Housing Wire

AUGUST 26, 2024

Unsold inventory in the two biggest housing markets in the country, Texas and Florida, declined this week. Inventory seems to have peaked for the season and is slowly inching down. It also reflects that most homeowners in the country have cheap financing , so they can afford not to sell in unfavorable environments.

Inventory 467

Inventory Marketing Sellers New Listings 467

Housing Wire

DECEMBER 18, 2024

“Buyers remained active in the purchase market , helped by gradually improving inventory conditions and a more positive outlook on the economy and job market. MBA data also showed that average contract interest rates across loan types increased during the week. And the 30-year FHA loan rate increased by 2 bps to 6.49%.

Mortgage 387

Mortgage Contracts Government Inventory 387

Housing Wire

SEPTEMBER 1, 2024

Have we seen the peak in housing inventory for 2024? The best part about 2024 has been that higher mortgage rates have created an inventory buffer, so if the economy gets softer and rates fall, we have many more homes to work with than we had in 2020-2023. Weekly inventory change (Aug.

Inventory 538

Inventory Mortgage New Listings Housing Market 538

Housing Wire

MARCH 11, 2024

Last fall when people were still expecting mortgage rates to be falling this year, it was common to assume rates would be in the low 6s or 5s this year and people asked me if lower rates would bring a flood of inventory. The only way inventory would grow in 2024 is if mortgage rates climbed. But the evidence is the opposite.

Inventory 516

Inventory Sellers New Listings Real Estate 516

Housing Wire

DECEMBER 9, 2024

We know inventory has been climbing all year. The northern cities have tight inventory and rising prices, some of the Sunbelt cities have the most inventory in many years, and some markets even have falling prices, too. Inventory is growing Lets start with supply. Inventory shrank every year for most of the decade.

Housing Market 418

Housing Market Marketing Inventory Sellers 418

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 426

Inventory New Listings Sellers Buyers 426

Housing Wire

NOVEMBER 20, 2023

Last week, I asserted that housing inventory growth had finished for the year. This week, the available inventory of unsold single-family homes crept up minimally. Housing inventory inches up There were 570,000 single-family homes on the market, or 0.5% Turns out I was wrong! After all, more sellers means more sales in 2024.

Inventory 476

Inventory New Listings Housing Market Sellers 476

Housing Wire

DECEMBER 11, 2024

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. MBA’s report also examined the average contract interest rates for several loan types. of all applications. more than the current limit.

Mortgage 396

Mortgage Contracts Government Inventory 396

Housing Wire

MARCH 14, 2024

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I According to Tiller, the tight inventory has caused homebuyers to spend up to six months searching for their new property, roughly double the time it took prior to the pandemic.

Inventory 459

Inventory Buyers Agents Real Estate 459

Housing Wire

SEPTEMBER 9, 2024

While inventory of unsold homes in the housing market in each of the last two years headed higher during September and October due to mortgage rate spikes, we’re seeing a more normal seasonal pattern now with inventory beginning to decline. Inventory is not climbing, it’s basically flat. The other reason is the withdrawals.

Sellers 482

Sellers Inventory Contracts New Listings 482

Housing Wire

MAY 13, 2024

Inventory continues to build at the national level, something that’s happening most rapidly in the South. Housing inventory There are now 568,000 unsold single-family homes on the market. It’s not a massive gain, but inventory is growing and will continue to grow over the next few months. As the U.S. That’s up 1.5%

New Listings 499

New Listings Contracts Inventory Sellers 499

Housing Wire

MAY 22, 2024

So, it was necessary to highlight that for this report because our fresh current inventory data paints a different picture. Looking ahead, price growth will cool down in the second half of 2024 because of increased inventory and more homes taking a price cut before selling. from the previous year ($385,800). All four U.S.

Inventory 513

Inventory New Listings Housing Market Contracts 513

Housing Wire

NOVEMBER 4, 2024

Finding an agent Like 43% of homebuyers , I began my search online, as I worked to get a sense for what the inventory in my preferred areas and in my price range looked like. I wanted to make sure I was comfortable with what the inventory in my price range might look like before I began taking up an agent’s valuable time.

Agents 435

Agents Inspection Real Estate Sellers 435

Housing Wire

SEPTEMBER 30, 2024

The number of homes under contract across the country has risen for the last few weeks. Pending home sales climb There are 362,000 single-family homes under contract. We’re showing 6% more homes in contract now than last year. Homes stay under contract for 30 to 40 days. Inventory is still rising right now.

Mortgage 459

Mortgage Contracts Inventory New Listings 459

Housing Wire

JULY 15, 2024

Inventory dipped during the week, which included the long July 4 holiday weekend. Contrast this week to 2022, when inventory rose by 3% during the holiday week. Inventory is slightly down There are currently 651,000 single-family homes unsold on the market around the country. Inventory is 38.5% more than a year ago.

Housing Market 497

Housing Market New Listings Marketing Mortgage 497

Housing Wire

NOVEMBER 27, 2023

If you follow real estate data closely, you’ll know that inventory rose late into November. Inventory (finally) peaks for the year Housing inventory was down by 0.7% Inventory hit 566,000 homes on the market, meaning there are 0.5% You also know that new listings are up over last year, too. Short on time? from last week.

New Listings 508

New Listings Contracts Inventory Real Estate 508

Housing Wire

NOVEMBER 14, 2023

As 2023 draws to a close soon, housing inventory has been rising very late in the year. Here are some key housing market data takeaways: Inventory peaks for the year There are 567,000 single-family homes on the market, which is unchanged from last week. Remember the Altos rule: If rates go up, inventory will build in 2024.

Housing Market 468

Housing Market Marketing Inventory Contracts 468

Housing Wire

OCTOBER 31, 2023

At least, that’s what the data seems to suggest as inventory grows and new listings decline at a less aggressive rate than last year. Inventory creeps up There are now 562,000 single-family homes on the housing market. Don’t be surprised if inventory keeps climbing next week into November. Don’t have time?

New Listings 511

New Listings Inventory Contracts Housing Market 511

Housing Wire

NOVEMBER 6, 2023

Inventory continues to build There are 567,000 single-family homes on the market. Housing inventory. Remember the Altos rule: If mortgage rates go up, inventory will build in 2024. If rates fall, inventory will also come down again. Here are some quick takeaways from our latest data dive at Altos Research. from last week.

Housing Market 516

Housing Market Marketing Inventory Contracts 516

Housing Wire

APRIL 13, 2024

Now that this technical level has been broken, 2024 is going to be a lot more interesting, something I discussed in an interview with Yahoo Finance. Weekly housing inventory data Usually, I would jump for joy at last week’s inventory growth. One item to note for this year is the year-over-year comparisons on active inventory.

Inventory 504

Inventory Mortgage New Listings Retail 504

Housing Wire

AUGUST 6, 2024

Inventory rose as expected Inventory rose pretty much as expected for the end of July week. Last year, as mortgage rates were rising last in the year, inventory was rising at 1-2% per week in August and September into October and rose all the way to late November. Especially note that September increase in inventory.

Mortgage 482

Mortgage Inventory New Listings Contracts 482

Housing Wire

SEPTEMBER 7, 2023

Rising mortgage rates mean rising inventory as home buyer demand slows quickly. Most years, available inventory of unsold homes on the market peaks in August. This year inventory is still climbing. This caused inventory to rise dramatically late into October. Less demand means fewer purchases and inventory builds.

Contracts 468

Contracts Inventory Buyers New Listings 468

Housing Wire

OCTOBER 15, 2024

Inventory declined Overall inventory of unsold single family homes on the market declined this week to 732,000 homes. Last year, inventory was rising by almost 2% per week in the middle of October as homebuyer demand deteriorated. The inventory trends are very different compared to a year ago. Here’s this week’s data.

Inventory 505

Inventory New Listings Sellers Marketing 505

Housing Wire

DECEMBER 4, 2023

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. It’s looking like we’ll end 2023 with higher housing inventory than this time last year. Inventory is 1.2% higher than last year at this time.

Housing Market 505

Housing Market Marketing Inventory New Listings 505

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

MARCH 15, 2024

Inventory has been trending upward for the last two years despite persistently high mortgage rates, Mike Simonsen, president and founder of Altos Research , wrote on Monday. Such homes went under contract typically after 17 days on the market. Mortgage demand has been on the rise for two weeks in a row.

New Listings 493

New Listings Inventory Home Value Contracts 493

Housing Wire

MAY 18, 2024

The moves haven’t been significant and our weekly pending contracts data picked up this week. Weekly housing inventory data For the third consecutive week, we haven’t quite reached my weekly target of inventory growth between 11,000 and 17,000 homes. When mortgage rates increase, demand falls and the price-cut percentage grows.

New Listings 501

New Listings Inventory Mortgage Contracts 501

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 451

Inventory New Listings Contracts Buyers 451

Housing Wire

OCTOBER 24, 2023

Inventory is up as homes sit for longer As of Oct. Inventory is growing faster than last year at this time. Housing supply shows no signs of easing There were 325,000 single-family homes in the contract-pending stage, or 6% fewer home sales than last year. Meanwhile, we saw 55,000 new contracts for single-family homes this week.

Contracts 488

Contracts Inventory New Listings Housing Market 488

Housing Wire

OCTOBER 7, 2024

Pending home sales continue to climb There are 362,000 single-family homes under contract. This is measuring the total count of homes that are under contract now. We’re showing 6% more homes under contract now than last year. Homes stay under contract for 30 to 40 days. It was just under a 1% increase this week.

Housing Market 476

Housing Market Marketing Mortgage Contracts 476

Housing Wire

DECEMBER 7, 2020

For now, though, the low inventory means housing starts have legs to move higher. Existing home inventory is also at all-time lows. Existing home inventory is also at all-time lows. Unsold inventory sits at an all-time-low 2.5-month Keep this rule of thumb in mind for the future, below 4.3 Existing Home Supply.

Inventory 545

Inventory Construction Government Housing Market 545

Housing Wire

SEPTEMBER 15, 2024

Weekly housing inventory data Higher rates lead to more inventory. My model has been simple for the last two years; as long as mortgage rates stay above 7.25%, inventory should grow in a normal range of 11,000-17,000 per week. Weekly inventory change (Sept. This data line has slowed its price as rates have fallen.

Mortgage 521

Mortgage Inventory New Listings Retail 521

Housing Wire

AUGUST 24, 2024

Weekly housing inventory data As mortgage rates have dropped recently, inventory growth has slowed below my weekly target level of 11,000-17,000. My premise is that higher rates can create more inventory growth because they limit mortgage demand, so the slowdown in the inventory growth rate looks normal to me.

Inventory 498

Inventory New Listings Sellers Mortgage 498

Housing Wire

OCTOBER 26, 2023

Despite the slight gain, pending contracts remain at historically low levels due to the highest mortgage rates in 20 years,” Lawrence Yun, NAR chief economist said in a statement. Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated.” Year over year, all four regions saw declining transactions.

Inventory 435

Inventory Contracts Housing Market Realtors 435

Housing Wire

DECEMBER 15, 2021

The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) remained unchanged at 3.30%. Would-be homebuyers are finding it hard to compete with FHA and VA loans in a purchase market defined by low inventory. Refinances represented 63.3% the previous week.

Inventory 435

Inventory Contracts Government Mortgage 435

Housing Wire

AUGUST 4, 2024

Weekly housing inventory data The best story in 2024 has been inventory growth. We can’t have a functional housing market with the inventory levels we saw from 2020-2023. This year we’ve gotten enough inventory growth to create a buffer so we don’t have another savagely unhealthy housing market when mortgage rates fall.

Mortgage 518

Mortgage Inventory New Listings Housing Market 518

Appraisal Buzz

FEBRUARY 5, 2025

The mortgage industry has experienced significant contraction over the past two years, adjusting operations to align with the reduced demand for refinance and purchase financing. months of inventory, lower interest rates could entice a wave of new homebuyers who have been waiting on the sidelines for the past two years.

Marketing 221

Marketing Loan Officers Training Technology 221