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

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 468

Inventory Marketing Sellers New Listings 468

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. Inventory ticked down this week Inventory ticked down to 738,000 from 739,000 last week. Our model had expected inventory to climb just a bit this week. They have not.

Inventory 476

Inventory New Listings Sellers Contracts 476

Housing Wire

NOVEMBER 21, 2024

“The worst of the downturn in home sales could be over, with increasing inventory leading to more transactions,” NAR chief economist Lawrence Yun said in a statement. However, for most first-time homebuyers, mortgage financing is critically important. Agents and consumers also have reason to celebrate due to rising inventory levels.

Inventory 370

Inventory Home Improvement Realtors Real Estate 370

Housing Wire

NOVEMBER 21, 2024

The difference is mortgage rates: even with inventory growing at a healthy clip this year, mortgage rates just heading down toward 6% for a brief period of time resulted in higher prices in a seasonally soft period. I discussed this on Yahoo Finance this morning. However, that didn’t happen. million in October.

Mortgage 493

Mortgage Housing Market Inventory Contracts 493

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

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

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 441

Inventory New Listings Sellers Buyers 441

Housing Wire

JULY 24, 2024

The drop in sales is causing a rapid rise in unsold inventory. The surge in mortgage rates earlier this spring softened housing demand, leading to a slowdown in sales and an increase in both resale and new home inventory levels,” Zillow senior economist Orphe Divounguy said in a statement. That represents a decline of 7.4%

Inventory 459

Inventory Construction Realtors Marketing 459

Housing Wire

MAY 23, 2024

The market continues to grapple with insufficient inventory , Redfin reported. New listings have risen approximately 8% compared to last year, yet overall inventory remains below typical spring levels. Simultaneously, persistently high housing costs have driven pending home sales down by 4.2%

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Inventory Sellers New Listings Buyers 496

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. This week, 33.9%

Sellers 418

Sellers Inventory New Listings Contracts 418

Housing Wire

JULY 29, 2024

in June compared to a year ago, indicating that rising inventory still needs further saturation before making a meaningful dent in affordability. While inventory nationally and in most markets is higher than one year ago, it remains low from a historical perspective,” First American chief economist Mark Fleming said in a statement.

Inventory 488

Inventory Marketing Buyers Housing Market 488

Housing Wire

JANUARY 20, 2025

Sales are slow, so inventory of unsold homes is building. Condo inventory is growing faster than single family. Inventory is up There are now 632,000 single-family homes unsold on the market around the U.S. As I mentioned, inventory of unsold condos is growing faster than that of single-family houses.

Mortgage 397

Mortgage Inventory New Listings Contracts 397

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

NOVEMBER 4, 2024

As high mortgage rates reshape the housing market, existing homes are making up a larger percentage of for-sale inventory, and homebuyers are taking notice. The available inventory of existing homes rose by 22% year over year in Q3 2034. New construction inventory has grown in recent months. One year ago, new homes held a 30.5%

Marketing 370

Marketing Inventory Construction Realtors 370

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

MAY 1, 2024

That puts the national inventory up 31.9% Inventories shrank universally nationwide through the second quarter of 2021 and began to recover through the second quarter of 2023, but so far in 2024, Texas and Florida have dominated listings growth. year-over-year, extending a 24-week streak of year-over-year increases.

Inventory 488

Inventory Agents Marketing Mortgage 488

Housing Wire

JULY 1, 2024

The report noted that “housing inventory in exurbs grew by an average of 15% over the past 10 years, outpacing suburbs at 14% and principal cities at 10%. 1 market in the country for inventory growth was Vineyard, Utah. This demand has spurred significant increases in housing inventory to accommodate the growing population.“

Inventory 448

Inventory Housing Market Real Estate Marketing 448

Housing Wire

NOVEMBER 26, 2024

The Case-Shiller data for September showed some similarities to the quarterly home-price dataset released Tuesday by the Federal Housing Finance Agency (FHFA). Looking ahead, Sturtevant expects home-price growth to continue slowing as housing inventory continues to rise. home prices rose 0.7% compared to Q3 2023, the FHFA reported.

Inventory 370

Inventory Realtors Finance Marketing 370

Housing Wire

SEPTEMBER 26, 2023

Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said. However, mortgage applications for new home purchases increased 4% between July and August, the strongest pace of sales in three months.

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Inventory Buyers Construction Sellers 511

Housing Wire

JULY 19, 2024

“A national secondary market for construction financing could allow lenders, like state housing finance agencies and banks, to provide the investment capital needed to get multifamily housing projects built and keys in families’ hands.” There are many policy levers that must be pulled to get there,” the report reads. “A

Construction 488

Construction Finance Development Marketing 488

Housing Wire

JANUARY 3, 2024

Housing experts expect that a boost in apartment inventory in 2024 will dampen rent growth. As home and financing prices were too high for prospective buyers, many turned to single-family rentals instead, buoying demand. However, affordability woes will persist. Commercial property firm CBRE estimates that rent prices will only grow 1.2%

Inventory 482

Inventory Construction Property Management Real Estate 482

Housing Wire

OCTOBER 25, 2024

Agency loans have limitations such as loan amounts, only allowing up to ten financed properties and they don’t accept five to nine units. Ground-up construction growth will be high to meet the population growth and meet the demand due to limited inventory. Rehabs will be invaluable to reopen inventory.

Investors 448

Investors Construction Training Realtors 448

Housing Wire

NOVEMBER 4, 2024

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. The inventory peak came a month earlier than in 2023. Mortgage rates were super high and inventory was building.

Inventory 396

Inventory New Listings Sellers Contracts 396

Appraisal Buzz

OCTOBER 11, 2024

This hybrid summit brings together leaders from the federal government, private sector, and housing industry to discuss the critical role of independent mortgage banks in the housing finance ecosystem. Census Bureau Manufacturing and Trade Inventories (Thursday) U.S.

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Marketing Mortgage Finance Retail 370

Housing Wire

FEBRUARY 7, 2024

With mortgage rates briefly topping 8% and home prices breaking records throughout the year, many would-be sellers simply decided not to bother listing their homes, exacerbating already tight inventories. This squeezed inventory even further throughout 2022 and 2023, pushing home prices to record highs month after month.

Inventory 459

Inventory Sellers Mortgage Marketing 459

Housing Wire

NOVEMBER 16, 2023

On the construction side, homebuilders as well as land developers found it hard to finance projects because of high short-term interest rates. Given the lack of existing home inventory, somewhat lower mortgage rates will price-in housing demand and likely set the stage for improved builder views of market conditions in December.”

Inventory 488

Inventory Construction Housing Market Finance 488

Appraisal Buzz

DECEMBER 30, 2024

Only your personal situation and finances should do that! Housing inventory will likely still be low in 2025, and demand could increase. If youre prepared financially, then its a good time to buy a homeeven if inventory is limited and interest rates are high. Simply putlow inventory leads to higher home prices.

Housing Market 363

Housing Market Marketing Inventory Real Estate 363

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. . “Conventional and VA purchase applications drove this week’s increase in purchase activity on a weekly and annual basis,” Kan added.

Mortgage 395

Mortgage Contracts Government Inventory 395

Appraisal Buzz

OCTOBER 18, 2024

The housing market remains structurally underbuilt, and homeowners with locked-in low mortgage rates are keeping existing-home inventory limited. Despite pent-up demand in the housing market, elevated financing costs continue to challenge both buyers and builders,” Kushi noted.

Construction 418

Construction Housing Market Inventory Home Value 418

Housing Wire

NOVEMBER 4, 2024

But for first-time and other cash-strapped buyers—those who are not relying on the proceeds of a home sale, who may be using a 100% financed VA loan, whose agents may be layering forms of assistance to put together enough cash for closing—knowing in advance about the seller’s contribution to their agent costs may be essential.

Buyers 321

Buyers Sellers Agents Real Estate 321

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. The Federal Housing Finance Agency (FHFA) recently announced plans to raise 2025 conforming loan limits to $806,500 for one-unit properties 5.2%

Mortgage 397

Mortgage Contracts Government Inventory 397

Housing Wire

NOVEMBER 28, 2023

year over year in Q3, according to the Federal Housing Finance Agency (FHFA) House Price Index. house prices rallied again in the third quarter of 2023. In fact, home prices rose 2.1% quarter over quarter and 5.5% Month over month, the FHFA’s seasonally adjusted monthly index ticked up 0.6% in September.

Inventory 493

Inventory New Listings Finance Buyers 493

Housing Wire

OCTOBER 30, 2024

While near-term purchase application activity has weakened, we continue to expect housing demand from younger homebuyers to support purchase growth over the next few years as for-sale inventory loosens gradually.” The refinance share of mortgage activity decreased to 43.1% of total applications from 45.7% the previous week.

Mortgage 468

Mortgage Government Inventory Marketing 468

Housing Wire

OCTOBER 16, 2024

FHA purchase applications were little changed despite the increase in rates, as some first-time homebuyers remain in the market because of improving housing inventory conditions.” “Demand is holding up to an extent for prospective first-time buyers.

Mortgage 521

Mortgage Inventory Buyers Marketing 521

Housing Wire

OCTOBER 23, 2024

For-sale inventory has started to loosen, and home-price growth has eased in some markets, providing more options for buyers in combination with these lower rates.” Added Kan: “Purchase applications continued to run stronger than last year’s pace for the fifth consecutive week. Refinances comprised 45.7% of applications, down from 46.5%

Mortgage 476

Mortgage Inventory Buyers Marketing 476

Housing Wire

JANUARY 9, 2025

This finding likely stems from an increase in renovation costs over the past three years, forcing some buyers to pursue costly financing sources to improve their homes. Another 37.8% regarded move-in-ready status as somewhat important. Bright MLS added that “home shoppers may like to watch home renovations shows.

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Buyers Renovations Housing Market Home Improvement 418