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New listings data falls for third week in a row 

Housing Wire

New listings data has been moving lower over the last few weeks. The moves haven’t been significant and our weekly pending contracts data picked up this week. But, we need to see more growth in new listings data just to grow from 2023 levels.

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Better mortgage spreads are capping rates in 2025

Housing Wire

Weekly pending sales The latest weekly pending contract data from Altos Research offers valuable insights into current trends in housing demand. The last two years were the two lowest new listings data years in history. 26 in Dallas. We are still showing higher growth versus 2023 levels but not by much.

Mortgage 492
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Home inventory is climbing even faster than this time a year ago

Housing Wire

This is a demand-driven slowdown, because new listings supply is still running 9% to 10% fewer homes for sale each week than this time last year. We’re seeing fewer new sellers each week, but inventory is building as homebuyers wait to see if mortgage rates will come down to make purchases more affordable. from last week.

Inventory 505
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Is mortgage demand really picking up?

Housing Wire

Let’s dig into the data to understand these developments better. Now, context is critical; 2023 new listings data was at the lowest levels ever and 2024 looks to be second in the book. This contract data will grow if mortgage rates head lower and stay lower.

Mortgage 482
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Home sales are up over last year

Housing Wire

This week, we count 14% more homes in the contract pending stage now than a year ago. Another tricky part of communicating this news is that home sales aren’t suddenly great. New listings rise There were just under 61,000 new listings unsold this week. For whatever reason, the trend seems to be holding now.

Inventory 396
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Signs point to more inventory this spring: Altos

Housing Wire

Home sellers are starting to ease back into the market, new listings are finally exceeding the levels of a year ago. It’s a positive development. The market had about 49,000 new listings this week. 9,000 of those are already in contract. I’ve called this a supply constrained market. It’s not a boom.

Inventory 482
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Has home seller growth lost momentum?

Housing Wire

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. But weekly new listings volume is low compared to January 2024, which is a sign of market stagnation.

Sellers 369