Housing Wire

MARCH 29, 2024

It is nearly April, which means temperatures in the Austin metropolitan area are heating up — and so is the housing market. The market is still strong,” said Wendy Cash, a broker at Austin area-based Century 21 Hellmann Stribling. “The Buyers are still buying and sellers are still selling.

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Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. Here’s a quick rundown of the last week: Active listing rose 8,260 week to week, down a bit from last week’s gain, but I’m not complaining — anything on the plus side is positive.

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Inventory Housing Market Marketing New Listings 510

Housing Wire

MAY 7, 2023

Just when I thought it was safe to say we were getting more traditional spring housing inventory , we hit a snag last week, as active inventory and new listings declined. However, one thing is for sure, housing is not going to crash due to large-scale panic-selling — a scare tactic of late 2021 that didn’t work then or now.

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Inventory Housing Market Marketing New Listings 482

Housing Wire

APRIL 23, 2023

Can we now say that the housing market ‘s spring selling season is finally underway? Here’s a quick rundown of the last week: Active listings rose by 8,546 , and new listing data showed some growth. The red line is where NAR believes a balanced market is, at six months of supply.

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Inventory Housing Market Marketing New Listings 543

Housing Wire

MAY 22, 2024

The other data line that is small but steady year-over-year is the new listings data, and if most sellers are buyers, that gives us more demand than in 2023, when new listings were trending at the lowest levels ever. I love that new listings data is growing yearly, but it’s been too light for me.

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Inventory New Listings Housing Market Contracts 449

Housing Wire

MAY 28, 2023

Here’s a quick rundown of the last week: Active inventory grew 8,914 week to week, even though new listing data is still trending at all-time lows in 2023. And on Wall Street, many traders were short the bond market, meaning that a lot of speculative trades were made betting that bond yields would quickly go higher.

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Housing Market Mortgage Marketing Inventory 487

Housing Wire

JANUARY 29, 2021

Realtor.com’s Housing Market Recovery Index showed significant contract growth, specifically in Portland, Las Vegas, Denver, Los Angeles, and Boston. 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. million in 2021, Yun said.

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Housing Wire

MARCH 18, 2021

Home prices have skyrocketed in the past year, and data from Redfin backs up what buyers, sellers, and agents have known for months. by the end of 2021. New home applications are down as well, as builders are still struggling with smaller-than-normal crews and expensive materials that are hard to procure.

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Buyers Sellers Inventory New Listings 545

Housing Wire

JUNE 25, 2023

However, the real positive story here is that even with new listing data trending at an all-time low, we are getting the growth in active listings we traditionally see in the spring and summer. In addition, new listing data turned negative year over year after the second half of 2022.

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Inventory Housing Market Marketing New Listings 404

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. Purchase application data There is no way around this story; we had a solid streak from Nov.

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Housing Market Marketing Inventory New Listings 398

Housing Wire

APRIL 19, 2024

Redfin defined luxury homes as those estimated to be in the top 5% of their metro area based on market value, while non-luxury homes are those with estimated values in the 35th to 65th percentile. High-end buyers tend to be more immune to mortgage rate fluctuations and flock to the luxury housing market. year over year.

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Luxury Properties New Listings Buyers Housing Market 406

Housing Wire

FEBRUARY 26, 2024

Meanwhile, homeowners association (HOA) fees multiplied for many condo buildings in the aftermath of the 2021 Surfside condo collapse. In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs.

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Housing Wire

MARCH 26, 2023

The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. Active inventory fell 1,109, and new listing data made a lovely comeback week to week but was still noticeably down year over year. In a regular market, they would be closer to 5.25%.

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Housing Wire

MAY 28, 2021

More than half of homes (51%) have sold above their listing price in the four week period ending May 23, 2021 — up from 26% one year ago, according to a recent study by Redfin. Numerous other sales records were also set, including the median home sale price ($354,250) and number of days on the market (17, down from 36 one year ago).

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Buyers Real Estate Agent Real Estate Inventory 413

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. million in October.

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Inventory Marketing Housing Market New Listings 459

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. “Last year was the strongest year in the housing market for new home sales in over a decade,” he said.

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Housing Wire

MARCH 6, 2024

Armed with data from HousingWire sister company Altos Research , we can see in minute detail how the housing market responded to the recent 7%-and-higher rate environment and what the market may see again soon. This is clear in the chart below, which shows the year-over-year percent change in the four-week average of new listings.

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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. We had new listings growth from 2021 to 2022, but that’s not the case this year.

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Inventory Housing Market Marketing New Listings 447

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. Today, the Federal Reserve achieved its primary goal; the days on the market are now above 30 days, which was the most important data line to get housing back to somewhat normal.

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Housing Wire

NOVEMBER 25, 2023

Lower mortgage rates tend to take housing supply off the market and demand has been picking up lately as rates have fallen. Instead, let’s look at the future: If the 10-year yield can break under 4.34% with some kick from bond buyers, we have an excellent shot at getting under 7%. Weekly inventory change (Nov.

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Inventory Mortgage New Listings Buyers 521

Housing Wire

DECEMBER 9, 2023

Naturally, some people thought home prices would crash in 2023 as many market players said prices always follow volume. What 2023 data has shown me is that even with mortgage rates heading toward 8%, new listings data didn’t take a new leg lower — it stayed remarkably consistent all year long.

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Mortgage Inventory New Listings Sellers 517

Housing Wire

MARCH 19, 2023

The housing market was crazy again last week. New listing data collapsed, but we are putting an asterisk on that data line for this week. This assumes the spreads are wide as the mortgage-back securities market is still very stressed. This bond market is screaming at the Fed to cut rates.

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Housing Market Marketing Inventory New Listings 368

Housing Wire

NOVEMBER 16, 2023

New findings from the National Association of Realtors (NAR) show a fresh picture of who’s buying and selling homes, with more first-time buyers entering the market and families looking for homes that fit multiple generations. For real estate professionals, the changing landscape is a call to action.

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Housing Wire

DECEMBER 28, 2022

This article is part of our 2022-23 Housing Market Forecast series. The last time we saw prices decline, the combination of declining prices and bad mortgages forced inventory onto the market. This time, declining prices are likely tempering the pace of inventory going onto the market rather than accelerating.

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Housing Market Marketing Inventory Mortgage 482

Housing Wire

JANUARY 9, 2023

The housing market saw inventory fall 4% last week from the week before. Traditionally, we do see housing inventory fall in the month of December, however, we clearly saw in the second half of 2022 that higher rates created more days on the market and inventory was lingering longer. 31, 2021-Jan. That’s a big one-week change.

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Inventory Housing Market Marketing New Listings 519

Housing Wire

JULY 7, 2022

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. Let’s start with the good news.

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Housing Wire

NOVEMBER 18, 2022

The impact is greater in expensive areas of the country and in markets that witnessed significant home price gains in recent years.”. Both a pullback in demand and limited supply remain vexing problems for the housing market. months in October 2021. from October 2021. How to optimize deal flow in today’s housing market.

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Housing Market Marketing Inventory New Listings 386

Housing Wire

APRIL 18, 2024

This is a byproduct of the qualified mortgage rule of 2010, which has been a game-changer not only for the housing market but for the overall U.S. million active listings per the last report, we have 526,000 per our last Housing Market Tracker article. NAR: Total existing-home sales receded 4.3% million in March.

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Inventory Housing Market New Listings Buyers 472

Housing Wire

JANUARY 12, 2023

The housing inventory shortage dominated much of the conversation surrounding the housing market in 2022, but thanks to softening homebuyer demand, the number of active listings finished the year up 54.7% from December 2021. Despite the drop in buyer demand, the median list price was up 8.4%

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Inventory Buyers New Listings Sellers 518

Housing Wire

MAY 21, 2021

Nearly 50% of homes sold for more than their list price during the four weeks ending May 16, but there are signs that housing market demand may be reaching its peak, according to a recent study from Redfin. Homes in May are also on the market for an average of only 17 days. The post Is housing market demand starting to weaken?

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Housing Market Marketing New Listings Mortgage 539

Housing Wire

FEBRUARY 6, 2023

Let’s dive into the trend lines of the housing market. The show-me part of the housing market starts with this bounce from an extreme bottom. However, we are going to see if 6% mortgage rates are good enough to create some growth in the future or if the housing market needs rates near 5%. Weekly inventory change (Jan.

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Inventory Housing Market Marketing New Listings 434

Housing Wire

DECEMBER 2, 2023

I said the 10-year yield would only break below 3.37% if the labor market breaks — this level is the “Gandalf line” I have used all year. One concern with higher mortgage rates was that more sellers — who are traditional buyers — would not list their homes. In Q3, the U.S. economy grew above 5%, and jobless claims headed lower.

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Mortgage Inventory New Listings Sellers 542

Housing Wire

MAY 20, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. in 2021 to $330,745. “It Bluffton, South Carolina.

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Housing Market Marketing Real Estate Agent Real Estate 364

Housing Wire

MAY 2, 2022

This article is part of our housing market update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. As a result, markets were quick to respond, driving mortgage spreads and rates much higher than most experts expected by this time of year. The impact on housing markets.

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Housing Market Marketing Buyers Inventory 381

Housing Wire

JUNE 21, 2021

Many are eyeing scenic East Tennessee, where Knoxville and its surrounding suburbs have formed one the country’s hottest housing markets. Currently on Realtor.com , more than 2,000 homes are currently on the market in Knoxville with an average listing price of $270,000. It’s like a horse race. Presented by: Radian.

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Housing Market Marketing Realtors Inventory 424

Housing Wire

DECEMBER 7, 2022

Now, with five weeks of data in front of us, we can say they have stabilized the market. million, the equilibrium balance between a buyer and seller marketplace that has been here for four decades. One issue that has created a waterfall dive in purchase application data and sales is that new listing data is declining faster than usual.

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Housing Market Mortgage Marketing Inventory 540

Housing Wire

AUGUST 14, 2023

Mortgage rates have been stubbornly above 7% for two months and it sure looks like home buyers are growing weary. We can see signs that buyers are slowing, both in the sales volume and in the sales price data. This slowdown is not like last year, instead, it’s just slightly fewer buyers each week. We measure the housing market.

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