Housing Wire

MAY 28, 2024

It’s the end of May and unsold inventory on the market is increasing across the U.S. Every state in the country has more homes on the market now than a year ago and, in many places, new construction is being completed and added to inventory, so it’s not just resale inventory that’s growing. Higher rates create more inventory.

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Inventory New Listings Contracts Sellers 515

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 543

Inventory Housing Market Marketing New Listings 543

Housing Wire

DECEMBER 19, 2024

Altos Research data of inventory by state reflects this trend. High mortgage rates have prompted homeowners with rates in the 3% to 4% range to stay put, stifling inventory and home sales across the nation. Comparing current levels of housing inventory to those of 2019 reveals that listings are down in almost every state.

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Inventory Valuation Housing Market Marketing 462

Housing Wire

APRIL 20, 2024

Housing inventory finally hit my target level of growth last week with mortgage rates now over 7.25% , something I couldn’t get all last year. Weekly housing inventory data Higher mortgage rates with duration will likely lead to higher inventory, which we have seen repeatedly for the past 10 years. 2022: 18.7%

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Inventory New Listings Mortgage Finance 481

Housing Wire

DECEMBER 30, 2023

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housing market and which factors to follow.

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Inventory New Listings Housing Market Mortgage 499

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.

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Inventory Mortgage New Listings Housing Market 503

Housing Wire

MAY 25, 2024

The mortgage rate lockdown premise holds that very few people will list their homes when mortgage rates are this high, thus suppressing inventory. 2024 has had healthy inventory growth despite mortgage rates above 7%. Each time, inventory has squared right into the model as long as rates stay elevated.

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Inventory Mortgage New Listings Marketing 470

Housing Wire

JANUARY 13, 2024

Last week, housing inventory grew and the number of price cuts fell, which is expected at this time of the year. I hope the next thing we see is housing inventory grow at the level it typically does in January or February instead of being delayed until March or April. 2022 21.7% 2022 21.7%

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Inventory New Listings Retail Mortgage 522

Housing Wire

FEBRUARY 10, 2024

While weekly inventory is still falling, we have year-over-year growth in total active listing and new listings data. A perfect example was in 2022: when housing inventory rose faster as demand crashed, the percentage of price cuts rose faster. Last week, inventory fell week to week but was up over this time last year.

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Inventory New Listings Retail Mortgage 511

Housing Wire

JANUARY 20, 2024

Housing inventory, new listing data and mortgage rates are all rising, but the price cut data percentages are falling. Weekly housing inventory data Here is a look at the first week of the year: Weekly inventory change (Jan. 12-19) : Inventory rose from 505,223 to 506,414 Same week last year (Jan.

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Inventory Mortgage New Listings Sellers 537

Housing Wire

OCTOBER 28, 2023

31, 2022, that mortgage rates would hit 8% in 2023, you would reasonably assume housing inventory would sky rocket higher, home prices would fall noticeably, and the number of price cuts would be higher year over year. Last year, the seasonal peak for inventory was Oct. Weekly inventory change (Oct.

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Inventory Mortgage New Listings Marketing 504

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. Weekly inventory change (Oct. Weekly inventory change (Oct.

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Inventory Sellers New Listings Mortgage 494

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?

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Inventory Mortgage New Listings Buyers 524

Housing Wire

OCTOBER 13, 2024

Housing inventory, which saw an excellent pickup a few weeks ago, has been slowing down and last week we saw a slight decline. Has seasonality finally kicked in or did back-to-back hurricanes slow things enough to influence inventory data? Since then, inventory growth has been slowing down and even declined last week.

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Inventory New Listings Retail Mortgage 458

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 463

Inventory New Listings Mortgage Retail 463

Housing Wire

MAY 4, 2024

My model for inventory growth with higher mortgage rates came crashing down last week. After two weeks of significant increases , inventory growth slowed dramatically and is far from my 11,000-17,000 growth model with mortgage rates over 7.25%. Let’s delve into the weekly data to see what we can uncover.

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Inventory Mortgage New Listings Marketing 427

Housing Wire

MARCH 30, 2024

The best housing story in 2024 is that inventory is growing — both active inventory and new listings. With mortgage rates at the current levels, inventory is still below my expectations, but it’s still such a positive story that I had to discuss it on CNBC last week. 2022: 17.2%

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Inventory New Listings Mortgage Housing Market 427

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.

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Inventory Law New Listings Sellers 463

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.

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Inventory Contracts Sellers New Listings 468

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.

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Inventory New Listings Contracts Sellers 487

Housing Wire

APRIL 6, 2024

Weekly housing inventory data — both active inventory and new listings — are prone to one-week moves that deviate from a trend, especially if people are going Easter egg hunting. So, the fact that active inventory and new listings data fell last week isn’t a big deal. 2022: 17.6%

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Inventory New Listings Mortgage Housing Market 450

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.

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Inventory Real Estate Housing Market Construction 479

Housing Wire

JANUARY 9, 2025

In contrast, during the pandemic, the median-price peak jumped from $279,000 in 2019 to $319,000 in 2021 before falling to $310,000 in 2022. In order to alleviate some of the pressure on buyers, agents like JD Gieson would love to see more inventory come on the market. There is no inventory, McCormick said. As of Jan.

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Housing Market Inventory Marketing Sellers 400

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.

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Inventory Housing Market New Listings Contracts 448

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.

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Inventory New Listings Sellers Contracts 419

Housing Wire

JUNE 18, 2024

By now everyone knows that unsold inventory of homes on the market is climbing. But is that unsold inventory surging? Inventory is up this week There are now 621,000 single-family homes unsold on the market around the U.S. In the last few weeks, Inventory is no longer growing compared to last year. Now there are 37.6%

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Inventory Contracts Housing Market New Listings 414

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.

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Inventory Mortgage New Listings Sellers 408

Appraisal Buzz

AUGUST 8, 2024

The Single-Family Rental (SFR) inventory and days-on-market continue to climb gradually, according to HouseCanary, Inc. ‘s As a result, and in line with earlier data, the steady increase in days-on-market and inventory levels, along with the continued demand for rentals as an alternative to house ownership, led to a minor 2.3%

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Inventory Development Real Estate Tenants 397

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 503

Inventory Contracts New Listings Mortgage 503

Housing Wire

JULY 1, 2024

Census Bureau data from 2013 to 2022 to determine the fastest-growing housing markets in terms of single-family and multifamily homes added. The report noted that “housing inventory in exurbs grew by an average of 15% over the past 10 years, outpacing suburbs at 14% and principal cities at 10%. It was followed by Washington, D.C.,

Inventory 420

Inventory Housing Market Real Estate Marketing 420

Housing Wire

JULY 19, 2024

They say everything is bigger in Texas — and apparently that includes housing inventory growth. Houston inventory was up 42.5% But the housing market in Austin has been cooling since the flurry of activity in 2021 and 2022, whereas the other major metros in Texas have been more stable. compared to the same period last year. .

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Inventory Realtors Housing Market Buyers 448

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.

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Inventory Buyers Sellers Inspection 461

Appraisal Buzz

JUNE 18, 2024

Across the country in 2022, there were roughly 8.09 In 2022, 1.4 The increase over 2022 is a sign of progress, but much more needs to be done. The post A Closer Look at the Housing Market’s Inventory Deficits first appeared on The MortgagePoint. Compare that to 3.55 Compare that to 3.55 However, the number of U.S.

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Inventory Construction Law Real Estate 448

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 479

Inventory Construction Mortgage Buyers 479

Housing Wire

JUNE 26, 2024

Homebuilders with unsold inventory are feeling the pinch of high mortgage rates — and it’s showing up in new-home sales data. This inventory pileup could start to affect new-home prices. Geographically, the rise in inventory isn’t in areas with the most job opportunities, such as Seattle, Boston or New York City.

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Inventory Realtors Marketing Mortgage 409

Housing Wire

JULY 19, 2024

Inventory has also grown in recent years, with single-family housing supply at 650,000 units last week, according to Altos Research data. We’re ready for lower rates if it happens, where we weren’t ready for lower rates in 2022 and 2023.”

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Inventory Construction Mortgage Development 416

Housing Wire

MAY 15, 2024

In the 24 months beginning March 2022, the U.S. After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. In July 2022, new listings volume per week dropped from 90,000 at the end of June to approximately 74,000 just after the July 4th holiday. This was a supply-constrained market.

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