Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The other focus should be where mortgage rates go; only a little happened last week. In 2007, when sales were down big, total active listings peaked at over 4 million.

Inventory 510

Inventory Housing Market Marketing New Listings 510

Housing Wire

MAY 7, 2023

Just when I thought it was safe to say we were getting more traditional spring housing inventory , we hit a snag last week, as active inventory and new listings declined. We had a lot of drama over the week between Federal Reserve meetings and banking stress, and mortgage rates and purchase applications both fell.

Inventory 482

Inventory Housing Market Marketing New Listings 482

Housing Wire

NOVEMBER 18, 2022

NAR Research : First-time buyers were responsible for 28% of sales in October; All-cash sales accounted for 26%; Individual investors purchased 16%; Distressed sales represented 1% of sales; Properties typically remained on the market for 21 days in October. We saw new listing data decline when rates got to 6.25% the first time.

Inventory 459

Inventory Marketing Housing Market New Listings 459

Housing Wire

FEBRUARY 24, 2023

While the homebuilders weren’t surprised by the better-than-estimated new home sales report released Friday, some people were a bit shocked. 9 up until the early part of February as mortgage rates fell from 7.37% to 5.99%. To combat higher mortgage rates, builders have been cutting prices and buying down rates to move product.

Inventory 423

Inventory Construction Housing Market Mortgage 423

Housing Wire

JUNE 22, 2023

Credit channels and inventory channels both changed after 2010 because of the qualified mortgage laws and the 2005 bankruptcy reform laws. Once mortgage rates rise in this environment, it can lead to big-time demand destruction, which is what has happened. million would mean much better mortgage demand. million in May.

Housing Market 506

Housing Market Marketing Inventory Law 506

Housing Wire

OCTOBER 11, 2022

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% million active listings, but at just 1.28 to over 7% in a very short period of time. million today.

Sellers 498

Sellers Inventory Housing Market New Listings 498

Housing Wire

APRIL 20, 2023

If we are trending below 4 million — a possibility with new listing data trending at all-time lows — then we have much weaker demand than people think. million before we saw the massive stress spike in supply from 2005 to 2007. We have a workable range for 2023 sales in the existing home sales market between 4 million and 4.6

Inventory 518

Inventory Housing Market Marketing New Listings 518

Housing Wire

FEBRUARY 16, 2023

The truth is that if mortgage rates fell below 5.875% and kept going lower, everyone’s housing predictions would need to be revised this year because the builders can sell their homes with lower mortgage rates. Buyers have fewer choices than normal in the past eight years — but in reality, since 1982.

Construction 470

Construction Housing Market Inventory Mortgage 470

Housing Wire

NOVEMBER 16, 2020

According to multiple real estate agents and mortgage brokers, low interest rates and a high percentage of “essential” jobs in their town has kept the housing market and local economy strong. The city’s housing dynamics point to strong buyer demand, which fueled a 16.8% year-over-year gain in listing prices during the week of Nov.

Housing Market 408

Housing Market Real Estate Agent Marketing Real Estate 408

Lamacchia Realty

JANUARY 25, 2024

It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. With rates trying to reach equilibrium after their nosedive in 2020, everyone has had to accept that pandemic-era rates are a thing of the past and therefore higher monthly mortgage payments are here to stay. Sales Decline by 21.7%

Inventory 69

Inventory Sellers Contracts Buyers 69

Lamacchia Realty

JANUARY 28, 2022

The post shut down race for buyers to secure homes in the later part of 2020 made it tough for 2021 to keep up and ultimately it didn’t happen. Homes Listed – All of NH. New listings in 2021 followed a less treacherous trendline in 2021 than 2020 but still couldn’t quite keep up with pre-pandemic markets. Buyer Resources.

Buyers 45

Buyers Contracts Inventory Real Estate 45