Housing Wire

JANUARY 13, 2024

Last week, housing inventory grew and the number of price cuts fell, which is expected at this time of the year. I hope the next thing we see is housing inventory grow at the level it typically does in January or February instead of being delayed until March or April. So let’s hope for more home sellers in 2024.

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Inventory New Listings Retail Mortgage 513

Housing Wire

DECEMBER 30, 2024

Rising housing inventory levels in 2024 may not be the positive sign of market health that they appear to be. High inventory levels contribute to another problem as active listings are remaining unsold for longer periods. Redfin refers to these listings as “stale inventory.” metro areas.

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Inventory Sellers Housing Market Contracts 397

Housing Wire

MARCH 4, 2024

At HousingWire , we have a debate about whether home sellers will freeze up again this year as mortgage rates stay stubbornly high. We’ve had seller growth for 18 weeks in a row. More sellers means more sales. And as a result, as inventory builds , the sales growth trend shows signs of slowing. So that rule holds.

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Inventory Sellers Buyers Real Estate 473

Housing Wire

JANUARY 20, 2024

Housing inventory, new listing data and mortgage rates are all rising, but the price cut data percentages are falling. Weekly housing inventory data Here is a look at the first week of the year: Weekly inventory change (Jan. 12-19) : Inventory rose from 505,223 to 506,414 Same week last year (Jan. So far, so good in 2024.

Inventory 531

Inventory Mortgage New Listings Sellers 531

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. Inventory, which has been falling for years, broke to all-time lows in 2020. We didn’t have a seasonal push in inventory in 2020, and things worsened in 2021. Image by Brandon Johnson/HW Media.). million active listings, but at just 1.28

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Sellers Inventory Housing Market New Listings 509

Housing Wire

APRIL 29, 2024

It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. And seller growth is happening pretty much everywhere across the country, with Florida and Texas leading the way. The bearish take is that there are many more sellers than buyers and inventory is rising.

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Sellers Marketing Inventory Contracts 462

Housing Wire

SEPTEMBER 9, 2024

While inventory of unsold homes in the housing market in each of the last two years headed higher during September and October due to mortgage rate spikes, we’re seeing a more normal seasonal pattern now with inventory beginning to decline. We’re also seeing more home sellers withdrawing their listings to try again next year.

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Sellers Inventory Contracts New Listings 439

Housing Wire

DECEMBER 16, 2024

As the year draws to a close, available unsold inventory of homes on the market is nearly 27% greater than a year ago. Ten states have more inventory unsold than in 2019, which was the last sort of normal year before the pandemic. Inventory is still very tight in places like Chicago and New England, but it is rising in these markets.

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Inventory Housing Market Marketing Sellers 384

Housing Wire

APRIL 1, 2024

At the same time, seller volume dried up. But now sellers are coming back into the market. Total available inventory is gradually climbing about 1% per week — last year it was still declining in April. As we roll into the second quarter, we should have accelerating inventory growth each week. That’ll feel like a lot!

Inventory 473

Inventory New Listings Contracts Sellers 473

Housing Wire

JULY 8, 2024

There have been a few markets; however, that have defied the national trends where inventory has stayed tighter and demand keeps rolling in. Available inventory of unsold homes in the U.S. real estate market as we’re now in the second half of 2024. In the past two years, we’ve had rising mortgage rates and rising inventory.

Inventory 444

Inventory Contracts Sellers New Listings 444

Housing Wire

DECEMBER 4, 2023

Now that Thanksgiving is behind us and December is well under way, we can start looking ahead to the 2024 housing market. New listings and home sales remain low this week while available inventory of unsold homes is finally falling across the country after rising with mortgage rates late into November. Inventory is 1.2%

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Housing Market Marketing Inventory New Listings 497

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. Weekly inventory change (Dec.

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Inventory New Listings Housing Market Mortgage 484

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. Here are the year-over-year price-cut percentages from the first week of the year: 2024 32.8% However, one key for 2024 is finding the seasonal bottom in housing inventory sooner rather than later.

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Inventory New Listings Housing Market Mortgage 537

Housing Wire

MAY 8, 2024

Housing credit channels directly impact housing inventory channels. Home prices escalated out of control after 2020 and when we look at why that happened, we can see that housing credit mattered more to inventory data than most people realize. This matters because inventory was already heading toward all-time lows before COVID-19.

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Inventory Law New Listings Sellers 445

Housing Wire

JANUARY 16, 2024

Home sellers are starting to ease back into the market, new listings are finally exceeding the levels of a year ago. The longer we stay with mortgage rates higher, the more inventory will build closer to where it used to be. Higher mortgage rates means more inventory. Inventory ticked up this week. That’s a 1.2%

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Inventory New Listings Sellers Contracts 424

Housing Wire

DECEMBER 19, 2023

The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. In this week’s Altos Research video, I look at how home sellers and sales are up, but that doesn’t mean prices will climb in 2024. Housing inventory climbed late in the year as mortgage rates rose.

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Sellers Marketing Inventory Contracts 429

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. Inventory will climb again with this week’s data.

Inventory 445

Inventory Contracts New Listings Sellers 445

Housing Wire

OCTOBER 21, 2024

Despite the Florida hurricanes, and in the face of recently rising mortgage rates , unsold inventory of homes on the market climbed this week by about 1%. We’ve been expecting inventory to climb, and to tick up again next week before seasonal inventory declines start in November. Last year, inventory rose by 1.5%

Sellers 381

Sellers Inventory New Listings Contracts 381

Housing Wire

NOVEMBER 22, 2023

Going more in-depth than a Fed meeting, our virtual Housing Market Update event provides you with the strategy-building insights needed to operate in 2024. The number of home sales in 2023 will likely be at its lowest level since 2010, and while sales activity will pick up in 2024, transactions will still be below average.

Housing Market 490

Housing Market Marketing Inventory Sellers 490

Housing Wire

OCTOBER 13, 2024

Housing inventory, which saw an excellent pickup a few weeks ago, has been slowing down and last week we saw a slight decline. Has seasonality finally kicked in or did back-to-back hurricanes slow things enough to influence inventory data? Since then, inventory growth has been slowing down and even declined last week.

Inventory 437

Inventory New Listings Retail Mortgage 437

Housing Wire

OCTOBER 16, 2023

Available inventory of unsold homes rose by 1.8% The leading indicators for sales prices show that 2023 will end with home price gains of 1-2% over 2022, but the 2024 outlook is weakening and depends on your view of mortgage rates in Q1 and whether home prices will appreciate next year. Will we see inventory growth YoY by November?

Inventory 442

Inventory Contracts Sellers New Listings 442

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.

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Mortgage Inventory New Listings Contracts 482

Housing Wire

APRIL 20, 2023

months’ worth of housing inventory in the U.S. NAR: Total housing inventory registered at the end of March was 980,000 units, up 1.0% Unsold inventory sits at a 2.6-month Total housing inventory, while up year over year, is still near all-time lows, and monthly supply is also up year over year. We only have 2.6

Inventory 515

Inventory Housing Market Marketing New Listings 515

Appraisal Buzz

JUNE 12, 2024

Home sellers are returning to the market, but buyers are hesitant, according to a recent Zillow market report. May 2024 Market Report Highlights Home values climbed month over month in all 50 of the nation’s largest metro areas in May. Inventory, New Listings and Pending Sales Overview New listings increased by 7.9%

Sellers 398

Sellers Buyers New Listings Home Value 398

Housing Wire

MARCH 22, 2024

With low housing inventory nationwide, agents are using innovative ways to find real estate seller leads and convert them into listings. To help you snag more listings, we updated our list of proven strategies to win more real estate seller leads in 2024. When you buy through our links, we may earn a commission.

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Real Estate Sellers Real Estate Agent Tools 364

Housing Wire

FEBRUARY 26, 2024

Inventory is rising across the country as home-buying affordability takes another hit. As demand slows, inventory grows. As a result, inventory is higher and future sales price indicators are also softer than they were a year ago. We still see more sellers than last year. This the first inventory increase of the year.

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Sellers Inventory New Listings Contracts 405

Housing Wire

JULY 27, 2024

One of my critical forecasts for 2024 was the growth of new listings data and active inventory, even with higher mortgage rates. Many of my CNBC interviews , starting from late last year and just last week , have been on this theme, and new listings have grown in 2024. have higher inventory than the national data.

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New Listings Inventory Mortgage Sellers 457

Housing Wire

NOVEMBER 25, 2023

However, the recent drop in housing inventory has more to do with seasonality factors than lower mortgage rates. Higher mortgage rates did push inventory higher during the seasonal period when it would normally be declining. The question now is what will inventory look like in the spring if mortgage rates keep falling?

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Inventory Mortgage New Listings Buyers 514

Housing Wire

APRIL 11, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

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Inventory Housing Market Marketing Modernization 500

Housing Wire

AUGUST 26, 2024

Unsold inventory in the two biggest housing markets in the country, Texas and Florida, declined this week. Inventory seems to have peaked for the season and is slowly inching down. This probably reflects seller discouragement in a low-demand market, pulling their listings to wait until next year.

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Inventory Marketing Sellers New Listings 374

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! However, there are two big trends that stand out as we launch into 2025 affordability and sellers in the market. The other trend to watch is whether we finally have more sellers entering the market in 2025.

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Housing Market Marketing New Listings Inventory 439

Housing Wire

MARCH 18, 2024

As we started 2024, the signals in the U.S. real estate market were for inventory growth, sales growth and home-price growth across the U.S. Last year, the most common view was that mortgage rates would fall in 2024. I talk frequently about how rising rates creates rising inventory. They climbed starting Jan.

Inventory 386

Inventory New Listings Sellers Contracts 386

Appraisal Buzz

SEPTEMBER 13, 2024

As we near the fourth quarter of 2024, the traditional peak of the home-buying season has passed, and the real estate market is entering a period of transition. This growing inventory is expected to persist until October, driven by elevated mortgage rates that are keeping many potential buyers on the sidelines.

Inventory 398

Inventory Real Estate Marketing New Listings 398

Housing Wire

JUNE 18, 2024

By now everyone knows that unsold inventory of homes on the market is climbing. But is that unsold inventory surging? Inventory is up this week There are now 621,000 single-family homes unsold on the market around the U.S. In the last few weeks, Inventory is no longer growing compared to last year. Now there are 37.6%

Inventory 381

Inventory Contracts Housing Market New Listings 381

Housing Wire

NOVEMBER 20, 2023

Last week, I asserted that housing inventory growth had finished for the year. This week, the available inventory of unsold single-family homes crept up minimally. It looks like this is evidence that housing markets are returning to normal rather than a case of sellers panicking, but it’s worth keeping an eye on.

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Inventory New Listings Housing Market Sellers 396

Housing Wire

NOVEMBER 27, 2023

If you follow real estate data closely, you’ll know that inventory rose late into November. 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% A few more sellers appear to be braving the market each week. Short on time?

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New Listings Contracts Inventory Housing Market 485

Housing Wire

APRIL 6, 2024

Weekly housing inventory data — both active inventory and new listings — are prone to one-week moves that deviate from a trend, especially if people are going Easter egg hunting. So, the fact that active inventory and new listings data fell last week isn’t a big deal. However, for now, this is a plus for the U.S.

Inventory 424

Inventory New Listings Mortgage Housing Market 424