Housing Wire

JUNE 18, 2024

Last month’s reading marked the smallest monthly increase on a seasonally adjusted basis since January 2023. A slight uptick in new listings has taken some of the pressure off sales prices as buyers have more options to choose from. Redfin data shows that new listings new listings were up 0.3%

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New Listings Sellers Buyers Mortgage 451

Housing Wire

AUGUST 27, 2023

Did the recent move in higher mortgage rates impact the new listings data more than normal? I hope this isn’t the case, but we had a noticeable move lower in new listings last week. Weekly active listings rose by only 6,618. The Fed spoke at Jackson Hole last Friday but that didn’t move mortgage rates much.

New Listings 370

New Listings Mortgage Inventory Marketing 370

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. However, one thing is sure: from 2020 to 2023 we never saw credit-stressed home sellers. We never saw the Airbnb crash that dominated some of the housing headlines in 2023. Weekly inventory change : (Dec.15-22)

Housing Market 537

Housing Market Marketing Inventory New Listings 537

Appraisal Buzz

MARCH 26, 2024

homes for sale climbed 5% during the four weeks ended March 17, the biggest year-over-year uptick since May 2023, according to Redfin. 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.

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New Listings Buyers Marketing Inventory 195

Housing Wire

JANUARY 5, 2023

So where does all that drama leave us for 2023? My 2023 price forecast: As long as rates stay above 5.875% , my affordability index will see the pressure on home prices continue. For 2023, assuming rates stay above 5.875%, we should see a 5.9%-7.4% million in 2023. Buckle up as we look at each factor individually.

Housing Market 543

Housing Market Marketing Inventory New Listings 543

Housing Wire

FEBRUARY 3, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. We might only be a few weeks into 2023, but these first weeks have been rich with informative data. The median price of new listings is currently $379,900.

Housing Market 368

Housing Market Marketing Inventory New Listings 368

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 438

Housing Market New Listings Marketing Inventory 438

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 167

New Listings Contracts Inventory Real Estate 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 520

Inventory Sellers New Listings Mortgage 520

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. Selective sellers.

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Housing Market Marketing Inventory Buyers 446

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.

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Mortgage New Listings Inventory Contracts 513

Housing Wire

DECEMBER 28, 2022

After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Heading into 2023, it seems well within reason, given current trends, that a peak-to-trough decline in home prices of 10% is possible. . There will be two key differences between 2023 and 2010. Home Prices will fall, but don’t expect 2010.

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Housing Market Marketing Inventory Mortgage 505

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.

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Inventory Mortgage New Listings Contracts 518

Housing Wire

OCTOBER 13, 2024

Remember that 2023 had the lowest new listings data ever and 2024 will have the second lowest. One of the reasons total inventory data hasn’t gotten back to 2019 levels is the lack of sellers in 2023 and 2024. The price-cut percentage data is below 2022 levels and risks an earlier seasonal curve lower than 2022 and 2023.

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Inventory New Listings Retail Mortgage 500

Housing Wire

NOVEMBER 11, 2024

Inventory, new listings, sales, and prices all dipped this week. The election took up a lot of peoples’ lives last week, and that obviously delayed some listing and sales activity, plus we’ve had spiking mortgage rates. This has been true all year long, starting in the fourth quarter of 2023.

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Housing Market Marketing Inventory New Listings 388

Housing Wire

OCTOBER 19, 2024

Now the dose of reality: last year at this time mortgage rates were heading toward 8% , and even though 2023 showed record low sales levels, it got worse with 8% rates. We are now showing growth versus 2023 and 2022 data in this data line, but context is key. So, context is critical with housing data, especially in October.

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Inventory New Listings Mortgage Contracts 504

Housing Wire

JUNE 26, 2023

This has led Fannie Mae to revise its 2023 single-family originations forecast to $1.59 This lack of inventory has also resulted in the return of home price growth in recent months and has boosted new home construction, Fannie Mae ‘s Economic and Strategic Research (ESR) Group said Monday. trillion, down from $1.65 trillion.

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Inventory Construction New Listings Housing Market 369

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.

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Inventory New Listings Housing Market Contracts 504

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 507

Mortgage Inventory New Listings Contracts 507

Housing Wire

MARCH 23, 2024

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. Purchase application data Purchase application data really moves on mortgage rates — something we saw in late 2022 and into 2023.

Mortgage 521

Mortgage Inventory New Listings Housing Market 521

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 535

Inventory Mortgage New Listings Housing Market 535

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. So, the spreads getting better this year is a positive storyline.

Inventory 477

Inventory Mortgage New Listings Marketing 477

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.

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Mortgage Inventory New Listings Marketing 531

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 517

Mortgage Inventory New Listings Housing Market 517

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. Mortgage spreads The mortgage spread story has been positive in 2024, whereas it was negative in 2023.

Mortgage 521

Mortgage Inventory New Listings Contracts 521

Housing Wire

NOVEMBER 2, 2024

This podcast video is a tutorial on how to track this and why the 2023 housing price-crash people got it wrong because they have no working models. 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.

Inventory 514

Inventory New Listings Mortgage Contracts 514

Housing Wire

SEPTEMBER 15, 2024

If we took the worst levels of the spreads from 2023 and incorporated those today, mortgage rates would be 0.58% higher right now. 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. Outside of that, you need weaker economic or labor data.

Mortgage 521

Mortgage Inventory New Listings Retail 521

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.

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Mortgage Inventory Marketing New Listings 503

Housing Wire

FEBRUARY 17, 2024

Will mortgage rates break toward 8% again, making another 2024 data line that looks like a carbon copy of 2023? We have bounced from the 3.80% area twice, once in late 2023 and early 2024. We should see the seasonal bottom soon and then the traditional increase in active inventory to match the growth in new listings data.

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Mortgage Inventory New Listings Housing Market 533

Housing Wire

OCTOBER 5, 2024

But, we have to remember that mortgage rates had already made an almost 2% move lower since the highs of 2023 without rate cuts, as the bond market always gets ahead of the Fed. Mortgage spreads The mortgage spread story has been positive in 2024, whereas it was negative in 2023. The Federal Reserve cut rates by 0.50% on Sept.

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Mortgage Inventory New Listings Retail 508

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. Weekly housing inventory data We’ve now had back-to-back weeks of healthy housing inventory growth and spring 2024 is much healthier than spring 2023. Last year, we never hit that target. 2022: 19.2%

Inventory 514

Inventory Housing Market Marketing New Listings 514

Housing Wire

JANUARY 22, 2024

Those metrics, specifically the pace of new listings and new sales contracts, slowed this week. Our immediate sales metric of homes that get offers within a couple days of listing also slowed. New listings and new contracts both still show a bit of improvement over 2023, but the growth rates have slid back down.

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Real Estate New Listings Contracts Inventory 466

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. We may end the year with roughly 20% more homes on the market than at the end of 2023.

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Real Estate New Listings Inventory Marketing 417

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 ? 18: 60,295 Aug.

Inventory 502

Inventory New Listings Housing Market Mortgage 502

Housing Wire

MAY 15, 2024

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. million by October of 2023 (when rates crossed over 8%).

Mortgage 446

Mortgage New Listings Inventory Sellers 446

Housing Wire

SEPTEMBER 22, 2024

Mortgage spreads The mortgage spread story has been positive in 2024, whereas it was negative in 2023. If we took the worst spreads from 2023 and incorporated those today, mortgage rates would be 0.68% higher. The price cut percentage data is below 2022 levels and risks an earlier seasonal curve lower than 2022 and 2023.

Mortgage 522

Mortgage Inventory New Listings Contracts 522

Housing Wire

MARCH 30, 2024

The best housing story in 2024 is that inventory is growing — both active inventory and new listings. Still, new listing data is a positive story. Since November 2023, after making holiday adjustments, we have had 10 positive and six negative purchase application prints and one flat print. 2022: 17.2%

Inventory 477

Inventory New Listings Mortgage Housing Market 477