Appraisal Buzz

MARCH 26, 2024

As of March 17, there were roughly 795,645 active listings. There were roughly 88,902 new listings added during that same four weeks – and increase of 15% and the biggest increase since June 2021. The surge in listings is bringing some buyers back to the market, the firm says. The total number of U.S. The median U.S.

New Listings 195

New Listings Buyers Marketing Inventory 195

Housing Wire

JUNE 10, 2024

In the 24 months beginning March 2022, the U.S. However, if you ask, most people think the mortgage lock-in occurred in 2022. million fewer home sales between March 2022 and December 2023. By Q1 2022, 80% of mortgage holders were locked in with their incredibly cheap financing.

Mortgage 464

Mortgage Inventory New Listings Sellers 464

Inman

FEBRUARY 5, 2024

percent decline in net new listings and a 2 percent decrease in contract signings, driven by mortgage rate fluctuations, according to HouseCanary. Despite a rise in total inventory compared to 2022 and 2023, the market is still behind historical inventory averages as sellers avoid entering a higher rate environment.

New Listings 174

New Listings Contracts Inventory Real Estate 174

Inman

JUNE 29, 2023

The number of new listings coming onto the market has plunged since June 2022, according to data released Thursday by Redfin. Transaction levels remain low even as home prices creep higher.

New Listings 167

New Listings Marketing Inventory Housing Market 167

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 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

DECEMBER 30, 2023

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. 9, 2022, and they’ll be ready for what’s coming next. So today’s tracker is focused on 2023, the inventory data, and how different this year was from 2022.

Inventory 521

Inventory New Listings Housing Market Mortgage 521

Housing Wire

SEPTEMBER 20, 2021

Limited inventory, supply chain disruptions and concerns about inflation have led economists at Fannie Mae to lower their mortgage origination forecasts for the remainder of this year and into 2022. It also downsized its 2022 mortgage origination volume forecast by $55 billion to $3.25 trillion from the $4.36 growth projection.

Supply Chain 448

Supply Chain Inventory Government New Listings 448

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 510

Inventory New Listings Retail Mortgage 510

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

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

Appraisal Buzz

NOVEMBER 18, 2021

A new analysis finds that higher rates will end stifle price growth, as new listings will hit a 10-year high in 2022. The post 10 Housing Predictions for 2022 appeared first on theMReport.com. The post 10 Housing Predictions for 2022 appeared first on Appraisal Buzz.

New Listings 195

New Listings Appraisal 195

Housing Wire

MARCH 23, 2024

As we can see in the chart below, the 10-year yield and mortgage rates have made a massive move higher since 2022. However, whenever the 10-year yield falls with duration, as we saw toward the end of 2022 and into 2023, it sends mortgage rates lower, and we can grow sales from these record-low levels.

Mortgage 521

Mortgage Inventory New Listings Housing Market 521

Housing Wire

OCTOBER 19, 2024

We are now showing growth versus 2023 and 2022 data in this data line, but context is key. 2022 sales had the fastest crash ever and 2023 home sales were at record low levels, so take the growth in context with those two truths. Weekly inventory change (Oct 11-Oct.

Inventory 522

Inventory New Listings Mortgage Contracts 522

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

OCTOBER 28, 2024

Florida had an uptick in inventory with a bit of a rebound in new listings now that the storms are over. New listings go up This year continues to have slightly more sellers than last year but fewer than we used to get in past years. There were 60,000 new listings unsold this week for single-family homes.

Inventory 475

Inventory New Listings Sellers Contracts 475

Housing Wire

SEPTEMBER 28, 2024

2024: 362,620 2023: 340,526 2022: 380,823 Purchase application data Even as mortgage rates ticked up just a smidge this week, the winning streak of consecutive positive purchase apps continues with five weeks of gains. We also had our first positive year-over-year print since 2022. Weekly inventory change (Sept.

Mortgage 524

Mortgage Inventory New Listings Contracts 524

Housing Wire

MAY 4, 2024

I wish new listings were growing faster, but I will call it a victory nonetheless. I wish new listings were growing faster, but I will call it a victory nonetheless. We saw a slight decline in new listings data week to week.

Inventory 498

Inventory Mortgage New Listings Marketing 498

Housing Wire

NOVEMBER 2, 2024

9, 2022, I showed how housing dynamics shifted by tracking forward-looking data. So, when we look at the contract data, mortgage rates heading down toward 6% firmed the data up and the data is still showing a deviation from the levels we see from 2022 and 2023. 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

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

DECEMBER 23, 2023

Even with all the drama we have dealt with in 2022-2023, the housing market stayed intact and never broke. While inventory levels are still too low for my taste, it’s good that we are not at 2022 levels when we only had 240,194 total active single-family listings for Americans to buy. Weekly inventory change : (Dec.15-22)

Housing Market 538

Housing Market Marketing Inventory New Listings 538

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

Appraisal Buzz

JANUARY 4, 2022

Zillow predicts that the housing market will cool in 2022, but a number of hotspots have roared to life over the past two years show no signs of slowing. The post Florida Markets Expected to Remain Hot in 2022 appeared first on Appraisal Buzz.

Marketing 195

Marketing New Listings Home Value Inventory 195

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

JANUARY 20, 2023

The phrase “in like a lion, out like a lamb” is typically used to describe the month of March, but it is also applicable to existing home sales trends in 2022. The housing market may have started 2022 out with a bang, but it exited the year with a whimper,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement.

Inventory 397

Inventory Housing Market Realtors Buyers 397

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

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 433

Real Estate New Listings Inventory Marketing 433

Housing Wire

SEPTEMBER 22, 2024

At the same time, we are far from average with the spreads, as we are still 0.85% higher today than the low levels of 2022 in the chart below. The slight decline year over year is the smallest decline since 2022. The price cut percentage data is below 2022 levels and risks an earlier seasonal curve lower than 2022 and 2023.

Mortgage 524

Mortgage Inventory New Listings Contracts 524

Housing Wire

SEPTEMBER 16, 2023

The last four weeks of new listings data have been the most volatile since mortgage rates breached 6% in 2022. One week, we had the biggest decline in new listings data all year, which might indicate Americans are giving up on listing their homes. What’s going on with housing inventory ?

Inventory 505

Inventory New Listings Housing Market Mortgage 505

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

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

AUGUST 4, 2024

While I didn’t get my minimum target of 80,000 new listings during the peak seasonal weeks this year, it was good to see growth. While I didn’t get my minimum target of 80,000 new listings during the peak seasonal weeks this year, it was good to see growth. Weekly inventory change (July 26-Aug.

Mortgage 518

Mortgage Inventory New Listings Housing Market 518

Housing Wire

SEPTEMBER 15, 2024

However, I missed my 2024 forecast of at least 80,000 new listings per week this year during the seasonal peak months by roughly 5,000. However, even with that missed call, the growth we saw in new listings data was a big positive in my eyes. Weekly inventory change (Sept. Will they do 0.25% or 0.50% cut?

Mortgage 521

Mortgage Inventory New Listings Retail 521

Housing Wire

DECEMBER 9, 2023

The most underreported housing story I’ve seen this year is that even with mortgage rates rising to 8%, the number of homes that took price cuts before they sold was 4% below 2022 levels. 2022 was a historic year for housing as we had the most significant home sales crash ever, and mortgage rates went from 3% to 7% in the same year.

Mortgage 534

Mortgage Inventory New Listings Sellers 534

Housing Wire

MAY 25, 2024

I have been slightly disappointed in the new listing data only because I was sure we would get a print above 80,000 this year and was hoping for a range of 95,000-110,000 in the peak seasonal period. Remember, for next week, new listings data will take a Memorial Day hit lower as it does each year, and then it rebounds.

Inventory 520

Inventory Mortgage New Listings Marketing 520

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%

Inventory 493

Inventory New Listings Mortgage Housing Market 493

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