Housing Wire

MARCH 22, 2024

According to data from Altos Research as of March 15, the 90-day average number of single-family active listings in the Naples-Marco Island metro area was 2,362, up from 1,605 one year earlier but down from the 3,760 listings recorded in late March 2019 prior to the COVID-19 pandemic. In comparison, the average U.S.

Insurance 363

Insurance Inventory Marketing Real Estate 363

Housing Wire

MARCH 6, 2024

Bad for sellers Prospective home sellers may not notice incremental changes in mortgage rates. percentage points—sellers take notice. Facing these realities, many would-be sellers decide to stay put. This is clear in the chart below, which shows the year-over-year percent change in the four-week average of new listings.

Mortgage 381

Mortgage Sellers New Listings Buyers 381

Housing Wire

FEBRUARY 20, 2024

Even as money is more expensive and there are more sellers than a year ago, we can also see slight home sales growth over 2023. New listings rise New listings continue to show us that more sellers are interested in this market this year. Is new supply growing out of balance with demand?

Mortgage 481

Mortgage Inventory Sellers New Listings 481

Housing Wire

SEPTEMBER 13, 2022

Typically we have a natural set of new listings each year; inventory rises in the spring and summer and then falls in the fall and winter. It wasn’t the rate move that caught my attention — it was the new listing data. As you can see below, that sharp move to 6.25% caused new listing data to stall at first.

Mortgage 513

Mortgage Inventory New Listings Sellers 513

Housing Wire

MARCH 18, 2024

While inventory is growing across the country, some markets are way more impacted and already have more homes on the market than in 2019 or 2020 just before the pandemic. Lower rates mean more buyer competition and less unsold inventory. New listings Last week, 59,000 new single-family listings came to market.

Inventory 384

Inventory New Listings Sellers Contracts 384

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. Sold homes were listed for a week or less in 17 major metros.

Housing Market 376

Housing Market Inventory Buyers New Listings 376

Housing Wire

MAY 8, 2024

Since most sellers are buyers, inventory should be stable if demand is stable. Now, nobody is listing their homes to sell and buy unless they’re 100% pre-qualified. On top of more legitimate buyers, we fixed the credit markets, meaning housing credit looks fantastic. So you can see why we have so few stressed sellers.

Inventory 416

Inventory Law New Listings Sellers 416

Housing Wire

MAY 6, 2024

But it’ll take several more years of elevated mortgage rates before inventory builds back to pre-pandemic levels of 2019 or earlier. New listings There were 71,000 new, unsold listings of single-family homes across the country this week. More home sellers are coming back to the market each week.

Inventory 392

Inventory Contracts Sellers New Listings 392

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

DECEMBER 3, 2020

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%,

Inventory 546

Inventory Housing Market Marketing New Listings 546

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. We saw this happen in 2013-2014 and 2018-2019. New listing data is down 5% year to date, as you can imagine. Right on cue, 2020 came and we hit the 300 level.

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New Listings Inventory Housing Market Sellers 467

Housing Wire

JANUARY 13, 2024

So let’s hope for more home sellers in 2024. 6-13): Inventory rose from 471,349 to 473,406 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 is 569,898 For context, active listings for this week in 2015 were 931,002 I don’t want to jinx this because active inventory rose last year at this time. 2022 21.7%

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Inventory New Listings Retail Mortgage 519

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

DECEMBER 21, 2022

.” 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. Since the credit standards have improved post-2010, we shouldn’t see distressed sellers until a job loss recession happens, even if sales fall noticeably.

Inventory 505

Inventory New Listings Housing Market Sellers 505

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

Will Springer Realtor

AUGUST 15, 2023

Ah, for the good old days of 2019 – when we could stomach home prices closer to the mid-million-dollar mark and housing options were somewhat plentiful amid a mildly competitive buyer environment. King County new listings fell 13% from June to July (2158), led by a 20% slide in Seattle (690). on the Eastside.

Sellers 60

Sellers Buyers New Listings Inventory 60

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

JULY 13, 2021

But recently, we’ve started to see buyers get cold feet. Two of my buyers just had their offers accepted because the sellers’ first buyers backed out. The market is still competitive, but buyers are more trepidatious than they were at the start of 2021, and less willing to pull out every stop in order to win.”

Inventory 493

Inventory Housing Market Real Estate Agent Buyers 493

Housing Wire

FEBRUARY 27, 2023

Weekly housing inventory decreased by 6,801, while new listing data is still negative year-over-year. I call this rate lock risk, where some buyers don’t qualify or don’t want to continue the purchase until rates fall again. Rates spiking almost 1% in mere weeks is damaging because it can take some previous buyers out of play.

Housing Market 398

Housing Market Marketing Inventory New Listings 398

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. This is not a positive for the housing market.

Inventory 459

Inventory Marketing Housing Market New Listings 459

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. 2019 is being used as a reference point since 2020 data is skewed by the pandemic.). . 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

OCTOBER 20, 2022

Mortgage rates were 7.22% for conforming and 6.15% for jumbos at Mortgage News Daily on Wednesday, a spread of 107 bps. Buyers, builders and sellers take a step back as inflation persists . Sellers are responding to the shift in the market and pulling back on listing activity, resulting in a 9.8% The annual U.S.

Mortgage 393

Mortgage Sellers Buyers New Listings 393

Housing Wire

FEBRUARY 21, 2023

NAR Research : First-time buyers were responsible for 31% of sales in January; Individual investors purchased 16% of homes; All-cash sales accounted for 29% of transactions; Distressed sales represented 1% of sales; Properties typically remained on the market for 33 days. that don’t have inventory near 2019 levels.

Housing Market 401

Housing Market Marketing Inventory Buyers 401

Housing Wire

APRIL 22, 2024

We negotiated to get the sellers the highest price possible. 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! Many of us are in sellers’ markets with very low inventory.

Real Estate 334

Real Estate Open Houses Brokerage Real Estate Agent 334

Housing Wire

JUNE 7, 2022

That’s according to Black Knight , which just released a white paper that studies how long it would take to sell all the homes currently listed for sale in a given market based on a prevailing sales rate, if no new listings are added (a metric it calls “months of remaining inventory”). year over year.

Inventory 413

Inventory Housing Market Investors Sellers 413

Housing Wire

SEPTEMBER 22, 2022

Existing home sales have more legs to go lower, especially now that new listing data is falling. A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well.

Inventory 437

Inventory Housing Market New Listings Mortgage 437

Housing Wire

AUGUST 27, 2020

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 Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”.

Contracts 477

Contracts Realtors New Listings Real Estate 477

Housing Wire

AUGUST 21, 2023

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. And every uptick in mortgage rates leads to a downtick in the number of home buyers in the market.

Inventory 369

Inventory Contracts Buyers Sellers 369

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

Housing Wire

MARCH 6, 2023

Growing supply shortages are holding housing prices higher, and affordability constraints coupled with elevated rates lock potential sellers in place. 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. Months of supply stagnated at about 3.1

Housing Market 374

Housing Market Marketing Inventory Sellers 374

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

Housing Wire

FEBRUARY 6, 2023

Prior to the pandemic, buyers paid closer to 0.5 While buyers seem to be returning to the market early in 2023, purchase loans locked in January are still off by 13% compared to the 2018 and 2019 pre-pandemic levels. For those looking to pull cash out of their homes, the cost was nearly twice that, with an average of 2.06

Inventory 380

Inventory Mortgage New Listings Home Value 380

Housing Wire

JULY 17, 2023

But since January, home buyers have defied all expectations. Sellers have not materialized, and buyers have been buying everything that becomes available. The peak of inventory for 2023 so far was the week of the New Year — that is insane. We could see inventory from distressed sellers emerge in 2025.

Real Estate 283

Real Estate Marketing Inventory Contracts 283

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. The median price of the new listings this week is $399,900.

Inventory 341

Inventory Contracts Buyers Mortgage 341

Housing Wire

AUGUST 3, 2022

We saw this in 2013-2014 and 2018-2019. million to the lows of January 2019 at 4.98 They have to move as well, so a traditional seller is a buyer most of the time when it’s a primary resident owner. The downside of rates moving up so quickly is that some sellers pull the plug until rates are better. million to 5.12

Mortgage 498

Mortgage Inventory Sellers Housing Market 498

Housing Wire

FEBRUARY 8, 2024

Kingsbury said homes at lower price points have the largest buyer pools and are frequently subject to the stiffest competition. We have a lack of inventory, like a lot of communities, and it goes back to around 2019,” Van Cleve said. According to Altos Research, the city of Peoria had only 345 active single-family listings as of Feb.

Inventory 371

Inventory Agents Housing Market Luxury Properties 371

Housing Wire

JULY 24, 2023

The trends in this chart show how quickly home buyers reacted to the big mortgage rate jumps in 2022. 450,000 is a psychological threshold for sellers and prices tend to cluster around these big numbers. The median price of the new listings is $400,000 this week. The median price of the new listings is $400,000 this week.

Inventory 285

Inventory Contracts New Listings Buyers 285