Housing Wire

JULY 8, 2024

Nationally, the housing market indicators have been slow for several months now. 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 is rising everywhere in the country.

Inventory 482

Inventory Contracts Sellers New Listings 482

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 518

Inventory Mortgage New Listings Contracts 518

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 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

DECEMBER 19, 2024

The COVID-19 pandemic turned previously sleepy cities into boomtowns.Expanded or permanent work-from-home policies gave people more flexibility in where to live, and those in uber-expensive markets like San Francisco and Manhattan took advantage by moving to areas where they could get more space for less money.

Inventory 373

Inventory Valuation Housing Market Marketing 373

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

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. According to Altos Research , there are 40% more homes on the market at the end of August 2024 than there were last year at this time.

Inventory 482

Inventory Real Estate Housing Market Construction 482

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 511

Inventory New Listings Retail Mortgage 511

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. Let’s look at the details of the U.S.

Inventory 426

Inventory New Listings Sellers Buyers 426

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, Homes are sitting on the market a bit longer, and sellers are receiving fewer offers.

Inventory 508

Inventory Buyers Sellers Inspection 508

Housing Wire

JUNE 21, 2024

Both existing housing inventory and home prices have been rising together year over year, which might seem odd at first glance since existing home sales are trending near all-time lows. Let’s keep it simple: total active listings are still below 2019 levels nationally, and the days on market are under 30 days today.

Inventory 482

Inventory Housing Market New Listings Contracts 482

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 461

Inventory Realtors Buyers Real Estate 461

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 491

Inventory Sellers New Listings Buyers 491

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 433

Inventory Supply Chain Buyers Development 433

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% But the housing market in Austin has been cooling since the flurry of activity in 2021 and 2022, whereas the other major metros in Texas have been more stable. compared to the same period last year.

Inventory 476

Inventory Realtors Housing Market Buyers 476

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. from May to June. On an annualized basis, five major U.S.

Inventory 476

Inventory Retail Buyers Renovations 476

Housing Wire

JULY 19, 2024

But Mohtashami notes that it’s too early for lower interest rates to impact the market. Meanwhile, construction labor is another issue facing the market. Inventory has also grown in recent years, with single-family housing supply at 650,000 units last week, according to Altos Research data.

Inventory 468

Inventory Construction Mortgage Development 468

Housing Wire

DECEMBER 9, 2024

Weve now been in the post-pandemic housing market recession market as long as we were in the pandemic boom. Does the housing market start to get back to normal? We know inventory has been climbing all year. We know inventory has been climbing all year. But, the market change isnt evenly distributed.

Housing Market 418

Housing Market Marketing Inventory Sellers 418

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. The average listing last month had spent 53 days on the market, the slowest August in five years, according to Realtor.com. As the market slows seasonally, fall is one of the best times to buy a house.

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. But these are already relatively more affordable markets with fewer home buying age workers to begin with. housing shortage.

Inventory 369

Inventory Design Marketing Construction 369

Housing Wire

JULY 23, 2024

Today’s existing home sales report shows that the existing home market is now almost balanced. We are very close to getting this balance nationally and in some markets we’re already there. I have often discussed four months of supply and active inventory between 1.52 Unsold inventory sits at a 4.1-month

Marketing 493

Marketing Inventory Housing Market Buyers 493

Housing Wire

NOVEMBER 18, 2024

What will the housing market look like in 2025? 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. For a more comprehensive look, read our 2025 Housing Market Forecast covering home prices, home sales volumes and more.

Housing Market 448

Housing Market New Listings Marketing Inventory 448

Appraisal Buzz

NOVEMBER 22, 2024

Demand for “have-it-all” properties and the “forever dream home” will shape this spring’s luxury housing market, according to the Coldwell Banker Global Luxury 2024 Mid-Year Trend Report , which forecasts growing optimism among affluent consumers and an influx of desirable inventory. of responding specialists agreed.

Buyers 417

Buyers Luxury Properties Marketing Inventory 417

Appraisal Buzz

DECEMBER 10, 2024

Realtor.com has revealed its Top Housing Markets for 2025 , highlighting the areas ready for growth in the year ahead. This years list highlights markets characterized by moderately affordable homes, strong inventorymainly boosted by new constructionand a sizable base of younger families, many with military and international connections.

Housing Market 415

Housing Market Marketing Inventory Government 415

Housing Wire

JULY 29, 2024

Any sales growth momentum in the real estate market we might have had early in the year is gone. I wonder whether the 2024 housing market is beyond saving? housing market at the end of July 2024. Inventory continues to climb each week, which is normal for late July. They’re doing pre-marketing. That’s up 1.3%

Housing Market 453

Housing Market Marketing Inventory New Listings 453

Housing Wire

JUNE 15, 2024

I got one good crumb from the Fed meeting that made me smile: Powell finally admitted that the labor market isn’t tight anymore, which is a beneficial statement for rates down the line if the labor data gets weaker. Let’s delve into the details and find out. I discuss this in this episode of the HousingWire Daily podcast.

Mortgage 508

Mortgage Inventory Marketing New Listings 508

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. This is precisely what the doctor ordered for the housing market. Let’s take a half-time look at the inventory levels in America today. have higher inventory data than the national data.

Housing Market 476

Housing Market Mortgage Inventory Marketing 476

Housing Wire

SEPTEMBER 12, 2024

That’s according to a Zillow report released Thursday in which the Seattle -based real estate company said that “lower mortgage rates and rising inventory are giving home buyers a window of opportunity at an unusual time of year.“ Beyond that, more inventory is becoming available — enough to improve buyer negotiating power.

Housing Market 482

Housing Market Marketing Inventory Buyers 482

Housing Wire

JULY 15, 2024

If we look at the housing market right now, sales are down, new listings are down and prices are decelerating. Good inflation data came in last week, the bond market rallied and mortgage rates took a notable dip below 7% for the first time in months. If so, how should we expect the housing market to react? Inventory is 38.5%

Housing Market 497

Housing Market New Listings Marketing Mortgage 497

Housing Wire

OCTOBER 18, 2024

.” A combination of soaring insurance rates and new regulations on condo association reserves and building maintenance work has created a surge in condo inventory in Florida. In particular it’s created a glut of 30-plus-year-old units on the market, with few takers.

Marketing 524

Marketing Mortgage Finance Lending 524

Housing Wire

DECEMBER 10, 2024

The housing market got some much needed relief in the fall when mortgage rates began to drop, but it was short lived. The turbulence in rates has trickled down to individual markets like Cincinnati, where real estate agents say they dont know what to expect from sale to sale. A substantial drop in new listings is a contributing factor.

Housing Market 370

Housing Market Marketing New Listings Sellers 370

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. This marked the lowest market share for new homes in three years. market share, while first-quarter 2022 saw a record high of 34.4%. year over year in September.

Marketing 370

Marketing Inventory Construction Realtors 370

Housing Wire

OCTOBER 7, 2024

Ironically, a strong employment situation in the country drives the bond market to higher rates. The purchase market is slower to respond, and the data now is still showing the positive impact of lower rates of recent weeks. The median price of all the homes on the market is now $440,000, that’s unchanged from last year.

Housing Market 476

Housing Market Marketing Mortgage Contracts 476

Housing Wire

AUGUST 14, 2024

Denver-based Realtor Bret Weinstein took on a client whose house had been on the market for 60 days. The deal is indicative of how details matter in a market like Denver where home-price growth has slowed dramatically after a surge in post-pandemic migration to the metro area caused valuations to rise sharply in a short period of time.

Buyers 468

Buyers Housing Market Marketing Sellers 468

Housing Wire

SEPTEMBER 24, 2024

People seeking more space to accommodate working from home led to a minor outflow of residents that put the housing market on pause. The regional housing market was slower to recover from the financial crisis of the late 2000s than other parts of the country, and it had been reeling from a general decline of the region for years before that.

Housing Market 458

Housing Market Marketing Property Taxes Inventory 458

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

SEPTEMBER 17, 2024

Like the vast majority of the country, the city’s housing market has been stymied by high mortgage rates, low inventory and mismatched expectations between buyers and sellers. Buyers think it’s a buyer’s market. Sellers think it’s a seller’s market. 25 statewide in 2023 transaction volume.

Housing Market 472

Housing Market Marketing Sellers Buyers 472