Housing Wire

JANUARY 20, 2022

Right after the Great Recession, between 2009 and 2011, buyers viewed a median of 12 homes before purchasing, as inventory was plentiful. According to NAR , low inventory is partly to blame for the homebuyers looking at fewer homes than before. month’s supply of homes.

Buyers 421

Buyers Inventory Open Houses Technology 421

Housing Wire

SEPTEMBER 27, 2023

It is still facing limited for-sale inventory and struggling with affordability issues. Based on the FOMC’s most recent projections, rates are expected to be higher for longer, which has driven Treasury yields to new heights. Overall applications declined. Meanwhile, refinance activity was down 1% from last week and 21% from last year.

Mortgage 441

Mortgage Contracts Inventory Marketing 441

Housing Wire

DECEMBER 21, 2022

In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! Plus, available housing inventory remains near historic lows.” Housing inventory. Today, inventory is almost 900,000 active listings below the lowest level of the four-decade average between 2 million and 2.5

Inventory 528

Inventory New Listings Housing Market Sellers 528

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 NAR: Total Inventory levels 1.22

Housing Market 544

Housing Market Mortgage Marketing Inventory 544

Housing Wire

SEPTEMBER 22, 2022

Total Inventory data fell in this report from 1.31 It doesn’t even look like we will breach the lower level of my inventory wish list of 1.52 I am a big fan of inventory to 2019 levels. Even though 2019 inventory levels were historically low, they were at four-decade lows before 2020; they’re a more effective pricing market.

Inventory 458

Inventory Housing Market New Listings Mortgage 458

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. Housing inventory issue with no booming demand. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5

Inventory 384

Inventory New Listings Law Housing Market 384

Housing Wire

OCTOBER 1, 2022

As reported in the latest NAR Existing-Home Sales , inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and home prices. In comparison, in 2011, homes took 96 days to sell. .

Realtors 397

Realtors Housing Market Marketing Buyers 397

Housing Wire

APRIL 20, 2023

months’ worth of housing inventory in the U.S. For some historical context, back in 2011, this data line was 101 days. NAR: Total housing inventory registered at the end of March was 980,000 units, up 1.0% Unsold inventory sits at a 2.6-month We only have 2.6 That is where we are today in America. economy.

Inventory 528

Inventory Housing Market Marketing New Listings 528

Hank Miller Team

JANUARY 23, 2023

understand that it's not the spring of 2011. While rates were certainly favorable, the lack of inventory resulted in a punishing home buying experience. Listing inventory drops during the pandemic with the seasonal bump in '21. When '22 opens, inventory is at historic lows and the crazy period is on. It's not 2011.

Buyers 98

Buyers Inventory Agents Contracts 98

Housing Wire

JANUARY 19, 2024

Despite a documented preference that older Americans have to age in place, the current housing inventory is inadequate to support the needs of an aging population. According to 2011 data from Harvard University ’s Joint Center for Housing Studies (JCHS), less than 4% of U.S. There are changes the housing industry can make.

Inventory 458

Inventory Renovations Construction Marketing 458

Housing Wire

DECEMBER 3, 2020

months worth of housing inventory, which is the lowest ever, the report from Keller Williams said. Notably, in 2011, existing home prices in Ada County were at $160,113. In Ada County specifically, where Boise is located, the number of homes for sale dropped from 1,697 last October to just 355 in October 2020, a 79% decline.

Marketing 533

Marketing Realty Realtors Housing Market 533

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. How can housing inventory be so low today when it skyrocketed back in 2009? As you can see below, the inventory keeps falling from 2014 levels, and even with the weakness in demand this year, we are nowhere close to 2013 levels, let alone 2018 levels. What is going on here?

Inventory 522

Inventory Housing Market Construction Marketing 522

Housing Wire

MARCH 30, 2023

Connie Kim: You had a long run at Wyndham Capital Mortgage dating back to 2011. Kim: I hear about the lack of inventory issues and bidding wars across the country. I think there’s a little bit lower price point, there’s a little more inventory. This interview has been condensed and lightly edited for clarity.

Mortgage 397

Mortgage Retail Loan Officers Brokerage 397

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. 1 through Dec.

Inventory 441

Inventory Agents Housing Market Luxury Properties 441

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.

Mortgage 491

Mortgage Inventory New Listings Housing Market 491

Housing Wire

SEPTEMBER 23, 2022

“The housing market continues to face headwinds as mortgage rates increase again this week, following the 10-year Treasury yield’s jump to its highest level since 2011,” Sam Khater, Freddie Mac’s chief economist, said in a statement. However, the number of homes for sale remains well below normal levels.”

Housing Market 370

Housing Market Marketing Mortgage Buyers 370

Housing Wire

DECEMBER 7, 2020

For now, though, the low inventory means housing starts have legs to move higher. Existing home inventory is also at all-time lows. Existing home inventory is also at all-time lows. Unsold inventory sits at an all-time-low 2.5-month Keep this rule of thumb in mind for the future, below 4.3 Existing Home Supply.

Inventory 545

Inventory Construction Government Housing Market 545

Housing Wire

DECEMBER 29, 2021

Not the best of news as we start year three of that time period with a solid possibility of new all-time lows in inventory this spring. Well, it looks like my five-year growth model has been taken out in two years. In fact, our issues today are first-world problems compared to the past.

Housing Market 533

Housing Market Marketing Construction Mortgage 533

Housing Wire

OCTOBER 11, 2022

Inventory, which has been falling for years, broke to all-time lows in 2020. We didn’t have a seasonal push in inventory in 2020, and things worsened in 2021. Of course, this has brought back some inventory, as demand weakness always creates inventory through accumulation. million active listings, but at just 1.28

Sellers 504

Sellers Inventory Housing Market New Listings 504

Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. Inventory velocity. April 10, 2020: We needed a lot of inventory, fast. The velocity of inventory rising in the next three months is limited. April 2022: Inventory has not recovered. Can this last?

Housing Market 397

Housing Market Marketing Inventory Lending 397

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.

Housing Market 543

Housing Market Marketing Inventory New Listings 543

Housing Wire

FEBRUARY 21, 2023

Affordability constraints and tight inventories will continue to limit home sales and the 10-year Treasury has moved up meaningfully since the completion of our interest rate forecast, suggesting mortgage rates will soon be back on the rise,” according to the ESR group. million, it still marks the slowest annual pace of sales since 2011.

Inventory 384

Inventory Mortgage Housing Market Contracts 384

Housing Wire

JANUARY 26, 2022

But what if the market conditions include historically low levels of available inventory for sale, and competing for that limited inventory with institutional investors as well as millions of millennial homebuyers? in 2021, the lowest level of gross margin since the first quarter of 2011, during the Great Recession.

Real Estate 432

Real Estate Investors Inventory Business 432

Housing Wire

JANUARY 19, 2024

Remember, with median sales prices and inventory, it’s very seasonal. However, remember, the dive in inventory is normal at this time of the year. To give you all some perspective, this data line dropped all the way to 14 days in the crazy period of COVID-19, while back in 2011, it was 105 days.

Housing Market 473

Housing Market Inventory Contracts Marketing 473

Housing Wire

OCTOBER 17, 2022

As mortgage rates rose and housing inventory increased, home price growth decelerated in the third quarter of 2022, according to the Fannie Mae Home Price Index ( FNM-HPI ) released Monday. This is the slowest quarter of growth since Q4 2011. The FNM-HPI found that home price growth was at an annualized rate of 13.2% in Q3 2022.

Inventory 397

Inventory Buyers Mortgage Housing Market 397

Housing Wire

MAY 7, 2021

Going further back, regulatory costs for a new home were approximately $65,000 in 2011. thus, increasing inventory and driving overall prices down. That hasn’t happened yet, as low inventory continues to cripple homebuilders and potential buyers, who don’t want to engage in ultra-competitive bidding wars.

Construction 466

Construction Inventory Government Development 466

Housing Wire

DECEMBER 20, 2023

NAR: Total housing inventory at the end of November was 1.13 Unsold inventory sits at a 3.5-month 2022. Unsold inventory sits at a 3.5-month In 2011, the days on the market were 105 days, and we had a massive distress supply, hitting the markets with a job loss recession. million units, down 1.7% from October but up 0.9%

Housing Market 458

Housing Market Marketing Inventory Realtors 458

Housing Wire

AUGUST 10, 2023

With regular reports and data coming out on what’s blocking inventory growth, the biggest factors impacting rates and the latest shifts in home sales, there’s a lot of information out there to help you inject more confidence into your business strategy. Logan Mohtashami: Inventory is still savagely unhealthy.

New Listings 368

New Listings Inventory Business Marketing 368

McKissock

MARCH 1, 2021

Dara’s ability to listen to clients and her attention to detail landed her Exceptional Service Awards in 2011, 2012, and 2013 from Cartus/USAA, one of the nation’s largest relocation organizations. A: The obstacles Millennial real estate buyers face for owning a home in the Boston market come down to low inventory.

Real Estate 90

Real Estate Clients Real Estate Agent Renovations 90

Housing Wire

AUGUST 24, 2023

“We could see monthly sales fall to 2010 or 2011 levels when the market was recovering from the free fall after the housing bubble.” However, the big difference between the financial crisis of 2008 is that the current higher-rate environment is not sending home prices down, and other factors have kept inventory close to historic lows.

Mortgage 370

Mortgage Property Taxes Investors Buyers 370

Housing Wire

MAY 24, 2022

My biggest thing is getting total inventory back to 2018-2019 levels, which can range from 1.52-1.93 However, this isn’t going to help much because the existing home sales market has a different inventory channel. Now inventory is rising in the existing home sales market, and we just had some positive weekly year-over-year prints.

Housing Market 397

Housing Market Inventory Construction Marketing 397

Housing Wire

JANUARY 1, 2024

This would happen if we saw a surge of stressed inventory and mortgage rates didn’t go low enough to handle that much new supply into the market. So, this is something to consider only if we see an increase in stressed inventory. 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

Housing Wire

JUNE 18, 2021

in the fourth quarter of 2020 to its lowest point since the second quarter of 2011. How fix’n’flip loans could help expand housing inventory. The gross flipping return on investment was down from 41.8% Regionally, house flipping was down in 70 percent of U.S. Here’s how fix’n’flip loans may be the fix.

Investors 485

Investors Investing Inventory Lending 485

Lamacchia Realty

JANUARY 25, 2024

It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. A year later, still no crash, which had more to do with the decrease in inventory than the decrease in sales. A lot of it had to do with anemic inventory. Average prices for closed sales increased by 3.4% Sales Decline by 21.7%

Inventory 71

Inventory Sellers Contracts Buyers 71

Housing Wire

OCTOBER 17, 2023

The single-family rental (SFR) sector and its close cousin, the fix-and-flip market , are now essentially treading water in an environment of high interest rates , approaching 8%; high home prices; and a dearth of home-purchase inventory. in first quarter to 27.5% Sector leaders are predicting more of the same for 2024.

Investors 421

Investors Inventory Investing Real Estate 421

Housing Wire

AUGUST 16, 2022

Currently, we are in a much different housing recession than what we had from 2005-2011. Also, they are facing more competitive inventory since the number of existing homes is increasing, and those are cheaper. The credit cycle looks much different now than the build-up from 2002-2005. Why do I call it a housing recession?

Mortgage 531

Mortgage Construction Inventory Buyers 531

Lamacchia Realty

JANUARY 25, 2024

The market’s resilience can be attributed more to the decrease in inventory than the decline in sales. The decline in inventory has made it impossible for prices to decrease due to demand. In conclusion… 2024 is predicted to improve if rates are stable and inventory rises a bit. Sales Decline by 23.2%

Inventory 59

Inventory Sellers Buyers Real Estate 59