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.

Mortgage 514

Mortgage New Listings Inventory Contracts 514

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

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. New listings havent hit the numbers I hoped for this year; I got close, but its off by 5,000.

New Listings 505

New Listings Inventory Contracts Housing Market 505

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

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. Still, when it’s all said and done, 2024 will be the second-lowest new listings year in history.

Mortgage 514

Mortgage Inventory New Listings Contracts 514

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

JANUARY 4, 2025

Our weekly pending contract data has shown year-over-year growth for some time now, even with elevated mortgage rates. Weekly pending sales The latest weekly pending contract data from Altos Research offers critical insights into real-time trends in housing demand. Has the spring home-buying season already begun?

New Listings 508

New Listings Inventory Contracts Mortgage 508

Housing Wire

OCTOBER 21, 2024

If you’ve been paying attention, you know that the housing supply isn’t just the unsold inventory, it’s also a factor of new listings volume each week. The signal that we watch for in the new listings count is whether there are too many sellers. New listings up There were just over 60,000 new listings unsold this week.

Sellers 468

Sellers Inventory New Listings Contracts 468

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 501

New Listings Contracts Inventory Sellers 501

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. Florida had an uptick in inventory with a bit of a rebound in new listings now that the storms are over. Home prices ticked up this week.

Inventory 476

Inventory New Listings Sellers Contracts 476

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 525

Mortgage Inventory New Listings Contracts 525

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

DECEMBER 21, 2024

Despite this, we had positive data on existing home sales , purchase applications, and our weekly pending contract figures. Total active listings are experiencing their traditional seasonal decline, but with less than two weeks left in the year, its evident that there are ready homebuyers in America. Weekly inventory change (Dec.

Housing Market 505

Housing Market Marketing Inventory New Listings 505

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 531

Inventory New Listings Sellers Contracts 531

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

JANUARY 6, 2025

The New Years week was expected to be slow, so it’s no surprise that new listings and sales are down. The Christmas and New Year’s holidays fell on Wednesdays this year, which messes up two full weeks in terms of getting home sales done and tracking the numbers. Those will start rebounding in next weeks data.

Inventory 448

Inventory New Listings Contracts Sellers 448

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 518

Mortgage Inventory New Listings Contracts 518

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 508

Mortgage Inventory Marketing New Listings 508

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

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

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 458

Housing Market Marketing Inventory New Listings 458

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 468

Inventory New Listings Sellers Contracts 468

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

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

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 482

Mortgage Inventory New Listings Contracts 482

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

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 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 523

Inventory Sellers New Listings Mortgage 523

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 488

Buyers Inventory New Listings Sellers 488

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

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 468

Inventory New Listings Sellers Contracts 468

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

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

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

MAY 22, 2024

Existing home sales missed estimates, but the story here has been the same for some time; we have been working from the lowest sales levels since the bottom at the end of 2022, and we can’t grow sales in any meaningful way until rates go lower and stay there. 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

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 459

Inventory Mortgage New Listings Sellers 459

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.

Housing Market 516

Housing Market Marketing Inventory Contracts 516