Housing Wire

MAY 18, 2024

New listings data has been moving lower over the last few weeks. But, we need to see more growth in new listings data just to grow from 2023 levels. 2023 new listings data was the lowest ever on record, so it’s already a low bar. We have a much more normal marketplace in 2023 and 2024.

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New Listings Inventory Mortgage Contracts 432

Housing Wire

JULY 3, 2024

Today’s housing market suffers from affordability issues due to mortgage rates in the 7s and high home prices. People are quick to panic over any part of the housing market that looks stressed, fearing we’ll see 2008 levels of destruction all over again. Chart below represents Q1 2024 data.

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Housing Market Marketing New Listings Contracts 325

Housing Wire

JANUARY 6, 2024

I believe we should get more sellers in 2024 than in 2023, but that doesn’t necessarily mean home prices will fall. This is why following the housing market tracker tied to the 10-year yield, mortgage rates, and purchase application data will be as critical as last year to tell you what’s going on in the housing market.

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Inventory New Listings Housing Market Mortgage 537

Housing Wire

FEBRUARY 22, 2024

The housing market in the state of Florida saw higher median home prices, more real estate listings and a higher number of active listings during the month of January, according to data released Thursday by Florida Realtors , a state-based trade organization for real estate professionals.

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New Listings Real Estate Realtors Inventory 397

Housing Wire

NOVEMBER 18, 2024

What will the housing market look like in 2025? 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. For a more comprehensive look, read our 2025 Housing Market Forecast covering home prices, home sales volumes and more.

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Housing Market New Listings Marketing Inventory 417

Housing Wire

APRIL 27, 2024

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. This isn’t saying too much since 2023 had the lowest recorded level of new listings ever, but it’s still a plus in my book. 2022: 19.2%

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Inventory Housing Market Marketing New Listings 501

Housing Wire

JULY 29, 2024

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. If fact the “coming soon” pre-listings are now running behind last year by 5%. That’s up 1.3%

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Housing Market Marketing Inventory New Listings 329

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. So where does all that drama leave us for 2023? million.

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Housing Market Marketing Inventory New Listings 519

Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” But as the calendar flipped to 2024 and as we inch closer to the spring selling season, Fischer said things have started to pick up. in mid-January 2024. Altos considers anything above a reading of 30 to be a seller’s market.

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Housing Wire

DECEMBER 9, 2024

Weve now been in the post-pandemic housing market recession market as long as we were in the pandemic boom. As we look into 2025, the question everyone is asking is: Do we have a new era starting? Does the housing market start to get back to normal? Lets take a look at the data as were now in December 2024.

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Housing Market Marketing Inventory Sellers 394

Housing Wire

FEBRUARY 4, 2024

How will mortgage rates impact seasonal inventory in 2024? It’s not what I wanted to see in 2024, but I have to be realistic since we are already in February. Weekly housing inventory data One substantial positive story for 2024 is that we have more housing inventory year over year.

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Inventory Mortgage New Listings Housing Market 489

Housing Wire

DECEMBER 16, 2024

Zillow says that 2024 will finish with 4.06 Zillow also reported that, after a tumultuous five years, many measures of the housing market are trending closer to historic norms. Zillow also reported that, after a tumultuous five years, many measures of the housing market are trending closer to historic norms.

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Housing Market Marketing New Listings Home Value 333

Housing Wire

JULY 6, 2024

This is precisely what the doctor ordered for the housing market. In March of 2022, we only had 240,000 active single-family homes available for sale, leading me to call the housing market savagely unhealthy as we simply had too many people chasing too few homes. have higher inventory data than the national data.

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Housing Market Mortgage Inventory Marketing 440

Housing Wire

DECEMBER 10, 2024

The housing market got some much needed relief in the fall when mortgage rates began to drop, but it was short lived. The turbulence in rates has trickled down to individual markets like Cincinnati, where real estate agents say they dont know what to expect from sale to sale.

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Housing Market Marketing New Listings Sellers 340

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. 2024 has a much healthier inventory level.

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New Listings Inventory Contracts Sellers 368

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. Good inflation data came in last week, the bond market rallied and mortgage rates took a notable dip below 7% for the first time in months. If so, how should we expect the housing market to react?

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Housing Wire

NOVEMBER 6, 2023

held up in 2023, sales volume in the housing market cratered. The industry is in a deep housing recession this year. If we get lucky with mortgage rates, though, we might just be at the bottom of the housing market recession right now. To get the weekly picture of the housing market, watch the video above.

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Housing Market Marketing Inventory Contracts 472

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. But 2024 has proven that theory wrong. 2024 has had healthy inventory growth despite mortgage rates above 7%. Once mortgage rates began rising in 2024, some demand was removed.

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Inventory Mortgage New Listings Marketing 452

Housing Wire

NOVEMBER 27, 2023

You also know that new listings are up over last year, too. Watch the video above to get the latest housing market update from Altos Research. Inventory (finally) peaks for the year Housing inventory was down by 0.7% Inventory hit 566,000 homes on the market, meaning there are 0.5% Short on time?

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New Listings Contracts Inventory Housing Market 485

Housing Wire

DECEMBER 7, 2024

Let’s get into the holiday spirit with this week’s Housing Market Tracker data! Weekly pending sales The weekly pending contract data from Altos Research offers an insightful look into real-time housing demand. However, like most housing data, this information is quite seasonal. Weekly inventory change (Nov.

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New Listings Inventory Contracts Housing Market 483

Housing Wire

DECEMBER 7, 2022

One issue that has created a waterfall dive in purchase application data and sales is that new listing data is declining faster than usual. Since the summer of 2020, I have believed the housing market could change in terms of cooling down, but it would require the 10-year yield to break over 1.94%.

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Housing Market Mortgage Marketing Inventory 535

Housing Wire

MARCH 16, 2024

It’s spring 2024 and we have a Federal Reserve meeting this week. For 2024, the 10-year yield running between 3.80%-4.25% looks perfectly normal to me as long as the economic data is firm and the Fed hasn’t pivoted. This means we will show more than normal inventory growth until we get past tax day 2024. Could this happen again?

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Housing Market Inventory Marketing New Listings 430

Appraisal Buzz

AUGUST 8, 2024

housing market is rapidly approaching the $50 trillion mark, with the total value of homes across the country hitting a record $49.6 trillion, according to a new report by Redfin. trillion in the first quarter of 2024. The post Housing Market Nears $50T Valuation Milestone first appeared on The MortgagePoint.

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Valuation Housing Market Marketing Home Value 419

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%. To get to the lower end of this range, we needed to see two things: the labor market getting softer and the mortgage spreads improving. Yes, here’s how and why.

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Mortgage Inventory New Listings Contracts 482

Housing Wire

JANUARY 29, 2024

Most economists forecast mortgage rates to decline in 2024, stoking optimism about the housing market. According to the newest Bloomberg Markets Live Pulse Survey (MLIV Pulse), the rate on the 30-year fixed mortgage will fall to 5.5% The Federal Open Market Committee (FOMC) meets again on Tuesday and Wednesday.

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Mortgage Inventory Investors Housing Market 414

Housing Wire

DECEMBER 16, 2024

Lets look at last weeks data and see if we can tease out the signals for impact on the 2025 housing market. Housing inventory It is December, of course, so inventory is falling for the season. There will be fewer homes on the market each week until February or so. Can there be too many homes for sale?

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Inventory Housing Market Marketing Sellers 384

Appraisal Buzz

JULY 9, 2024

June 2024 Housing Metrics – National Median list price per sq.ft: Change over June 2023: (+3.4%) Change over June 2019: (+52.6) Median listing price: (+0.0% The post Is The Housing Market Becoming Buyer Friendly? The post Is The Housing Market Becoming Buyer Friendly? and 48.7%, respectively.

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Housing Market Buyers Marketing Inventory 419

Housing Wire

FEBRUARY 21, 2023

Last June, the Federal Reserve said it wanted a housing reset , which meant it wanted higher mortgage rates to destroy the housing market. Today, the Federal Reserve achieved its primary goal; the days on the market are now above 30 days, which was the most important data line to get housing back to somewhat normal.

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Housing Market Marketing Inventory Sellers 410

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At as of March 6, 2024. There is nothing to show.”

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Housing Market Buyers Agents Marketing 394

Housing Wire

JANUARY 22, 2024

According to Zillow ’s annual predictions, Indianapolis will be the fourth-hottest real estate market of 2024, thanks to its solid economy, housing inventory, affordability and pent-up demand. The top three spots in the ranking were Buffalo, New York, and Cincinnati and Columbus, Ohio.

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Housing Market Marketing Logistics Real Estate 389

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. We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housing market and which factors to follow.

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Inventory New Listings Housing Market Mortgage 484

Housing Wire

NOVEMBER 23, 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% This week was relatively calm for mortgage rates as the 10-year yield continues to hold steady at a critical level, which ranges from 4.40% to 4.50%. Weekly inventory change (Nov.

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Mortgage Inventory New Listings Contracts 470

Housing Wire

SEPTEMBER 12, 2024

Lower mortgage rates over the past several months have led to increased affordability for prospective homebuyers, and this could lead to an extra competitive fall 2024 season. Attractive properties in hot markets are still selling quickly, but some metros — or neighborhoods within them — have flipped further in favor of buyers.“

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Housing Market Marketing Inventory Buyers 456

Housing Wire

MARCH 23, 2024

As rates were hitting year-to-date highs, the fear was that the Fed would go hawkish in their March meeting, which could push mortgage rates toward 8% and tank 2024 demand. Let’s look at the tracker data to see how mortgage rates are impacting the housing data as we settle into spring. 8% for spring 2024.

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Mortgage Inventory New Listings Housing Market 504

Housing Wire

MARCH 2, 2024

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. Here is a look at inventory last week: Weekly inventory change (Feb.

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Inventory Mortgage New Listings Housing Market 531

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. Let’s take a look at the data for the first full week of November 2024.

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Housing Market Marketing Inventory New Listings 325

Housing Wire

AUGUST 4, 2024

Mortgage rates moved massively lower last week without any Federal Reserve rate cuts, primarily because the labor market is getting softer. 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. Can mortgage rates go even lower?

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Mortgage Inventory New Listings Housing Market 483