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How housing credit is shaping housing inventory

Housing Wire

Since most sellers are buyers, inventory should be stable if demand is stable. This is what happened post 2010: The millennials started to buy homes in 2013 and they finance 90% of those homes. Now, nobody is listing their homes to sell and buy unless they’re 100% pre-qualified. Demographics also play a role here.

Inventory 449
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Why purchase application data is below 2008 levels

Housing Wire

We saw this happen in 2013-2014 and 2018-2019. NAR total inventory data 1,250,000 One thing about purchase application data and demand is that a traditional seller is typically a buyer of a home. New listing data is down 5% year to date, as you can imagine. This means less demand for housing.

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Housing Market Tracker: Inventory finally rises

Housing Wire

Here’s a quick rundown of the last week: Active listings rose by 8,546 , and new listing data showed some growth. If that is the case, then this week’s gain in active inventory and new listings needs to be taken with a grain of salt until we get next week’s data. However, I will take what I can now.

Inventory 545
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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

It was listed at (list price) and sold well above the asking price. There are still plenty of buyers interested in this area. In fact, we had (number) offers, which means there are still ready, willing, and qualified buyers eager to make an offer! If you don’t have active buyers, ask around the office.

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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.

Mortgage 501
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Lower mortgage rates are stabilizing the housing market

Housing Wire

million, the equilibrium balance between a buyer and seller marketplace that has been here for four decades. 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

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HOUSING ‘TRIFECT’ PUTTING SQUEEZE ON BUYERS

Will Springer Realtor

As the chart shows, a historically large segment of Millennials is inching toward 36, the median age of a first-time home buyer in the U.S. An index score of 100 means that a buyer with a median U.S. The national trend for new construction, however, is generally moving in the opposite direction.

Buyers 36