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 490

Mortgage Inventory New Listings Contracts 490

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.

Inventory 511

Inventory New Listings Retail Mortgage 511

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 504

Housing Market Marketing Inventory New Listings 504

Housing Wire

MARCH 15, 2024

New listings ticked up by 21% in February compared to last year, according to Zillow ’s February report. New listings rose 20% from January, and each of the 50 largest U.S. metros experienced an increase in new listings. Texas and Florida saw the biggest jump in new listings, year over year.

New Listings 493

New Listings Inventory Home Value Contracts 493

Housing Wire

FEBRUARY 22, 2024

from January 2023, reaching 6,008 units, according to Florida Realtors data compiled from local boards and associations. from January 2023. “New listings of single-family homes were up 16.7% year over year, while new listings of townhouses and condos were up by 31.4%.” . from the same time last year.

New Listings 468

New Listings Real Estate Realtors Inventory 468

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 29, 2024

The rules of supply and demand economics always end up winning and weekly new listing data is key. New listing data is growing year over year, but it will be the second-lowest new listing data ever recorded in history. This is much different than what we saw in 2023.

New Listings 415

New Listings Inventory Contracts Sellers 415

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. Looking back on 2023, the inventory story was a big surprise even as mortgage rates headed toward 8%, as the data below will show. 9, 2022, and they’ll be ready for what’s coming next.

Inventory 521

Inventory New Listings Housing Market Mortgage 521

Housing Wire

MARCH 31, 2025

This is measurable in both the total unsold inventory and the number of new listings each week. That pace slowed dramatically in 2022 and turned negative in January 2023. As demand recovered a bit in 2023, we moved into two years where home sales were down, but home prices were up. Well, new listings are climbing.

New Listings 460

New Listings Inventory Housing Market Sellers 460

Housing Wire

JANUARY 6, 2025

The New Years week was expected to be slow, so it’s no surprise that new listings and sales are down. The Christmas and New Year’s holidays fell on Wednesdays this year, which messes up two full weeks in terms of getting home sales done and tracking the numbers. Those will start rebounding in next weeks data.

Inventory 448

Inventory New Listings Contracts Sellers 448

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 425

Mortgage Inventory New Listings Housing Market 425

Housing Wire

FEBRUARY 24, 2025

As rates climbed in 2023 in February, March, April, May all the way up to 7.5%, inventory grew each week pretty quickly. New listings To get a lot of homes on the market though we need some sellers. There were only 54,000 new listings of single-family homes unsold this week. Unsold new listings amount to 4.8%

Inventory 492

Inventory New Listings Sellers Contracts 492

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 538

Housing Market Marketing Inventory New Listings 538

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%

New Listings 468

New Listings Sellers Buyers Mortgage 468

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. The last two years were the two lowest new listings data years in history, and they were also not healthy years for the new listings data.

Government 460

Government Mortgage Inventory New Listings 460

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

Appraisal Buzz

JANUARY 31, 2025

The largest drop since September 2023 was recorded in pending home sales, which fell 9.4% As new listings increase and mortgage rates declineat least somewhatfrom their peak in early January, the market should pick up steam in the upcoming weeks. year-over-year. annuallysales are slow. Median asking price $407,225 5.2%

New Listings 390

New Listings Sellers Buyers Mortgage 390

Housing Wire

MARCH 14, 2025

New listings move upward, but remain historically low Altos uses new real estate listings data as a key indicator of seller activity in the D.C New Listings are the homes that were listed for sale in a given week and added to the active inventory. housing market. As unemployment in D.C housing market.

Housing Market 369

Housing Market Marketing New Listings Inventory 369

Housing Wire

NOVEMBER 4, 2024

The inventory peak came a month earlier than in 2023. That’s because in the fourth quarter 2023, the market was grinding to a halt. New listings rise There were just under 61,000 new listings unsold this week. So, the new listings volume last year was low and dropping. There are 29.8%

Inventory 396

Inventory New Listings Sellers Contracts 396

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 476

Inventory New Listings Sellers Contracts 476

Housing Wire

APRIL 15, 2025

We saw this in September 2022, again in September 2023, in May 2024, and in February 2025. New listings Home sales growth has been one trend of the last month. There were just over 76,000 single-family new listings unsold this week. This chart has a line for the weekly new listings each year.

Housing Market 435

Housing Market Marketing Inventory Sellers 435

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

JANUARY 27, 2025

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%. By January 2023, price cuts were still elevated.

Inventory 396

Inventory Sellers New Listings Contracts 396

Housing Wire

FEBRUARY 10, 2025

New listings are hitting the market Last year was an environment with 5% to 10% more sellers each week than a year prior. This week, the new listings stat has grown with slightly more sellers. But weekly new listings volume is low compared to January 2024, which is a sign of market stagnation.

Sellers 342

Sellers Inventory New Listings Contracts 342

Appraisal Buzz

JANUARY 17, 2025

month-over-month in December to a seasonally adjusted annual rate of 4,317,683the highest level reported since February 2023, and a 6% year-over-year jumpthe largest annual increase since July 2021. For the full year of 2024, actual existing-home sales came in at 4,189,268roughly in line with 2023. in December 2023. Just 25.1%

Contracts 397

Contracts New Listings Real Estate Agent Mortgage 397

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.

Housing Market 505

Housing Market Marketing Inventory Mortgage 505

Housing Wire

JANUARY 13, 2025

While most of the country is suffering from declining inventory, LAs is up 33% year over year, and pending new sales have gradually risen since the beginning of 2023. Following Hurricane Milton in October, the Tampa metro area saw new listings and new sales drop off a cliff. The current median home price is $1.47

Housing Market 389

Housing Market Marketing Sellers New Listings 389

Housing Wire

DECEMBER 9, 2024

New listings on trend Nationally, there were just 31,000 new listings for single-family homes from the last week which included Thanksgiving weekend. The market has been averaging 51,000 new sales pending each week over the last four weeks, including the holiday. Will that momentum continue into the spring?

Housing Market 418

Housing Market Marketing Inventory Sellers 418

Housing Wire

FEBRUARY 4, 2025

Divounguy: It was January 2023 and we had just experienced this record increase in interest rates. Zillow thinks we’ll have more sales in 2025 than we had in 2023 and 2024. What that tells me is that we really need more housing supply coming from new construction. Divounguy: We revised the sales number down slightly.

Housing Market 368

Housing Market New Listings Mortgage Construction 368

Appraisal Buzz

JANUARY 13, 2025

Further, growing activity in newly listed homes and a slower market pace could spell opportunity for winter buyers who want to get ahead of the busier spring season. 2023 Change over Dec. 2019 Median listing price -1.8% (to $402,502) +34.2% Active listings +22.0% -15.7% New listings +0.9% -11.0% 4.8% -2.3%

Inventory 354

Inventory New Listings Sellers Marketing 354

Appraisal Buzz

NOVEMBER 22, 2024

The bi-annual report reveals a resilient luxury real estate market in the first six months of 2024 that is slightly outpacing performance from the equivalent period in 2023. As evidence, “a notable uptick in sales was observed from January to May, coinciding with the introduction of new listings,” according to the report.

Buyers 417

Buyers Luxury Properties Marketing Inventory 417

Appraisal Buzz

FEBRUARY 13, 2025

Active listings of homes for sale rose to the highest level since early in the pandemic. New listings hit the highest level since July 2022, increasing 1.9% Demand is slowing: Listings are also piling up because there are fewer people buying homes. millionthe largest monthly decline since October 2023.

Inventory 397

Inventory New Listings Sellers Real Estate Agent 397

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

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

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 501

Inventory Mortgage New Listings Marketing 501

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

DECEMBER 16, 2024

Almost every market in the country has more homes available now than at the end of 2023. New listings When we look at the sellers entering the market, there were 45,000 new listings last week. That is 14% more home sellers listing their properties in December than the same week a year ago.

Inventory 418

Inventory Housing Market Marketing Sellers 418