Housing Wire

MARCH 25, 2024

I like to point out that consumers are more sensitive to changes in mortgage rates than to the absolute levels, and since rates are now basically unchanged for the month, just easing down from the early March peak of 7.2%, sellers and buyers are tip-toeing back into the market. Inventory will cross over 2020 levels by July.

New Listings 479

New Listings Inventory Contracts Sellers 479

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

MAY 6, 2024

By the end of the summer, it looks like inventory will finally be back above 2020 levels. In the video above, you can see in the inventory chart how this year’s trajectory is climbing and looks like it’ll cross the 2020 levels by July. More home sellers are coming back to the market each week.

Inventory 392

Inventory Contracts Sellers New Listings 392

Appraisal Buzz

MAY 17, 2024

New listings increased 1.7% Still, new listings were roughly 20% below pre-pandemic levels, in large part because many homeowners don’t want to sell, as they feel “locked in” by the low mortgage rate they scored during the pandemic. Active listings rose to the highest level since December 2020 in April.

New Listings 195

New Listings Inventory Sellers Housing Market 195

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

NOVEMBER 9, 2022

In the previous expansion, one of my long-term calls was that the MBA purchase application data will never hit the volume level of 300 until the years 2020-2024. Right on cue, 2020 came and we hit the 300 level. The years 2020-2024 were going to be the time when total home sales could finally reach 6.2 We are up 43% since 2020.

New Listings 467

New Listings Inventory Housing Market Sellers 467

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 22, 2024

In the nearby metro area of Cape Coral-Fort Myers , active single-family inventory over the previous 90 days averaged 6,500 listings as of March 15, above its March 2020 level of 5,044 listings and approaching its March 2019 level of 7,243 listings. Smith attributes the uptick in inventory to a bump in new listings.

Insurance 363

Insurance Inventory Marketing Real Estate 363

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

From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NAR Chief Economist Lawrence Yun. Mortgage rates spiked in March, and then the new listing data started to decline at the end of June.

Inventory 505

Inventory New Listings Housing Market Sellers 505

Housing Wire

AUGUST 7, 2023

Higher mortgage rates mean higher monthly payments, less affordability for home buyers and slightly fewer transactions. It started curving down, but in September the buyers stopped and inventory surged. It was that jump that stopped any buyers cold — the moment of change where people stopped buying.

Inventory 282

Inventory New Listings Contracts Buyers 282

Housing Wire

MARCH 29, 2024

Buyers are still buying and sellers are still selling. We definitely noticed a downturn last year, which coincided with interest rates going up, and buyers just put the brakes on things and wanted to wait to see what was going to happen. It is going to be a more popular homebuying season for first-time buyers,” Losey said.

Housing Market 353

Housing Market Agents Marketing Inventory 353

Housing Wire

FEBRUARY 19, 2021

Lawrence Yun, chief economist for the National Association of Realtors , said last month that he expected momentum to carry over from the end of 2020. million homes were sold in 2020, up 5.6% 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.”

Inventory 542

Inventory Sellers Real Estate Buyers 542

Housing Wire

JUNE 17, 2021

The report also shows the housing market also set new records for home-selling speeds and competition, although seasonally adjusted home sales and new listings flattened from April. “Sellers are still squarely in the drivers’ seat, but buyers have hit a limit on their willingness to pay. . from April.

Housing Market 525

Housing Market New Listings Sellers Buyers 525

Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” Both buyers and sellers are coming back to the market,” Fischer said. 23, 2024, the 90-day average for single family listings in the state was 9,927, down from 14,314 single family listings in late February 2020. “It

Housing Market 395

Housing Market Marketing Inventory Construction 395

Housing Wire

DECEMBER 7, 2022

These were forced credit sellers, which means these sellers don’t sell to buy a home like a traditional seller does. Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. As we can see below, none of that is happening today because the seller isn’t stressed.

Housing Market 540

Housing Market Mortgage Marketing Inventory 540

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

JULY 13, 2021

bidding-war rate Redfin saw in June 2020, when the housing market was starting to rebound from a temporary standstill triggered by pandemic shutdowns, said Laura Sechrist Molenda, a Redfin real estate agent based in Southern California. But recently, we’ve started to see buyers get cold feet. in May and a peak of 74.1%

Inventory 493

Inventory Housing Market Real Estate Agent Buyers 493

Housing Wire

APRIL 30, 2023

Weekly housing inventory Since new listing data was trending at all-time lows in 2023, some feared we wouldn’t see the typical spring inventory increase. After the last few weeks , we can put that fear aside: we are finally getting the seasonal increase in active listing. didn’t go into recession until 2008.

Inventory 510

Inventory Housing Market Marketing New Listings 510

Housing Wire

JANUARY 20, 2023

The lack of sellers is also a demand problem and what we saw after June of 2022 is that sellers called it quits earlier and faster in the year than usual, resulting in total existing home sales totaling 5,030,000 to end 2022. During that period, we saw new listing data decline.

Inventory 536

Inventory Housing Market New Listings Marketing 536

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

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. regions while falling in the West.

Housing Market 401

Housing Market Marketing Inventory Buyers 401

Housing Wire

SEPTEMBER 22, 2022

With the home-price growth we had in 2020 and 2021, my five-year price-growth model that I set for 2020-2024 of 23% was already smashed in just two years. Since the summer of 2020, I have talked about what could change the housing market, which was a 10-year yield above 1.94%, which means rates over 4%. million in August.”

Inventory 437

Inventory Housing Market New Listings Mortgage 437

Housing Wire

MAY 21, 2021

Despite the decline, housing demand is still strong compared to one year ago, evidenced by existing home sales from this January to April, which are up 20% compared to 2020. from April 2020 as every region recorded a price increase. month supply and down from the 4-month supply recorded in April 2020. .” from April 2020.

Inventory 413

Inventory Buyers New Listings Marketing 413

Housing Wire

FEBRUARY 27, 2023

We created the weekly Housing Market Tracker because housing data has been so wild since 2020. 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.

Housing Market 398

Housing Market Marketing Inventory New Listings 398

Will Springer Realtor

MAY 9, 2023

The chart (below) puts it in sharp focus: Except for the pandemic year of 2020 when there were 2559 new listings that April, last month was the slowest April since at least 2008 when easy access to Northwest Multiple Listing Service data became available. Where are all the sellers? There are 1.7 on the Eastside.

New Listings 59

New Listings Inventory Buyers Sellers 59

Housing Wire

NOVEMBER 18, 2022

When I outlined my 23% five-year growth model for 2020-2024, it was to have a marker for when price growth got too hot. However, I knew the years 2020-2024 would see better demand from the bump in demographics. Seasonal impacts are the norm with housing, and new listing data is negative 6% year to date.

Inventory 459

Inventory Marketing Housing Market New Listings 459

Housing Wire

JANUARY 20, 2023

“With the exception of May 2020, when the pandemic had virtually shut down housing market activity, this is the lowest level of monthly home sales in 12 years.” December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates,” Lawrence Yun, NAR’s chief economist, said in a statement.

Inventory 338

Inventory Housing Market Realtors Buyers 338

Housing Wire

JULY 26, 2022

The market’s insatiable demand for real estate, combined with low interest rates and even lower inventory, created a feeding frenzy that drove insane bidding wars, sent home prices skyrocketing, and frustrated many would-be home buyers. As mortgage rates spiked this year, buyer demand stopped abruptly and inventory has risen quickly.

Inventory 354

Inventory Sellers Buyers Marketing 354

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

FEBRUARY 6, 2023

Prior to the pandemic, buyers paid closer to 0.5 points on average, with a corresponding cost of about $1,500, in 2018 through 2020. “On 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.

Inventory 380

Inventory Mortgage New Listings Home Value 380

Housing Wire

JANUARY 29, 2021

. “Greater participation of sellers and builders in the months ahead will make home sales possible while easing some of the pressure on price growth, which is currently rising at a double-digit percent rate and has been for almost six months.” million in 2020. million in 2021, Yun said. That would be a 15% increase from 5.64

Contracts 529

Contracts Real Estate Housing Market Technology 529

Housing Wire

MAY 21, 2021

“But there may be signs that some buyers would rather spend their money on restaurants, vacations, and other things they have held back on for the past year, instead of on housing now that the threat of the pandemic is dissipating in America.” 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 24, 2022

The price of new listings is dropping. Home buyers got spooked when mortgage rates passed 5.5%. In April, May and June, when rates spiked dramatically from 3% to 6%, we saw inventory rise as buyers pulled back. At this point, buyers actually perked up a bit and got more active. As soon as rates spiked above 5.5%

Real Estate 308

Real Estate Marketing Inventory Sellers 308

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 30, 2022

My observation post-2020 is that many people have never read the total housing inventory data because we still have people who say active listings aren’t low or that it’s fake news. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5 million listings.

Inventory 381

Inventory New Listings Law Housing Market 381

Housing Wire

FEBRUARY 6, 2023

28 – Feb 4 ): Fell from 271,954 to 255, 662 One of the concerns I have had with the housing market is the post-2020 inventory channel, which took us to all-time lows. Now that rates are above 6%, we don’t see the same type of housing inflation data we had from 2020 up until rates broke over 5.875% in 2022.

Inventory 434

Inventory Housing Market Marketing New Listings 434