Housing Wire

MARCH 18, 2024

real estate market were for inventory growth, sales growth and home-price growth across the U.S. Of my initial expectations this year — rising inventory, rising sales rates, rising prices — only rising inventory remains clear at this moment as we finish Q1 with rising interest rates. As we started 2024, the signals in the U.S.

Inventory 468

Inventory New Listings Sellers Contracts 468

Housing Wire

AUGUST 19, 2024

Unsold inventory of homes for sale has been on the rise all year. It hasn’t turned the corner yet — inventory rose across the country this week — but at less than 1% rate. There are some signs that inventory growth is slowing with newly lower mortgage rates and the end of the summer. Texas inventory grew by 1.5%

Inventory 444

Inventory New Listings Sellers Buyers 444

Housing Wire

JANUARY 13, 2025

This is the trend that will be the theme for 2025. It seems more sellers are coming out every week and that will keep inventory pushing upward. First thing to note is that California has very restricted inventory. Total inventory dipped because of withdrawals, not always because of purchase demand. That means 4.2

Sellers 418

Sellers Inventory New Listings Contracts 418

Housing Wire

JANUARY 6, 2025

Altos Research tracks every home for sale in the country every week all the active inventory and pending sales as they happen as well as prices and supply and demand metrics Lets look at this weeks data. Inventory fell There are 635,000 single-family homes unsold on the market now. In 2018, mortgage rates and inventory rose all year.

Inventory 448

Inventory New Listings Contracts Sellers 448

Housing Wire

AUGUST 29, 2024

Unsold inventory of homes on the market has been climbing in the U.S. In general, inventory rises with rates because more expensive money slows demand. When demand slows, inventory grows. Inventory is climbing but it’s still pretty restricted. And importantly, inventory isn’t growing everywhere equally.

Inventory 482

Inventory Real Estate Housing Market Construction 482

Housing Wire

JANUARY 4, 2025

Our weekly pending contract data has shown year-over-year growth for some time now, even with elevated mortgage rates. Weekly pending sales The latest weekly pending contract data from Altos Research offers critical insights into real-time trends in housing demand. Has the spring home-buying season already begun?

New Listings 508

New Listings Inventory Contracts Mortgage 508

Housing Wire

JANUARY 20, 2025

New contracts for home purchases are coming in very low this month. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. When will that be? I have no idea.

Mortgage 396

Mortgage Inventory New Listings Contracts 396

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. increase between 2024 and 2025 to a pace of 5.35 increase between 2024 and 2025 to a pace of 5.35 in November.

Contracts 482

Contracts Housing Market Construction Inventory 482

Appraisal Buzz

OCTOBER 30, 2024

increase in the Pending Home Sales Index (PHSI), a measure of future home sales based on contract signings, to 75.8, The amount of contract activity in 2001 is represented by an index of 100. Year-over-year, contract signings grew in the Northeast and West and were unchanged in the Midwest and South. September saw a 7.4%

Contracts 418

Contracts Buyers Inventory Mortgage 418

Housing Wire

NOVEMBER 25, 2024

Inventory also declined for the week but less than expected. Inventory has been compressing since last year, but it expanded this week. Inventory is moving down There are now 719,000 single-family homes unsold on the market around the U.S. We anticipate another 13% inventory growth next year.

New Listings 397

New Listings Inventory Sellers Contracts 397

Appraisal Buzz

DECEMBER 30, 2024

Year-over-year, contract signings increased in all four U.S. Despite higher mortgage rates in November and persistent affordability challengers, buyers took advantage of more inventory as pending home sales reached the highest level in nearly two years, said First American Deputy Chief Economist Odeta Kushi. in November.

Contracts 435

Contracts Inventory Buyers Sellers 435

Housing Wire

DECEMBER 21, 2024

Despite this, we had positive data on existing home sales , purchase applications, and our weekly pending contract figures. However, we need lower mortgage rates to grow sales in a bigger fashion in 2025. Weekly housing inventory data As we enter the year’s final weeks, we usually see a drop in housing inventory.

Housing Market 505

Housing Market Marketing Inventory New Listings 505

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. Weekly inventory change (Nov. Weekly inventory change (Nov.

Mortgage 514

Mortgage Inventory New Listings Contracts 514

Appraisal Buzz

JUNE 27, 2024

Indicator of prospective home sales based on contract signings, the Pending Home Sales Index (PHSI) dropped to 70.8 The level of contract activity in 2001 is represented by an index of 100. A continued dearth of inventory, high home prices and stable mortgage interest rates have kept would-be home buyers at bay this spring.”

Contracts 418

Contracts Inventory Buyers Mortgage 418

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. With just a few local market exceptions, home prices nationally will finish the year up again and will go into 2025 with some upward momentum. Our model had expected inventory to climb just a bit this week.

Inventory 476

Inventory New Listings Sellers Contracts 476

Housing Wire

NOVEMBER 21, 2024

The difference is mortgage rates: even with inventory growing at a healthy clip this year, mortgage rates just heading down toward 6% for a brief period of time resulted in higher prices in a seasonally soft period. This is something to think about for 2025. However, that didn’t happen. million in October.

Mortgage 492

Mortgage Housing Market Inventory Contracts 492

Housing Wire

DECEMBER 19, 2023

The inventory picture There are now 539,000 single-family homes on the market unsold, which is up 3.2% Housing inventory climbed late in the year as mortgage rates rose. Rates are falling now and if that continues, buyers will jump and inventory will fall well into the first quarter of 2024. than last year at this time.

Sellers 482

Sellers Marketing Inventory Contracts 482

Housing Wire

MARCH 25, 2024

Specifically, when housing inventory is 25% greater than a year ago, the supply/demand balance is obviously very different than it has been. 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. Now it’s on the rise.

New Listings 511

New Listings Inventory Contracts Sellers 511

Housing Wire

JUNE 27, 2024

An index of 100 is equal to the level of contract activity in 2001. Pending sales are a forward-looking indicator of home sales based on contract signings, so two consecutive months of declining pending home sales suggest a negative outlook for sales activity,” Odeta Kushi , First American’ s deputy chief economist, said in a statement.

Inventory 501

Inventory Contracts Realtors Buyers 501

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. Weekly housing inventory data Housing inventory fell last week, which is typical at this time of year.

New Listings 505

New Listings Inventory Contracts Housing Market 505

Appraisal Buzz

DECEMBER 19, 2024

More buyers have entered the market as the economy continues to add jobs, housing inventory grows compared to a year ago, and consumers get used to a new normal of mortgage rates between 6% and 7%. million units in total housing inventory, which was 2.9% At the current sales pace, unsold inventory is at a 3.8-month

Inventory 396

Inventory Realtors Buyers Contracts 396

Housing Wire

NOVEMBER 11, 2024

Inventory, new listings, sales, and prices all dipped this week. Given the confluence of trends right now, I do expect inventory and new listings to rebound again before the end of the month. I’m now looking forward to 2025 when the data comes in each week. Inventory growing Rising interest rates create rising inventory.

Housing Market 397

Housing Market Marketing Inventory New Listings 397

Housing Wire

NOVEMBER 4, 2024

This week, we count 14% more homes in the contract pending stage now than a year ago. Inventory is past peak for the year, so the momentum looks to keep the trends in a positive direction for now. Inventory drops again There are 736,000 single-family homes unsold on the market in the U.S. Higher rates create more inventory.

Inventory 396

Inventory New Listings Sellers Contracts 396

Housing Wire

SEPTEMBER 3, 2024

This week the available inventory of homes for sale inched down across the country. But it is indicative that we’re roughly at the peak of inventory for the summer. We may have a few more weeks of inventory gains, but the long stretch where inventory has been growing compared to a year ago is now over.

Inventory 458

Inventory New Listings Contracts Buyers 458

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. An index score above 50 indicates market expansion, while a score below 50 indicates contraction. ”

Investors 434

Investors Mortgage Property Taxes Inventory 434

Housing Wire

DECEMBER 14, 2024

Additionally, our pending contracts are still reflecting double-digit year-over-year growth. Weekly pending sales The weekly pending contract data from Altos Research gives us a great peek into real-time housing demand. Weekly housing inventory data We are experiencing a seasonal decline in housing inventory , which seems normal.

Mortgage 448

Mortgage Inventory New Listings Contracts 448

Appraisal Buzz

JUNE 28, 2024

Regionally, and month over month, contract signings declined in the Midwest and South but increased in the Northeast and West. The market is at an interesting point with rising inventory and lower demand,” says Lawrence Yun, chief economist for NAR, in a statement. million in 2025. million in 2025.

Inventory 195

Inventory Contracts Realtors Mortgage 195

Housing Wire

DECEMBER 11, 2024

This could represent a glimmer of hope for mortgage lenders heading into 2025. In addition to lower rates, purchase activity continues to be supported by sustained housing demand and inventory that continues to grow gradually in many markets,” Kan added. The MBA adjusted last week’s data for the Thanksgiving holiday.

Mortgage 397

Mortgage Contracts Government Inventory 397

Appraisal Buzz

SEPTEMBER 5, 2024

s latest August Market Pulse Report found that the nation’s housing inventory remains low from a historical perspective, however, is now at the highest level reported since Covid. Notably, total inventory is up 28.7% elementor – v3.23.0 – 05-08-2024 */.elementor-widget-text-editor.elementor-drop-cap-view-stacked.elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed.elementor-drop-cap{color:#69727d;border:3px

Construction 459

Construction Inventory Housing Market Contracts 459

Housing Wire

DECEMBER 4, 2024

29 as borrowers took advantage of improved inventory levels and the lowest mortgage rates in a month, according to data released Wednesday by the Mortgage Bankers Association (MBA). In 2025, jumbo loans will increase to a minimum size of $806,501 — a 5.2% Mortgage applications increased 2.8%

Mortgage 397

Mortgage Inventory Government Contracts 397

Housing Wire

NOVEMBER 27, 2024

With the growth in for-sale inventory and signs that the economy remains strong, buyers have remained in the market even though rates have increased recently. The MBA reported that the average contract interest rate for 30-year fixed-rate loans with conforming balances ($766,550 or less) dropped by 4 bps during the week to 6.86%.

Mortgage 370

Mortgage Contracts Government Inventory 370

Housing Wire

JULY 17, 2023

By October 2022, it looked like 2023 would have rising inventory and falling home prices. Inventory has fallen all year. The peak of inventory for 2023 so far was the week of the New Year — that is insane. We could see inventory from distressed sellers emerge in 2025. I grew pretty bearish again. is $450,000.

Real Estate 369

Real Estate Marketing Inventory Contracts 369

Appraisal Buzz

JUNE 12, 2024

Inventory, New Listings and Pending Sales Overview New listings increased by 7.9% Inventory (the number of listings active at any time during the month) in May increased by 7.4% Inventory (the number of listings active at any time during the month) in May increased by 7.4% Inventory levels are 33.8% through May 2025.

Sellers 397

Sellers Buyers New Listings Home Value 397

Appraisal Buzz

JULY 12, 2024

Now is a good time–at least compared to the recent past–for serious house hunters to get under contract on a home,” said Daryl Fairweather, Chief Economist at Redfin. Compared to 28% two years prior, 40% of the residences on the market had been listed for at least two months without receiving a contract. overall and by 7.3%

Contracts 370

Contracts Inventory Buyers Sellers 370

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. trillion in 2025, according to forecasts from the Mortgage Bankers Association (MBA). economy remains hot.

Loan Officers 448

Loan Officers Mortgage Buyers Inventory 448

Housing Wire

JUNE 2, 2023

Meanwhile, 2025 and 2026 will be off the charts. What does Ishbia think about surging mortgage rates , lack of housing inventory and monetary and policy pressures ? And 2024, 2025 and 2026, they’ll be the three best mortgage years in history because everybody that’s doing 6.5% Rates lowering frees up inventory.

Retail 370

Retail Inventory Mortgage Loan Officers 370

Appraisal Buzz

DECEMBER 11, 2024

What changes do you anticipate in 2025? Fannie Mae is not anticipating a substantial shift in the property preservation landscape in 2025. Keep in mind that, during times of low REO inventory, we may not have a need for new suppliers. What changes do you anticipate in 2025? What changes do you anticipate in 2025?

Inspection 396

Inspection Technology Insurance Training 396