Housing Wire

DECEMBER 30, 2023

Since I believe most home sellers are also homebuyers, once new listings created a new low level after mortgage rates reached over 6% in 2022, it added another layer of home demand falling off a cliff. What we want to see in 2024 is new listing data growing in the spring season. Weekly inventory change (Dec.

Inventory 521

Inventory New Listings Housing Market Mortgage 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 501

Housing Wire

DECEMBER 9, 2023

Here is the price cut percentage data for the same week in other years: 2023 38% 2022 42% 2021 27% As you can see, affordability is an issue, and the price cut percentage is higher now than in any period from 2015-2021, but still below 2022 levels. Now lets take a look at the weekly inventory data. Weekly inventory change (Dec.

Mortgage 534

Mortgage Inventory New Listings Sellers 534

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 514

Inventory New Listings Housing Market Contracts 514

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

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 535

Housing Market New Listings Sellers Buyers 535

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 468

Inventory New Listings Sellers Contracts 468

Housing Wire

DECEMBER 21, 2022

.” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well. This explains why total active listing inventory data has been stable over the decades, with the exception of 2006-2011, when those forced distressed credit home sellers couldn’t buy.

Inventory 531

Inventory New Listings Housing Market Sellers 531

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.

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Inventory Mortgage New Listings Buyers 537

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 542

Inventory New Listings Housing Market Mortgage 542

Appraisal Buzz

OCTOBER 3, 2024

Following the Federal Reserve ‘s 50 basis point reduction in the jumbo rate in September, mortgage rates significant fell to a 24-month low, prompting sellers to move. The Realtor.com 2024 September Housing Report states that actively listed properties increased by 34.0%, while newly listed homes increased by 11.6%

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Marketing New Listings Sellers Advertising 418

Housing Wire

SEPTEMBER 15, 2023

A lot of sellers are also willing to let buyers slip away because they don’t want to concede to repair requests,” Morre said. 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%.

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Buyers Mortgage New Listings Real Estate 448

Housing Wire

JANUARY 20, 2023

The lack of sellers is also a demand problem and what we saw after June of 2022 is that sellers called it quits earlier and faster in the year than usual, resulting in total existing home sales totaling 5,030,000 to end 2022. During that period, we saw new listing data decline. from November but up 10.2% months in Nov.

Inventory 541

Inventory Housing Market New Listings Marketing 541

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 543

Mortgage Inventory New Listings Sellers 543

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.

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New Listings Sellers Mortgage Law 521

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 468

Mortgage Inventory New Listings Sellers 468

Housing Wire

APRIL 19, 2024

A surge in new listings of luxury homes was not enough to curb the price growth associated with rising demand. New listings of luxury homes soared 18.5% Luxury sales started to post year-over-year increases in January for the first time since August 2021. During the three months ending Feb. year over year.

Luxury Properties 488

Luxury Properties New Listings Buyers Housing Market 488

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 526

Inventory New Listings Contracts Mortgage 526

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 539

Inventory Housing Market Marketing New Listings 539

Housing Wire

JANUARY 12, 2023

In December, we saw both buyers and sellers pulling back as they continue to adjust to a challenging market,” Danielle Hale, Realtor.com’s chief economist, said in a statement. from December 2021. In addition, no region saw a yearly increase in new listings in December, with the West recording the largest annual drop at 32.5%.

Inventory 534

Inventory New Listings Buyers Sellers 534

Housing Wire

JULY 13, 2021

Two of my buyers just had their offers accepted because the sellers’ first buyers backed out. 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.” But recently, we’ve started to see buyers get cold feet.

Inventory 511

Inventory Housing Market Real Estate Agent Buyers 511

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 505

Inventory New Listings Mortgage Retail 505

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 536

Inventory New Listings Mortgage Law 536

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 540

Housing Market Marketing Mortgage Inventory 540

Housing Wire

JANUARY 13, 2024

So let’s hope for more home sellers in 2024. 6-13): Inventory rose from 471,349 to 473,406 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 is 569,898 For context, active listings for this week in 2015 were 931,002 I don’t want to jinx this because active inventory rose last year at this time. 2022 21.7%

Inventory 534

Inventory New Listings Retail Mortgage 534

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.

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Housing Market Mortgage Marketing Inventory 544

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. How quickly would sellers return if rates were lower?

Inventory 459

Inventory Sellers Mortgage Marketing 459

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 525

Inventory Housing Market Marketing New Listings 525

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 When we were coming out of COVID we were seeing 15 to 20 offers on a house, where you’d have to make a spreadsheet to show your seller. as of March 6, 2024.

Housing Market 468

Housing Market Buyers Agents Marketing 468

Housing Wire

SEPTEMBER 3, 2024

year over year in Q2 2024 and were 61% below peak activity levels of 2021. 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.

Mortgage 501

Mortgage Inventory Buyers Sellers 501

Housing Wire

SEPTEMBER 24, 2024

According to data from Altos Research , the median home price jumped by almost 20% in the first seven months of the pandemic, then jumped another 11% in the first four months of 2021. This was followed by a 15% crash in the second half of 2021. New listings have stalled as a result of rising inventory.

Housing Market 459

Housing Market Marketing Property Taxes Inventory 459

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 482

Inventory Housing Market New Listings Mortgage 482

Housing Wire

SEPTEMBER 26, 2023

This is a demand-driven slowdown, because new listings supply is still running 9% to 10% fewer homes for sale each week than this time last year. We’re seeing fewer new sellers each week, but inventory is building as homebuyers wait to see if mortgage rates will come down to make purchases more affordable. from last week.

Inventory 505

Inventory Contracts New Listings Mortgage 505

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 369

Inventory New Listings Contracts Sellers 369

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 459

Buyers Marketing Inventory Investors 459

Housing Wire

NOVEMBER 18, 2022

million in October 2021). Seasonal impacts are the norm with housing, and new listing data is negative 6% year to date. We saw new listing data decline when rates got to 6.25% the first time. from October 2021 ($355,700), as prices rose in all regions. NAR Research : Total existing-home sales decreased 5.9%

Inventory 493

Inventory Marketing Housing Market New Listings 493

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