Housing Wire

JULY 13, 2024

In 2023, following the collapse of Silicon Valley Bank , the spreads between the 30-year mortgage and 10-year yield were at their worst, leading to new cycle highs. If we took the worst levels of the spreads from 2023 and incorporated those today, mortgage rates would be 0.48% higher right now.

Mortgage 514

Mortgage New Listings Inventory Contracts 514

Housing Wire

NOVEMBER 30, 2024

Previously, there was significant concern about the possibility of a new wave of inflation, which would require raising interest rates, which I threw cold water on in a recent HousingWire Daily podcast. However, the recent peak in the 10-year yield was around 5% in 2023, and the downtrend from that level is intact for now.

Mortgage 518

Mortgage Inventory New Listings Contracts 518

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

MAY 4, 2023

The number of new listings coming on the market this spring is lower than it has been in more than a decade. Sales and new pending contracts are below pre-pandemic levels. What can we expect in 2023? At the same time, there are some key trends I think will characterize the housing market in 2023.

Housing Market 448

Housing Market Marketing Inventory Buyers 448

Housing Wire

MAY 13, 2024

Inventory in 2023 didn’t really accelerate until mortgage rates approached 8% in the fall. New listings Slightly fewer new listings hit the market this week — 69,000 single-family homes that are newly listed, plus another 20,000 listed that are already under contract. Home sales peak in June.

New Listings 501

New Listings Contracts Inventory Sellers 501

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. New listings There were 72,000 new listings this week.

Inventory 534

Inventory New Listings Contracts Sellers 534

Housing Wire

JANUARY 8, 2024

Based on the trends we can see after the start of the year, I’ll project 2024 will see about 15% home sales growth over 2023. These are very clear trends as we start the new year. 2023 started with recovery, but slowed down in Q3 as mortgage rates hit 8%. There are now 247,000 single family homes in contract.

Real Estate 508

Real Estate Marketing Inventory New Listings 508

Housing Wire

MAY 22, 2024

As you can see below, even though home prices rose in 2023, the median sales price showed negative year-over-year growth in April, May and June of last year. As you can see above, starting in September of 2023, we saw steady year-over-year price growth increases in the data, making the year-over-year price comps harder this year.

Inventory 514

Inventory New Listings Housing Market Contracts 514

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. If we took the worst levels of the spreads from 2023 and incorporated those today, mortgage rates would be 0.48% higher.

Mortgage 508

Mortgage Inventory New Listings Contracts 508

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

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 456

Housing Market Marketing Inventory New Listings 456

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. On the pricing side, last week had the first negative print on year-over-year price for new listings. Is it darkest before the dawn?

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. This can help get mortgage rates down toward 5.75%.

Mortgage 525

Mortgage Inventory New Listings Contracts 525

Housing Wire

NOVEMBER 18, 2024

We already see many signals for what to expect, including last week’s data on inventory , new listings and price reductions, which I analyze below. New listings One way reason it will be hard for inventory to grow more than 17% next year is that there are still not enough sellers to get there.

Housing Market 448

Housing Market New Listings Marketing Inventory 448

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 we took the worst levels of the spreads from 2023 and incorporated those today, mortgage rates would be 0.52% higher.

Mortgage 508

Mortgage Inventory Marketing New Listings 508

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

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

However, 2024 looks much healthier than 2023 data, as we desperately needed to get off those historically low levels of active listings. 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. Weekly inventory change (Aug.

Inventory 518

Inventory Mortgage New Listings Contracts 518

Housing Wire

JULY 6, 2024

Now that we are halfway through the year, we can see that active inventory in America is growing, unlike what happened in 2023. As we can see below, it’s a much healthier year in inventory growth data than in 2023. This is precisely what the doctor ordered for the housing market. However, this year, spreads have improved.

Housing Market 476

Housing Market Mortgage Inventory Marketing 476

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. If we took the worst levels of the spreads from 2023 and incorporated those today, mortgage rates would be 0.47% higher.

Mortgage 481

Mortgage Inventory New Listings Contracts 481

Housing Wire

APRIL 8, 2024

With the Easter holiday last week, data for housing inventory , new listings and the pace of new contracts started all took a breather from their growth pace. Here’s how 2024 is shaping up: There are now more listings, more active inventory and more sales than a year ago. But they’re all gaining over last year.

Inventory 493

Inventory Contracts New Listings Sellers 493

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. It’s looking like we’ll end 2023 with higher housing inventory than this time last year. We want new listings volume to show growth.

Housing Market 505

Housing Market Marketing Inventory New Listings 505

Housing Wire

JULY 20, 2024

The labor market has allowed mortgage rates to stay higher for longer and with the inventory growth this year, I feel much better about rates falling than I did in 2022 or 2023. 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

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. That’s much more than at any point of 2023. That’s more than in any week for all of 2023.

Sellers 508

Sellers Marketing Inventory Contracts 508

Housing Wire

AUGUST 6, 2024

Last year at this time, mortgage rates were rising, eventually peaking at 8% in October 2023. You can see the late 2023 inventory build in this chart in the bright red line. New listings ticked down Most of the total inventory fluctuations have been demand-driven this year. All year people were expecting rates to decline.

Mortgage 482

Mortgage Inventory New Listings Contracts 482

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

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. There are now 385,000 single-family homes under contract.

Inventory 531

Inventory New Listings Sellers Contracts 531

Housing Wire

JULY 8, 2024

After June 2023, mortgage rates climbed from the 6s into the 7s on the way to 8% by October. Massachusetts and New York, for example, are still just coming off the record tight markets of the pandemic, but that trend is changing — finally. We saw 71,000 new listings for single-family homes this week.

Inventory 482

Inventory Contracts Sellers New Listings 482

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 1, 2024

The best part about 2024 has been that higher mortgage rates have created an inventory buffer, so if the economy gets softer and rates fall, we have many more homes to work with than we had in 2020-2023. 2024 is the second-lowest new listing year recorded in history. Weekly inventory change (Aug.

Inventory 538

Inventory Mortgage New Listings Housing Market 538

Housing Wire

AUGUST 4, 2024

Mortgage spreads Mortgage spreads were a negative storyline in 2023 as the Silicon Valley Bank collapse and the resulting banking crisis pushed the spreads to new cycle highs. If we took the worst levels of the spreads from 2023 and incorporated those today, mortgage rates would be 0.49% higher right now.

Mortgage 518

Mortgage Inventory New Listings Housing Market 518

Housing Wire

NOVEMBER 25, 2024

is now back up above the 2023 and 2024 levels for the first time since August. That does not bode well for home sales in the new year. New listings climb There were 53,000 new listings unsold this week. That’s 9% more unsold new listings than the same week a year ago.

New Listings 397

New Listings Inventory Sellers Contracts 397

Housing Wire

JANUARY 16, 2024

Home sellers are starting to ease back into the market, new listings are finally exceeding the levels of a year ago. The market had about 49,000 new listings this week. 9,000 of those are already in contract. Leaving 40,000 New listings to add to the market which is about a 5% increase versus last year.

Inventory 482

Inventory New Listings Sellers Contracts 482

Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. The trade organization projects a 13% increase in existing home sales between 2023 and 2024 for an annualized pace of 4.62

Contracts 482

Contracts Housing Market Construction Inventory 482

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 were only 57,000 new listings plus another 10,000 immediate sales.

Inventory 482

Inventory Contracts Sellers New Listings 482

Housing Wire

SEPTEMBER 7, 2024

Mortgage rates have made almost a 2% move lower from the highs of 2023. Mortgage spreads were a negative storyline in 2023, as the collapse of Silicon Valley Bank and the resulting banking crisis pushed them to new cycle highs. Also, the spreads were elevated in 2023, so they have had room to go lower, which they have.

Mortgage 533

Mortgage Inventory New Listings Marketing 533