Housing Wire

DECEMBER 7, 2024

We also see growth in our pending contract data compared to 2022 and 2023. Weekly pending sales The weekly pending contract data from Altos Research offers an insightful look into real-time housing demand. The year-over-year inventory growth is the best housing story for 2024. Weekly inventory change (Nov.

New Listings 483

New Listings Inventory Contracts Housing Market 483

Housing Wire

SEPTEMBER 22, 2024

Have we seen the bottom in mortgage rates for 2024 after a crazy roller coaster ride so far this year? My 2024 forecast had a mortgage rate range of 7.25%-5.75%. With the 10-year yield at 3.74% as of Friday, we have some room left to reach the very bottom of the 2024 forecast before the year is out.

Mortgage 482

Mortgage Inventory New Listings Contracts 482

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. But, 2024 is starting stronger than last year. But, 2024 is starting stronger than last year. So the sales rate is already growing for 2024.

Real Estate 497

Real Estate Marketing Inventory New Listings 497

Appraisal Buzz

DECEMBER 18, 2024

Manchester, NH, Zillow s most favored city for 2024, was a hit with an influx of homebuyers this year. cities, such as page-view traffic, home value increase, and the speed at which properties sell, in order to identify the most popular markets in 2024. Zillow examined housing variables that represent consumer demand in U.S.

Architecture 370

Architecture Home Value New Listings Contracts 370

Housing Wire

NOVEMBER 23, 2024

Weekly pending sales The Altos Research weekly pending contract data provides insights into real-time demand. Even today, the pending contract data remains resilient despite higher home prices and mortgage rates than last year. Still, when it’s all said and done, 2024 will be the second-lowest new listings year in history.

Mortgage 470

Mortgage Inventory New Listings Contracts 470

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. real estate market at the end of May 2024. Let’s look at the details of the U.S.

Inventory 503

Inventory New Listings Contracts Sellers 503

Housing Wire

JULY 13, 2024

The year-to-date data for 2024 is still unfavorable, with 10 positive prints, 14 negative prints and two flat prints. The seasonal decline period is starting soon, so we should get accustomed to seeing a decline in new listing data as the year heads toward its end. And our weekly pending sales data accounts for contracts.

Mortgage 484

Mortgage New Listings Inventory Contracts 484

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 329

Housing Market Marketing Inventory New Listings 329

Housing Wire

NOVEMBER 30, 2024

10-year yield and mortgage rates My 2024 forecast included: A range for mortgage rates between 7.25%-5.75% A range for the 10-year yield between 4.25%-3.21% The recent decrease in mortgage rates can be attributed to dynamics in the bond market and the current sentiment among bond traders. We’ll see if we get a repeat this year.

Mortgage 490

Mortgage Inventory New Listings Contracts 490

Housing Wire

JULY 3, 2024

But while home sales are trending at the lowest levels ever when adjusting to the workforce, we have some very positive housing data lines in 2024 compared to the stressed housing markets of past years. In 2024, that number has plummeted to 1.8% , the lowest level ever. Chart below represents Q1 2024 data. Why choose 2011?

Housing Market 325

Housing Market Marketing New Listings Contracts 325

Housing Wire

DECEMBER 21, 2024

Despite this, we had positive data on existing home sales , purchase applications, and our weekly pending contract figures. Total active listings are experiencing their traditional seasonal decline, but with less than two weeks left in the year, its evident that there are ready homebuyers in America. Weekly inventory change (Dec.

Housing Market 411

Housing Market Marketing Inventory New Listings 411

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 493

Mortgage Inventory New Listings Contracts 493

Housing Wire

JUNE 8, 2024

However, a positive story for 2024 is that the spreads are better this year than last year. Once mortgage rates began rising in 2024, some demand was removed. As shown below, the year-to-date data isn’t even positive for 2024: we’ve had six positive prints, 13 negative prints, and two flat prints.

Mortgage 474

Mortgage Inventory New Listings Contracts 474

Housing Wire

APRIL 1, 2024

New listing volume last week was 18% more than a year ago. All of these signals point to rising home sales in 2024. Pending sales Last week saw 69,000 new contracts for single-family home purchases across the country. That brings us to 367,000 single-family homes in the contract pending stage.

Inventory 473

Inventory New Listings Contracts Sellers 473

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. Yes, home prices are still rising in 2024, but the pace is significantly slower than in 2020 and 2021.

Inventory 513

Inventory New Listings Contracts Mortgage 513

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. So 2024 is a positive year for inventory growth, as higher rates did their job. However, 2024 is still an improvement over 2023, which was the lowest new listing data ever recorded.

Inventory 499

Inventory Mortgage New Listings Contracts 499

Housing Wire

MAY 22, 2024

Looking ahead, price growth will cool down in the second half of 2024 because of increased inventory and more homes taking a price cut before selling. The chart below shows that the inventory growth rate picked up more in 2024 after March. I love that new listings data is growing yearly, but it’s been too light for me.

Inventory 445

Inventory New Listings Housing Market Contracts 445

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 458

Contracts Housing Market Construction Inventory 458

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 468

Housing Market New Listings Marketing Mortgage 468

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 465

New Listings Inventory Contracts Housing Market 465

Housing Wire

JANUARY 22, 2024

For several weeks, I’ve been reporting data that shows the housing market growing in 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. 50,000 new pendings.

Real Estate 389

Real Estate New Listings Contracts Inventory 389

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 417

Housing Market New Listings Marketing Inventory 417

Housing Wire

MARCH 25, 2024

So while we can see currently the prices of home sales holding up, the signals for the end of 2024 and into 2025 seem to suggest we’re heading for flat home prices. New listings Each week this spring we’ve been tracking the new listings volume. In total, new listings data is 14% more than last year.

New Listings 481

New Listings Inventory Contracts Sellers 481

Housing Wire

JUNE 15, 2024

Once mortgage rates began rising in 2024, some demand was removed. As shown below, the year-to-date data isn’t even positive for 2024: we’ve had seven positive prints, 13 negative prints, and two flat prints. As most sellers are buyers, seeing more sellers listing their homes has been good.

Mortgage 451

Mortgage Inventory Marketing New Listings 451

Housing Wire

SEPTEMBER 15, 2024

10-year yield and mortgage rates My 2024 forecast included: A range for mortgage rates between 7.25%-5.75% A range for the 10-year yield between 4.25%-3.21% Mortgage rates are at their lows for 2024 and are not that far from the very bottom forecast I had for 2024 at 5.75%. More detail on that is here.

Mortgage 510

Mortgage Inventory New Listings Retail 510

Housing Wire

JULY 6, 2024

Weekly housing inventory data While inventory growth this week slowed to 6,803 — well below my weekly target level of 11,000 -17,000 with elevated mortgage rates — the fact that we hit this target level five times this year versus zero last year is a big reason why 2024 has been a much better year for housing than 2023.

Housing Market 440

Housing Market Mortgage Inventory Marketing 440

Housing Wire

SEPTEMBER 7, 2024

Let’s take a look at 2024 and see how much lower we can go. 10-year yield and mortgage rates My 2024 forecast included: A range for mortgage rates between 7.25%-5.75% The 10-year yield between 4.25%-3.21% Considering my forecast, we are getting closer to the downside limits on mortgage rates. Weekly inventory change (Aug.

Mortgage 518

Mortgage Inventory New Listings Marketing 518

Housing Wire

AUGUST 4, 2024

As we can see below, when the market priced economic weakness earlier in 2024, it took the 10-year yield down toward 3.80% but didn’t break that level. The year-to-date data for 2024 is still unfavorable, with 10 positive prints, 17 negative prints and two flat prints. Can mortgage rates go even lower?

Mortgage 483

Mortgage Inventory New Listings Housing Market 483

Housing Wire

DECEMBER 14, 2024

Additionally, our pending contracts are still reflecting double-digit year-over-year growth. Lets look at this weeks Tracker data to see if this trend can continue for the rest of 2024. Weekly pending sales The weekly pending contract data from Altos Research gives us a great peek into real-time housing demand.

Mortgage 395

Mortgage Inventory New Listings Contracts 395

Housing Wire

JULY 8, 2024

real estate market as we’re now in the second half of 2024. 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. This week recorded 8% fewer contracts than a year ago.

Inventory 444

Inventory Contracts Sellers New Listings 444

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. That’s down 8.5%

Inventory 445

Inventory Contracts New Listings Sellers 445

Housing Wire

MARCH 11, 2024

The only way inventory would grow in 2024 is if mortgage rates climbed. New listings To watch whether supply and demand might get out of balance with higher mortgage rates, keep an eye on the new listings volume this spring, not just the total inventory. There were 59,000 new listings unsold this week.

Inventory 505

Inventory Sellers New Listings Real Estate 505

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 479

Inventory Sellers New Listings Mortgage 479

Housing Wire

NOVEMBER 21, 2023

Homes typically go under contract a month or two before the closing, which means the October data largely reflects purchase decisions made in August and September. At the same time, existing inventory has likely already bottomed out and new listings are keeping steady despite normal seasonal declines.

Inventory 378

Inventory New Listings Realtors Contracts 378

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. 2024 is the second-lowest new listing year recorded in history.

Inventory 492

Inventory Mortgage New Listings Housing Market 492

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. Let’s take a look at the data here in the middle of October 2024.

Sellers 381

Sellers Inventory New Listings Contracts 381

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 470

Inventory Contracts New Listings Sellers 470