Housing Wire

MAY 8, 2024

Housing credit channels directly impact housing inventory channels. 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. This matters because inventory was already heading toward all-time lows before COVID-19.

Inventory 518

Inventory Law New Listings Sellers 518

Housing Wire

FEBRUARY 4, 2024

How will mortgage rates impact seasonal inventory in 2024? In the last four years, we have had abnormal seasonal inventory data, meaning that the spring inventory bottom happens later in the year. This is due to demand rising late in one year, pushing through the early part of the next year and preventing inventory growth.

Inventory 523

Inventory Mortgage New Listings Housing Market 523

Housing Wire

JANUARY 20, 2023

On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. And existing home sales crashed in 2022 from a peak of around 6.5 In one of the most historical years in the U.S. The days on market were too low.

Inventory 541

Inventory Housing Market New Listings Marketing 541

Housing Wire

APRIL 20, 2023

months’ worth of housing inventory in the U.S. In the chart below, with the red lines drawn, you can see how different the sales crash in 2022 was compared to the last two times rates rose and sales fell. million in March 2022). million in March 2022). Unsold inventory sits at a 2.6-month We only have 2.6

Inventory 531

Inventory Housing Market Marketing New Listings 531

Housing Wire

APRIL 23, 2023

Since 2020, the seasonal bottom for housing inventory has arrived several months later than normal, making it more complicated to track housing inventory data. Still, we have some promising signs that we might have finally hit the inventory bottom for 2023. Again, I am a bit mindful here due to Easter.

Inventory 545

Inventory Housing Market Marketing New Listings 545

Housing Wire

NOVEMBER 25, 2023

However, the recent drop in housing inventory has more to do with seasonality factors than lower mortgage rates. Higher mortgage rates did push inventory higher during the seasonal period when it would normally be declining. The question now is what will inventory look like in the spring if mortgage rates keep falling?

Inventory 537

Inventory Mortgage New Listings Buyers 537

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The fear of not having an increase in inventory this spring should be put to rest. Since 2020, the seasonal inventory bump has happened later than usual — not until March or April.

Inventory 525

Inventory Housing Market Marketing New Listings 525

Housing Wire

NOVEMBER 11, 2023

Total housing inventory growth has been slow in 2023, but with rising mortgage rates over the last few months, inventory has grown a bit faster than average. The question now is: Have we hit the seasonal peak in inventory for 2023? Last year, according to Altos Research , the seasonal peak for housing inventory was Oct.

Inventory 505

Inventory New Listings Mortgage Retail 505

Housing Wire

JULY 23, 2024

Sinking sales, rapidly rising inventory and prices at all-time highs — this is the state of the market for existing homes. That’s according to June’s existing-home sales data from the National Association of Realtors (NAR), which reflect the problems that have hampered housing markets since mortgage rates began to rise in 2022.

Inventory 508

Inventory Buyers Sellers Inspection 508

Housing Wire

JANUARY 9, 2023

The housing market saw inventory fall 4% last week from the week before. Does that mean we are heading back to all-time lows in inventory again for 2023? During the last four weeks and especially this past week, we are seeing inventory decline faster than expected. Weekly housing inventory. Weekly inventory change: (Dec.

Inventory 542

Inventory Housing Market Marketing New Listings 542

Housing Wire

APRIL 1, 2024

As mortgage rates rose starting in 2022, payment affordability got dramatically worse and homebuyer demand dried up. Total available inventory is gradually climbing about 1% per week — last year it was still declining in April. As we roll into the second quarter, we should have accelerating inventory growth each week.

Inventory 488

Inventory New Listings Contracts Sellers 488

Housing Wire

MARCH 18, 2024

real estate market were for inventory growth, sales growth and home-price growth across the U.S. Of my initial expectations this year — rising inventory, rising sales rates, rising prices — only rising inventory remains clear at this moment as we finish Q1 with rising interest rates. As we started 2024, the signals in the U.S.

Inventory 468

Inventory New Listings Sellers Contracts 468

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. Weekly housing inventory The numbers this week are unfortunate: inventory should be growing like it does at this time every year.

Inventory 505

Inventory Housing Market Marketing New Listings 505

Housing Wire

AUGUST 19, 2024

Unsold inventory of homes for sale has been on the rise all year. It hasn’t turned the corner yet — inventory rose across the country this week — but at less than 1% rate. There are some signs that inventory growth is slowing with newly lower mortgage rates and the end of the summer. Texas inventory grew by 1.5%

Inventory 435

Inventory New Listings Sellers Buyers 435

Housing Wire

JULY 8, 2024

There have been a few markets; however, that have defied the national trends where inventory has stayed tighter and demand keeps rolling in. Available inventory of unsold homes in the U.S. Inventory rose just over 1% this week Available inventory of unsold single-family homes rose by just over 1% this week to 653,000.

Inventory 482

Inventory Contracts Sellers New Listings 482

Housing Wire

JULY 2, 2023

Housing inventory finally broke under 2022 levels last week. To give you an idea how different this year is from last year, last week in 2022, active listings grew 30,940 while this year they only grew 5,848. Since May 15, that trend has continued to the point that inventory in America is now negative year over year.

Inventory 482

Inventory Housing Market Marketing New Listings 482

Housing Wire

JUNE 21, 2024

Both existing housing inventory and home prices have been rising together year over year, which might seem odd at first glance since existing home sales are trending near all-time lows. Existing home sales aren’t crashing as they did in 2022, when we saw home-price declines in the second half of 2022.

Inventory 482

Inventory Housing Market New Listings Contracts 482

Housing Wire

JANUARY 16, 2023

Housing inventory increased by 1,339 homes nationwide. The weekly inventory data, which had fallen faster than I had anticipated the last few weeks, has now seen a slight uptick. One caution is that this data line took a waterfall dive, wiping out seven years of growth in 2022. Weekly housing inventory.

Inventory 534

Inventory Housing Market Marketing Mortgage 534

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.

Inventory 516

Inventory Housing Market Marketing Mortgage 516

Housing Wire

MARCH 23, 2023

If there’s one sector of the economy that benefits from the very low levels of total housing inventory , it’s the homebuilders , but for a reason you might not think. If national housing inventory were back to normal, we would have 2 to 2.5 percent) below the February 2022 estimate of 790,00. percent (±15.3 percent (±12.9

Inventory 545

Inventory Housing Market Construction Marketing 545

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. 2022-2023: The high-rate environment Over two years, the Federal Reserve hiked rates 11 times for a total increase of 5.25

Inventory 459

Inventory Sellers Mortgage Marketing 459

Housing Wire

APRIL 15, 2024

Higher mortgage rates have forced available inventory to climb all year. Housing inventory There are now 526,000 single-family homes active unsold on the market. jump in unsold inventory in a week is very notable. As mortgage rates rise, inventory rises. Or, to put it another way: demand slows, inventory grows.

Inventory 459

Inventory Mortgage New Listings Sellers 459

Housing Wire

FEBRUARY 6, 2023

Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. We are working from a shallow bar in this index – seven years of growth were taken away in one year in 2022. We have had back-to-back weeks of noticeable decline in the Altos weekly inventory data.

Inventory 488

Inventory Housing Market Marketing New Listings 488

Housing Wire

JUNE 24, 2024

Inventory grew by almost 14,000 homes this week. Available inventory of unsold homes continues to grow but that growth in seems a bit less intense than it could be. He expects the second half of the year to see even more inventory growth. Inventory increases by 2.2% Sellers can just wait it out, and it looks like the U.S.

Inventory 457

Inventory Sellers New Listings Property Taxes 457

Housing Wire

JULY 19, 2024

They say everything is bigger in Texas — and apparently that includes housing inventory growth. “With today’s higher rates, some buyers are sitting on the sidelines and hoping rates or home prices come down.” Houston inventory was up 42.5% compared to the same period last year. and months of supply grew to 4.2.

Inventory 476

Inventory Realtors Housing Market Buyers 476

Housing Wire

AUGUST 14, 2024

If homes are priced appropriately and marketed well, buyers will make offers. The buyer] got a deal,” Weinstein said of the $600,000 purchase price. The loss of population has softened housing demand, as has the rapid rise in mortgage rates that began in the spring of 2022. The buyers in the market tend to fit a similar profile.

Buyers 468

Buyers Housing Market Marketing Sellers 468

Housing Wire

AUGUST 29, 2024

Unsold inventory of homes on the market has been climbing in the U.S. In general, inventory rises with rates because more expensive money slows demand. When demand slows, inventory grows. Inventory is climbing but it’s still pretty restricted. And importantly, inventory isn’t growing everywhere equally.

Inventory 482

Inventory Real Estate Housing Market Construction 482

Housing Wire

JULY 22, 2024

Inventory sees a big jump There was a pretty big inventory jump of 2.6% We’re rebounding inventory after the holiday, so it’s not that much of a surprise, and it’s less of a jump than what was happening at this time in 2022. will be significant enough move in rates to move the needle for buyers.

Buyers 488

Buyers Inventory New Listings Sellers 488

Housing Wire

OCTOBER 3, 2023

As housing inventory builds in the housing market due to waning buyer activity, home prices show little to no signs of letting up. Inventory continues to move up Available inventory of single-family homes for sale this week rose to 535,000 units, up 1.2% None of the inventory increase is from a surge of sellers, though.

Inventory 435

Inventory Sellers Buyers New Listings 435

Housing Wire

APRIL 23, 2024

New home sales have been one of the brighter housing stories since the home sales crash in 2022 — as we can see in the chart below, new home sales have been able to grow since then. This is one reason why the homebuilder stocks have done so well since November of 2022. The monthly supply of new homes is still at an elevated level of 8.3

Inventory 514

Inventory Construction Mortgage Buyers 514

Housing Wire

SEPTEMBER 26, 2023

Available inventory of homes for sale is on the rise in late September, which is very unusual for this time of year. In fact, inventory is growing faster than this time a year ago. What’s happening with inventory? Normally by this point in September, available inventory is declining slightly each week.

Inventory 505

Inventory Contracts New Listings Mortgage 505

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. home sale price rose 3% year over year, reaching $420,846 in August, the largest annual increase since October 2022. the month prior.

Sellers 516

Sellers Buyers Real Estate Agent Inventory 516

Housing Wire

JULY 23, 2024

Record-high home prices and elevated mortgage rates are prompting buyers to back out of home purchase agreements at elevated levels. Redfin ’s newest housing market report shows that buyers backed out of 56,000 purchase agreements in June, which constitutes 14.9% This share also breached 16% in October 2022 and October 2023.

Buyers 459

Buyers HOA Property Taxes Inspection 459

Housing Wire

AUGUST 26, 2024

year over year in July to reach their highest level since October 2022. But increased levels of inventory in this segment kept appreciation lower compared to other pricing buckets. year over year to its highest level since October 2022. Still, inventory is down compared to pre-pandemic levels.

Buyers 448

Buyers Inventory Marketing Contracts 448

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 We are still going to suffer from lack of inventory.”

Housing Market 468

Housing Market Buyers Agents Marketing 468

Housing Wire

MAY 14, 2024

“Most of the demand is coming from first-time buyers,” Trevor Levin, a local agent with Los Angeles-based Nourmand & Associates , said. Nationwide, the share of buyers who are first-time buyers has risen in recent months. Nationwide, the share of buyers who are first-time buyers has risen in recent months.

Buyers 448

Buyers Inventory Landlords Real Estate 448

Housing Wire

MARCH 26, 2023

These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. Active inventory fell 1,109, and new listing data made a lovely comeback week to week but was still noticeably down year over year. In a regular market, they would be closer to 5.25%. million.

Inventory 476

Inventory Housing Market Marketing Mortgage 476