Housing Wire

DECEMBER 30, 2024

Inventory continues to contract There are now 651,000 single-family homes unsold on the market across the U.S. Well see another week of inventory contraction this week with New Years mid-week. Some years, when demand is stronger, the available inventory of unsold homes keeps shrinking until February or March.

Housing Market 543

Housing Market Marketing New Listings Inventory 543

Appraisal Buzz

FEBRUARY 13, 2025

Redfin cited a number of reasons for this increase in the nations housing inventory, including: The mortgage rate lock-in effect is fading: A number of homeowners who scored low mortgage rates during the pandemic have been staying put because moving would mean taking on a higher rate. of homes that went under contract last month.

Inventory 397

Inventory New Listings Sellers Real Estate Agent 397

Housing Wire

MARCH 6, 2025

Will inventory levels skyrocket as federal workers leave? Weekly housing inventory ramps up What do we see in the data on housing inventory levels in the D.C. Weekly housing inventory ramps up What do we see in the data on housing inventory levels in the D.C. But inventory remains well below historical averages.

Inventory 337

Inventory New Listings Government Housing Market 337

Housing Wire

APRIL 9, 2025

Last week’s activity focused on purchase activity, which posted year-over-year growth for more than two months as for-sale inventory continues to increase steadily. All average contract interest rates saw decreases across the board. The VA share of total applications increased to 15.7% from 14.4% from the week prior.

Mortgage 481

Mortgage Contracts Inventory 481

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. The median price of the homes that went into contract this week — these are the new purchase offers with contracts pending — is now 6% greater than last year. They have not. Home prices ticked up this week.

Inventory 476

Inventory New Listings Sellers Contracts 476

Housing Wire

APRIL 5, 2025

Additionally, our weekly pending contract data and new listings are trending positively compared to last year. Weekly total pending sales The latest weekly total pending contract data from Altos offers valuable insights into current trends in housing demand. Witnessing a solid week of inventory growth brings a smile to my face.

Mortgage 533

Mortgage New Listings Inventory Contracts 533

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 397

Mortgage Inventory New Listings Contracts 397

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

Housing Wire

MARCH 15, 2025

Weekly pending sales The latest weekly pending contract data from Altos offers valuable insights into current trends in housing demand. However, our shorter weekly contract data lines are showing improvement. And remember, mortgage rates fell to around 6% in late 2022 and early 2023.

Mortgage 537

Mortgage New Listings Inventory Housing Market 537

Housing Wire

NOVEMBER 18, 2024

We already see many signals for what to expect, including last week’s data on inventory , new listings and price reductions, which I analyze below. Housing inventory There are now 722,000 unsold single-family homes on the market around the U.S. Below is the 10-year view of inventory trends in the U.S.

Housing Market 448

Housing Market New Listings Marketing Inventory 448

Housing Wire

JANUARY 13, 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. Lets look at this weeks housing market data: Inventory dips Total inventory dipped this week to 624,000 single-family homes on the market.

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

MAY 28, 2024

It’s the end of May and unsold inventory on the market is increasing across the U.S. Every state in the country has more homes on the market now than a year ago and, in many places, new construction is being completed and added to inventory, so it’s not just resale inventory that’s growing. Higher rates create more inventory.

Inventory 534

Inventory New Listings Contracts Sellers 534

Housing Wire

MARCH 21, 2025

Housing market forecasters projected home prices to rise in 2025 because of limited inventory and the release of pent-up demand as mortgage rates moderate off their highs of the last few years. Inventory is jumping all over the country, including Texas and Florida, where single-family homes for sale are up year over year by 30.4%

Inventory 418

Inventory Contracts Housing Market Marketing 418

Housing Wire

DECEMBER 21, 2024

Despite this, we had positive data on existing home sales , purchase applications, and our weekly pending contract figures. Weekly pending sales The latest weekly pending contract data from Altos Research offers an exciting glimpse into the real-time dynamics of housing demand. Weekly inventory change (Dec.

Housing Market 505

Housing Market Marketing Inventory New Listings 505

Housing Wire

FEBRUARY 8, 2025

Weekly pending sales The latest weekly pending contract data from Altos Research offers valuable insights into current trends in housing demand. Inventory is making a strong effort to recover after the challenges of the past five years, even with record-low sales. Weekly inventory change (Jan. Weekly inventory change (Jan.

Mortgage 492

Mortgage Inventory New Listings Contracts 492

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 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

JULY 20, 2024

We finally have six weeks of numbers that hit my housing inventory growth model perfectly in 2024. Last year, with higher mortgage rates , we had zero weeks at this level so I am now giving 2024 inventory growth a grade of A. have higher inventory than the national data.

Inventory 526

Inventory New Listings Contracts Mortgage 526

Housing Wire

JULY 8, 2024

There have been a few markets; however, that have defied the national trends where inventory has stayed tighter and demand keeps rolling in. Available inventory of unsold homes in the U.S. Inventory rose just over 1% this week Available inventory of unsold single-family homes rose by just over 1% this week to 653,000.

Inventory 482

Inventory Contracts Sellers New Listings 482

Housing Wire

MARCH 8, 2025

Weekly pending sales The latest weekly pending contract data from Altos offers valuable insights into current trends in housing demand. Weekly pending contracts for the past week over the past several years: 2025: 323,456 2024: 334,017 2023: 314,696 We have a better day on purchase applications but pending home sales, nothing of note.

Mortgage 450

Mortgage Inventory New Listings Housing Market 450

Housing Wire

APRIL 15, 2025

In total, there are now nearly 2% more homes in contract nationally than a year ago. Unsold inventory of homes on the market has been rising for years and is already at the highest level since 2019 nationally. Total unsold inventory is up, and the weekly pace of new sellers adding to that inventory is up too.

Housing Market 435

Housing Market Marketing Inventory Sellers 435

Housing Wire

FEBRUARY 3, 2025

Inventory of unsold homes on the market ticked down fractionally this week. Its not uncommon for January to have a little up and down in the inventory numbers. If inventory were jumping each week, that would be notable, but its not. At this time, of year theres new inventory and new buyers are shopping. is basically zero.

Sellers 413

Sellers Inventory New Listings Contracts 413

Housing Wire

FEBRUARY 10, 2025

As such, housing inventory isn’t shrinking. This indicates slow market stabilization and continued inventory growth throughout 2025. Fewer weekly sellers implies that well have a cap on inventory growth this year, even though demand is weak. Any inventory growth now is because demand is really weak.

Sellers 368

Sellers Inventory New Listings Contracts 368

Housing Wire

JANUARY 27, 2025

Recently, weve shared that the inventory of unsold homes is growing. There are already plenty of markets nationwide where the inventory of unsold homes has built up over the past few years and home prices have ticked down. And when we look at the supply data, supply of active inventory is continuing to grow.

Inventory 396

Inventory Sellers New Listings Contracts 396

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

FEBRUARY 23, 2025

Weekly pending sales The latest weekly pending contract data from Altos Research offers valuable insights into current trends in housing demand. Last week showed mild week inventory growth. Weekly inventory change (Feb. 21): Inventory rose from 637,991 to 640,221 The same week last year (Feb. Weekly inventory change (Feb.

Government 468

Government Mortgage Inventory New Listings 468

Housing Wire

AUGUST 17, 2024

Have lower mortgage rates already started to slow down housing inventory? I have a simple weekly growth model with the Altos inventory data: when rates are high, over 7.25%, inventory should grow between 11,000-17,000 weekly. Still, I would consider the last month of inventory growth healthy.

Inventory 518

Inventory Mortgage New Listings Contracts 518

Appraisal Buzz

NOVEMBER 27, 2024

NAR’s Pending Home Sales Index (PHSI)–a forward-looking indicator of home sales based on contract signings–rose 2% to 77.4 An index of 100 is equal to the level of contract activity in 2001. While increased inventory provides buyers with more options, the reality remains–you can’t buy what you can’t afford.” in October.

Contracts 418

Contracts Inventory Mortgage Buyers 418

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. These two trends are keeping a cap on inventory for the rest of the year, especially compared to last year. Let’s look at the details of the U.S.

Inventory 468

Inventory Marketing Sellers New Listings 468

Housing Wire

APRIL 1, 2024

Total available inventory is gradually climbing about 1% per week — last year it was still declining in April. As we roll into the second quarter, we should have accelerating inventory growth each week. Pending sales Last week saw 69,000 new contracts for single-family home purchases across the country. That’ll feel like a lot!

Inventory 488

Inventory New Listings Contracts Sellers 488

Housing Wire

JUNE 18, 2024

By now everyone knows that unsold inventory of homes on the market is climbing. But is that unsold inventory surging? Inventory is up this week There are now 621,000 single-family homes unsold on the market around the U.S. In the last few weeks, Inventory is no longer growing compared to last year. Now there are 37.6%

Inventory 448

Inventory Contracts Housing Market New Listings 448

Housing Wire

NOVEMBER 17, 2022

For the builders, they have a new problem: they had homes under contract and then mortgage rates jumped in the biggest fashion ever recorded in history. If the builders could, they would take some of the past contracts back, but they’re just stuck with these homes. I personally wouldn’t do it.

Contracts 545

Contracts Construction Supply Chain Marketing 545

Housing Wire

MARCH 3, 2025

Lets look at this weeks data, starting with the active inventory of homes for sale right now. Inventory Total available inventory dipped this week to 639,000 single-family homes on the market. During the second quarter last year, inventory rose quickly because mortgage rates rose quickly and peaked in May.

New Listings 374

New Listings Inventory Contracts Sellers 374

Housing Wire

APRIL 8, 2024

With the Easter holiday last week, data for housing inventory , new listings and the pace of new contracts started all took a breather from their growth pace. Here’s how 2024 is shaping up: There are now more listings, more active inventory and more sales than a year ago. Inventory will climb again with this week’s data.

Inventory 493

Inventory Contracts New Listings Sellers 493

Housing Wire

OCTOBER 16, 2023

Available inventory of unsold homes rose by 1.8% Inventory is climbing more quickly now than last year. Will we see inventory growth YoY by November? Note the inventory climb is not from sellers. There are only 326,000 single-family homes in the contract pending stage. fewer than last year. Some 38.2%

Inventory 482

Inventory Contracts Sellers New Listings 482

Housing Wire

JUNE 24, 2024

Inventory grew by almost 14,000 homes this week. Available inventory of unsold homes continues to grow but that growth in seems a bit less intense than it could be. He expects the second half of the year to see even more inventory growth. Inventory increases by 2.2% Sellers can just wait it out, and it looks like the U.S.

Inventory 458

Inventory Sellers New Listings Contracts 458