Housing Wire

DECEMBER 21, 2022

We have had two historic events that created a waterfall dive in demand recently; we now have precise data showing new listing data declining with those events, which shows how important that data line is to housing demand. Mortgage rates spiked in March, and then the new listing data started to decline at the end of June.

Inventory 528

Inventory New Listings Housing Market Sellers 528

Housing Wire

NOVEMBER 18, 2022

I didn’t have to worry about this in the previous expansion — as my long-term work stated for a decade, the years 2008-2019, would have the weakest housing recovery ever. Seasonal impacts are the norm with housing, and new listing data is negative 6% year to date. NAR lists the current inventory at 1.22

Inventory 473

Inventory Marketing Housing Market New Listings 473

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. New listing data was trending at all-time lows in 2021 abd 2022 and now it’s creating a new all-time low trend in 2023.

Inventory 491

Inventory Housing Market Marketing New Listings 491

Housing Wire

APRIL 30, 2023

Weekly housing inventory Since new listing data was trending at all-time lows in 2023, some feared we wouldn’t see the typical spring inventory increase. After the last few weeks , we can put that fear aside: we are finally getting the seasonal increase in active listing. didn’t go into recession until 2008.

Inventory 520

Inventory Housing Market Marketing New Listings 520

Housing Wire

MARCH 26, 2023

Active inventory fell 1,109, and new listing data made a lovely comeback week to week but was still noticeably down year over year. One piece of good news last week was that the new listing data, which saw a significant collapse two weeks ago, rebounded excellently to return to a usual trend.

Inventory 450

Inventory Housing Market Marketing Mortgage 450

Housing Wire

AUGUST 13, 2023

For those calling for a massive inventory spike since 2008, the last few years have not gone as planned. New listings data has been trending at the lowest levels recorded in history for more than 12 months.

Mortgage 370

Mortgage Inventory New Listings Retail 370

Housing Wire

JULY 7, 2022

In Portland, Oregon, for example, one loan officer noted that new listings doubled in the second half of May from 800 to 1,900 new listings. In Seattle, Dan Keller reported 47% of all listings had price reductions. Inventory is projected to increase significantly higher than originally forecasted for the year.

Inventory 397

Inventory Marketing Mortgage Supply Chain 397

Housing Wire

DECEMBER 7, 2022

Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. One issue that has created a waterfall dive in purchase application data and sales is that new listing data is declining faster than usual. Total inventory levels. NAR: Total Inventory levels 1.22

Housing Market 544

Housing Market Mortgage Marketing Inventory 544

Housing Wire

FEBRUARY 27, 2024

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Advertising 419

Advertising Tools Real Estate Sellers 419

Housing Wire

JANUARY 16, 2023

With mortgage rates also falling, I am hopeful that more people will list their homes and buy another, so we can get back to a more functional housing market. One of my biggest concerns for housing started at the end of June 2022: once mortgage rates got above 6%, the new listing data began to decline faster and earlier than normal.

Inventory 533

Inventory Housing Market Marketing Mortgage 533

Housing Wire

MAY 14, 2023

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. Here’s a quick rundown of the last week: Total active listings grew 662 weekly, and new listing data is still trending at all-time lows. This doesn’t appear to be the case for 2023.

Housing Market 464

Housing Market Marketing Inventory New Listings 464

Housing Wire

FEBRUARY 24, 2024

17-24), Inventory fell from 437,282 to 430,395 The recent inventory bottom was in 2022 at 240,194 The inventory peak for 2023 was 569,898 For context, active listings for this week in 2015 were 958,304 New listings data New listings data is growing year over year and increasing week to week, but I wish we were seeing more significant growth.

Mortgage 489

Mortgage Inventory New Listings Housing Market 489

Housing Wire

JANUARY 5, 2023

However, weeks after that call, the new listing data started to decline noticeably, which makes that call much harder to happen in 2023. However, I acknowledge that the housing dynamics have changed a lot since that forecast in June as new listing data declined. million in 2023. million for 2023. Housing recession.

Housing Market 543

Housing Market Marketing Inventory New Listings 543

Housing Wire

FEBRUARY 24, 2023

months of the supply is active listings, 68K 5 months of the supply is still under construction, 280K 1.6 The majority of inventory comes from the existing home sales market and if you compare it to 2008, back then we didn’t even have 200,000 homes available for sale and currently we are at 68,000.

Inventory 480

Inventory Construction Housing Market Mortgage 480

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.

Loan Officers 59

Loan Officers Housing Market Inventory Mortgage 59

Housing Wire

MARCH 22, 2024

In the nearby metro area of Cape Coral-Fort Myers , active single-family inventory over the previous 90 days averaged 6,500 listings as of March 15, above its March 2020 level of 5,044 listings and approaching its March 2019 level of 7,243 listings. Smith attributes the uptick in inventory to a bump in new listings.

Insurance 416

Insurance Inventory Marketing Real Estate 416

Listing Spark

OCTOBER 13, 2022

New listings are down 6%, so there are less homes coming onto the market than there were this time last year. In 2008, Austin and a lot of parts of Texas came out relatively unscathed.”. [00:08:58] Nationally active listings are up 26.9%. 00:11:25] What new listings can teach us about the state of the housing market.

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

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. We haven’t had new listings data break over 90,000 in the peak seasons of 2021, 2022 or 2023.

Housing Market 528

Housing Market Marketing New Listings Construction 528

Will Springer Realtor

MAY 9, 2023

The chart (below) puts it in sharp focus: Except for the pandemic year of 2020 when there were 2559 new listings that April, last month was the slowest April since at least 2008 when easy access to Northwest Multiple Listing Service data became available. Where are all the sellers? There are 1.7 months in Seattle and 1.2

New Listings 58

New Listings Inventory Buyers Sellers 58

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.

Construction 518

Construction Housing Market Inventory Mortgage 518

Housing Wire

JANUARY 19, 2024

It happened in 2008 and then didn’t happen again until 2023. In the CNBC interview, I stressed that we do have one positive on the inventory side of things: we are seeing new listings data growth. We have a big difference in the data on single-family permits and 5-unit permits.

Housing Market 466

Housing Market Inventory Contracts Marketing 466

Listing Spark

DECEMBER 23, 2020

Median Sales Price: $270,000 (up 12%) Closed Sales: 9,660 (up 28.1%) Active Listings: 29,948 (down 27% from this time last year) 2.2 The good news is, home owners have more equity, homes are rapidly appreciating in value, we have an extreme shortage in homes. Months of Inventory: (down 1.4 months from this time last year). San Antonio.

Real Estate 36

Real Estate Marketing Inventory Modernization 36

Housing Wire

SEPTEMBER 19, 2023

It’s not unusual for a little jump in new listings in September. The fact that home prices are up year over year just helps us see that there is no 2008 apocalypse happening. The price of the newly listed properties this week popped up a bit. The price of the new listings is more volatile each week.

Housing Market 448

Housing Market Marketing Inventory New Listings 448

Housing Wire

JUNE 22, 2023

This kind of activity was happening years before the job-loss recession happened in 2008. There is a better case that we can get below 4 million if mortgage rates stay high and new listing data starts its seasonal decline in the data. Also, their wages are rising faster in an inflationary period.

Housing Market 522

Housing Market Marketing Inventory Law 522

Housing Wire

FEBRUARY 8, 2024

While there is no doubt it is a seller’s market in Peoria, Van Cleve said many potential sellers are hesitant to list. Although housing market conditions may be challenging heading into the spring season, agents in the inventory-strapped state are optimistic that new listings will soon be coming to market.

Inventory 433

Inventory Agents Housing Market Luxury Properties 433

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. During the GFC, inventory rose in 2007, 2008, 2009 and 2010. If you’re shopping for a home today, then the median price is $450,000.

Inventory 369

Inventory Contracts Buyers Mortgage 369

Lamacchia Realty

JANUARY 25, 2024

Consequently, we’re witnessing the lowest number of new listings since 2000. The hesitation to lose rates in the 3% range, coupled with concerns about higher monthly payments upon buying again, has resulted in a scarcity of new listings.

Inventory 53

Inventory Sellers Buyers Contracts 53

Empire Appraisal Group

JANUARY 4, 2023

But every year, the inventory-to-sales ratio spikes in January and February as transactions crater and the first new listings start to come online in anticipation of the spring open house season, which can set bad things in motion in times of stress.

Inventory 78

Inventory Open Houses Sellers Real Estate 78

Boston Appraisal

JULY 22, 2019

The rise in stock is not always due to the appearance of new listings, but also the result of properties sitting on the market. In New England, the increase in the number of listings—especially in the single-family home market—is barely keeping up with the demand boosted by favorable mortgage interest rates.

Marketing 78

Marketing Housing Market Real Estate Buyers 78

Boston Appraisal

JULY 22, 2019

The rise in stock is not always due to the appearance of new listings, but also the result of properties sitting on the market. In New England, the increase in the number of listings—especially in the single-family home market—is barely keeping up with the demand boosted by favorable mortgage interest rates.

Marketing 78

Marketing Housing Market Real Estate Buyers 78

Lamacchia Realty

JANUARY 30, 2024

2023 Sees the Lowest Number of Homes Listed in Fifteen Years There was a 10% decrease in the number of new listings compared to 2022, with 113,883 homes listed in South Florida, down from 126,545. This hesitancy, spanning two years, has resulted in the lowest number of new listings since 2008.

HOA 50

HOA Inventory Buyers Contracts 50

Lamacchia Realty

JANUARY 25, 2024

Therefore, we are in a market with the lowest amount of new listings since 1994. The increase year-over-year wasn’t as significant as the increase from 2020 to 2021, which is a sign that things are calming down, but an increase is still an increase and confirmation that a price crash still isn’t on the horizon.

Inventory 71

Inventory Sellers Contracts Buyers 71

Will Springer Realtor

JANUARY 10, 2023

The number of new listings for all home types – single-family, townhomes and condos combined – in King (887) fell 47% from November and declined 36% from December 2021. The number of Pendings (1206) has fallen for five consecutive months and is the lowest of any month since December 2008 (1167).

Housing Market 36

Housing Market Marketing Inventory Real Estate 36

Housing Wire

MAY 30, 2023

NAR total inventory since 1982: I prefer the Altos Research weekly single-family data to the NAR data because it gives us a fresh look at not only active listing data but new listing data. The Altos Research new listing data is essential in tracking the supply aspect of housing, which is why I include it as part of the Tracker.

Inventory 479

Inventory Housing Market New Listings Marketing 479

Lamacchia Realty

JULY 26, 2023

We recently published a report that covers the first half of 2023 which exhibited the least number of homes listed (for the full story click here) over a 6-month period (two consecutive quarters) since records have been kept (red line). Pending Home Sales (contracts accepted) The number of homes placed under contract declined 20.8%

Sellers 58

Sellers Inventory Buyers Contracts 58

Lamacchia Realty

JULY 22, 2022

Homes Listed for Sale. There were 49,839 new active listings in the first half of 2022 compared to 53,823 last year , a 7.4% People will list if they need to make a move. New listings are an indicator of future pending sales, so with this number down we will likely see lower pending sales into the fall.

Sellers 73

Sellers Buyers Inventory Contracts 73

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.

Finance 67

Finance Inventory Construction Buyers 67