Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. Total housing inventory fell in this report, the third report in a row that shows total inventory has decreased.

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Housing Wire

MARCH 26, 2023

These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. Active inventory fell 1,109, and new listing data made a lovely comeback week to week but was still noticeably down year over year. In a regular market, they would be closer to 5.25%.

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Housing Wire

JULY 7, 2022

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. Inventory rising, historically low.

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Housing Wire

JANUARY 16, 2023

Housing inventory increased by 1,339 homes nationwide. The weekly data shows some good news for the housing market ! The weekly inventory data, which had fallen faster than I had anticipated the last few weeks, has now seen a slight uptick. Weekly housing inventory. Weekly inventory change: (Jan. million.

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Housing Wire

MAY 3, 2024

In Denver in particular, new listings increased 29.12% month-over-month and 22.63% year-over-year. Active listings at month’s end rose 13.14% to 5,511 homes, an astounding 45.87% gain year-over-year. Serious buyers showed discernment as they know inventory is growing. With only 1.3

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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.

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Housing Wire

DECEMBER 21, 2022

In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! “The principal factor was the rapid increase in mortgage rates, which hurt housing affordability and reduced incentives for homeowners to list their homes. . Plus, available housing inventory remains near historic lows.”

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Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. From the index : I know it seems strange, but existing home sales are falling, and the monthly supply of new homes is at 10.9 Housing inventory issue with no booming demand.

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Housing Wire

AUGUST 13, 2023

Weekly active inventory grew slowly again and purchase apps were down week to week again. Weekly housing inventory The painful housing inventory story of 2023 continues as we had yet another week of slow inventory growth. New listings data has been trending at the lowest levels recorded in history for more than 12 months.

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Housing Wire

DECEMBER 7, 2022

Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. Total inventory levels. NAR: Total Inventory levels 1.22 million Historically inventory levels range between 2 million and 2.5

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Housing Wire

FEBRUARY 27, 2024

If you’re an agent, team or brokerage looking to keep a pipeline of qualified listing leads coming your way, SmartZip may the solution you need. SmartZip uses predictive analytics to pinpoint likely sellers from 6 to 18 months in advance, offering a huge advantage in today’s low inventory market.

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Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I We are seeing a healthy increase in inventory, which we really needed.” Smith attributes the uptick in inventory to a bump in new listings.

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Housing Wire

FEBRUARY 24, 2024

Weekly housing inventory data My favorite housing data line for 2024 has been seeing the increase in inventory year over year. I firmly believe that housing inventory can grow over time when mortgage rates increase and we see weakness in demand. Here is a look at inventory last week: Weekly inventory change (Feb.

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Housing Wire

MAY 14, 2023

The rise of active listings in this spring housing market reminds me of a zombie slowly rising from its grave. Yes, we found the seasonal bottom for housing inventory on April 14, but this year’s rise in active listings has been tepid at best. This doesn’t appear to be the case for 2023. million.

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Housing Wire

FEBRUARY 8, 2024

Real estate professionals throughout the state attribute the resilience of the state’s housing market to its perpetually low inventory problem. Inventory is almost nonexistent,” said Melissa Kingsbury , a Redfin agent who works in the southwest suburbs of Chicago. “If As of Feb. Across the state, as of Feb. year over year to $122,900.

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Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Housing Inventory. Home price s. million in 2023.

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Housing Wire

FEBRUARY 24, 2023

I wouldn’t read too much into the fact that this new home sales report beat estimates, but I would say that in the future, if mortgage rates get back toward 6%, the homebuilders have creative ways to sell their homes that the existing home seller might not be inclined to do. However, this isn’t how inventory grows in America.

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Cornerstone

FEBRUARY 15, 2022

The housing crash of 2008 resulted in more than nine million households losing their homes to a short sale, foreclosure, or bank surrender. Today’s market can handle a million (or more) new listings. When the market was flooded with foreclosures in 2008, these homes only added to the surplus of homes listed for sale.

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Housing Wire

JUNE 22, 2023

I first used the term savagely unhealthy in March of 2022 because we had solid demand while inventory was at all-time lows. Credit channels and inventory channels both changed after 2010 because of the qualified mortgage laws and the 2005 bankruptcy reform laws. From NAR: Total housing inventory registered at the end of May was 1.08

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Listing Spark

OCTOBER 13, 2022

There is more inventory available and home sales are down. months of inventory, well below a balanced market of 6 months of inventory. New listings are down 6%, so there are less homes coming onto the market than there were this time last year. If you’re an Austin home buyer, there is a lot of good news.

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Housing Wire

JANUARY 1, 2024

If I am wrong and mortgage rates go lower for longer and we don’t get more new listings in 2024, then home prices can grow faster in 2024 because we will have the same issue as before: too many people chasing too few homes. So, this is something to consider only if we see an increase in stressed inventory.

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Housing Wire

FEBRUARY 16, 2023

There is one simple reason for this: it’s not 2008. However, the glaring difference today versus the recession of 2008, is that in 2007 the builders had to deal with over 4 million active listings as competition for their pricey new homes. Now, the question is: How much longer can this last?

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Housing Wire

JANUARY 19, 2024

It happened in 2008 and then didn’t happen again until 2023. Remember, with median sales prices and inventory, it’s very seasonal. Something notable about this report: Total active listings as the NAR tracks them almost broke under 1 million again. However, remember, the dive in inventory is normal at this time of the year.

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Housing Wire

SEPTEMBER 19, 2023

Meanwhile, the available inventory of unsold homes is growing. This week, inventory grew faster than it did last year at this time. This week was the biggest week of inventory increase all year, with inventory growing by over 9,000 single-family homes. It’s not unusual for a little jump in new listings in September.

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Listing Spark

DECEMBER 23, 2020

Median Sales Price: $365,000 (up 19%) Closed Sales: 3,397 (up 23%) Average Days on Market: 33 (Down 29 days from this time last year) 2,842 Active Listings (Down 55%) 3,629 Pending Sales (Up 23%) 0.9 Months of Inventory (1.2 Months of Inventory (Compared to 3.3 Months of Inventory: (down 1.4 Dallas/Fort Worth.

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Will Springer Realtor

MAY 9, 2023

Falling new inventory is constraining transaction volumes while also supporting higher home prices. April’s figure was 37% lower than a year ago and, for context, the five-year average of new listings for the month just before the pandemic began was 4021. The inventory may not be there, but the demand sure is.

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Housing Wire

AUGUST 1, 2023

The median price of the new listings this week is $399,900. As the summer progresses, each subsequent week of new listings gets priced at a slight discount to the previous weeks. Inventory As a result, the seasonal inventory build is slow and on a normal cycle. Home prices declined subsequently.

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Empire Appraisal Group

JANUARY 4, 2023

The start of the year, of course, is when homeowners and real estate agents start to bring new inventory to market. As the thinking goes, buyers and sellers often want to get their transactions closed by summer, especially if they have children starting at new schools in September. It would take just 3.3

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Lamacchia Realty

JANUARY 25, 2024

The real estate landscape witnessed significant developments in 2023, as the New Hampshire market saw a historic low in listings. This scarcity in inventory exerted upward pressure on prices, although it coincided with a 19% decline in sales. Lowest number homes listed in recorded history, decreased by 15.1%

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Lamacchia Realty

JANUARY 25, 2024

2023 was a notable year in real estate history, but if we had to put our finger on what stood out, it was how the number of homes listed was the lowest in over two decades. It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. A lot of it had to do with anemic inventory.

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Boston Appraisal

JULY 22, 2019

This will be a relief for aspiring buyers burdened by dwindling inventory, high prices, and competition, particularly in hot markets like the Bay Area and Greater Boston. The number of listings available on the market has progressively improved in recent months across the country, with unsold inventory reaching a 4.3-month

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Marketing Housing Market Real Estate Buyers 78

Boston Appraisal

JULY 22, 2019

This will be a relief for aspiring buyers burdened by dwindling inventory, high prices, and competition, particularly in hot markets like the Bay Area and Greater Boston. The number of listings available on the market has progressively improved in recent months across the country, with unsold inventory reaching a 4.3-month

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Lamacchia Realty

JANUARY 30, 2024

The 2023 South Florida real estate market, like national trends, saw a decrease in sales, an increase in prices, and a decrease in the number of homes listed and placed under contract. Unlike what the Northeast experienced, South Florida inventory is up over 2022 and the second half of 2021. South Florida Sales Decline by 17.5%

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Lamacchia Realty

JULY 26, 2023

Listings are the lowest they have been in recorded history, click here to read our recent report (or see below in our Listings section). That said, inventory levels are still not high enough to match demand so prices haven’t fallen as many were afraid and expecting to happen, though their rate of increase has substantially diminished.

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Housing Wire

MAY 30, 2023

Inventory is still near record lows The easiest economic discussion right now is the housing inventory story in the U.S. People claim inventory isn’t low because “shadow inventory” is on the verge of adding millions of homes into the marketplace any second now. and that it’s historically low.

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Listing Spark

FEBRUARY 7, 2024

3) Days on market and months supply of inventory climbed, shifting to a more balanced market For the first time in over 13 years, the market shifted from a scalding hot seller’s market to a balanced market or even a buyer’s market in some areas. We didn’t see a wave of panic selling like we did in 2008. in 2022 to 3.3 in 2022 to 3.4

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Will Springer Realtor

SEPTEMBER 12, 2023

fewer new listings, the rate of sales rose 1.7% Two data points stood out from the latest report by the Northwest Multiple Listing Service: The aforementioned new listings for all homes in the county – 2684 – is at a low not seen for an August since records were shared with brokers (like me) dating back to the mid-1990s. “I

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