Housing Wire

AUGUST 17, 2024

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 512

Inventory Mortgage New Listings Contracts 512

Housing Wire

MAY 25, 2024

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.

Inventory 475

Inventory Mortgage New Listings Marketing 475

Housing Wire

DECEMBER 30, 2024

Rising housing inventory levels in 2024 may not be the positive sign of market health that they appear to be. High inventory levels contribute to another problem as active listings are remaining unsold for longer periods. Redfin refers to these listings as “stale inventory.” ” According to the report, 54.5%

Inventory 431

Inventory Sellers Housing Market Contracts 431

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 463

Inventory Valuation Housing Market Marketing 463

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 471

Inventory Contracts Sellers New Listings 471

Housing Wire

OCTOBER 13, 2024

Housing inventory, which saw an excellent pickup a few weeks ago, has been slowing down and last week we saw a slight decline. Has seasonality finally kicked in or did back-to-back hurricanes slow things enough to influence inventory data? Since then, inventory growth has been slowing down and even declined last week.

Inventory 463

Inventory New Listings Retail Mortgage 463

Housing Wire

JANUARY 9, 2025

In order to alleviate some of the pressure on buyers, agents like JD Gieson would love to see more inventory come on the market. We have quite the shortage of available inventory and there is a surplus of buyers right now, and they just dont have a lot of options. There is no inventory, McCormick said. As of Jan.

Housing Market 403

Housing Market Inventory Marketing Sellers 403

Housing Wire

JANUARY 20, 2024

Housing inventory, new listing data and mortgage rates are all rising, but the price cut data percentages are falling. Weekly housing inventory data Here is a look at the first week of the year: Weekly inventory change (Jan. 12-19) : Inventory rose from 505,223 to 506,414 Same week last year (Jan.

Inventory 538

Inventory Mortgage New Listings Sellers 538

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 410

Inventory Housing Market Marketing Sellers 410

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 499

Inventory Sellers New Listings Mortgage 499

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 480

Inventory Real Estate Housing Market Construction 480

Housing Wire

DECEMBER 30, 2024

“Despite higher mortgage rates in November and persistent affordability challengers, buyers took advantage of more inventory as pending home sales reached the highest level in nearly two years. Buyers appear to be done waiting for rates to fall, prompting them to enter the market to take advantage of higher inventory levels.

Inventory 389

Inventory Buyers Housing Market Mortgage 389

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 451

Inventory Marketing Buyers Housing Market 451

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 466

Inventory Buyers Sellers Inspection 466

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 452

Inventory Realtors Housing Market Buyers 452

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 372

Inventory Realtors Buyers Real Estate 372

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 436

Inventory Buyers Sellers Mortgage 436

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 332

Inventory Design Marketing Construction 332

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

JANUARY 8, 2025

Available inventory of homes for sale fell each year as more and more borrowers had this cheap financing. 2016 ended with 14% less available inventory than the year before. Not coincidentally, inventory hit record lows none of those homeowners wanted to sell.This has long-term consequences. had these cheap mortgages.

Mortgage 472

Mortgage Inventory Finance Sellers 472

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 492

Mortgage Inventory New Listings Contracts 492

Housing Wire

MARCH 23, 2024

Weekly housing inventory data The best housing story for 2024 so far is that inventory is growing yearly. The growth isn’t just in active inventory but also new listings. We’re not seeing seller stress in the inventory data but just a typical increase in inventory when rates are higher, which looks perfectly normal.

Mortgage 515

Mortgage Inventory New Listings Housing Market 515

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 506

Mortgage Inventory New Listings Contracts 506

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 492

Inventory Contracts New Listings Sellers 492

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 518

Mortgage Inventory New Listings Retail 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. Inventory is not climbing, it’s basically flat.

Sellers 468

Sellers Inventory Contracts New Listings 468

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 527

Mortgage Inventory New Listings Marketing 527

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 390

Inventory New Listings Contracts Sellers 390

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 499

New Listings Inventory Contracts Housing Market 499

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 509

Mortgage Inventory New Listings Contracts 509

Housing Wire

JANUARY 4, 2025

Weekly housing inventory data We are heading into 2025, and historically, housing inventory tends to bottom in March and April, at least following the COVID pandemic. In the last decade before that, we would see the lowest inventory in late January or February and then inventory would start rising.

New Listings 495

New Listings Inventory Contracts Mortgage 495

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 501

Mortgage Inventory New Listings Contracts 501

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 476

Mortgage Inventory Marketing New Listings 476

Housing Wire

NOVEMBER 18, 2024

We already see many signals for what to expect, including last week’s data on inventory , new listings and price reductions, which I analyze below. Housing inventory There are now 722,000 unsold single-family homes on the market around the U.S. Below is the 10-year view of inventory trends in the U.S.

Housing Market 444

Housing Market New Listings Marketing Inventory 444

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 481

New Listings Inventory Mortgage Sellers 481

Housing Wire

JULY 6, 2024

Now that we are halfway through the year, we can see that active inventory in America is growing, unlike what happened in 2023. We are currently up to 652,573 single-family homes, and while that isn’t close to average active inventory levels, it’s a much better place today than in 2022.

Housing Market 467

Housing Market Mortgage Inventory Marketing 467

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 494

Mortgage Inventory New Listings Contracts 494