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Housing market data positive despite Powell’s Grinch act

Housing Wire

21): Inventory fell from 538,767 to 528,601 The all-time inventory bottom was in 2022 at 240,497 The inventory peak for 2024 so far is 739,434 For some context, active listings for this week in 2015 were 1,013,245 New Listings New listings data is showing a typical decline for this time of year.

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30 must-have real estate text message scripts to convert leads and close deals

Housing Wire

In this article, we’ve gathered 30 real estate text message scripts designed to help you connect with leads, nurture relationships, and get more deals to the closing table this coming year. Script 8: New listing on the market Hi [Name], I just found a listing that fits your criteria perfectly! Let me know what you think!

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Logan Mohtashami on CNBC: How rates are impacting supply

Housing Wire

Using weekly data from Altos Research , Mohtashami showed that new listings have been trending at their lowest levels in history for the past 12 months. However, he noticed another notable decline in listing since mortgage rates really peaked above the 7% range.

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Housing inventory defied all predictions in 2023

Housing Wire

Traditionally, with the tracker articles, we talk about purchase application data and mortgage rates as well as inventory, but purchase app data isn’t given during the holiday week and not much happened in the bond market last week. What we want to see in 2024 is new listing data growing in the spring season.

Inventory 521
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Why higher rates aren’t crashing home prices

Housing Wire

That day, I wrote an article about how bad the home sales data was getting due to the affordability hit and that existing home sales should get down toward 4 million and below. This was a big deal, and the weekly Housing Market Tracker of new listing data was all over this. That is the next step of this process.

Inventory 546
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Housing inventory fell last week, but it won’t derail the spring bump

Housing Wire

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 493
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Here’s what is happening in local housing markets across the country

Housing Wire

New listings within both property types fell sharply from the same period last year,” said study author Jonathan Miller, “keeping upward pressure on prices.”. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis. Thirty-three condo contracts were entered in July and 20 were in the $2-$4 million range.