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.

Government 468

Government Mortgage Inventory New Listings 468

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

MARCH 17, 2025

As mortgage rates rose, homebuyer demand slowed and inventory grew. In 2025, mortgage rates have stayed stubbornly high for yet another spring buying season. Our 2025 housing market predictions are based on the assumption that lower mortgage rates will spur demand and boost the number of homes sales transactions.

Inventory 428

Inventory New Listings Housing Market Sellers 428

Housing Wire

JANUARY 20, 2025

New contracts for home purchases are coming in very low this month. In the fourth quarter of 2024, sales were coming in at 5% to 10% more than the year prior. Both the weekly new contracts and all the homes in the contract pending stage are below last year. This housing market is on hold until mortgage rates come down.

Mortgage 397

Mortgage Inventory New Listings Contracts 397

Housing Wire

OCTOBER 13, 2024

Weekly housing inventory data Four weeks ago was the best week of inventory growth in 2024, as we hit my model range without higher mortgage rates : I gave it the chef’s kiss. Remember that 2023 had the lowest new listings data ever and 2024 will have the second lowest. Still, at least we saw growth in 2024.

Inventory 511

Inventory New Listings Retail Mortgage 511

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.

New Listings 450

New Listings Inventory Housing Market Sellers 450

Housing Wire

FEBRUARY 24, 2025

Mortgage rates are a big variable here. In 2024, we saw a notable increase in buyer demand when mortgage rates got close to 6%. However, mortgage rates were climbing to their highest level of the year at this time in 2024. Mortgage rates now are lower than they were a year ago. This year its 2%.

Inventory 495

Inventory New Listings Sellers Contracts 495

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

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

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.

New Listings 501

New Listings Inventory Mortgage Contracts 501

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%. Mortgage rates didn’t moved too much last week.

Inventory 521

Inventory Mortgage New Listings Marketing 521

Housing Wire

MARCH 3, 2025

The 30-year fixed mortgage has followed suit, recently falling as low as 6.75%, the lowest level since mid-December. Its quite obvious that stubbornly high mortgage rates slowed down early season homebuyers in the first quarter of 2025. This is after Q4 2024 was 5% above the year prior. Thats a pretty notable swing.

New Listings 374

New Listings Inventory Contracts Sellers 374

Housing Wire

OCTOBER 28, 2024

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. Let’s take a look at the data for the end of October 2024. This year’s mortgage rate moves are smaller than last years.

Inventory 476

Inventory New Listings Sellers Contracts 476

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.

Mortgage 525

Mortgage Inventory New Listings Contracts 525

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. Mortgage rates continue to move higher and that’s impacting buyers. Last week there were 52,000 new listings for single-family homes unsold.

Housing Market 448

Housing Market New Listings Marketing Inventory 448

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. Also, when mortgage rates rise, the inventory peak happens later in the year. Is the seasonal bottom going to happen later than I want?

Inventory 523

Inventory Mortgage New Listings Housing Market 523

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. For the fifth time this year, inventory hit my target level with elevated mortgage rates.

New Listings 415

New Listings Inventory Contracts Sellers 415

Housing Wire

NOVEMBER 4, 2024

Another tricky part of communicating this news is that home sales aren’t suddenly great. Last year was weak as mortgage rates were hitting 8%. Let’s take a look at the data as we’re already in November 2024. The unsold supply of homes on the market has now passed its peak for 2024. The market is different now.

Inventory 396

Inventory New Listings Sellers Contracts 396

Housing Wire

FEBRUARY 22, 2024

Mortgage interest rates above 6% continued to impact potential homebuyers’ purchase power, while also contributing to a lock-in effect among would-be home sellers who bought their homes years ago with a mortgage rate of 3% to 4.5%,” the association explained in an announcement. ” Closed sales of single-family homes grew 0.6%

New Listings 468

New Listings Real Estate Realtors Inventory 468

Housing Wire

MARCH 10, 2025

New listings volume is trying to grow with its biggest week since September. List prices inched up for the week, though sales prices did not advance. This year still has fewer home sales than 2024 at this time. See the purple line for 2025 keeps coming in just below 2024. These sales are not yet closed. Thats up 1.2%

Inventory 425

Inventory New Listings Housing Market Sellers 425

Housing Wire

DECEMBER 16, 2024

Dramatic mortgage rate movements are destined to play a major role in the coming year, according to Zillow ‘s newest forecast , which also calls for declining mortgage rates to be a catalyst for home-sales growth and home-price appreciation in 2025. Zillow says that 2024 will finish with 4.06 million in 2025.

Housing Market 370

Housing Market Marketing New Listings Home Value 370

Housing Wire

JANUARY 13, 2025

There were 45,000 new listings for single-family homes across the country this week, which is a big jump. Mortgage rates pushed this week close to 7.25%. Its only two weeks into January and mortgage rates have hit the high end of the range we forecasted for the entire year. That’s 12% more sellers than a year ago.

Sellers 418

Sellers Inventory New Listings Contracts 418

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. This meant mortgage rates were significantly higher than average. Mortgage spreads Last year, the 10-year yield hit 5% and mortgage rates got above 8%.

Mortgage 514

Mortgage New Listings Inventory Contracts 514

Appraisal Buzz

JANUARY 17, 2025

Homebuyer demand dipped at the end of the year as mortgage rates continued to climb. After inching downward at the beginning of the month, mortgage rates reversed course halfway through December and have been rising sincein part because the Federal Reserve projected fewer 2025 interest-rate cuts than anticipated. New listings fell 1.6%

Contracts 397

Contracts New Listings Real Estate Agent Mortgage 397

Housing Wire

MARCH 6, 2025

New listings remain low as owners lock in Altos’s data for new listings accounts for single-family homes that come to market without an immediate or pending contract. New listings for single-family homes or condos are key indicators of seller behavior and new listings ramped up during the week of Feb.

Inventory 344

Inventory New Listings Government Housing Market 344

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. In the fourth quarter of 2024, we also noticed home sales growing, and that seems to be the theme this time around too.

Sellers 370

Sellers Inventory New Listings Contracts 370

Appraisal Buzz

JANUARY 31, 2025

According to a recent Redfin study, housing prices and mortgage rates are still high, and home sales are at their weakest pace since the pandemic began. Now its pretty clear that sellers arent slashing asking prices and mortgage rates arent plummeting, so mindsets are shifting. Median asking price $407,225 5.2%

New Listings 390

New Listings Sellers Buyers Mortgage 390

Housing Wire

FEBRUARY 3, 2025

We regard this metric, the percentage of homes on the market with price reductions from the original list price, as a leading indicator for future sales prices. Looking backward at the housing market , we can see sales prices are not appreciating compared to 2024. That trend is likely to continue until mortgage prices come back down.

Sellers 413

Sellers Inventory New Listings Contracts 413

Housing Wire

JANUARY 1, 2024

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Now that we’re in 2024, the Federal Reserve ‘s rate hike cycle is over, so let’s look at what that means for housing demand and home prices. If the 10-year yield gets above 4.25%, the U.S.

Housing Market 531

Housing Market Marketing New Listings Construction 531

Housing Wire

JANUARY 6, 2024

I believe this was the most overlooked housing story of the last year because even as mortgage rates rose all the way to 8% , the home price cut percentage data was always about 4% lower year over year. Now that mortgage rates have fallen and as we start the brand new year, we need to focus on this data line more.

Inventory 542

Inventory New Listings Housing Market Mortgage 542

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.

Housing Market 505

Housing Market Marketing Inventory New Listings 505

Appraisal Buzz

JANUARY 13, 2025

in December 2024 when compared to the same period the previous year. metro areas, Miami (45.4%), San Diego (42.4%), and Denver (41.9%) had the biggest annual rise in active listings. Compounding this, mortgage rates are hovering in the high 6s, following a strikingly different trend than at this time last year. pp South 26.7%

Inventory 354

Inventory New Listings Sellers Marketing 354

Housing Wire

AUGUST 17, 2024

Have lower mortgage rates already started to slow down housing inventory? Now, with mortgage rates dropping below that 7.25% level recently, inventory hasn’t been able to hit that growth model once. However, 2024 looks much healthier than 2023 data, as we desperately needed to get off those historically low levels of active listings.

Inventory 518

Inventory Mortgage New Listings Contracts 518

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. Despite two interest rate cuts by the Federal Reserve, mortgage rates rose again and remain stubbornly high. A substantial drop in new listings is a contributing factor.

Housing Market 370

Housing Market Marketing New Listings Sellers 370

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. Can mortgage rates go even lower? 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.

Mortgage 518

Mortgage Inventory New Listings Housing Market 518

Housing Wire

SEPTEMBER 7, 2024

Mortgage rates have made almost a 2% move lower from the highs of 2023. Now that the jobs week data is in, the question is: can mortgage rates go even lower? Let’s take a look at 2024 and see how much lower we can go. The answer is yes, but we will need more economic weakness, better spreads and a more dovish Fed.

Mortgage 533

Mortgage Inventory New Listings Marketing 533

Housing Wire

SEPTEMBER 15, 2024

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. Purchase application data First, purchase apps is the fastest way to look for positive or negative data at higher or lower mortgage rates. That’s ok — very few people are looking at the data without an agenda.

Mortgage 521

Mortgage Inventory New Listings Retail 521