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. However, housing demand surged when mortgage rates fell in the early 1980s during a recession. For me, the highlight of 2024 was the growth in active inventory.

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Inventory Housing Market Sellers Marketing 482

Housing Wire

DECEMBER 30, 2024

Despite rising mortgage rates through much of 2024, recent indications show growing boldness among homebuyers heading into the new year. These increases are persisting despite mortgage rates near 7%. Mortgage rates have averaged above 6% for the past 24 months. The South led the way with a PHSI reading of 94.5

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Inventory Buyers Housing Market Mortgage 435

Housing Wire

OCTOBER 23, 2024

And while the slower sales pace may not be great news for real estate professionals, it has resulted in an uptick in inventory , which is good news for homebuyers. For-sale inventory at the end of September was 1.39 month supply of unsold inventory, up from 4.2 million, up 1.5% from August and up 23% from one year ago.

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Inventory Realtors Buyers Real Estate 466

Housing Wire

FEBRUARY 8, 2025

Another jobs week has come to an end, and amid the chaotic headlines about job numbers, tariffs , and the leadership of the Treasury , mortgage rates remained calm. Better mortgage spreads are limiting how high rates can rise in 2025. Mortgage spreads refer to the difference between the 10-year yield and the 30-year mortgage rate.

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Mortgage Inventory New Listings Contracts 492

Housing Wire

JANUARY 30, 2025

Rising mortgage rates that are now above 7% have continued in January. But there may be some improvement on the horizon as newly listed home inventory grew 37.5% more homes were actively listed for sale on a given day in January, following a 15-month trend of higher annualized inventory levels. year over year.

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Inventory Sellers Marketing Buyers 369

Housing Wire

MARCH 8, 2025

Mortgage rates are declining, and recent purchase application data shows a promising 9% week-to-week increase and a 2% rise compared to the previous year. I’ve noticed that housing data tends to improve when mortgage rates drop from 6.64% to 6%, especially when I adjust for seasonal demand.

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Mortgage Inventory New Listings Housing Market 451

Housing Wire

JANUARY 9, 2025

In 2024, more people moved out of Illinois than into the Prairie State. While the markets steady conditions certainly give sellers confidence when listing their homes and ensure buyers know what to expect when entering the market the current market conditions, including higher mortgage rates , are not what many buyers would define as ideal.

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Housing Market Inventory Marketing Sellers 418

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%. This week, we saw inventory growth of 16,532.

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Inventory Mortgage New Listings Marketing 521

Housing Wire

NOVEMBER 21, 2024

Traditionally, home prices soften in the second half of the year and I had counted on this for my price forecast , which predicted 2.33% home-price growth for 2024. As part of our tracker, we focus on purchase application data, and I am always looking to see what level of mortgage rates gives us growth in purchase apps.

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Mortgage Housing Market Inventory Contracts 493

Appraisal Buzz

APRIL 3, 2025

As more properties came ontothe market and overall inventory increased for the 17th consecutive month, the U.S. Recent improvements in mortgage rates bode well for the later spring and early-summer housing season, as long as economic concerns settle and dont knock buyers off course. 2024 Change over Mar. Key Highlights U.S.

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Inventory Buyers Contracts Sellers 335

Housing Wire

DECEMBER 21, 2024

Federal Reserve Chairman Jerome Powell played the Grinch last week for the housing market, sending mortgage rates higher after his remarks at the Fed presser on Wednesday. However, we need lower mortgage rates to grow sales in a bigger fashion in 2025. However, this year, mortgage rates rose during this timeframe.

Housing Market 505

Housing Market Marketing Inventory New Listings 505

Housing Wire

FEBRUARY 23, 2025

If this happens, will we see lower mortgage rates this spring? However, last week saw a decline in mortgage rates due to softer economic data, which led to an influx of money into the bond market as stocks sold off on Friday. If we were experiencing the worst mortgage spreads of 2023, mortgage rates would be 0.77% higher today.

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Government Mortgage Inventory New Listings 468

Housing Wire

DECEMBER 30, 2024

All the housing market data for 2024 is in, and its fair to say that the housing market surprised us again! Home prices finished 2024 up a few percent nationally and mortgage rates are at their highest level in seven months back over 7% as we head into January. The elephant in the room is affordability. fewer than a week prior.

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Housing Market Marketing New Listings Inventory 543

Appraisal Buzz

FEBRUARY 13, 2025

Redfin cited a number of reasons for this increase in the nations housing inventory, including: The mortgage rate lock-in effect is fading: A number of homeowners who scored low mortgage rates during the pandemic have been staying put because moving would mean taking on a higher rate. month-over-month, and 4.7% year-over-year.

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Inventory New Listings Sellers Real Estate Agent 397

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. The average interest rate for a fix-and-flip loan also rose in Q3 2024 to 10%, according to Kiavi.

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Investors Mortgage Property Taxes Inventory 434

Appraisal Buzz

JANUARY 2, 2025

The October 2024 results for the S&P CoreLogic Case-Shiller Indices were issued today by the S&P Dow Jones Indices (S&P DJI). In October 2024, the leading indicator of U.S. a modest decrease from the previous 2024 annual gains. home values had an annual growth of 3.6%a year-over-year growth (down from 5.2%

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Inventory Buyers Home Value Housing Market 359

Housing Wire

MARCH 6, 2025

Will inventory levels skyrocket as federal workers leave? Weekly housing inventory ramps up What do we see in the data on housing inventory levels in the D.C. Weekly housing inventory ramps up What do we see in the data on housing inventory levels in the D.C. But inventory remains well below historical averages.

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Inventory New Listings Government Housing Market 344

Housing Wire

OCTOBER 30, 2024

A 60 basis point increase in mortgage rates in October has strangled mortgage demand, particularly for refinancings , according to the latest survey data from the Mortgage Bankers Association. Mortgage applications overall decreased 0.1% The refinance share of mortgage activity decreased to 43.1% the previous week.

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Mortgage Government Inventory Marketing 468

Housing Wire

JANUARY 20, 2025

In the fourth quarter of 2024, sales were coming in at 5% to 10% more than the year prior. This housing market is on hold until mortgage rates come down. We knew that mortgage rates over 7% were possible for the year, and here we are. Sales are slow, so inventory of unsold homes is building. When will that be?

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Mortgage Inventory New Listings Contracts 397

Housing Wire

OCTOBER 16, 2024

Mortgage applications decreased 17% from one week earlier as mortgage rates surged, according to data from the Mortgage Bankers Association ’s (MBA) weekly application survey for the week ending October 11, 2024. The refinance index decreased 26% from the previous week and was 111% higher than the same week one year ago.

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Mortgage Inventory Buyers Marketing 521

Housing Wire

DECEMBER 17, 2024

Mortgage applications for new-home purchases increased 7.2% year over year in November, according to data from the Mortgage Bankers Association ‘s (MBA) builder application survey that was released Tuesday. Applications decreased by 12% from October 2024. That estimate is down 4.6% from the 56,000 sales in October.

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Mortgage Marketing Inventory 397

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.

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Inventory Mortgage New Listings Housing Market 538

Housing Wire

MARCH 27, 2025

homebuyers continued making historically large down payments in late 2024, responding to a year of record-high upfront housing costs , according to a Realtor.com report. For all of 2024, buyers put down an average of $29,900, or 14.4% in 2024, while transactions below that threshold fell 9.3%. Down payments were 3.4

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Buyers Inventory Housing Market Government 248

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.

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Inventory Mortgage New Listings Contracts 518

Housing Wire

JANUARY 6, 2025

At the same time, mortgage rates jumped back over 7%. For the four December weeks in 2024, there were just 44,000 new pending home sales on average for single-family homes. What were trying to track are what the real-time signals are telling us about homebuyers and 7% mortgage rates. fewer homes on the market that a week ago.

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Inventory New Listings Contracts Sellers 448

Appraisal Buzz

NOVEMBER 21, 2024

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for October 2024 shows mortgage applications for new home purchases increased 8.2 Compared to September 2024, applications increased by 3 percent. The post New Home Purchase Mortgage Apps Jumped Recently first appeared on The MortgagePoint.

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Mortgage Buyers Contracts Construction 370

Appraisal Buzz

NOVEMBER 26, 2024

As 2025 draws near, mortgage rates are once again in the news. Buying a home in 2024 was surprisingly competitive given how high the affordability hurdle became,” said Skylar Olsen, Zillow Chief Economist. More inventory should shake loose in 2025, giving buyers a bit more room to breathe.” increase in property values in 2025.

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Housing Market Tenants Marketing Mortgage 396

Housing Wire

MARCH 27, 2025

Mortgage affordability remained flat in February as the national median monthly payment for purchase loan applicants remained unchanged at $2,205. By product type, the median mortgage payment for conventional loan applicants was $2,226, up from $2,225 in January and up from $2,194 in February 2024. The national PAPI increased 0.1%

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Mortgage Housing Market Inventory Marketing 354

Housing Wire

JANUARY 27, 2025

Even better, new home sales for the calendar year 2024 are estimated at 683,000, which is 2.5% Still, higher new home sales doesnt begin to offset the gap left by existing-home sales, which were at an almost 30-year low in 2024 at 4.06 Available new-home inventory is on a firm upward trajectory. gain compared to November.

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Inventory Buyers Housing Market Construction 476

Housing Wire

MARCH 18, 2025

percent)* below the February 2024 rate of 1,546,000. percent below the February 2024 rate of 1,563,000. However, after that decline and when mortgage rates started to fall late in 2022 home sales rebounded all the way back to 741,0000. Then, in late 2022, mortgage rates fell, and the builders started selling homes again.

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Construction Inventory Housing Market Mortgage 436

Housing Wire

MARCH 31, 2025

This is measurable in both the total unsold inventory and the number of new listings each week. Because each week we have 815% more sellers than last year, the total inventory will continue to build unless and until demand shifts dramatically, which would require notably lower mortgage rates. Those do not seem imminent.

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New Listings Inventory Housing Market Sellers 450

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%. When mortgage rates increase, demand falls and the price-cut percentage grows.

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Inventory Mortgage New Listings Marketing 501

Housing Wire

NOVEMBER 27, 2024

Despite the recent rise in mortgage rates, early indicators suggest that the housing market is pointed in the right direction. The October pending sales data is a sign that fourth-quarter sales will be strong enough so that 2024 sales end up higher than 2023,” Bright MLS chief economist Lisa Sturtevant said in a statement.

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Marketing Realtors Housing Market Lending 370

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. Given the unrelenting mortgage costs, generally weak homebuyer demand, and the year’s rising supply of unsold homes, I’ve been expecting home prices to recede a bit in the second half of this year. They have not.

Inventory 476

Inventory New Listings Sellers Contracts 476

Housing Wire

MARCH 2, 2024

The mortgage rate lockdown premise says that if rates rise, inventory can’t grow meaningfully. The idea is that nobody will trade their low mortgage rates to buy another home — even though this happened every week last year. With mortgage rates higher, will this stop inventory from growing year over year?

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Inventory Mortgage New Listings Housing Market 535

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. year over year.

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Mortgage Inventory New Listings Contracts 525

Housing Wire

JANUARY 20, 2024

Housing inventory, new listing data and mortgage rates are all rising, but the price cut data percentages are falling. I will watch for rising mortgage rates to see if they change the weekly data. I will watch for rising mortgage rates to see if they change the weekly data. So far, so good in 2024.

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Inventory Mortgage New Listings Sellers 541