Spring housing market gets more inventory
Housing Wire
APRIL 27, 2024
This isn’t saying too much since 2023 had the lowest recorded level of new listings ever, but it’s still a plus in my book.
These are the hottest housing markets in America
Housing Wire
SEPTEMBER 17, 2021
Despite several indicators of a slowing housing market, prospective home buyers should not get too excited – inventory remains limited and changes are in line with the traditional seasonal slowdown, according to RE/MAX ’s August national housing report. Low inventory is another indication of a still-scorching housing market.
Housing Market 
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Housing Market Tracker: Spring inventory grows
Housing Wire
APRIL 30, 2023
The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The fear of not having an increase in inventory this spring should be put to rest. The other focus should be where mortgage rates go; only a little happened last week.
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Housing Market Tracker: Inventory falls even lower
Housing Wire
APRIL 16, 2023
This is one reason housing inventory has taken so long to bottom out. Mortgage rate volatility was so wild in the second half of 2022 and even this year that some home sellers are gun-shy in listing their homes, since they will be buying another one. In 2007, when sales were down big, total active listings peaked at over 4 million.
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Housing Market Tracker: Inventory is negative YOY
Housing Wire
JULY 2, 2023
We have often discussed that the housing market dynamics changed starting Nov. The other big story with housing inventory is that new listing data has been trending negative year over year since the end of June 2022. Since May 15, that trend has continued to the point that inventory in America is now negative year over year.
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Housing Market Tracker: Higher rates crush purchase apps
Housing Wire
FEBRUARY 27, 2023
We created the weekly Housing Market Tracker because housing data has been so wild since 2020. The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. A traditional seller is a conventional buyer most of the time.
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Housing Market Tracker: Inventory gets summer lift
Housing Wire
JUNE 25, 2023
The affordability hit with higher mortgage rates has impacted new listings data since most sellers are buyers, thus facilitating an all-time low in new listings data. More importantly, it showed that the days on market dropped back to the teenager level, which means we are once again in a savagely unhealthy housing market.
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The mortgage rate lock-in didn’t start in 2022
Housing Wire
MAY 15, 2024
housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. After an initial rush to get to market in Q2 2022, new listings volume fell precipitously.
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Housing Market Tracker: Banking crisis is a new variable
Housing Wire
MARCH 19, 2023
The housing market was crazy again last week. Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? However, you don’t need to be a rocket scientist or have a Ph.D.
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Mortgage rates hold steady ahead of jobs report
Housing Wire
MARCH 5, 2024
Most home sellers are buyers of homes, so the action we are seeing this year is a healthy step in the right direction to get more balance in the housing market ,” Mohtashami wrote on Saturday. For context, active listings during the same time frame in 2015 were substantially higher at 958,304. Between Feb.
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Daren Blomquist’s 2023 housing outlook
Housing Wire
JANUARY 9, 2023
This article is part of our 2022 – 2023 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business.
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Housing inventory defied all predictions in 2023
Housing Wire
DECEMBER 30, 2023
Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housing market and which factors to follow.
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Mortgage rates helped by the Fed’s moderate stance
Housing Wire
MARCH 23, 2024
Imagine a housing market with just 6% mortgage rates or lower — it would be growing like what we see in the new home sales market. Weekly housing inventory data The best housing story for 2024 so far is that inventory is growing yearly. When mortgage rates fall, demand picks up.
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Why is housing inventory growing with higher mortgage rates?
Housing Wire
MARCH 2, 2024
Let’s take a look at the inventory data this year to test this premise, since for many months it has been a working theory of mine that new listings data behavior last year marked a bottom and even going into 2024 we should see more sellers. With mortgage rates higher, will this stop inventory from growing year over year?
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Zillow believes the evolution of the industry will only help it grow
Housing Wire
MAY 1, 2024
In a hostile housing market and a noisy industry environment, why is Zillow outperforming?” According to Barton, the “substance of the settlement” is a “very reasonable middle path forward for the industry, where commissions are communicated between sellers and buyers and both parties are better educated.” he posited.
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Why home prices haven’t crashed even with high mortgage rates
Housing Wire
DECEMBER 9, 2023
Here is the price cut percentage data for the same week in other years: 2023 38% 2022 42% 2021 27% As you can see, affordability is an issue, and the price cut percentage is higher now than in any period from 2015-2021, but still below 2022 levels. Last year, according to Altos Research , the seasonal peak for housing inventory was Oct.
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Housing inventory fell last week, but it won’t derail the spring bump
Housing Wire
APRIL 6, 2024
housing market, and we should ignore the decline last week. Number of new listings last week, by year: 2024: 54,769 2023: 55,008 2022: 63,374 Price-cut percentage In an average year, one-third of all homes take a price cut; this is standard housing activity. This variable can change when we experience a recession or job loss.
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Fewer homes will take a price cut in spring 2024
Housing Wire
JANUARY 6, 2024
I believe we should get more sellers in 2024 than in 2023, but that doesn’t necessarily mean home prices will fall. This is why following the housing market tracker tied to the 10-year yield, mortgage rates, and purchase application data will be as critical as last year to tell you what’s going on in the housing market.
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Flyhomes looks to grow via wholesale channel
Housing Wire
APRIL 1, 2024
While many proptech companies have struggled to adapt to the slower housing market conditions and challenging venture capital environment, Flyhomes is viewing this as a time to grow. This assessment is crucial to transition from the bridge loan to refinance after the sale of the departing residence.”
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Days on market grow despite low inventory for existing homes
Housing Wire
NOVEMBER 18, 2022
On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. I cheer because the savagely unhealthy housing market theme I talked about back in February of this year was the same premise of the housing reset talking point the Federal Reserve uses.
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Housing inventory growth slows to a halt
Housing Wire
NOVEMBER 11, 2023
That is the critical period for new listing data to grow; remember, most sellers are buyers. 9, 2023, we can retire this data, as this was the date I believed the housing market dynamics shifted last year. Weekly inventory change (Nov. 10) : Inventory rose from 566,882 to 566,941 Same week last year (Nov. If we start from Nov.
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Home Sales are Falling in Cuyahoga County While Prices Continue to Increase
Cleveland Appraisal Blog
MAY 18, 2023
I was talking to a real estate agent recently who said that her sellers are scared about a significant downturn in the market and missing out on the higher values. In April, we saw the lowest number of monthly single-family home sales in Cuyahoga County since 2015. (I The housing market is in a catch twenty-two.
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How will mortgage rates impact seasonal inventory in 2024?
Housing Wire
FEBRUARY 4, 2024
Weekly housing inventory data One substantial positive story for 2024 is that we have more housing inventory year over year. I am a very pro-housing supply person and will feel much better about the housing market when we return to pre-COVID-19 levels for total active listings. But at least it’s positive!
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Number of price cuts drops as housing inventory rises
Housing Wire
JANUARY 13, 2024
So let’s hope for more home sellers in 2024. Weekly housing inventory data Here is a look at the first week of the year: Weekly inventory change (Jan. Weekly housing inventory data Here is a look at the first week of the year: Weekly inventory change (Jan. 2022 21.7%
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Mortgage rates should drop below 7% as housing demand picks up
Housing Wire
DECEMBER 2, 2023
18): Inventory fell from 564,571 to 550,302 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 so far is 569,898 For context, active listings for this week in 2015 were 1,081,712 The one positive inventory story in 2023 is that we formed a bottom in the new listings data! Weekly inventory change (Nov.
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Opinion: the beginning of the mortgage ice age
Housing Wire
APRIL 29, 2022
Just like Earth, mortgage rates and housing markets are cyclic and we’re heading into another Ice Age. If I believe Twitter and the charts and graphs that show 2015 trends or 2020 trends or 1982 trends, I can’t help but to ask, what if these are not an indicator of today, but the beginning of a new normal?
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What will lower mortgage rates do to spring housing inventory?
Housing Wire
NOVEMBER 25, 2023
18): Inventory fell from 569,571 to 564,571 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 so far is 569,898 For context, active listings for this week in 2015 were 1,104,514 New listings data fell weekly but showed positive year-over-year growth. Weekly inventory change (Nov.
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The 2023 housing market bent, but didn’t break
Housing Wire
DECEMBER 23, 2023
housing market and that they need to be pro-housing again. Even with all the drama we have dealt with in 2022-2023, the housing market stayed intact and never broke. However, one thing is sure: from 2020 to 2023 we never saw credit-stressed home sellers. Weekly inventory change : (Dec.15-22)
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The Federal Reserve delivers lower rates for Christmas
Housing Wire
DECEMBER 16, 2023
Weekly inventory change : (Dec. 8-15) : Inventory fell from 546,424 to 538,767 Same week last year (Dec. Because we saw stability in 2023, I was looking for some flat to positive year-over-year growth in the data during the second half of the year.
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DataDigest: iBuyers slide farther from hyped market disruption
Housing Wire
NOVEMBER 8, 2023
Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. Opendoor set out on its disruptive journey in 2014, and Offerpad followed soon after in 2015.
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Mortgage rates, inventory and demand rise as price cuts fall
Housing Wire
JANUARY 20, 2024
Weekly housing inventory data Here is a look at the first week of the year: Weekly inventory change (Jan. Most sellers are buyers, and new listing data decreased after rates increased in 2022. 12-19) : Inventory rose from 505,223 to 506,414 Same week last year (Jan. So far, so good in 2024.
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Higher mortgage rates haven’t increased inventory
Housing Wire
AUGUST 20, 2023
The last thing we want to see is more sellers calling it quits faster than the current trend. Will higher rates extend the inventory season, or are we going into the traditional seasonal decline? This data line is very seasonal, and we’ve already started the seasonal decline.
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Logan Mohtashami’s 2023 housing market forecast
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 recession. That would be a positive for demand.
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The Atlanta Real Estate Market Explosion – 2012 to 2022
Hank Miller Team
MARCH 21, 2022
It’s hard to find a housing market not presently on fire, Atlanta is no different. Compared to a decade ago and the worst housing crisis ever, this market turn around improvement is among the tops in the country. Of course the wheels came off in March 2020 and sellers have held the controls since.
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Housing Market Tracker: Active listings barely budge
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. Can you imagine the housing market at that point?
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Houston Housing Market Forecast: Current Data & 2021 Predictions
Houston Properties
JANUARY 13, 2021
Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. KEY RESOURCES: Study Of How Previous Pandemics Affected The Real Estate Market.
Housing Market Tracker: Mortgage rates drop almost 1%
Housing Wire
APRIL 9, 2023
The housing market welcomed the news of lower mortgage rates last week after four reports showed that the labor market isn’t as tight as it seems and that the fear of 1970s-entrenched inflation was a lousy narrative. Current housing Inventory is still not suitable for a healthy housing market. but now U.S.
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Navigating capacity concerns amidst record-high volumes
Housing Wire
OCTOBER 26, 2020
Since launching in 2015, Xome has become a one-stop-shop for the entire real estate experience connecting every major touchpoint in the transaction process, from finding a home to closing the loan. As low mortgage rates continue to fuel the housing market, lenders are reporting record-breaking purchase and refinance volumes.
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New home sales battled scorching prices in April
Housing Wire
MAY 13, 2021
In March, Redfin reported almost two-thirds (63%) of people who bought a home in 2020 made an offer on a property they hadn’t seen in person, up from 32% a year earlier and the highest share since at least 2015. Lenders are also loosening credit, giving borrowers even more of a chance to grasp at the straws that remain on the market.
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The doxing saga of Michael Arrington’s Miami mansion?
Housing Wire
JANUARY 27, 2022
The home was originally designed in 2015 by Florida-based architect Cesar Molina. The sellers that Arrington bought the home from, purchased the home in November 2018 for $10.4 But in my experience, you don’t see it where it goes the distance, and somebody sues. Usually, it is just a threatening letter to scare you into stopping.”.
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The doxing saga of Michael Arrington’s Miami mansion?
Housing Wire
JANUARY 31, 2022
The home was originally designed in 2015 by Florida-based architect Cesar Molina. The sellers that Arrington bought the home from, purchased the home in November 2018 for $10.4 But in my experience, you don’t see it where it goes the distance, and somebody sues. Usually, it is just a threatening letter to scare you into stopping.”.
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RISING INFLATION, RATES TRIP UP HOUSING MARKET
Will Springer Realtor
JULY 8, 2022
The screeching you heard in June was the sound of brakes being applied to the housing market across the U.S. The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. Not really sure.”.
6 Reasons Why Now Is a Great Time to Sell Your Houston Home
Houston Properties
JULY 22, 2022
Get A FREE Home Valuation Enter your email to receive a free, easy to read seller's guide on how to sell your house in the shortest time for the most money. Additional Resources For Houston Home Sellers. You can also inquire how much your home needs work or get a marketing plan for your property. – Sarah Harris.
New home sales are at risk with rising mortgage rates ?
Housing Wire
MARCH 23, 2022
We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. As you can see below, the new home sales market from 2018-2022 doesn’t look like the housing market we had from 2002-2005.
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