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How housing credit is shaping housing inventory

Housing Wire

Housing credit channels directly impact housing inventory channels. Home prices escalated out of control after 2020 and when we look at why that happened, we can see that housing credit mattered more to inventory data than most people realize. This matters because inventory was already heading toward all-time lows before COVID-19.

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Housing Market Tracker: Inventory finally rises

Housing Wire

Since 2020, the seasonal bottom for housing inventory has arrived several months later than normal, making it more complicated to track housing inventory data. Still, we have some promising signs that we might have finally hit the inventory bottom for 2023.

Inventory 543
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“It seems impossible:” Bergen County, NJ’s housing market is vexing agents and buyers

Housing Wire

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At Even if we get more listings, it is not going to be enough for people.

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Buyers are overpaying, but are there signs of a bubble?

Housing Wire

Home prices have skyrocketed in the past year, and data from Redfin backs up what buyers, sellers, and agents have known for months. year-over-year to $336,200 in February – the largest increase since July 2013, according to the latest report from Redfin. The post Buyers are overpaying, but are there signs of a bubble?

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Why purchase application data is below 2008 levels

Housing Wire

Inventory levels broke to all-time lows and thus created massive housing inflation quickly, which broke my model. We saw this happen in 2013-2014 and 2018-2019. The glaring difference between now and 2014 is that total inventory levels are roughly 1 million lower now than the peak of 2014. nominal per year at most.

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Lower mortgage rates are stabilizing the housing market

Housing Wire

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 Rate above 7% made things even worse.

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Can lower mortgage rates stop the housing recession?

Housing Wire

People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% We saw this in 2013-2014 and 2018-2019. They have to move as well, so a traditional seller is a buyer most of the time when it’s a primary resident owner. We see some of this in the active listing data as new listings are declining.

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