Housing Wire

NOVEMBER 23, 2024

However, the 10-year yield has managed to maintain its position, and the downtrend observed in the charts since the 10-year yield was at 5% in 2023 is still in place. Mortgage spreads The mortgage spread situation has shown improvement in 2024, in contrast to its negative performance in 2023. Weekly inventory change (Nov.

Mortgage 514

Mortgage Inventory New Listings Contracts 514

Housing Wire

MARCH 15, 2025

Last year, when mortgage rates ranged from 6.75% to 7.50%, the weekly data looked like this: 14 negative prints 2 flat prints 2 positive prints There was no year-over-year growth to report when comparing 2024 and 2023. And remember, mortgage rates fell to around 6% in late 2022 and early 2023.

Mortgage 537

Mortgage New Listings Inventory Housing Market 537

Housing Wire

APRIL 5, 2025

Weekly pending contracts for the last week over the past several years: 2025: 367,776 2024: 363,834 2023: 335,017 For both purchase apps and pending sales, the data presents an interesting trend: the positive weekly figures we’ve been observing coincide with mortgage rates exceeding my growth threshold.

Mortgage 533

Mortgage New Listings Inventory Housing Market 533

Housing Wire

NOVEMBER 29, 2024

has focused on single-family and multifamily inventory growth to boost supply and affordability. But StorageCafe found that in 2023, most states overlooked one key solution to the affordability crisis: more inventory of “middle housing.” The report draws considerable attention to middle housing inventory growth.

Inventory 397

Inventory Construction Law Development 397

Housing Wire

DECEMBER 21, 2024

While it’s common to see a seasonal dip in volume at this time of year, theres a silver lining: we’ve been observing solid year-over-year growth when comparing our data to 2022 and 2023. Mortgage rates would be near 8% if we had experienced the peak negative spreads of 2023. Weekly inventory change (Dec.

Housing Market 505

Housing Market Marketing Inventory New Listings 505

Housing Wire

DECEMBER 30, 2024

Inventory continues to contract There are now 651,000 single-family homes unsold on the market across the U.S. Well see another week of inventory contraction this week with New Years mid-week. Some years, when demand is stronger, the available inventory of unsold homes keeps shrinking until February or March.

Housing Market 543

Housing Market Marketing New Listings Inventory 543

Housing Wire

FEBRUARY 8, 2025

This situation contrasts with the challenges the market faced in 2023, during the banking crisis when the Federal Reserve was still raising rates. In 2023, spreads reached as high as 3.10%. If we had experienced the worst mortgage spreads of 2023, mortgage rates would be 0.72% higher today. Weekly inventory change (Jan.

Mortgage 492

Mortgage Inventory New Listings Contracts 492

Housing Wire

APRIL 27, 2024

Active weekly housing inventory growth slowed slightly last week, but it’s still running at a healthier clip than in 2023. I have a simple model with mortgage rates being above 7.25%: weekly inventory data should grow between 11,000-17,000 per week. We have now seen it for two weeks as inventory grew by 13,247.

Inventory 514

Inventory Housing Market Marketing New Listings 514

Housing Wire

SEPTEMBER 1, 2024

Have we seen the peak in housing inventory for 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. Weekly inventory change (Aug.

Inventory 538

Inventory Mortgage New Listings Housing Market 538

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%

Inventory 514

Inventory New Listings Mortgage Finance 514

Housing Wire

AUGUST 17, 2024

Have lower mortgage rates already started to slow down housing inventory? I have a simple weekly growth model with the Altos inventory data: when rates are high, over 7.25%, inventory should grow between 11,000-17,000 weekly. Still, I would consider the last month of inventory growth healthy.

Inventory 518

Inventory Mortgage New Listings Contracts 518

Housing Wire

JULY 20, 2024

We finally have six weeks of numbers that hit my housing inventory growth model perfectly in 2024. Last year, with higher mortgage rates , we had zero weeks at this level so I am now giving 2024 inventory growth a grade of A. have higher inventory than the national data. I recently spoke about this in an interview on CNBC.

Inventory 526

Inventory New Listings Contracts Mortgage 526

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.

Inventory 521

Inventory Mortgage New Listings Marketing 521

Housing Wire

JANUARY 24, 2025

Notably, we compared the data from 2022 and 2023 and noticed positive year-over-year data starting in October 2024, which you can see in the chart below. Active inventory typically decreases at this time of year, but in 2024 it did not drop below 1 million. For me, the highlight of 2024 was the growth in active inventory.

Inventory 482

Inventory Housing Market Sellers Marketing 482

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.

Inventory 501

Inventory Mortgage New Listings Marketing 501

Housing Wire

MARCH 8, 2025

Purchase application data Last year, when mortgage rates ranged from 6.75% to 7.50%, the weekly data looked like this: 14 negative prints 2 flat prints 2 positive prints There was no year-over-year growth to report when comparing 2024 and 2023. It is important to note that mortgage rates rose to around 6% in late 2022 and early 2023.

Mortgage 451

Mortgage Inventory New Listings Housing Market 451

Appraisal Buzz

DECEMBER 19, 2024

million in November 2023). More buyers have entered the market as the economy continues to add jobs, housing inventory grows compared to a year ago, and consumers get used to a new normal of mortgage rates between 6% and 7%. million units in total housing inventory, which was 2.9% from October to 4.15 million in November.

Inventory 396

Inventory Realtors Buyers Contracts 396

Housing Wire

JANUARY 28, 2024

Weekly housing inventory data Here is a look at last week: Weekly inventory change (Jan. 19-26) : Inventory fell from 506,414 to 503,233 Same week last year (Jan. Weekly housing inventory data Here is a look at last week: Weekly inventory change (Jan. So, inventory falling looks normal.

Inventory 525

Inventory New Listings Mortgage Marketing 525

Housing Wire

JANUARY 6, 2025

In 2023, that average was just under 44,000 per week. Altos Research tracks every home for sale in the country every week all the active inventory and pending sales as they happen as well as prices and supply and demand metrics Lets look at this weeks data. Inventory falls quickly over the holidays, so this week has 2.4%

Inventory 448

Inventory New Listings Contracts Sellers 448

Housing Wire

NOVEMBER 21, 2024

The worst of the downturn in home sales could be over, with increasing inventory leading to more transactions,” NAR chief economist Lawrence Yun said in a statement. monthly increase for a pace of 470,000 sales, which was flat compared to October 2023. Agents and consumers also have reason to celebrate due to rising inventory levels.

Inventory 370

Inventory Home Improvement Realtors Real Estate 370

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.

Inventory 534

Inventory New Listings Contracts Sellers 534

Housing Wire

MARCH 2, 2024

The mortgage rate lockdown premise says that if rates rise, inventory can’t grow meaningfully. Let’s take a look at the inventory data this year to test this premise, since for many months it has been a working theory of mine that new listings data behavior last year marked a bottom and even going into 2024 we should see more sellers.

Inventory 535

Inventory Mortgage New Listings Housing Market 535

Housing Wire

FEBRUARY 23, 2025

If we were experiencing the worst mortgage spreads of 2023, mortgage rates would be 0.77% higher today. We are still showing higher growth versus 2023 levels, but not by much. Last week showed mild week inventory growth. Weekly inventory change (Feb. Weekly inventory change (Feb.

Government 468

Government Mortgage Inventory New Listings 468

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. Still, new listing data is a positive story.

Inventory 501

Inventory New Listings Mortgage Housing Market 501

Housing Wire

OCTOBER 28, 2024

We track inventory and home sales very closely, so the biggest surprise this year has been the resiliency of home prices. Inventory ticked down this week Inventory ticked down to 738,000 from 739,000 last week. Our model had expected inventory to climb just a bit this week. They have not.

Inventory 476

Inventory New Listings Sellers Contracts 476

Housing Wire

JANUARY 27, 2025

Recently, weve shared that the inventory of unsold homes is growing. Now were noticing some signals in the data that national home prices could turn negative this spring, showing year-over-year home-price declines for the first time since early 2023. In 2023, the spring slope was much less steep. In 2023, this number was 33.9%.

Inventory 396

Inventory Sellers New Listings Contracts 396

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.

Inventory 523

Inventory Mortgage New Listings Housing Market 523

Housing Wire

MARCH 11, 2024

Last fall when people were still expecting mortgage rates to be falling this year, it was common to assume rates would be in the low 6s or 5s this year and people asked me if lower rates would bring a flood of inventory. The only way inventory would grow in 2024 is if mortgage rates climbed. That’s 15% growth over the pace of 2023.

Inventory 516

Inventory Sellers New Listings Real Estate 516

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. So let’s hope for more home sellers in 2024. 2022 21.7%

Inventory 534

Inventory New Listings Retail Mortgage 534

Housing Wire

JANUARY 20, 2024

Housing inventory, new listing data and mortgage rates are all rising, but the price cut data percentages are falling. However, at the current trend, we will break below the lows in the price cut percentage data that we saw in 2023 in the spring of this year. 12-19) : Inventory rose from 505,223 to 506,414 Same week last year (Jan.

Inventory 541

Inventory Mortgage New Listings Sellers 541

Housing Wire

NOVEMBER 22, 2024

As low inventory levels, elevated mortgage rates and rising home prices keep the housing industry stagnant, short-term real estate investors — aka fix-and-flippers — faced market turmoil during the third quarter of 2024. But the share of flipped homes sold for less than $300,000 increased from Q3 2023.

Investors 434

Investors Mortgage Property Taxes Inventory 434

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. Housing inventory There are now 722,000 unsold single-family homes on the market around the U.S. Below is the 10-year view of inventory trends in the U.S.

Housing Market 448

Housing Market New Listings Marketing Inventory 448

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. Weekly housing inventory data We are near the end of the year, which means the seasonal decline in housing inventory will take hold until we find the seasonal bottom in inventory in 2024.

Housing Market 538

Housing Market Marketing Inventory New Listings 538

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. When you connect the dots, this is a short and simple answer to why housing inventory and home prices are both rising. Sales descended 2.8%

Inventory 482

Inventory Housing Market New Listings Contracts 482

Housing Wire

JANUARY 27, 2025

more than 2023 and the highest sales have been since 2021. In many markets, there was simply more new home inventory and some buyers who might have wanted to purchase an existing home were instead looking at new construction, said Bright MLS Chief Economist Lisa Sturtevant in a statement. gain compared to November.

Inventory 476

Inventory Buyers Housing Market Construction 476

Housing Wire

FEBRUARY 10, 2024

So far in 2024, fewer homes are taking price cuts than in 2023, and this trend is on the verge of breaking below the 2023 lows in price cuts percentages. While weekly inventory is still falling, we have year-over-year growth in total active listing and new listings data.

Inventory 521

Inventory New Listings Retail Mortgage 521

Housing Wire

NOVEMBER 4, 2024

Inventory is past peak for the year, so the momentum looks to keep the trends in a positive direction for now. Inventory drops again There are 736,000 single-family homes unsold on the market in the U.S. The inventory peak came a month earlier than in 2023. Mortgage rates were super high and inventory was building.

Inventory 396

Inventory New Listings Sellers Contracts 396