Buyers Mortgage New Listings 
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. However, the new listings data has slightly disappointed me. New listings data I am pleased that we’ve seen new listings data grow year over year — it’s a big step forward.
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%
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Housing Wire
SEPTEMBER 15, 2023
Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. of homes that went under contract that month, according to a new report from Redfin. The average interest rate on a 30-year-fixed mortgage was 7.07% in August. That rate is up from 14.3%
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.
Housing Wire
APRIL 5, 2021
Instead of making up for the shortfall, new listings have slumped further in 2021. Year-over-year, new listing volumes were down 16% in January and 21% in February — amounting to a 125,000 deficit in inventory compared to the same time in 2020. In Los Angeles, the share of income required to pay a mortgage swelled to 44%.
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%.
Appraisal Buzz
JUNE 20, 2024
year-over-year, representing the largest drop in over four months—according to a new study from Redfin. Buyers are also avoiding earlier stages of the house-hunting process. Buyers are retreating primarily due to high home costs. Conversely, new listings remain near historic lows. New listings are up 7.7%
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