketing Construction Development 545

Housing Wire

DECEMBER 28, 2022

This article is part of our 2022-23 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.

Housing Market 505

Housing Market Marketing Inventory Mortgage 505

Housing Wire

MARCH 26, 2023

The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. In a regular market, they would be closer to 5.25%.

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Inventory Housing Market Marketing Mortgage 476

Housing Wire

JUNE 20, 2024

On the sell side, agents say that low mortgage rates from a purchase or refinance transaction in late 2020 or early 2021 are keeping many potential sellers in their home. “A As of June 14, the state had a 90-day average of 10,393 single-family active listings on the market. Again, agents attribute the cooler market to interest rates.

Housing Market 448

Housing Market Agents Marketing Inventory 448

Housing Wire

MARCH 29, 2024

It is nearly April, which means temperatures in the Austin metropolitan area are heating up — and so is the housing market. The market is still strong,” said Wendy Cash, a broker at Austin area-based Century 21 Hellmann Stribling. Technically we are still in a seller’s market. I think we are pretty balanced,” Cash said.

Housing Market 459

Housing Market Agents Marketing Inventory 459

Housing Wire

FEBRUARY 6, 2023

Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. Let’s dive into the trend lines of the housing market. The show-me part of the housing market starts with this bounce from an extreme bottom. Weekly inventory change (Jan.

Inventory 488

Inventory Housing Market Marketing New Listings 488

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At Altos considers any score above 30 to be a seller’s market.

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Housing Market Buyers Agents Marketing 468

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. But home sellers are gradually easing back into this housing market. Any time inventory rises, you start to see housing crash hyperbole on social media. They essentially bypass the active market.

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Sellers Housing Market Buyers New Listings 468

Housing Wire

JUNE 25, 2023

Also, we must remember that even in 2021, when we had 3% mortgage rates, new listing data was trending at all-time lows. The data shows a noticeable decline year over year, and 2021/2022 were already working from all-time lows. Nothing good is happening in housing when days on market are so low. Unless the U.S.

Inventory 435

Inventory Housing Market Marketing New Listings 435

Housing Wire

JUNE 4, 2023

With so few new listings and stable housing demand, it’s been hard getting much of a kick in inventory growth. Here are the number of new listings for this week over the last several years: 2021 72,643 2022 71,113 2023 55,226 With higher mortgage rates, active inventory should be growing more.

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Inventory Housing Market Marketing New Listings 468

Housing Wire

JUNE 26, 2024

The Florida housing market faces an outsized risk from weather events and larger climate issues. John Rogers, chief innovation officer at CoreLogic , outlined the risks but also the positive developments he sees in the Florida housing market at an event held by the National Association for Real Estate Editors (NAREE) last week.

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Housing Market Insurance Marketing Real Estate 396

Appraisal Buzz

JUNE 19, 2024

With affordability still a major factor in home buying decisions, knowing which markets offer lower home prices, high military homeownership rates, and a lower forecasted unemployment rate can help military households across the U.S. Factors in ranking markets In seeking out the 10 U.S. find the best town for their family.

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Housing Market Marketing Real Estate Agent Real Estate 394