Housing Wire

MAY 28, 2024

New listings climbed during the past week and there are now 72,000 more single-family homes on the market. It appeared that new listings might be on the decline already, but the pace picked up a tad this week, which is encouraging. You can also see the light red line from 2022 when rates were first skyrocketing.

Inventory 534

Inventory New Listings Contracts Sellers 534

Housing Wire

JULY 15, 2024

If we look at the housing market right now, sales are down, new listings are down and prices are decelerating. Home prices and new listings dipped too. Contrast this week to 2022, when inventory rose by 3% during the holiday week. The newly listed homes for sale were priced 1% less than last year at this time.

Housing Market 497

Housing Market New Listings Marketing Mortgage 497

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 524

Mortgage Inventory New Listings Contracts 524

Housing Wire

MARCH 25, 2024

New listings Each week this spring we’ve been tracking the new listings volume. Last week we saw just over 60,000 new listings added to the inventory with another 17,000 new listings / immediate sales. In total, new listings data is 14% more than last year. A year with 5.5

New Listings 511

New Listings Inventory Contracts Sellers 511

Housing Wire

OCTOBER 31, 2023

At least, that’s what the data seems to suggest as inventory grows and new listings decline at a less aggressive rate than last year. 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.

New Listings 511

New Listings Inventory Contracts Housing Market 511

Housing Wire

OCTOBER 26, 2024

Since mid-2022 when mortgage rates headed higher , two facts have been apparent: new listings data has been trending at the lowest levels ever recorded in history and inventory has been able to grow from record low levels thanks to mortgage rates staying elevated. Let’s see what the data for last week tells us.

Inventory 522

Inventory Sellers New Listings Mortgage 522

Housing Wire

NOVEMBER 27, 2023

You also know that new listings are up over last year, too. New listings volume is up, too. There were 58,000 new listings this week, with 10,000 of those homes already under contract as immediate sales. We had 52,000 new pending sales this week. Short on time?

New Listings 508

New Listings Contracts Inventory Housing Market 508

Housing Wire

OCTOBER 19, 2024

We have had three weeks of positive year-over-year growth in both purchase application data and weekly pending contract data, with last week showing a noticeable jump from last year. Weekly pending sales Below is the Altos Research weekly pending contract data to show real-time demand. Weekly inventory change (Oct 11-Oct.

Inventory 518

Inventory New Listings Mortgage Contracts 518

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. That’s actually 3% fewer new listings than last week. We have more sellers than last year, but not a lot.

New Listings 493

New Listings Contracts Inventory Sellers 493

Housing Wire

JULY 29, 2024

New home sales contracts are coming in pretty consistently fewer than last year — 4.9% Our Immediate sales measure of homes that get listed, take offers and go into contract in a few days is also notably lower than last year. On the supply side, new listings are slightly more than a year ago, but pulling back.

Housing Market 436

Housing Market Marketing Inventory New Listings 436

Housing Wire

JULY 8, 2024

Massachusetts and New York, for example, are still just coming off the record tight markets of the pandemic, but that trend is changing — finally. New listings show 12% more sellers than a year ago When we look at the new supply hitting the market each week, we see the same trend we’ve had for a few months.

Inventory 482

Inventory Contracts Sellers New Listings 482

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 508

Mortgage Inventory New Listings Contracts 508

Housing Wire

SEPTEMBER 25, 2024

Home prices jump The median price of the homes that went into contract this week jumped to $389,900. It’s the second week in a row with an uptick in the price of the homes going into contract. New listings healthy There were 70,000 new listings unsold for single-family homes this week.

Inventory 455

Inventory New Listings Sellers Contracts 455

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.

Housing Market 476

Housing Market Mortgage Inventory Marketing 476

Housing Wire

OCTOBER 13, 2024

Remember that 2023 had the lowest new listings data ever and 2024 will have the second lowest. Here are new listings for last week over the past several years: 2024: 62,876 2023: 57,229 2022: 59,458 Price-cut percentage In an average year, one-third of all homes take a price cut — this is standard housing activity.

Inventory 509

Inventory New Listings Retail Mortgage 509

Housing Wire

NOVEMBER 2, 2024

9, 2022, I showed how housing dynamics shifted by tracking forward-looking data. Pending contracts First, we must realize that we are working with the third calendar year of the lowest home sales ever recorded, once you adjust that number to the workforce. I have long believed that it’s rare in the U.S. Back on Nov.

Inventory 516

Inventory New Listings Mortgage Contracts 516

Housing Wire

JUNE 3, 2024

These are the homes that go into contract immediately after listing. We also see new pending sales slowing and price reductions ticking up. New listings dry up On the other hand, inventory can’t build too much if sellers don’t sell. There were only 63,000 new listings this week.

Inventory 516

Inventory Contracts New Listings Sellers 516

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 507

Mortgage Inventory Marketing New Listings 507

Housing Wire

JULY 22, 2024

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. New listings rise This week saw 69,000 new single family listings unsold. So that’s a total of 84,000 total new sellers for single-family homes this week.

Buyers 486

Buyers Inventory New Listings Sellers 486

Housing Wire

AUGUST 6, 2024

New listings ticked down Most of the total inventory fluctuations have been demand-driven this year. When we look at the new listings pace, there’s no sign of a plethora of sellers are reaching the market. When we look at the new listings pace, there’s no sign of a plethora of sellers are reaching the market.

Mortgage 482

Mortgage Inventory New Listings Contracts 482

Housing Wire

JUNE 22, 2024

Purchase application data When mortgage rates fell more than 1% lower in late 2022 and 2023, we saw a sustained bounce higher in purchase application data, which eventually lead to a higher monthly sales print. Now, context is critical; 2023 new listings data was at the lowest levels ever and 2024 looks to be second in the book.

Mortgage 469

Mortgage Inventory New Listings Contracts 469

Housing Wire

AUGUST 17, 2024

While I didn’t get my minimum target of 80,000 new listings during this year’s peak seasonal weeks, I am pleased we saw growth. I did get a bit excited two weeks ago with the pick-up of new listings as mortgage rates fell, but we didn’t get as good a follow-through this week. Weekly inventory change (Aug.

Inventory 518

Inventory Mortgage New Listings Contracts 518

Housing Wire

MARCH 18, 2024

This week in 2022 was the last of the 3% mortgages. There are 250,000 more homes on the market now then when we exited the pandemic boom in March 2022. At this moment in 2022, interest rates and inventory had started rising quickly together as the pandemic boom ended. Mortgage rates were still in the 3s in early March 2022.

Inventory 466

Inventory New Listings Sellers Contracts 466

Housing Wire

APRIL 1, 2024

As mortgage rates rose starting in 2022, payment affordability got dramatically worse and homebuyer demand dried up. New listing volume last week was 18% more than a year ago. Pending sales Last week saw 69,000 new contracts for single-family home purchases across the country. More sellers means more sales in 2024.

Inventory 488

Inventory New Listings Contracts Sellers 488

Housing Wire

MAY 20, 2024

It’s not as steep as 2022 — the market now is not shifting as quickly from big growth to price declines, like it did briefly about 18 months ago. But we can see that there is an upper limit to affordability for homebuyers and sellers should absolutely be aware of this before they list their homes.

Inventory 467

Inventory New Listings Sellers Contracts 467

Housing Wire

APRIL 22, 2024

New listings Growing inventory is not just about slowing demand. At 69,000 new listings unsold today, that’s 3% more than a week ago and 14% more than this time last year. In fact, there are more new sellers this week than in any week of 2023. In fact, there are more new sellers this week than in any week of 2023.

Inventory 529

Inventory New Listings Sellers Contracts 529

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. 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.

Inventory 526

Inventory New Listings Contracts Mortgage 526

Housing Wire

OCTOBER 7, 2024

Pending home sales continue to climb There are 362,000 single-family homes under contract. This is measuring the total count of homes that are under contract now. We’re showing 6% more homes under contract now than last year. Homes stay under contract for 30 to 40 days. Rates spiked in the autumn of 2022.

Housing Market 475

Housing Market Marketing Mortgage Contracts 475

Housing Wire

DECEMBER 4, 2023

New listings and home sales remain low this week while available inventory of unsold homes is finally falling across the country after rising with mortgage rates late into November. Home prices will also be up and we have more homes under contract than we did at the end of 2022. We want new listings volume to show growth.

Housing Market 505

Housing Market Marketing Inventory New Listings 505

Housing Wire

NOVEMBER 4, 2024

This week, we count 14% more homes in the contract pending stage now than a year ago. Another tricky part of communicating this news is that home sales aren’t suddenly great. New listings rise There were just under 61,000 new listings unsold this week. For whatever reason, the trend seems to be holding now.

Inventory 371

Inventory New Listings Sellers Contracts 371

Housing Wire

JANUARY 8, 2024

These are very clear trends as we start the new year. 2022 started insanely strong and weakened rapidly in the second quarter. There are now 247,000 single family homes in contract. That is 4.25% more homes in contract now than last year at this time. If they have buyers, the price of the new listings spikes up quickly.

Real Estate 508

Real Estate Marketing Inventory New Listings 508

Housing Wire

APRIL 29, 2024

The weekly volume of new listings is now higher than at anytime last year. In addition to a higher number of new listings, there were also more new contracts started this week than in any week in 2023. You have to go back to July 2022 to find this much seller activity in a given week. orate further?

Sellers 508

Sellers Marketing Inventory Contracts 508

Housing Wire

AUGUST 7, 2023

There are 10% fewer homes on the market now than there were in 2022 at this time. In fact, in 2022 inventory had also peaked in August, rounded the top and started declining for the fall when interest rates spiked in September. So, the number of homes on the market in 2022 increased in September and October which was very unusual.

Inventory 355

Inventory New Listings Contracts Sellers 355

Housing Wire

SEPTEMBER 3, 2024

New listing numbers are low There were just 59,000 new listings unsold this week for single-family homes. There were another 10,000 new listings that immediately sold. Pending home sales stay the same There were 64,000 new contracts pending this week for single-family homes.

Inventory 440

Inventory New Listings Contracts Buyers 440

Housing Wire

APRIL 15, 2024

Available inventory of unsold homes on the market is 30% greater than last year at this time and 102% more than in mid-April 2022. In early 2022, inventory rose quickly and home prices fell in Q4 of that year. There were 66,000 new listings unsold last week plus another 20,000 immediate sales for 86,000 total new listings.

Inventory 457

Inventory Mortgage New Listings Sellers 457

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. So, this is a positive 12-week curve.

Inventory 538

Inventory Mortgage New Listings Housing Market 538

Housing Wire

JULY 1, 2024

Inventory , new listings, etc. New listings volume peaked a few weeks ago. While there won’t be a big drop off for new listings in July, we can assume we’ll have fewer sellers each week through the rest of the year. There won’t be a big drop-off in new listings volume in July.

Real Estate 430

Real Estate New Listings Inventory Marketing 430