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Housing inventory falls as mortgage rates drop

Housing Wire

Have we seen the peak in housing inventory for 2024? The best part about 2024 has been that higher mortgage rates have created an inventory buffer, so if the economy gets softer and rates fall, we have many more homes to work with than we had in 2020-2023. Weekly inventory change (Aug.

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Spring housing market gets more inventory

Housing Wire

Active weekly housing inventory growth slowed slightly last week, but it’s still running at a healthier clip than in 2023. I have a simple model with mortgage rates being above 7.25%: weekly inventory data should grow between 11,000-17,000 per week. We have now seen it for two weeks as inventory grew by 13,247.

Inventory 514
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Inventory is declining in key markets

Housing Wire

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. First, mortgage rates are falling, whereas last year they were rising. real estate market as of mid-August 2024. That’s a notch of 2.5%

Inventory 468
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Lower mortgage rates are slowing down inventory growth

Housing Wire

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
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2024 inventory growth challenges mortgage rate lockdown

Housing Wire

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 521
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Housing inventory fell last week. Have sellers called it quits?

Housing Wire

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. Weekly inventory change (Oct.

Inventory 523
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Real Estate Market Outlook: Rising Inventory and Stable Prices

Appraisal Buzz

As we near the fourth quarter of 2024, the traditional peak of the home-buying season has passed, and the real estate market is entering a period of transition. As of July, there were approximately 646,000 unsold single-family homes on the market in the U.S.,

Inventory 397