Housing Wire

FEBRUARY 24, 2025

Mortgage rates are a big variable here. In 2024, we saw a notable increase in buyer demand when mortgage rates got close to 6%. However, mortgage rates were climbing to their highest level of the year at this time in 2024. Mortgage rates now are lower than they were a year ago. Unsold new listings amount to 4.8%

Inventory 477

Inventory New Listings Sellers Contracts 477

Housing Wire

JANUARY 20, 2025

But if buyers and sellers were compelled to transcribe their inaction, it would read like a sociopaths diary entry: We could have watched you grow up, but your grandpa and me werent willing to give up our 2.875% rate to move closer to you. Buyers and sellers are ready to step away from the spreadsheet and get on with living their lives.

Sellers 370

Sellers Buyers New Listings Finance 370

Housing Wire

OCTOBER 28, 2024

Given the unrelenting mortgage costs, generally weak homebuyer demand, and the year’s rising supply of unsold homes, I’ve been expecting home prices to recede a bit in the second half of this year. Florida had an uptick in inventory with a bit of a rebound in new listings now that the storms are over. They have not.

Inventory 474

Inventory New Listings Sellers Contracts 474

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. Mortgage rates continue to move higher and that’s impacting buyers. Last week there were 52,000 new listings for single-family homes unsold. of the homes on the market.

Housing Market 448

Housing Market New Listings Marketing Inventory 448

Housing Wire

MARCH 3, 2025

The 30-year fixed mortgage has followed suit, recently falling as low as 6.75%, the lowest level since mid-December. Its quite obvious that stubbornly high mortgage rates slowed down early season homebuyers in the first quarter of 2025. So, mortgage rates have been declining for several weeks now. Thats a pretty notable swing.

New Listings 362

New Listings Inventory Contracts Sellers 362

Housing Wire

JANUARY 6, 2025

The New Years week was expected to be slow, so it’s no surprise that new listings and sales are down. The Christmas and New Year’s holidays fell on Wednesdays this year, which messes up two full weeks in terms of getting home sales done and tracking the numbers. Those will start rebounding in next weeks data.

Inventory 447

Inventory New Listings Contracts Sellers 447

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. However, the new listings data has slightly disappointed me. New listings data I am pleased that we’ve seen new listings data grow year over year — it’s a big step forward.

New Listings 518

New Listings Inventory Mortgage Sellers 518

Housing Wire

NOVEMBER 4, 2024

Another tricky part of communicating this news is that home sales aren’t suddenly great. Last year was weak as mortgage rates were hitting 8%. Mortgage rates were super high and inventory was building. That difference can be attributed to mortgage rates staying higher for longer through September.

Inventory 387

Inventory New Listings Sellers Contracts 387

Appraisal Buzz

JANUARY 31, 2025

According to a recent Redfin study, housing prices and mortgage rates are still high, and home sales are at their weakest pace since the pandemic began. Now its pretty clear that sellers arent slashing asking prices and mortgage rates arent plummeting, so mindsets are shifting. Median asking price $407,225 5.2%

New Listings 390

New Listings Sellers Buyers Mortgage 390

Housing Wire

MARCH 10, 2025

New listings volume is trying to grow with its biggest week since September. List prices inched up for the week, though sales prices did not advance. Last year at this time, mortgage rates were heading higher to peak in May at 7.5%. These active market listing prices lead the sales prices so theyre very valuable to track.

Inventory 369

Inventory New Listings Housing Market Sellers 369

Housing Wire

OCTOBER 13, 2024

Weekly housing inventory data Four 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. Remember that 2023 had the lowest new listings data ever and 2024 will have the second lowest. National data: Weekly inventory change (Oct.

Inventory 510

Inventory New Listings Retail Mortgage 510

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. Despite two interest rate cuts by the Federal Reserve, mortgage rates rose again and remain stubbornly high. Its a symptom of a market thats transitioning away from sellers.

Housing Market 370

Housing Market Marketing New Listings Sellers 370

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

APRIL 29, 2024

The weekly volume of new listings is now higher than at anytime last year. It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. And seller growth is happening pretty much everywhere across the country, with Florida and Texas leading the way. orate further?

Sellers 508

Sellers Marketing Inventory Contracts 508

Housing Wire

DECEMBER 9, 2024

The MBAs mortgage applications data has been surprisingly strong. During that time, mortgage rates continually moved lower. Supply growth could also come from more sellers, such as investors or distressed borrowers unloading. However, in most of the country, we have no growth from the seller side. That’s normal.

Housing Market 418

Housing Market Marketing Inventory Sellers 418

Housing Wire

FEBRUARY 22, 2024

Mortgage interest rates above 6% continued to impact potential homebuyers’ purchase power, while also contributing to a lock-in effect among would-be home sellers who bought their homes years ago with a mortgage rate of 3% to 4.5%,” the association explained in an announcement.

New Listings 468

New Listings Real Estate Realtors Inventory 468

Housing Wire

JUNE 29, 2024

The rules of supply and demand economics always end up winning and weekly new listing data is key. New listing data is growing year over year, but it will be the second-lowest new listing data ever recorded in history. For the fifth time this year, inventory hit my target level with elevated mortgage rates.

New Listings 415

New Listings Inventory Contracts Sellers 415

Housing Wire

JANUARY 13, 2025

Data from Altos Research shows an area with expensive housing, rising inventory and conditions that lean favorable to sellers. LAs housing market has largely stabilized after the turbulence of the post-pandemic years and the rapid rise of mortgage rates beginning in 2022. The current median home price is $1.47 million, $3.9

Housing Market 369

Housing Market Marketing Sellers New Listings 369

Housing Wire

JANUARY 27, 2025

In recent weeks, home sales also faltered in the face of 7% mortgage rates. Now some of them are sliding below the year prior, which is driven by relentlessly high mortgage rates. This market is at a standstill as long as mortgage rates are above 7%. Home sellers and listing agents know where demand is for homes.

Inventory 387

Inventory Sellers New Listings Contracts 387

Housing Wire

DECEMBER 13, 2024

The recent CoreLogic Homeowner Equity Insights report for Q3 shows a continued positive trend of a lack of underwater mortgages in America today. Underwater mortgages where borrowers owe more on their home than what it is worth pose a risk of foreclosure and hinder people from selling their homes, something that was rampant after 2008.

Sellers 396

Sellers Mortgage New Listings Realtors 396

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. To top it all off, we started 2022 at all-time lows, forcing bidding action everywhere until mortgage rates rose. And we aren’t talking about your grandfather’s mortgage rates rising; we went from 2.5% Image by Brandon Johnson/HW Media.).

Sellers 514

Sellers Inventory Housing Market New Listings 514

Appraisal Buzz

FEBRUARY 13, 2025

New listings hit the highest level since July 2022, increasing 1.9% Redfin cited a number of reasons for this dip in housing sales, including: Mortgage rates hit an eight-month high: As the third quarter brought with it a drop in mortgage rates, 2024 closed with the 30-year fixed-rate mortgage rate edging toward the 7% mark.

Inventory 397

Inventory New Listings Sellers Real Estate Agent 397

Housing Wire

FEBRUARY 12, 2024

New listings each week, which were record few last year, are growing now. There are still notably not a lot of sellers. But home sellers are gradually easing back into this housing market. There were 66,000 new listings this week, of which 14,000 are already in contract. It’s not a ton of sellers.

Sellers 461

Sellers Housing Market Buyers New Listings 461

Housing Wire

JUNE 24, 2024

Sellers can just wait it out, and it looks like the U.S. I think it’s worth examining if sellers will indeed just wait it out now. If mortgage rates jump in late summer, we would see another boost in unsold inventory. New listings unchanged You can see the continuation of that theme with the new listings volume each week.

Inventory 447

Inventory Sellers New Listings Property Taxes 447

Housing Wire

FEBRUARY 25, 2025

. “Although it is still too early to tell the extent to which layoffs will impact the regions housing market, Bright MLS weekly market tracker shows signs of a bump in new listing activity in the Washington D.C. area at the end of February,” Sturtevant noted. ”

Housing Market 349

Housing Market New Listings Inventory Sellers 349

Appraisal Buzz

JUNE 12, 2024

Home sellers are returning to the market, but buyers are hesitant, according to a recent Zillow market report. In May, new property listings exceeded sales, allowing buyer competition and price rise to slow—and more price relief is expected. The largest drops were in New Orleans (-5.9%), Austin (-4.1%), and San Antonio (-2.2%).

Sellers 397

Sellers Buyers New Listings Home Value 397

Housing Wire

JULY 13, 2024

In 2023, following the collapse of Silicon Valley Bank , the spreads between the 30-year mortgage and 10-year yield were at their worst, leading to new cycle highs. This meant mortgage rates were significantly higher than average. Mortgage spreads Last year, the 10-year yield hit 5% and mortgage rates got above 8%.

Mortgage 514

Mortgage New Listings Inventory Contracts 514

Appraisal Buzz

JUNE 14, 2024

There have only been two months in the last decade with fewer home sales: October 2023, when mortgage rates reached a 23-year high, and May 2020, when the pandemic brought the housing market to a halt and home sales to an all-time low. Experts predict sales may increase later this year if mortgage rates gradually fall as projected.

Sellers 435

Sellers Buyers New Listings Mortgage 435

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

Appraisal Buzz

MARCH 3, 2025

in February of previous year, indicating that sellers are becoming more accustomed to the present market conditions. The number of newly listed homes grew 4.2% over the previous year, making 2019 February the most active month for sellers since 2021. Key Findings: Newly listed homes increase 4.2% New listings +4.2% -13.7%

Sellers 368

Sellers Marketing New Listings Inventory 368

Housing Wire

MARCH 6, 2025

New listings remain low as owners lock in Altos’s data for new listings accounts for single-family homes that come to market without an immediate or pending contract. New listings for single-family homes or condos are key indicators of seller behavior and new listings ramped up during the week of Feb.

Inventory 271

Inventory New Listings Government Housing Market 271

Appraisal Buzz

JANUARY 10, 2025

A few more buyers are out there for a number of reasons: High mortgage rates have been accepted by some; the daily average rates reached a seven-month high this week and are not expected to drop much anytime soon. New listings are down 2.5% The post New Year New Home? To read the full report, click here.

New Listings 395

New Listings Buyers Agents Sellers 395

Housing Wire

MAY 14, 2024

reaches its peak homebuying season, mortgage rates continue to ease week over week. HousingWire ’s Mortgage Rates Center showed the average 30-year fixed rate for conforming loans at 7.45% on Tuesday, below the rate of 7.51% one week ago. Since the softer labor reports happened, mortgage pricing has improved. As the U.S.

Mortgage 532

Mortgage New Listings Inventory Sellers 532

Housing Wire

FEBRUARY 26, 2024

Price reductions ticked up this week for the first time since November in the face of rising mortgage rates. We can see the impact of higher mortgage rates slowing homebuyer demand. Now, mortgage rates are 100 basis points higher. We still see more sellers than last year. The pace of sales inched down, too.

Sellers 468

Sellers Inventory New Listings Contracts 468

Housing Wire

MAY 15, 2024

This is an excerpt of a HousingWire Research report titled: What Everyone Needs to Know about Mortgage Rate Lock-in, by Altos President Mike Simonsen. housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. That’s a swing of 17% fewer sellers in just a matter of days.

Mortgage 458

Mortgage New Listings Inventory Sellers 458

Appraisal Buzz

JANUARY 13, 2025

metro areas, Miami (45.4%), San Diego (42.4%), and Denver (41.9%) had the biggest annual rise in active listings. of sellers lowering their prices in Decemberup just a little from 12.7% in December 2023the percentage of listings with price reductions was basically unchanged from the previous year. Active listings +22.0% -15.7%

Inventory 354

Inventory New Listings Sellers Marketing 354

Housing Wire

MARCH 23, 2024

Mortgage rates had a chance to break to new highs this year, but the Federal Reserve took a moderate tone at the last Fed meeting. We saw the benefit of lower mortgage rates with the last two existing home sales reports, which showed growth. Then mortgage rates rose, facilitating five weeks of negative purchase application data.

Mortgage 521

Mortgage Inventory New Listings Housing Market 521