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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. But, we need to see more growth in new listings data just to grow from 2023 levels. 2023 new listings data was the lowest ever on record, so it’s already a low bar.

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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 longer we stay with mortgage rates higher, the more inventory will build closer to where it used to be. Higher mortgage rates means more inventory. That’s a 1.2%

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Residential real estate activity picks up despite low inventory

Housing Wire

All 12 Federal Reserve districts have seen issues with a lack of housing inventory , which is largely due to existing homeowners holding back on listing their homes after previously locking in low mortgage rates. New York – The residential sales market has been strong across the District.

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

Housing Wire

Available inventory of homes for sale is on the rise in late September, which is very unusual for this time of year. In fact, inventory is growing faster than this time a year ago. 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.

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Better mortgage spreads are capping rates in 2025

Housing Wire

Weekly pending contracts for the past week over the past several years: 2025: 288,605 2024: 297,402 2023: 283,689 Weekly housing inventory data The highlight of 2024 for me was the growth in housing inventory as we began to return to normal levels. Weekly inventory change (Jan. Weekly inventory change (Jan.

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The mortgage rate lock-in didn’t start in 2022

Housing Wire

After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. In July 2022, new listings volume per week dropped from 90,000 at the end of June to approximately 74,000 just after the July 4th holiday. We see the same pattern in the new listings rate each week.

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Is mortgage demand really picking up?

Housing Wire

Let’s dig into the data to understand these developments better. Weekly housing inventory data Inventory hit another one of my target levels this week, making it four times this year! My rule of thumb has been that inventory should have some weekly positive prints between 11,000 and 17,000 as long as rates are above 7.25%.

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