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Housing inventory gone wild

Housing Wire

The last four weeks of new listings data have been the most volatile since mortgage rates breached 6% in 2022. One week, we had the biggest decline in new listings data all year, which might indicate Americans are giving up on listing their homes. What’s going on with housing inventory ? 18: 60,295 Aug.

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Empty cupboards: The US has 39% fewer homes for sale than in 2018

Inman

New listings dropped 23 percent year over year, pulling the number of homes on the market down 39 percent compared to the same period five years ago, according to an analysis by Redfin issued Thursday.

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Even with low inventory, expect a strong 2021 housing market

Housing Wire

Total home sales are outpacing new listings by a wide margin every month, and real estate tech company Homesnap foresees the shortage continuing in 2021 unless more sellers enter the market. The divide between supply and demand is striking: compared to last year, total new listings increased.22%,

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Mike Simonsen: How rising rates impact the housing market

Housing Wire

The price of new listings continues to rise, which is a very bullish indicator for sales prices in the coming months. Fortunately we have 2018 as a guide to understand the impact of rising interest rates on the housing market in 2022. From September 2017 through November 2018, the 30-year mortgage rate rose from 3.8%

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Mortgage rates get close to the yearly high of 7.49%

Housing Wire

On housing inventory , new listings data saw a small decline last week, but active listings grew at a healthy clip. We have had some volatile weekly numbers in the new listings data recently, but even with the mortgage rate spike, the decline was orderly, as it has been all year.

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Why purchase application data is below 2008 levels

Housing Wire

We saw this happen in 2013-2014 and 2018-2019. Since the end of June, we have seen that the home seller called it quits earlier this year than usual, and now the new listing data is negative year to date. 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 drops by 11,000

Housing Wire

Weekly inventory fell much more than the previous two weeks, down 11,021; new listing growth had its lowest weekly calendar print for this previous week. The new listing data had its lowest weekly print ever, down slightly from last year but more noticeably from what we traditionally saw in the previous decade.

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