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

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. This probably reflects seller discouragement in a low-demand market, pulling their listings to wait until next year.

Inventory 467

Inventory Marketing Sellers New Listings 467

Housing Wire

MAY 8, 2024

Housing credit channels directly impact housing inventory channels. Home prices escalated out of control after 2020 and when we look at why that happened, we can see that housing credit mattered more to inventory data than most people realize. This matters because inventory was already heading toward all-time lows before COVID-19.

Inventory 518

Inventory New Listings Law Sellers 518

Housing Wire

SEPTEMBER 9, 2024

While inventory of unsold homes in the housing market in each of the last two years headed higher during September and October due to mortgage rate spikes, we’re seeing a more normal seasonal pattern now with inventory beginning to decline. We’re also seeing more home sellers withdrawing their listings to try again next year.

Sellers 482

Sellers Inventory Contracts New Listings 482

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 391

Inventory New Listings Sellers Contracts 391

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

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 369

Marketing Inventory Construction Realtors 369

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. There’s no sign of any big surge in sellers.

Inventory 426

Inventory New Listings Sellers Buyers 426

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%

Inventory 485

Inventory Sellers New Listings Buyers 485

Appraisal Buzz

JANUARY 22, 2025

The Detroit-based fintech has bundled these services at Rocket.com , a single portal where consumers can search, purchase and manage their home financing with an intuitive, AI-driven experience. The post Rocket Unifies its Real Estate Search and Home Financing Platforms appeared first on MortgageOrb.

Real Estate 195

Real Estate Finance Real Estate Agent Design 195

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. And because mortgage rates have been above 7% for about two months consecutively, the cost of financing is extreme. the month prior.

Sellers 516

Sellers Buyers Inventory Real Estate Agent 516

Housing Wire

NOVEMBER 20, 2023

Last week, I asserted that housing inventory growth had finished for the year. This week, the available inventory of unsold single-family homes crept up minimally. It looks like this is evidence that housing markets are returning to normal rather than a case of sellers panicking, but it’s worth keeping an eye on.

Inventory 476

Inventory New Listings Housing Market Sellers 476

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

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.

Inventory 511

Inventory Buyers Construction Sellers 511

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 4, 2024

Finding an agent Like 43% of homebuyers , I began my search online, as I worked to get a sense for what the inventory in my preferred areas and in my price range looked like. I wanted to make sure I was comfortable with what the inventory in my price range might look like before I began taking up an agent’s valuable time.

Agents 435

Agents Inspection Real Estate Sellers 435

Appraisal Buzz

JULY 6, 2021

The Urban Institute (UI) says it appears that the current sellers’ market is having a negative impact on government backed loans and the borrowers who need to use them. The post Sellers Are Rejecting FHA/VA Backed Offers; Buyers Passing Instead of Compromising appeared first on Appraisal Buzz.

Sellers 370

Sellers Buyers Government Inventory 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

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. The inventory put a cap on how much business Marquis’ team can do, which is one of the reasons why Marquis is now licensed in 22 states. In our market here in Boston, we have incredibly low inventory.

Inventory 416

Inventory Marketing Business Buyers 416

Housing Wire

AUGUST 20, 2023

Last week, mortgage rates hit a 21st-century high, the 10-year yield closed slightly higher than my peak forecast for 2023 , and housing inventory growth was still slow. Weekly housing inventory Mortgage rates have been near or above 7% for the last few months, and active listings growth has been slow during this tenure.

Inventory 370

Inventory Mortgage New Listings Sellers 370

Housing Wire

NOVEMBER 4, 2024

Newly released data from the annual profile of home buyers and sellers by the National Association of Realtors (NAR) shows just how dramatically this trend has manifested since the financial crisis of 2008. Elevated mortgage rates, sky-high home prices, tight credit and stagnant wages have all contributed to homebuyers getting older.

Real Estate Agent 345

Real Estate Agent Buyers Sellers Realtors 345

Housing Wire

MARCH 7, 2024

Home sellers looking to maximize their sale price may want to avoid the start of the busy spring buying season and list their properties closer to the midpoint of the year, according to a Zillow analysis released Thursday. Now, with persistently low inventory, mortgage rate fluctuations make their own seasonality.

Sellers 448

Sellers Buyers Real Estate Inventory 448

Housing Wire

JUNE 5, 2023

Tightening credit availability, elevated rates, inventory shortages and strengthening home prices are adding to affordability challenges, the report notes. One key contributor to the affordability challenges is dwindling inventory nationwide. Since the start of 2023, inventory has deteriorated in 95% of major markets, the report notes.

Inventory 418

Inventory Buyers Housing Market Mortgage 418

Housing Wire

MARCH 14, 2025

There is currently an inventory of 642,359 properties. The market action index is 37, indicating that there is a slight seller’s advantage. 80% of buyers financed their home purchase, and 23% of people financed 80% to 89% of the home. 89% of sellers used an agent to sell their home.

Real Estate 313

Real Estate Marketing Real Estate Agent Sellers 313

Housing Wire

OCTOBER 15, 2024

Inventory declined Overall inventory of unsold single family homes on the market declined this week to 732,000 homes. Last year, inventory was rising by almost 2% per week in the middle of October as homebuyer demand deteriorated. The inventory trends are very different compared to a year ago. Here’s this week’s data.

Inventory 505

Inventory New Listings Sellers Marketing 505

Housing Wire

MARCH 22, 2021

And waiving the financing contingency is the second-most effective bidding-war strategy, Redfin officials said – improving homebuyers’ odds of winning by 66%. The result: a bottleneck with scores of would-be buyers in a low-inventory market. The post How much cash matters in a bidding war appeared first on HousingWire.

Inspection 545

Inspection Inventory Buyers Sellers 545

Housing Wire

SEPTEMBER 13, 2022

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. Typically we have a natural set of new listings each year; inventory rises in the spring and summer and then falls in the fall and winter.

Mortgage 525

Mortgage Inventory New Listings Sellers 525

Housing Wire

MAY 15, 2024

That’s a swing of 17% fewer sellers in just a matter of days. What’s not measured in the FHFA paper is how by 2023, seller volume had already been declining for nearly a decade. By Q1 2022, 80% of mortgage holders were locked in with their incredibly cheap financing. The lower rates go, the fewer home sellers we have.

Mortgage 459

Mortgage New Listings Inventory Sellers 459

Housing Wire

MARCH 6, 2023

With the industry cooling down slower than expected, LOs are having to work harder and get creative to overcome the double whammy of surging rates and a lack of inventory. This means LOs need to find ways to ease the financing pain for borrowers on a case-by-case basis. Every single client scenario is different,” Marckwardt said.

Loan Officers 397

Loan Officers Inventory Real Estate Agent Buyers 397

Housing Wire

AUGUST 14, 2024

This gave sellers the upper hand, but the market has turned in recent months. This has taken power away from sellers, who now face a shortage of potential buyers. Inventory in the city has also risen sharply, giving buyers more options and more leverage in negotiations. People still need to upsize or downsize.”

Buyers 468

Buyers Housing Market Marketing Sellers 468

Housing Wire

MAY 22, 2024

So, it was necessary to highlight that for this report because our fresh current inventory data paints a different picture. Looking ahead, price growth will cool down in the second half of 2024 because of increased inventory and more homes taking a price cut before selling. from the previous year ($385,800). All four U.S.

Inventory 513

Inventory New Listings Housing Market Contracts 513

Housing Wire

FEBRUARY 4, 2021

There’s no doubt we’re in a seller’s housing market. With inventory at record lows, demand surging and prices on the rise, buying — even just finding — a home in today’s market is quite the challenge. Not only can it give you a good price range to work with, but it can also make sellers more likely to choose your offer.

Housing Market 546

Housing Market Marketing Real Estate Agent Sellers 546

Housing Wire

AUGUST 24, 2024

Weekly housing inventory data As mortgage rates have dropped recently, inventory growth has slowed below my weekly target level of 11,000-17,000. My premise is that higher rates can create more inventory growth because they limit mortgage demand, so the slowdown in the inventory growth rate looks normal to me.

Inventory 498

Inventory New Listings Sellers Mortgage 498

Housing Wire

OCTOBER 4, 2024

Mortgage professionals : Lenders primarily consisted of loan originators and mortgage brokers, providing a perspective on financing. Real estate agents : Real estate agents provided insights based on their direct interactions with buyers and sellers. Lenders Loans falling through : 11% cited this as a primary issue.

Real Estate 459

Real Estate Housing Market Real Estate Agent Marketing 459

Housing Wire

MAY 13, 2024

Inventory continues to build at the national level, something that’s happening most rapidly in the South. If you need to communicate about the real estate market with buyers and sellers, you should join us. It’s the peak season for buyers and sellers. In May of that year, inventory was climbing by 3% to 4% each week.

New Listings 499

New Listings Contracts Inventory Sellers 499

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. In an interview today with Yahoo Finance , I discussed how home prices are still rising this year. All four U.S.

Inventory 505

Inventory Housing Market New Listings Buyers 505

Housing Wire

OCTOBER 31, 2023

At least, that’s what the data seems to suggest as inventory grows and new listings decline at a less aggressive rate than last year. Inventory creeps up There are now 562,000 single-family homes on the housing market. Inventory creeps up There are now 562,000 single-family homes on the housing market. Don’t have time?

New Listings 511

New Listings Inventory Contracts Housing Market 511