Housing Wire

MARCH 18, 2024

real estate market were for inventory growth, sales growth and home-price growth across the U.S. 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. I talk frequently about how rising rates creates rising inventory.

Inventory 384

Inventory New Listings Sellers Contracts 384

Housing Wire

APRIL 15, 2024

Higher mortgage rates have forced available inventory to climb all year. Housing inventory There are now 526,000 single-family homes active unsold on the market. jump in unsold inventory in a week is very notable. As mortgage rates rise, inventory rises. So, rates are up and inventory is undeniably growing.

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Inventory Mortgage New Listings Sellers 373

Housing Wire

NOVEMBER 20, 2023

Last week, I asserted that housing inventory growth had finished for the year. This week, the available inventory of unsold single-family homes crept up minimally. It looks like this is evidence that housing markets are returning to normal rather than a case of sellers panicking, but it’s worth keeping an eye on.

Inventory 393

Inventory New Listings Housing Market Sellers 393

Housing Wire

JANUARY 20, 2023

On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. And existing home sales crashed in 2022 from a peak of around 6.5 housing market , we just experienced an event that most people never thought could happen.

Inventory 536

Inventory Housing Market New Listings Marketing 536

Housing Wire

JANUARY 19, 2023

While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

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Inventory Housing Market Marketing Construction 375

Housing Wire

OCTOBER 16, 2023

Available inventory of unsold homes rose by 1.8% The leading indicators for sales prices show that 2023 will end with home price gains of 1-2% over 2022, but the 2024 outlook is weakening and depends on your view of mortgage rates in Q1 and whether home prices will appreciate next year. Will we see inventory growth YoY by November?

Inventory 435

Inventory Contracts Sellers New Listings 435

Housing Wire

SEPTEMBER 26, 2023

Available inventory of homes for sale is on the rise in late September, which is very unusual for this time of year. In fact, inventory is growing faster than this time a year ago. What’s happening with inventory? Normally by this point in September, available inventory is declining slightly each week.

Inventory 481

Inventory Contracts New Listings Mortgage 481

Housing Wire

AUGUST 7, 2023

As a result, the available inventory of homes for sale is slightly higher each week. With fewer transactions, inventory is building just a bit as we approach the end of the summer. When will inventory peak for the year? Inventory Inventory is still climbing just a bit each week as we approach the end of the season.

Inventory 282

Inventory New Listings Contracts Buyers 282

Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I We are seeing a healthy increase in inventory, which we really needed.” Smith attributes the uptick in inventory to a bump in new listings.

Insurance 363

Insurance Inventory Marketing Real Estate 363

Housing Wire

SEPTEMBER 19, 2023

Meanwhile, the available inventory of unsold homes is growing. This week, inventory grew faster than it did last year at this time. This is alarming because this was the moment last year when the market turned south. Last year, inventory climbed dramatically for months. This is a trend worth watching. What’s happening?

Housing Market 405

Housing Market Marketing Inventory New Listings 405

Housing Wire

AUGUST 14, 2023

Inventory Available inventory of unsold single-family homes ticked up again by less than 1% again this week to 492,000. This is a seasonal inventory gain. There are 10% fewer homes on the market now than last year at this time. Now, that extra little boost of demand seems to be gone from the housing market.

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Housing Market Inventory Marketing Buyers 345

Housing Wire

OCTOBER 31, 2023

At least, that’s what the data seems to suggest as inventory grows and new listings decline at a less aggressive rate than last year. To get the weekly picture of the housing market, watch the video above. Inventory creeps up There are now 562,000 single-family homes on the housing market. Don’t have time?

New Listings 466

New Listings Inventory Contracts Housing Market 466

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. Rising rates make more inventory. So how much inventory will we add this fall?

Inventory 369

Inventory Contracts Buyers Sellers 369

Housing Wire

NOVEMBER 17, 2022

For this reason, the number of housing units “under construction” is the largest ever recorded in history because they were taking so long to finish. For the builders, they have a new problem: they had homes under contract and then mortgage rates jumped in the biggest fashion ever recorded in history.

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Contracts Construction Supply Chain Marketing 536

Housing Wire

DECEMBER 23, 2022

This article is part of our 2022-23 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. at the end of 2022.

Housing Market 353

Housing Market Marketing Inventory Buyers 353

Housing Wire

APRIL 29, 2024

It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. The bearish take is that there are many more sellers than buyers and inventory is rising. In addition to a higher number of new listings, there were also more new contracts started this week than in any week in 2023.

Sellers 462

Sellers Marketing Inventory Contracts 462

Housing Wire

MAY 6, 2024

Inventory increases aren’t occurring at a super fast pace, but the number of homes on the market across the country keeps expanding. The good news for the housing market is that the pace of sales is gradually improving due to the expanded supply. housing market as we roll into May 2024.

Inventory 392

Inventory Contracts Sellers New Listings 392

Housing Wire

MARCH 27, 2023

Housing markets in tech hubs were in high demand during the pandemic, with potential buyers facing fierce competition on homes in cities like San Jose and Austin. According to Redfin’s analysis, Austin, Texas has experienced the most rapidly cooling housing market in the nation over the last year.

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Housing Market Marketing Contracts Buyers 330

Housing Wire

APRIL 17, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. Austin, Texas In 2021, Austin had one of the hottest housing markets in the country. But, in 2022, as prices in the metro rose to never-before-seen levels, things started to change.

Housing Market 344

Housing Market Marketing Inventory Buyers 344

Housing Wire

NOVEMBER 27, 2023

If you follow real estate data closely, you’ll know that inventory rose late into November. Watch the video above to get the latest housing market update from Altos Research. Inventory (finally) peaks for the year Housing inventory was down by 0.7% You also know that new listings are up over last year, too.

New Listings 479

New Listings Contracts Inventory Housing Market 479

Housing Wire

APRIL 22, 2024

After a couple weeks of big jumps for mortgage rates , we’re still seeing relatively surprising strength in the housing market. We’re watching inventory , which continues to grow by 3% each week. housing market for the week of April 22. There are 543,000 single-family homes on the market now.

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Inventory New Listings Sellers Contracts 474

Housing Wire

JANUARY 19, 2023

As the housing market slowed from its frenzied peak in 2022 due to soaring mortgage rates, homebuilders pulled back. An estimated of 1.533 million housing units were started in 2022, down 3.0% Department of Housing and Urban Development. The single-family housing start rate rose 11.3% year over year.

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Inventory Construction Development Housing Market 379

Housing Wire

MAY 13, 2024

hits peak homebuying season, the signals across the country are mixed at best as some markets are accelerating while others are slowing quickly. Inventory continues to build at the national level, something that’s happening most rapidly in the South. real estate market as of mid-May 2024. This is a much different market now.

New Listings 402

New Listings Contracts Inventory Sellers 402

Housing Wire

MAY 22, 2024

So, it was necessary to highlight that for this report because our fresh current inventory data paints a different picture. From NAR : The median existing home price for all housing types in April was $407,600, an increase of 5.7% The chart below shows that the inventory growth rate picked up more in 2024 after March.

Inventory 449

Inventory New Listings Housing Market Contracts 449

Housing Wire

JANUARY 29, 2024

The headline was an impressive 8% jump over December of 2022. We shared that sales growth data back in December as it was happening in the housing market. Homes in contract rises There are more homes in contract now than last year at this time. There are currently 503,000 single family homes unsold on the market.

Contracts 390

Contracts Inventory Housing Market Mortgage 390

Housing Wire

MARCH 25, 2024

Specifically, when housing inventory is 25% greater than a year ago, the supply/demand balance is obviously very different than it has been. Housing inventory The available inventory of unsold homes continued to climb last week. There are now 513,000 single family homes unsold on the market. A year with 5.5

New Listings 479

New Listings Inventory Contracts Sellers 479

Housing Wire

JULY 28, 2022

annually in the second quarter of 2022, after falling 1.6% housing market was a major driver of the economic decline. ” However, the Biden administration has argued that the American economy is not in a recession, based on a still strong labor market. .” real gross domestic product (GDP) decreased 0.9%

Contracts 286

Contracts Government Housing Market Investing 286

Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. in 2022 but will drop to 4% in 2023. trillion in 2022 and $2.3

Housing Market 393

Housing Market Marketing Supply Chain Real Estate 393

Housing Wire

APRIL 13, 2024

Things are hapenning fast with mortgage rates, which is why I update HousingWire’s Mortgage Rate Center page with analysis every weekday morning — looking at how the bond market reacts to economic data or an event that can move rates. Weekly housing inventory data Usually, I would jump for joy at last week’s inventory growth.

Inventory 422

Inventory Mortgage New Listings Retail 422

Housing Wire

MAY 20, 2024

Price reductions typically peak in November before resetting for the holidays and the fresh inventory in the spring. Both dynamics are elevated this year: more of the homes on the market have taken price cuts and the slope is pretty steep — meaning more homes each week are cutting prices because they don’t have offers from buyers.

Inventory 392

Inventory New Listings Sellers Contracts 392

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

Housing Market 374

Housing Market Marketing Contracts Finance 374

Housing Wire

APRIL 30, 2024

As of April 26, there were 556,000 single-family homes on the market, up 2.4% About 13,000 additional properties were added to the market during the previous week. Unsold inventory was nearly 32% higher than at this time last year and 90% higher compared to the end of April 2022. “The

Mortgage 351

Mortgage New Listings Inventory Sellers 351

Housing Wire

MAY 18, 2024

The moves haven’t been significant and our weekly pending contracts data picked up this week. Weekly housing inventory data For the third consecutive week, we haven’t quite reached my weekly target of inventory growth between 11,000 and 17,000 homes. When rates drop and demand improves, the percentage falls.

New Listings 432

New Listings Inventory Mortgage Contracts 432

Housing Wire

JANUARY 8, 2024

2022 started insanely strong and weakened rapidly in the second quarter. Could the housing market change and slow again in 2024? The data does not show any slowing on any of the active market metrics. Inventory is inching up. Sellers are coming back There are 499,000 single-family homes unsold on the market now.

Real Estate 487

Real Estate Marketing Inventory New Listings 487

Housing Wire

DECEMBER 1, 2022

Interest rates and inflation continued to dampen activity in the housing market across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book. ” In the Dallas district, housing outlooks worsened, with those interviewed expecting “further erosion in sales and home starts in the near term.”

Housing Market 313

Housing Market Marketing Construction Inventory 313

Housing Wire

OCTOBER 1, 2022

However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years. It is always good to know where we are with the real estate market, but it is essential to keep all data in historical perspective. . Historically 2.5

Realtors 377

Realtors Housing Market Marketing Buyers 377

Housing Wire

OCTOBER 26, 2023

Despite the slight gain, pending contracts remain at historically low levels due to the highest mortgage rates in 20 years,” Lawrence Yun, NAR chief economist said in a statement. Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated.” Lastly, they predict that housing starts will drop by 10.4%

Inventory 355

Inventory Contracts Housing Market Realtors 355