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Lower mortgage rates spark housing demand heading into spring

Housing Wire

This unexpected turn of events breathed new life into the market, pushing purchase application data into positive territory for the year. Weekly housing inventory data Spring is finally here, and you know what that means it’s time for the usual inventory boost that happens every year!

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Housing market data positive despite Powell’s Grinch act

Housing Wire

If mortgage spreads had not improved in 2024, our discussions about housing would be quite different today especially considering the events of last week. Weekly housing inventory data As we enter the year’s final weeks, we usually see a drop in housing inventory. Weekly inventory change (Dec.

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2024 inventory growth challenges mortgage rate lockdown

Housing Wire

The mortgage rate lockdown premise holds that very few people will list their homes when mortgage rates are this high, thus suppressing inventory. 2024 has had healthy inventory growth despite mortgage rates above 7%. Each time, inventory has squared right into the model as long as rates stay elevated.

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Spring housing market gets more inventory

Housing Wire

Active weekly housing inventory growth slowed slightly last week, but it’s still running at a healthier clip than in 2023. I have a simple model with mortgage rates being above 7.25%: weekly inventory data should grow between 11,000-17,000 per week. We have now seen it for two weeks as inventory grew by 13,247. 2022: 19.2%

Inventory 514
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Lower mortgage rates are slowing down inventory growth

Housing Wire

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
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Will 2025 finally be a “normal” housing market?

Housing Wire

As we look into 2025, the question everyone is asking is: Do we have a new era starting? What can the data today tell us about signals for growth or weakness after the new year? We know inventory has been climbing all year. Inventory is growing Lets start with supply. Inventory shrank every year for most of the decade.

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Housing inventory falls as mortgage rates drop

Housing Wire

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. Weekly inventory change (Aug.

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