Housing Wire

JANUARY 6, 2024

While the percentage of price cuts is still much higher than 2021 levels, this explains why prices were stable in the second half of 2023 versus the second half of 2022. Now that mortgage rates have fallen and as we start the brand new year, we need to focus on this data line more. I talked about this on CNBC a few months ago.

Inventory 540

Inventory New Listings Housing Market Mortgage 540

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. in 2021 and as high as 6.25% in 2022. It wasn’t the rate move that caught my attention — it was the new listing data. But now this is a real risk. The parts of the U.S.

Mortgage 521

Mortgage Inventory New Listings Sellers 521

Housing Wire

FEBRUARY 26, 2024

Meanwhile, homeowners association (HOA) fees multiplied for many condo buildings in the aftermath of the 2021 Surfside condo collapse. In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs.

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HOA Law Insurance New Listings 482

Housing Wire

MAY 22, 2024

The other data line that is small but steady year-over-year is the new listings data, and if most sellers are buyers, that gives us more demand than in 2023, when new listings were trending at the lowest levels ever. I love that new listings data is growing yearly, but it’s been too light for me.

Inventory 464

Inventory New Listings Housing Market Contracts 464

Housing Wire

NOVEMBER 25, 2023

18): Inventory fell from 569,571 to 564,571 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 so far is 569,898 For context, active listings for this week in 2015 were 1,104,514 New listings data fell weekly but showed positive year-over-year growth. Weekly inventory change (Nov.

Inventory 524

Inventory Mortgage New Listings Buyers 524

Housing Wire

MAY 21, 2023

New listings data fell, however, active inventory grew. Here’s a quick rundown of the last week: Total active listings grew by 3,809 weekly, but new listings are still trending at all-time lows. However, at this time last year, we saw some new listings growth versus 2021 levels. million.

Housing Market 495

Housing Market Marketing Inventory New Listings 495

Housing Wire

APRIL 16, 2023

The seasonal housing inventory bottom evaded us again last week as active listings fell and new listing inventory decreased. Here’s a quick rundown of the last week: Active inventory fell 5,383 last week, and new listing data is still trending at all-time lows in 2023.

Inventory 522

Inventory Housing Market Marketing New Listings 522

Housing Wire

SEPTEMBER 16, 2023

The last four weeks of new listings data have been the most volatile since mortgage rates breached 6% in 2022. One week, we had the biggest decline in new listings data all year, which might indicate Americans are giving up on listing their homes. What’s going on with housing inventory ? 18: 60,295 Aug.

Inventory 478

Inventory New Listings Housing Market Mortgage 478

Housing Wire

DECEMBER 2, 2023

18): Inventory fell from 564,571 to 550,302 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 so far is 569,898 For context, active listings for this week in 2015 were 1,081,712 The one positive inventory story in 2023 is that we formed a bottom in the new listings data! Weekly inventory change (Nov.

Mortgage 542

Mortgage Inventory New Listings Sellers 542

Appraisal Buzz

JULY 18, 2022

RE/MAX has released new data through its National Housing Report covering the month of June which found that halfway through the peak summer buying season inventory is up, yet still below levels seen in 2021, but more signs are starting to appear signaling a more balanced market may soon be a reality.

New Listings 150

New Listings Inventory Appraisal Marketing 150

Housing Wire

APRIL 9, 2023

Active inventory rose by 823 single-family homes and new listing data is trending at all-time lows. This year looks similar to 2021 data, which bottomed on April 9 , so April could be the turning point. The NAR data going back decades shows how difficult it’s been to get back to anything normal on the active listing side.

Housing Market 539

Housing Market Marketing Mortgage Inventory 539

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. 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.

Inventory 503

Inventory Housing Market Marketing New Listings 503

Housing Wire

AUGUST 10, 2022

One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. Redfin : Realtor.com : Altos Research : Clearly, we are seeing a slowdown in new listings as the data has been negative now for months. What does this mean?

Inventory 526

Inventory New Listings Housing Market Sellers 526

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 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. million in January 2021 (when mortgage rates were 2.7%) fell to 3.9

Mortgage 402

Mortgage New Listings Inventory Sellers 402

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. This link explains the difference and is worth a read.

Inventory 519

Inventory Housing Market Marketing New Listings 519

Appraisal Buzz

DECEMBER 30, 2024

Portlands new listings fell by 20.3% New listings in other West Coast cities like Oakland, San Jose, and Sacramento also dropped significantly. of homes sold in San Jose went for above their list pricethe highest share among U.S. metros, apart from Newark, New Jersey (64.8%). In November, 58.6%

Marketing 402

Marketing New Listings Inventory Housing Market 402

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

APRIL 23, 2023

Here’s a quick rundown of the last week: Active listings rose by 8,546 , and new listing data showed some growth. If that is the case, then this week’s gain in active inventory and new listings needs to be taken with a grain of salt until we get next week’s data. However, I will take what I can now.

Inventory 543

Inventory Housing Market Marketing New Listings 543

Housing Wire

DECEMBER 16, 2023

This is what we see, and it’s much needed; we need more new listings and not fewer. New listings data for last week in the last several years: 2023: 39,613 2022: 34,973 2021: 39,936 Traditionally, one-third of all homes will have price cuts before they sell. Weekly inventory change : (Dec.

Inventory 535

Inventory New Listings Mortgage Law 535

Housing Wire

NOVEMBER 4, 2023

4): Inventory fell from 578,089 to 574,973 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 so far is 566,882 For context, active listings for this week in 2015 were 1,140,753 New listings data has been trending at the lowest levels ever for 15 months now, and not too much has changed from that trend.

Mortgage 468

Mortgage Inventory New Listings Real Estate 468

Housing Wire

JANUARY 20, 2023

During that period, we saw new listing data decline. However, in 2020 new listing data came back, and we don’t want to see the new listings continue to decline this year — that would be a double negative for the housing market. from December 2021 ($358,800), as prices rose in all regions.

Inventory 537

Inventory Housing Market New Listings Marketing 537

Housing Wire

APRIL 3, 2023

Active inventory fell by 3,141, and new listing data fell again and is still trending at all-time lows. It looks similar to 2021 data, which bottomed on April 9. The NAR data going back decades shows how difficult it’s been to get back to anything normal on the active listing side. Mortgage rates rose to 6.57%.

Inventory 491

Inventory Housing Market Marketing New Listings 491

Housing Wire

MARCH 26, 2023

Active inventory fell 1,109, and new listing data made a lovely comeback week to week but was still noticeably down year over year. One piece of good news last week was that the new listing data, which saw a significant collapse two weeks ago, rebounded excellently to return to a usual trend.

Inventory 469

Inventory Housing Market Marketing Mortgage 469

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

DECEMBER 21, 2022

We have had two historic events that created a waterfall dive in demand recently; we now have precise data showing new listing data declining with those events, which shows how important that data line is to housing demand. 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

Appraisal Buzz

JANUARY 17, 2025

month-over-month in December to a seasonally adjusted annual rate of 4,317,683the highest level reported since February 2023, and a 6% year-over-year jumpthe largest annual increase since July 2021. year-over-year, the largest annual gain reported since June 2021. New listings fell 1.6% home sale price increased 6.3%

Contracts 397

Contracts New Listings Real Estate Agent Mortgage 397

Housing Wire

JULY 13, 2021

The market is still competitive, but buyers are more trepidatious than they were at the start of 2021, and less willing to pull out every stop in order to win.” An improving supply situation may also be making a difference, with new listings up 4% year over year — meaning more properties are hitting the market for buyers to bid on.

Inventory 511

Inventory Housing Market Real Estate Agent Buyers 511

Housing Wire

MARCH 6, 2024

This is clear in the chart below, which shows the year-over-year percent change in the four-week average of new listings. This data, courtesy of Altos, shows that new listings retreat when rates rise and accelerate when rates fall: High rates are bad, too, for the sellers who decided to list their homes.

Mortgage 417

Mortgage Sellers New Listings Buyers 417

Housing Wire

NOVEMBER 11, 2023

We saw some good growth this week, and hopefully, in 2024, we can close the gap and get back to 2021-2022 data on new listings. That is the critical period for new listing data to grow; remember, most sellers are buyers. Weekly inventory change (Nov. 23 and went from 8% to 7.38% on Nov.

Inventory 463

Inventory New Listings Mortgage Retail 463

Housing Wire

JUNE 25, 2023

However, the real positive story here is that even with new listing data trending at an all-time low, we are getting the growth in active listings we traditionally see in the spring and summer. In addition, new listing data turned negative year over year after the second half of 2022.

Inventory 435

Inventory Housing Market Marketing New Listings 435

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. That was a huge red flag, hence all the statements in 2021 about unhealthy housing. . It doesn’t even look like we will breach the lower level of my inventory wish list of 1.52

Inventory 470

Inventory Housing Market New Listings Mortgage 470

Housing Wire

SEPTEMBER 15, 2023

New Listings Tick Up Slightly, But Overall Housing Supply Remains at Record Low New listings rose 0.8% Year-over-year new listings were down 14.4%. New listings have likely bottomed out,” she said. year over year, the largest annual decline since June 2021. million in August, falling 1.1%

Buyers 424

Buyers Mortgage New Listings Real Estate 424

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

OCTOBER 7, 2023

7): Inventory rose from 561,229 to 562,249 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 so far is 537,032 For context, active listings for this week in 2015 were 1,168,416 New listings data has been trending at the lowest levels recorded in history for over 13 months but at least it’s been an orderly decline.

Inventory 468

Inventory New Listings Mortgage Marketing 468

Housing Wire

SEPTEMBER 1, 2024

As part of “team higher rates” in 2021 and 2022, this is precisely what I wanted to see happen because we can’t assume mortgage rates will stay elevated in the 7%-8% range. 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

NOVEMBER 5, 2021

According to a report produced by Douglas Elliman and real estate appraisal company Miller Samuel , single-family home listings sloped down 58% year-over-year in July 2021 to a paltry 20 total in the famous ski-resort town. This is probably not the time to buy your Aspen dream home. The slightly more affordable Aspen option are condos.

Housing Market 434

Housing Market Marketing Real Estate Agent Contracts 434