Housing Wire

SEPTEMBER 25, 2024

The 11% increase in the MBA’s overall applications index — boosting the index to its highest point since July 2022 — was fueled primarily by refinances , which rose 20% from the prior week and are now 175% higher compared to the same week in 2023. Purchase loan applications saw more modest increases of 0.4%

Mortgage 425

Mortgage Retail Contracts Government 425

Housing Wire

DECEMBER 30, 2024

Inventory continues to contract There are now 651,000 single-family homes unsold on the market across the U.S. Well see another week of inventory contraction this week with New Years mid-week. Total pendings increase When we look at sales volumes, there are 269,000 single-family homes under contract. fewer than a week prior.

Housing Market 543

Housing Market Marketing New Listings Inventory 543

Housing Wire

DECEMBER 28, 2024

For example, in March 2022, there were only 240,000 homes available for sale. New listings data for last week over the past few years: 2024: 32,462 2023: 24,462 2022: 19,128 Price-cut percentage In an average year, its common for about one-third of all homes to see a price cut, reflecting the usual dynamics of the housing market.

Inventory 506

Inventory Housing Market Marketing New Listings 506

Housing Wire

JANUARY 29, 2024

The lawsuit states that Atlantic Trust signed a wholesale broker agreement with UWM in January 2018 but agreed to amend the contract to add the “All-In Initiative” in December 2022. Therefore, we will follow the agreed upon contract and win damages.” UWM on Thursday when filed a lawsuit in a U.S.

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Contracts Loan Officers Lending Retail 448

Housing Wire

MAY 28, 2024

You can also see the light red line from 2022 when rates were first skyrocketing. Inventory in 2022 was building much more quickly than it is now. There were 72,000 new listings unsold and another 18,000 listings that are already under contract (i.e., Pending sales There are 404,000 single-family homes in contract now.

Inventory 515

Inventory New Listings Contracts Sellers 515

Housing Wire

MARCH 25, 2024

We can measure home sales in real time by tracking all the homes that moved to contract pending status this week. They’ll spend 30 or 40 days in contract and the sales will mostly close in April or May. There were 67,000 new contracts for single family homes this week compared to only 62,000 in the same week last year.

New Listings 496

New Listings Inventory Contracts Sellers 496

Housing Wire

JANUARY 13, 2023

This article is part of our 2022 – 2023 Housing Market Update series. 2022 marked a unique time for homebuilders. Our upcoming State of the Residential Construction Industry (SORCI) Report will reflect how builders have braced for impact: Despite the rate of new contracts slowing, margins didn’t decrease. Subcontractor Delays.

Marketing 464

Marketing Contracts Supply Chain Project Management 464

Housing Wire

NOVEMBER 27, 2023

There were 58,000 new listings this week, with 10,000 of those homes already under contract as immediate sales. Pending sales make a surprising jump Here’s the surprising data point that stands out: Each week, we’re seeing more new contracts started than last year at this time. We had 52,000 new pending sales this week.

New Listings 499

New Listings Contracts Inventory Housing Market 499

Housing Wire

SEPTEMBER 28, 2024

Housing demand is very seasonal, so the fact that our pending contract data is firming up lately just shows that lower mortgage rates have stabilized and firmed up demand recently. Weekly pending sales Below is the Altos Research weekly pending contract data to show real-time demand. Weekly inventory change (Sept.

Mortgage 506

Mortgage Inventory New Listings Contracts 506

Housing Wire

OCTOBER 31, 2023

New listings decline isn’t as steep as a year ago There were only 53,000 new listings (single-family homes) unsold this week, plus 10,000 more new listings that are already in contract. Soaring mortgage rates stifle buyer demand There are only 319,000 single-family homes in the contract- pending stage.

New Listings 483

New Listings Inventory Contracts Housing Market 483

Housing Wire

JANUARY 2, 2024

We have more homes going into contract each week now than we did a year ago — supply and demand are climbing together. That’s fewer than last week of course it’s the holidays, but it’s almost 5% more than where we ended 2022. There are now 258,000 single family homes in contract. more homes in contract now than a year ago.

Housing Market 530

Housing Market Marketing Inventory Contracts 530

Housing Wire

JANUARY 29, 2024

The headline was an impressive 8% jump over December of 2022. Homes in contract rises There are more homes in contract now than last year at this time. Sales growth is not guaranteed This week there were 56,000 contracts started for single-family home purchases. So, this growth is fragile. Finally back to growth.

Contracts 424

Contracts Inventory Housing Market Mortgage 424

Housing Wire

JANUARY 4, 2023

The lender said that despite not formally renewing the contract, CAVU continued to provide the services as of September 2022. The employees’ PrimeLending contracts had non-solicitation, non-interference and confidentiality clauses, according to the lawsuit.

Loan Officers 456

Loan Officers Contracts Mortgage Legal 456

Housing Wire

JULY 6, 2024

In March of 2022, we only had 240,000 active single-family homes available for sale, leading me to call the housing market savagely unhealthy as we simply had too many people chasing too few homes. Now that we are halfway through the year, we can see that active inventory in America is growing, unlike what happened in 2023.

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Housing Market Mortgage Inventory Marketing 465

Housing Wire

APRIL 29, 2024

In addition to a higher number of new listings, there were also more new contracts started this week than in any week in 2023. Unsold inventory now is almost 32% higher than at this time last year — and it’s 90% higher compared to the end of April 2022. In 2022, sales dwindled in the second half of the year and have yet to recover.

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Sellers Marketing Inventory Contracts 481

Housing Wire

JULY 13, 2024

However, let’s keep an eye out on this story over the next six months because of what late 2022 and 2023 data has shown us: if the mortgage rates fall and we can get at least two to three months’ worth of positive data, it will show up in the future existing home sales report. have higher inventory data than the national data.

Mortgage 499

Mortgage New Listings Inventory Contracts 499

Housing Wire

DECEMBER 7, 2024

We also see growth in our pending contract data compared to 2022 and 2023. Weekly pending sales The weekly pending contract data from Altos Research offers an insightful look into real-time housing demand. 2022: 42% The week ahead: Inflation week! However, like most housing data, this information is quite seasonal.

New Listings 498

New Listings Inventory Contracts Housing Market 498

Housing Wire

JANUARY 12, 2022

7, 2022, according to a survey published by the Mortgage Bankers Association this week. Here is a more detailed breakdown of this week’s mortgage applications data: The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 3.52% from 3.33%.

Mortgage 467

Mortgage Contracts Inventory 467

Housing Wire

JUNE 3, 2024

These are the homes that go into contract immediately after listing. Only 17% of the new listings went immediately into contract this week. Of the 76,000 new listings, 13,000 are already in contract. 17% is significantly fewer than last year at this time or even 2022 when the market was changing so dramatically.

Inventory 487

Inventory Contracts New Listings Sellers 487

Housing Wire

JULY 20, 2024

Low inventory has plagued the housing market since the pandemic, plummeting to all-time lows in March of 2022 when we only had 240,000 single-family homes available for sale. Compared to the purchase application data, these are live weekly contracts, where purchase apps data looks out 30-90 days. Today that number is 668,383.

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Inventory New Listings Contracts Mortgage 521

Housing Wire

JULY 8, 2024

There were another 16,000 new listings that are already under contract as immediate sales — that’s 87,000 total sellers this week. In the first week of July 2022, there were 90,000 new listings unsold and another 24,000 immediate sales. This week recorded 8% fewer contracts than a year ago. So what do we see now?

Inventory 468

Inventory Contracts Sellers New Listings 468

Housing Wire

JULY 15, 2024

Contrast this week to 2022, when inventory rose by 3% during the holiday week. That’s a very small number of new listings that took offers and went into contract immediately. There were 58,000 new contracts this week — about the same level as the last two years over the holiday. Home prices and new listings dipped too.

Housing Market 486

Housing Market New Listings Marketing Mortgage 486

Housing Wire

NOVEMBER 6, 2023

Additionally, there are 62,000 new listings this week, with 9,000 of those already under contract. Transaction volume no longer decreasing YoY Pending contracts saw fewer sales compared to last year until October. That means the market looks a little more stabilized than it did in the fourth quarter of 2022. Plus, 39.2%

Housing Market 489

Housing Market Marketing Inventory Contracts 489

Housing Wire

MAY 13, 2024

Remember that, back in 2022, as mortgage rates were rising quickly, so too was inventory. By mid-May 2022, inventory had overtaken the level of the year prior and we were moving out of the COVID-19 pandemic. Pending sales The total count of homes under contract is just barely above that of May 2023. Home sales peak in June.

New Listings 425

New Listings Contracts Inventory Sellers 425

Housing Wire

NOVEMBER 30, 2024

Weekly pending sales The weekly pending contract data from Altos Research gives us an extraordinary glimpse into real-time housing demand. It’s encouraging to see pending contracts holding up year over year, even though home prices and mortgage rates have been higher recently. Weekly inventory change (Nov.

Mortgage 503

Mortgage Inventory New Listings Contracts 503

Housing Wire

OCTOBER 28, 2024

The median price of the homes that went into contract this week — these are the new purchase offers with contracts pending — is now 6% greater than last year. These are the homes that got listed for sale and took offers and went into contract within just a few days of listing. The big change in rates was 2022.

Inventory 414

Inventory New Listings Sellers Contracts 414

Housing Wire

MAY 6, 2024

There are now 83% more homes on the market than in May 2022. These are new listings that are already under contract, so they’re not counted in the active inventory. In 2022, however, there were 105,000 single-family homes listed for sale in the first week of May. There were 78,000 new contracts pending for single-family homes.

Inventory 426

Inventory Contracts Sellers New Listings 426

Housing Wire

JUNE 15, 2024

Mortgage spreads The spread between the 30-year mortgage rate and the 10-year yield has been an issue since 2022 and things got worse after the March 2023 banking crisis. If mortgage rates keep falling and demand picks up, we will have a much better buffer with active inventory than in 2022 and 2023.

Mortgage 471

Mortgage Inventory Marketing New Listings 471

Housing Wire

NOVEMBER 23, 2024

Weekly pending sales The Altos Research weekly pending contract data provides insights into real-time demand. Even today, the pending contract data remains resilient despite higher home prices and mortgage rates than last year. Last week saw 2% week-to-week growth but was down 1% year over year. Weekly inventory change (Nov.

Mortgage 488

Mortgage Inventory New Listings Contracts 488

Housing Wire

NOVEMBER 16, 2022

The 30-year fixed rate saw the largest single-week decline since July 2022, dropping to 6.9%.”. year over year, marking the smallest 12-month increase since the year ending in January 2022. The trade group estimates the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) dropped to 6.9%

Mortgage 542

Mortgage Retail Contracts Marketing 542

Housing Wire

SEPTEMBER 26, 2023

The home sales that are in contract now will close mostly in October. There are now 344,000 single-family homes in contract to close in the next couple months. Looking ahead to the end of 2023 So the question is will Q4 this year be a little better than Q4 2022? The price of the new contracts this week came in at $370,000.

Inventory 503

Inventory Contracts New Listings Mortgage 503

Housing Wire

OCTOBER 12, 2022

trillion in 2022, a $78 billion decline from last month’s forecast. million in 2022 and 3.93 annualized in the third quarter of 2022 due to strong net export and inventory investment activity, before contracting 0.7% contraction in real GDP in 2023. The mortgage market is projected to slip further to $1.3

Contracts 448

Contracts Modernization Housing Market Mortgage 448

Housing Wire

APRIL 1, 2024

As mortgage rates rose starting in 2022, payment affordability got dramatically worse and homebuyer demand dried up. Pending sales Last week saw 69,000 new contracts for single-family home purchases across the country. That brings us to 367,000 single-family homes in the contract pending stage. That’s 5% higher than a year ago.

Inventory 487

Inventory New Listings Contracts Sellers 487

Housing Wire

JUNE 8, 2024

Mortgage spreads The spread between the 30-year mortgage rate and the 10-year yield has been an issue since 2022, and in 2023, things got worse after the March 2023 banking crisis. However, we always keep track of this data line because if rates fall like they did late in 2022 and 2023, we need to keep track of the weekly data.

Mortgage 491

Mortgage Inventory New Listings Contracts 491

Housing Wire

APRIL 22, 2024

There were 71,000 new contracts started for single-family homes this week. There are still 8% fewer sales happening each week than in 2022. In 2022, the new sales rates really cratered after the Fourth of July holiday. There are now 385,000 single-family homes under contract. That jumped by 2.4%

Inventory 479

Inventory New Listings Sellers Contracts 479

Housing Wire

AUGUST 6, 2024

Pending home sales up The number of new contracts ticked up a couple percentage points this week to 66,000, with another 13,000 condo sales started. This is the count of all the contracts started for home sales in a given week. These homes were on the market and are now in contract. This makes sense, of course.

Mortgage 473

Mortgage Inventory New Listings Contracts 473

Housing Wire

OCTOBER 16, 2023

The leading indicators for sales prices show that 2023 will end with home price gains of 1-2% over 2022, but the 2024 outlook is weakening and depends on your view of mortgage rates in Q1 and whether home prices will appreciate next year. There are only 326,000 single-family homes in the contract pending stage. fewer than last year.

Inventory 467

Inventory Contracts Sellers New Listings 467