Housing Wire

MAY 22, 2024

So, unless mortgage rates drop fast and demand picks up, inventory should have an average year of growth before the seasonal decline. Looking at the chart above, inventory started growing late this year, but it seems normal compared to 2017-2019. We have had two times recently when mortgage rates dropped more than 1%.

Inventory 449

Inventory New Listings Housing Market Contracts 449

Housing Wire

MARCH 11, 2024

Last fall when people were still expecting mortgage rates to be falling this year, it was common to assume rates would be in the low 6s or 5s this year and people asked me if lower rates would bring a flood of inventory. The only way inventory would grow in 2024 is if mortgage rates climbed. But the evidence is the opposite.

Inventory 499

Inventory New Listings Sellers Real Estate 499

Housing Wire

JANUARY 12, 2023

compared to December 2019 and 38.2% compared to the December 2017-2019 average. “In In December, we saw both buyers and sellers pulling back as they continue to adjust to a challenging market,” Danielle Hale, Realtor.com’s chief economist, said in a statement. below its pre-pandemic 2019 level. compared to December 2019.

Inventory 518

Inventory Buyers New Listings Sellers 518

Housing Wire

MAY 28, 2021

“We are seeing a typical late-spring slowdown in new listings and pending sales, but prices don’t typically peak until late August, and their growth remains completely unhinged,” said Daryl Fairweather, Redfin’s chief economist. For the week ending May 27, 30-year mortgage rates fell slightly to 2.95%.

Buyers 413

Buyers Real Estate Agent Real Estate Inventory 413

Housing Wire

MAY 8, 2024

After 2010, qualified mortgage laws were in place, meaning everyone getting a mortgage has to be able to repay the loan. You can see the drastic change this made in the Mortgage Bankers Association Credit Availability index , below, which skyrocketed in 2005 and 2006 before an epic collapse in 2008.

Inventory 416

Inventory Law New Listings Sellers 416

Housing Wire

MARCH 18, 2024

At the time, I observed that even if mortgage rates stayed flat, the momentum seemed to be in the cards for broad, slow growth in the market. However, mortgage rates didn’t stay flat. 1 and as of today, March 18, mortgage rates are 30-40 basis points higher than Jan. This week in 2022 was the last of the 3% mortgages.

Inventory 384

Inventory New Listings Sellers Contracts 384

Housing Wire

DECEMBER 2, 2021

During the four week period ending November 28, the number of active listings was a 23% decrease compared to the same time period in 2020 and a 42% drop compared to 2019. The number of new listings was also down compared to 2020, dropping 4%, but it was 12% higher than the number of new listing during the same time period in 2019.

Inventory 502

Inventory New Listings Contracts Housing Market 502

Housing Wire

APRIL 15, 2024

These metros also continue to grapple with below-average inventory recovery, maintaining pressure on buyers. New Orleans, San Antonio, Tampa, Orlando and Jacksonville are among the locales that posted the slowest month-over-month price growth in March. ” Competition is stiff for attractive listings.

Housing Market 376

Housing Market Inventory Buyers New Listings 376

Housing Wire

OCTOBER 20, 2022

Mortgage rates have more than doubled from the beginning of the year and homebuyers facing affordability challenges are increasingly turning to adjustable-rate mortgages (ARMs) to reduce their monthly payments. The Freddie Mac’s index compiles purchase mortgage rates reported by lenders during the past three days.

Mortgage 393

Mortgage Sellers Buyers New Listings 393

Housing Wire

FEBRUARY 27, 2023

The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. Weekly housing inventory decreased by 6,801, while new listing data is still negative year-over-year. However, we are noticeably down from the 2019 levels.

Housing Market 398

Housing Market Marketing Inventory New Listings 398

Housing Wire

JANUARY 13, 2024

As you can see, we are still a bit away from my ultimate goal of having total active listings back to 2019 levels. However, this data line accelerates when mortgage rates rise and demand gets hit harder. We can grow new listings from these depressed levels and get more demand. 2022 21.7%

Inventory 519

Inventory New Listings Retail Mortgage 519

Housing Wire

NOVEMBER 9, 2022

million, something that couldn’t happen from 2008-2019 because we didn’t have the demographic profile to get to that level until household formation grew. In the summer of 2020, I talked about how the housing market would change, but it needed the 10-year yield to break over 1.94%, which roughly means 4% plus mortgage rates.

New Listings 467

New Listings Inventory Housing Market Sellers 467

Housing Wire

MAY 24, 2021

. “With little supply in the market, homes typically sold within 17 days — down from 27 days one year ago, as buyer competition heats up,” NAR said in a statement. “The share of first-time buyers decreased to 31% from 32% in the prior month, and 36% one year ago. 25% of all sales were cash sales, per the report.

Realtors 471

Realtors Buyers Housing Market New Listings 471

Housing Wire

MAY 21, 2021

Pending sales for the seven-day period ending May 16 were down 10% from four weeks prior, compared to an 8% increase during the same period in 2019. Mortgage purchase applications also decreased 4% week over week. 2019 is being used as a reference point since 2020 data is skewed by the pandemic.). .

Housing Market 539

Housing Market Marketing New Listings Mortgage 539

Housing Wire

AUGUST 3, 2022

To say that mortgage rates have been on a wild Mr. Toad’s ride in 2022 is an understatement. People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% 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. million to 5.12

Mortgage 498

Mortgage Inventory Sellers Housing Market 498

Housing Wire

MAY 4, 2023

On the one hand, elevated mortgage rates continue to erode buyers’ purchasing power, and in some markets, home prices are falling. The number of new listings coming on the market this spring is lower than it has been in more than a decade. Sales and new pending contracts are below pre-pandemic levels.

Housing Market 387

Housing Market Marketing Inventory Buyers 387

Housing Wire

OCTOBER 11, 2022

To top it all off, we started 2022 at all-time lows, forcing bidding action everywhere until mortgage rates rose. And we aren’t talking about your grandfather’s mortgage rates rising; we went from 2.5% million active listings, but at just 1.28 to over 7% in a very short period of time. million today.

Sellers 498

Sellers Inventory Housing Market New Listings 498

Housing Wire

JANUARY 22, 2024

Indianapolis, which had 880,600 residents as of July 2022, offers a very strong and steady real estate market that attracts buyers looking for a more affordable lifestyle. In November of 2019 the number of single-family homes for sale was at 6,000. Indianapolis is more affordable than much of the country.

Housing Market 386

Housing Market Marketing Logistics Real Estate 386

Housing Wire

NOVEMBER 18, 2022

I didn’t have to worry about this in the previous expansion — as my long-term work stated for a decade, the years 2008-2019, would have the weakest housing recovery ever. This article , which I wrote in 2019, does show you the historical work in the past decade on the housing bubble talk. NAR lists the current inventory at 1.22

Inventory 459

Inventory Marketing Housing Market New Listings 459

Housing Wire

MAY 6, 2024

As mortgage rates stay elevated and the number of unsold homes on the market grows — especially in the South — the leading indicators for future home sales prices continue to be softer than the current headlines suggest. That can change if mortgage rates fall dramatically, but the current trends show weakening home prices, not strengthening.

Inventory 392

Inventory Contracts Sellers New Listings 392

Housing Wire

FEBRUARY 7, 2024

With mortgage rates briefly topping 8% and home prices breaking records throughout the year, many would-be sellers simply decided not to bother listing their homes, exacerbating already tight inventories. New data from the U.S. Mortgage rates followed suit, walloping buyers’ purchasing power.

Inventory 383

Inventory Sellers Mortgage Marketing 383

Housing Wire

JULY 20, 2021

Mortgage applications for new home purchases in June decreased 3% from May and 23.8% year over year, suggesting a slowdown in the housing market, according to a recent report from the Mortgage Bankers Association. In 2018-2019, total housing market inventory was in the range between 1.52 in May and a peak of 74.1%

Housing Market 493

Housing Market Marketing Inventory Construction 493

Housing Wire

DECEMBER 21, 2022

. “The principal factor was the rapid increase in mortgage rates, which hurt housing affordability and reduced incentives for homeowners to list their homes. ” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well.

Inventory 505

Inventory New Listings Housing Market Sellers 505

Housing Wire

SEPTEMBER 22, 2022

Even though this was a beat of estimates, the sales decline trend due to higher mortgage rates and home prices continues. The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . I am a big fan of inventory to 2019 levels.

Inventory 437

Inventory Housing Market New Listings Mortgage 437

Housing Wire

APRIL 3, 2023

Declining mortgage rates could have improved affordability for buyers in the housing market in February, but instead spurred a demand that, combined with a persistent lack of inventory across the U.S., In addition, 47 of 50 markets saw their active listing count decline that month. put more pressure on home prices.

Inventory 389

Inventory New Listings Housing Market Mortgage 389

Housing Wire

FEBRUARY 21, 2023

Last June, the Federal Reserve said it wanted a housing reset , which meant it wanted higher mortgage rates to destroy the housing market. This would give the housing market a buffer in supply, just in case mortgage rates fall again. that don’t have inventory near 2019 levels. We will bounce from this level, but context matters.

Housing Market 401

Housing Market Marketing Inventory Buyers 401

Housing Wire

FEBRUARY 6, 2023

Home prices growth and mortgage rates have come down from the peaks in 2022, but affordability still remains a challenge. Purchase borrowers, who now make up 82% of new rate locks, paid an average of 1.16 Prior to the pandemic, buyers paid closer to 0.5 Purchase locks in the third week of January made up 81.7%

Inventory 380

Inventory Mortgage New Listings Home Value 380

Housing Wire

MARCH 14, 2022

The price of new listings continues to rise, which is a very bullish indicator for sales prices in the coming months. That being said, if interest rates continue to rise, we may see some small shifts in the market, and a short window of opportunity for eager buyers. If your mortgage is at 3%, 4%, or even 6%(!)

Housing Market 457

Housing Market Marketing Inventory Investors 457

Housing Wire

AUGUST 1, 2023

Even as mortgage rates rose, and affordability was pushed out of reach for many potential homebuyers, there are still sufficient buyers who can afford these prices and these rates. The number of buyers has been surprising. After the mortgage rate spike in September 2022, we got significantly more bearish on home prices for 2023.

Inventory 341

Inventory Contracts Buyers Mortgage 341

Housing Wire

AUGUST 27, 2020

in July, the third consecutive month of gains, fueled by low mortgage rates and unprecedented demand from consumers. year over year, largely on the back of pent-up demand from buyers who were unable to strike deals during the spring, said Lawrence Yun, chief economist of the National Association of Realtors. “We million, a 1.1%

Contracts 477

Contracts Realtors New Listings Real Estate 477

Housing Wire

JANUARY 29, 2021

from December 2019, with all regions (Northeast, Midwest, South, West) reaching double-digit year-over-year increases. There is a high demand for housing and a great number of would-be buyers, and therefore sales should rise with more new listings,” Yun said. pending home sales dipped to the tune of 0.3%

Contracts 529

Contracts Real Estate Housing Market Technology 529

Boston Appraisal

JULY 22, 2019

have dramatically risen, reaching a record high in early 2019. With this apprehension in mind, we’ll discuss some of the things to expect from the housing market in the second half of 2019, going into 2020. The Housing Market Is Going Strong… for Now The year 2019 started with a bang, and this wasn’t even news.

Marketing 78

Marketing Housing Market Real Estate Buyers 78

Boston Appraisal

JULY 22, 2019

have dramatically risen, reaching a record high in early 2019. With this apprehension in mind, we’ll discuss some of the things to expect from the housing market in the second half of 2019, going into 2020. The year 2019 started with a bang, and this wasn’t even news. Index Points in April of 2019.

Marketing 78

Marketing Housing Market Real Estate Buyers 78

Housing Wire

MARCH 6, 2023

Home prices fell in January, pulling back by 0.24% from December to mark the smallest monthly decline in seven months, according to Black Knight ‘s mortgage monitor report. 25, purchase lock counts were 21% below the same week in 2019, and 30% below the levels during the same week in 2018. As of the week ending Feb.

Housing Market 374

Housing Market Marketing Inventory Sellers 374

Housing Wire

AUGUST 21, 2023

Mortgage rates only kept climbing in the last week. Buyers in this real estate market notice these affordability changes, and so we can see in the data fewer home purchase offers, slightly climbing unsold inventory, and slightly more price reductions for the homes that are on the market. Rising rates make more inventory.

Inventory 369

Inventory Contracts Buyers Sellers 369

Housing Wire

JANUARY 9, 2023

So, is this the traditional seasonal decline we see during every December/January, or have falling mortgage rates (since mid November) contributed to this? Before these two weeks, purchase applications had seven weeks of positive data, tracking with the drop in mortgage rates from 7.37% in November to 6.12%. Historically, the U.S.

Inventory 519

Inventory Housing Market Marketing New Listings 519

Housing Wire

FEBRUARY 19, 2021

from 2019 and the most since before the Great Recession. Home sales continue to ascend in the first month of the year, as buyers quickly snatched up virtually every new listing coming on the market.” Today, both sellers and buyers expect to handle a majority of the process online. A total of 5.64

Inventory 542

Inventory Sellers Real Estate Buyers 542