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. These two trends are keeping a cap on inventory for the rest of the year, especially compared to last year. Let’s look at the details of the U.S.

Inventory 467

Inventory Marketing Sellers New Listings 467

Housing Wire

DECEMBER 16, 2024

As the year draws to a close, available unsold inventory of homes on the market is nearly 27% greater than a year ago. Ten states have more inventory unsold than in 2019, which was the last sort of normal year before the pandemic. Inventory is still very tight in places like Chicago and New England, but it is rising in these markets.

Inventory 365

Inventory Housing Market Marketing Sellers 365

Housing Wire

OCTOBER 26, 2024

Since mid-2022 when mortgage rates headed higher , two facts have been apparent: new listings data has been trending at the lowest levels ever recorded in history and inventory has been able to grow from record low levels thanks to mortgage rates staying elevated. As you can see, we have made progress in inventory growth year after year.

Inventory 523

Inventory Sellers New Listings Mortgage 523

Housing Wire

JULY 8, 2024

There have been a few markets; however, that have defied the national trends where inventory has stayed tighter and demand keeps rolling in. Available inventory of unsold homes in the U.S. Inventory rose just over 1% this week Available inventory of unsold single-family homes rose by just over 1% this week to 653,000.

Inventory 482

Inventory Contracts Sellers New Listings 482

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 457

Inventory Construction Realtors Marketing 457

Housing Wire

OCTOBER 23, 2024

And while the slower sales pace may not be great news for real estate professionals, it has resulted in an uptick in inventory , which is good news for homebuyers. For-sale inventory at the end of September was 1.39 month supply of unsold inventory, up from 4.2 million, up 1.5% from August and up 23% from one year ago.

Inventory 453

Inventory Realtors Buyers Real Estate 453

Housing Wire

AUGUST 29, 2024

Unsold inventory of homes on the market has been climbing in the U.S. In general, inventory rises with rates because more expensive money slows demand. When demand slows, inventory grows. Inventory is climbing but it’s still pretty restricted. And importantly, inventory isn’t growing everywhere equally.

Inventory 482

Inventory Real Estate Housing Market Construction 482

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

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 412

Inventory New Listings Sellers Buyers 412

Housing Wire

JULY 23, 2024

Sinking sales, rapidly rising inventory and prices at all-time highs — this is the state of the market for existing homes. These two factors have caused unsold inventory to rise considerably, pushing months of supply to 4.1, Sales of existing homes in June fell 5.4% That’s the highest rate of decline so far this year.

Inventory 507

Inventory Buyers Sellers Inspection 507

Housing Wire

DECEMBER 19, 2024

Altos Research data of inventory by state reflects this trend. High mortgage rates have prompted homeowners with rates in the 3% to 4% range to stay put, stifling inventory and home sales across the nation. Comparing current levels of housing inventory to those of 2019 reveals that listings are down in almost every state.

Inventory 359

Inventory Valuation Housing Market Marketing 359

Housing Wire

JULY 19, 2024

They say everything is bigger in Texas — and apparently that includes housing inventory growth. Houston inventory was up 42.5% While available homes for sale are growing all over the country , it’s happening at a dramatic scale in Texas. compared to the same period last year. . and months of supply grew to 4.2.

Inventory 476

Inventory Realtors Housing Market Buyers 476

Housing Wire

OCTOBER 8, 2024

As the housing market fluctuates, inventory levels are a critical factor for builders, developers and buyers. While low inventory might seem like a challenge, especially for buyers, it presents a unique opportunity for builders. In markets with low inventory and strong demand, the situation is different.

Inventory 429

Inventory Supply Chain Buyers Development 429

Housing Wire

JULY 19, 2024

Inventory has also grown in recent years, with single-family housing supply at 650,000 units last week, according to Altos Research data. Despite the inventory growth, Mohtashami said that affordable housing is still somewhat of a “myth“ in America.

Inventory 467

Inventory Construction Mortgage Development 467

Housing Wire

AUGUST 2, 2024

properties sold at foreclosure auction, showed that this trend is being fueled by rising levels of inventory on the retail market. Data from Altos Research found that the inventory of single-family homes for sale was up 40% year over year at the end of July.

Inventory 474

Inventory Retail Buyers Renovations 474

Housing Wire

SEPTEMBER 5, 2024

It was the 10th straight month of annualized growth and for-sale inventory is now at its highest level since May 2020. Notably, even as more sellers are entering the market compared to a year ago, for-sale inventory remains markedly below pre-pandemic levels. The median monthly mortgage payment during the four-week period ending Sept.

Inventory 468

Inventory Buyers Sellers Mortgage 468

Housing Wire

DECEMBER 7, 2024

The second is in reference to housing inventory. Meanwhile, some analysts believe that hoping for a flood of senior-driven inventory to address the nations housing shortage is more akin to a pipe dream. The first is related to the demographic trends playing out across the U.S., housing shortage.

Inventory 366

Inventory Design Marketing Construction 366

Housing Wire

NOVEMBER 23, 2024

Weekly housing inventory data Last week saw another slight decline in active listing and soon, the holidays will kick in. The seasonal decline is well underway, and it looks like the 739,434 level will be the peak of inventory for 2024. Weekly inventory change (Nov. Weekly inventory change (Nov.

Mortgage 514

Mortgage Inventory New Listings Contracts 514

Housing Wire

NOVEMBER 30, 2024

Weekly housing inventory data Housing inventory fell last week, which is typical at this time of year. We should expect a decline in inventory until the spring season starts heating up again. The year-over-year inventory growth is the best housing story for 2024. Weekly inventory change (Nov.

Mortgage 518

Mortgage Inventory New Listings Contracts 518

Housing Wire

NOVEMBER 29, 2024

has focused on single-family and multifamily inventory growth to boost supply and affordability. But StorageCafe found that in 2023, most states overlooked one key solution to the affordability crisis: more inventory of “middle housing.” The report draws considerable attention to middle housing inventory growth.

Inventory 394

Inventory Construction Law Development 394

Housing Wire

DECEMBER 7, 2024

Weekly housing inventory data Housing inventory fell last week, which is typical at this time of year. The peak in 2024 inventory will be 739,434, which isnt a normal level for inventory, but it’s good enough for me to feel much better about the housing market. Weekly inventory change (Nov.

New Listings 505

New Listings Inventory Contracts Housing Market 505

Housing Wire

JUNE 3, 2024

Inventory continues to build There are now 605,000 single-family homes on the market. Inventory continues to build each week as mortgage rates stay over 7%. Inventory rose by 1.7% A couple of key facts about the inventory increase: Inventory is climbing everywhere, every state has more homes for sale now than a year ago.

Inventory 516

Inventory Contracts New Listings Sellers 516

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 474

Inventory New Listings Sellers Contracts 474

Housing Wire

OCTOBER 21, 2024

Despite the Florida hurricanes, and in the face of recently rising mortgage rates , unsold inventory of homes on the market climbed this week by about 1%. We’ve been expecting inventory to climb, and to tick up again next week before seasonal inventory declines start in November. Last year, inventory rose by 1.5%

Sellers 467

Sellers Inventory New Listings Contracts 467

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. Inventory is not climbing, it’s basically flat.

Sellers 482

Sellers Inventory Contracts New Listings 482

Housing Wire

JULY 27, 2024

One of my critical forecasts for 2024 was the growth of new listings data and active inventory, even with higher mortgage rates. While we are not back to normal inventory levels in America, especially considering our population today, we are working our way up the ladder. have higher inventory than the national data.

New Listings 518

New Listings Inventory Mortgage Sellers 518

Housing Wire

APRIL 22, 2024

We’re watching inventory , which continues to grow by 3% each week. Housing inventory When we look at the active inventory of unsold homes on the market, we can definitely see the impact of higher mortgage rates in the past month. Normally, inventory is climbing at this point in the second quarter.

Inventory 530

Inventory New Listings Sellers Contracts 530

Housing Wire

SEPTEMBER 15, 2024

Weekly housing inventory data Higher rates lead to more inventory. My model has been simple for the last two years; as long as mortgage rates stay above 7.25%, inventory should grow in a normal range of 11,000-17,000 per week. Weekly inventory change (Sept. This data line has slowed its price as rates have fallen.

Mortgage 521

Mortgage Inventory New Listings Retail 521

Housing Wire

JUNE 15, 2024

Weekly housing inventory data As we head into the summer, I still can’t express enough gratitude for the growth in inventory this year. If mortgage rates keep falling and demand picks up, we will have a much better buffer with active inventory than in 2022 and 2023.

Mortgage 508

Mortgage Inventory Marketing New Listings 508

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

JULY 23, 2024

I have often discussed four months of supply and active inventory between 1.52 In the previous decade, active inventory ranged between 1.52 From NAR: Total housing inventory registered at the end of June was 1.32 Unsold inventory sits at a 4.1-month million and 2.4 million units, up 3.1% from May and 23.4%

Marketing 493

Marketing Inventory Housing Market Buyers 493

Housing Wire

SEPTEMBER 28, 2024

Weekly housing inventory data Two weeks ago was the best week of inventory growth for me in 2024, as we hit my model range without higher mortgage rates; I gave it the chef’s kiss. We couldn’t pull that off this week as inventory growth slowed to 5,768. Weekly inventory change (Sept. nominal home price gains in 2024.

Mortgage 524

Mortgage Inventory New Listings Contracts 524

Housing Wire

SEPTEMBER 22, 2024

Weekly housing inventory data The best story for me about housing this year has been the inventory growth. With the inventory growth we’re seeing and demand firming up, this is the best we could have hoped for in 2024. Weekly inventory change (Sept. Weekly inventory change (Sept.

Mortgage 524

Mortgage Inventory New Listings Contracts 524

Housing Wire

SEPTEMBER 7, 2024

Weekly housing inventory data As mortgage rates have decreased, inventory growth has slowed, and seasonality will kick in soon. Last week, we had the Labor Day holiday, so take the decline in inventory within that context. Weekly inventory change (Aug. Weekly inventory change (Aug.

Mortgage 533

Mortgage Inventory New Listings Marketing 533

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

OCTOBER 5, 2024

2024: 354,816 2023: 326,593 2022: 358,740 Weekly housing inventory data Three weeks ago was the best week of inventory growth in 2024, as we hit my model range without higher mortgage rates: I gave it the chef’s kiss. We couldn’t pull that off two weeks ago and last week, inventory growth slowed to 3,273.

Mortgage 511

Mortgage Inventory New Listings Retail 511

Housing Wire

JUNE 8, 2024

Weekly housing inventory data I can’t stress enough that the best story for 2024 has been that active inventory and new listing data is growing. We desperately needed to get off these record lows in inventory and create a buffer for breathing room when rates fall. This week, we only hit 6,674.

Mortgage 508

Mortgage Inventory New Listings Contracts 508