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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. I wholeheartedly believed that new listings would hit at least 80,000 during the season’s peak weeks this was the norm before the pandemic shook things up.

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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. Over the last five years, weekly ranges of new listings fell between approximately 30,000 and 90,000. Weekly inventory change (Dec. I still consider this a positive outcome.

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Cincinnati’s housing market in a word? Unpredictable

Housing Wire

A substantial drop in new listings is a contributing factor. 1, weekly new listings were at 410 but have since dropped to 186, although new listings tend to drop in December as the holidays approach.

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Will 2025 finally be a “normal” housing market?

Housing Wire

New listings on trend Nationally, there were just 31,000 new listings for single-family homes from the last week which included Thanksgiving weekend. Hard to say, but like the slight growth in new listings, seeing a slight growth in home sales is an optimistic view of the housing market.

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Have we found the bottom in existing home sales?

Housing Wire

We have had two historic events that created a waterfall dive in demand recently; we now have precise data showing new listing data declining with those events, which shows how important that data line is to housing demand. Hopefully, a more stable mortgage rate market means new listing data can grow in 2023.

Inventory 531
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Lock-In Effect Fueling Americans’ Hesitancy to Let Go of Their Homes  

Appraisal Buzz

Despite a small spike in recent months, new listings of homes for sale are still below pre-pandemic levels in parts of the country because the majority of homeowners say they will never sell. Some 31% fewer homes were sold this year than in the previous pre-pandemic year in 2019 (36 of every 1,000) An estimated 37.5%

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2024 inventory growth challenges mortgage rate lockdown

Housing Wire

I have been slightly disappointed in the new listing data only because I was sure we would get a print above 80,000 this year and was hoping for a range of 95,000-110,000 in the peak seasonal period. Remember, for next week, new listings data will take a Memorial Day hit lower as it does each year, and then it rebounds.

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