Housing Wire

SEPTEMBER 19, 2023

It’s not unusual for a little jump in new listings in September. This “higher for longer” conventional wisdom is working its way through the housing market. I was hoping by now the easy year-on-year comparisons would show more sales in Q4 than in Q4 2022 but there’s just no sign of that happening. What’s happening?

Housing Market 405

Housing Market Marketing Inventory New Listings 405

Housing Wire

MAY 13, 2024

All in all, you can see how effectively 7% mortgage rates have slowed the housing market. Remember that, back in 2022, as mortgage rates were rising quickly, so too was inventory. By mid-May 2022, inventory had overtaken the level of the year prior and we were moving out of the COVID-19 pandemic.

New Listings 402

New Listings Contracts Inventory Sellers 402

Housing Wire

MAY 22, 2024

Existing home sales missed estimates, but the story here has been the same for some time; we have been working from the lowest sales levels since the bottom at the end of 2022, and we can’t grow sales in any meaningful way until rates go lower and stay there. I love that new listings data is growing yearly, but it’s been too light for me.

Inventory 449

Inventory New Listings Housing Market Contracts 449

Housing Wire

MARCH 25, 2024

New listings Each week this spring we’ve been tracking the new listings volume. Last week we saw just over 60,000 new listings added to the inventory with another 17,000 new listings / immediate sales. In total, new listings data is 14% more than last year. A year with 5.5

New Listings 479

New Listings Inventory Contracts Sellers 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. housing market for the week of April 22. New listings Growing inventory is not just about slowing demand. In fact, there are more new sellers this week than in any week of 2023.

Inventory 474

Inventory New Listings Sellers Contracts 474

Housing Wire

NOVEMBER 20, 2023

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. Watch the video above to get the latest housing market update from Altos Research. This week, the available inventory of unsold single-family homes crept up minimally.

Inventory 393

Inventory New Listings Housing Market Sellers 393

Housing Wire

APRIL 29, 2024

The weekly volume of new listings is now higher than at anytime last year. It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. 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

APRIL 1, 2024

As mortgage rates rose starting in 2022, payment affordability got dramatically worse and homebuyer demand dried up. But now sellers are coming back into the market. New listing volume last week was 18% more than a year ago. That brings us to 367,000 single-family homes in the contract pending stage.

Inventory 457

Inventory New Listings Contracts Sellers 457

Housing Wire

APRIL 30, 2024

Unsold inventory was nearly 32% higher than at this time last year and 90% higher compared to the end of April 2022. “The The weekly volume of new listings is now higher than at anytime last year,” Mike Simonsen, founder and president of Altos Research, wrote on Monday.

Mortgage 351

Mortgage New Listings Inventory Sellers 351

Housing Wire

AUGUST 14, 2023

Now, that extra little boost of demand seems to be gone from the housing market. There are about 10% fewer homes on the market now than there were in 2022 at this time. In 2022, mortgage rates climbed rapidly and inventory climbed rapidly. We measure the housing market. That’s the Altos Rule.

Housing Market 345

Housing Market Inventory Marketing Buyers 345

Housing Wire

MAY 20, 2024

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. In these markets, inventory is growing more rapidly and other costs, such as insurance and taxes, are up a lot.

Inventory 392

Inventory New Listings Sellers Contracts 392

Housing Wire

JANUARY 8, 2024

These are very clear trends as we start the new year. 2022 started insanely strong and weakened rapidly in the second quarter. Could the housing market change and slow again in 2024? There are now 247,000 single family homes in contract. That is 4.25% more homes in contract now than last year at this time.

Real Estate 487

Real Estate Marketing Inventory New Listings 487

Housing Wire

MAY 6, 2024

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. Housing inventory There are now just under 600,000 single-family homes on the market. There are now 83% more homes on the market than in May 2022.

Inventory 392

Inventory Contracts Sellers New Listings 392

Housing Wire

MARCH 18, 2024

Although I don’t have any capacity to predict interest rates, I do know what happens to the housing market if rates rise or fall from here. This week in 2022 was the last of the 3% mortgages. There are 250,000 more homes on the market now then when we exited the pandemic boom in March 2022.

Inventory 384

Inventory New Listings Sellers Contracts 384

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

Inventory bottomed out on April 14 last year, which was the longest time it took for the housing market to find a seasonal bottom ever. I am a big fan of the inventory growing year over year based on new listing data, and this is a big plus for the housing market.

Inventory 422

Inventory Mortgage New Listings Retail 422

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.

Inventory 375

Inventory Housing Market Marketing Construction 375

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

APRIL 15, 2024

Available inventory of unsold homes on the market is 30% greater than last year at this time and 102% more than in mid-April 2022. There are 120,000 more homes on the market now than there were last year. There are 250,000 more homes on the market now than two years ago. Home prices recovered in 2023 very quickly though.

Inventory 373

Inventory Mortgage New Listings Sellers 373

Housing Wire

JANUARY 19, 2024

from December 2022 to $382,600 – the sixth consecutive month of year-over-year price increases. Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale. from December 2022 ($366,500). Sales faded 6.2%

Housing Market 405

Housing Market Inventory Contracts Marketing 405

Housing Wire

AUGUST 7, 2023

There are 10% fewer homes on the market now than there were in 2022 at this time. In fact, in 2022 inventory had also peaked in August, rounded the top and started declining for the fall when interest rates spiked in September. In 2022, inventory peaked during the last week of October. in just a few weeks.

Inventory 282

Inventory New Listings Contracts Buyers 282

Housing Wire

SEPTEMBER 26, 2023

This is a demand-driven slowdown, because new listings supply is still running 9% to 10% fewer homes for sale each week than this time last year. We’re seeing fewer new sellers each week, but inventory is building as homebuyers wait to see if mortgage rates will come down to make purchases more affordable. from last week.

Inventory 481

Inventory Contracts New Listings Mortgage 481

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 Smith attributes the uptick in inventory to a bump in new listings. I just sold a property after two days on the market,” Smith said.

Insurance 363

Insurance Inventory Marketing Real Estate 363

Housing Wire

FEBRUARY 24, 2024

Mortgage rates were lower in late 2022 and early 2023 with a higher inflation growth rate and the Fed still hiking because the bond market anticipated a Fed pivot or a recession, neither of which happened. As mortgage rates rise, there is weakness in demand and homes don’t go into contract immediately.

Mortgage 445

Mortgage Inventory New Listings Housing Market 445

Housing Wire

SEPTEMBER 15, 2023

of homes that went under contract that month, according to a new report from Redfin. in August 2022 and marks the highest percentage since October 2022, when mortgage rates surpassed 7% for the first time in two decades. below the May 2022 record of $432,780, and is expected to remain elevated for the foreseeable future.

Buyers 390

Buyers Mortgage New Listings Real Estate Agent 390

Housing Wire

OCTOBER 16, 2023

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. Here are some of the takeaways: There are now 546,000 single-family homes on the market — 3.5%

Inventory 435

Inventory Contracts Sellers New Listings 435

Housing Wire

SEPTEMBER 12, 2023

So, the author tried to use new construction prices from back in April to describe the whole U.S. housing market now. That’s frankly surprising given how cold the housing market froze last fall. There are no signs of any surge in listings, and as a result we’ve seen a floor on home prices.

Contracts 363

Contracts Inventory Housing Market Buyers 363

Housing Wire

NOVEMBER 21, 2023

Compared to October 2022, existing home sales slumped 14.6%, down from 4.44 Homes typically go under contract a month or two before the closing, which means the October data largely reflects purchase decisions made in August and September. lower than October 2022 when inventory was at 1.22 months in October 2022.

Inventory 377

Inventory Realtors New Listings Contracts 377

Housing Wire

AUGUST 1, 2023

All year, the strength of homebuyer demand and the tight supply of homes for sale has meant that the market pretty rapidly found a floor on the home-price correction of 2022. If you were looking at the market in the fall of 2022, you would have expected home prices to continue to fall further in 2023.

Inventory 341

Inventory Contracts Buyers Mortgage 341

Housing Wire

SEPTEMBER 7, 2023

Contrast that to last year, the light red line, when inventory kept climbing until rates finally peaked in November 2022. There are only 358,000 single family homes in contract pending now. For a while this year it seemed like home sales would finish 2023 with more than 2022, and that hasn’t materialized.

Contracts 402

Contracts Inventory Buyers New Listings 402

Housing Wire

JULY 17, 2023

housing market could have a soft landing in 2023. The market was roaring — way too hot — with bidding wars, speculators and investors who thought they couldn’t lose. A soft landing is how you end that crazy cycle without the massive pain of a market crash or bubble burst. That’s essentially unchanged from 2022.

Real Estate 283

Real Estate Marketing Inventory Contracts 283

Housing Wire

SEPTEMBER 22, 2022

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. . 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%.

Inventory 437

Inventory Housing Market New Listings Mortgage 437

Housing Wire

FEBRUARY 16, 2023

Looking at the latest NAHB/Wells Fargo homebuilder confidence data and builder stock prices, I can say the homebuilders got very lucky this time around in the middle of a housing recession. They have less competition as they are working from low sales levels in today’s housing market. percent (±15.9 percent (±10.6

Construction 470

Construction Housing Market Inventory Mortgage 470

Empire Appraisal Group

SEPTEMBER 8, 2022

Housing Market Collapse? Housing Market Collapse? The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. NEW YORK – The rock-hard foundation of the U.S. Housing Market Collapse?

Housing Market 78

Housing Market Marketing Real Estate New Listings 78

Housing Wire

MARCH 6, 2024

Still, contacts emphasized that the number of units for sale stayed far short of what they considered a balanced market, and that a dearth of inventories had contributed to faster house price growth from 2022 to 2023. New York: Housing markets strengthened as the spring selling season got underway a bit earlier than normal.

Mortgage 346

Mortgage Real Estate Inventory Construction 346

Housing Wire

APRIL 26, 2023

In its last meeting in March, the Federal Open Market Committee (FOMC) raised the federal funds rate by 25 basis points, climbing from 4.75% to 5%, its ninth consecutive rate hike. The bottom for 2022 was 240,194. Rates for jumbo loans (greater than $726,200) rose to 6.40% from 6.28%. Meanwhile, the peak for 2023 so far is 472,680.

Mortgage 383

Mortgage Loan Officers New Listings Government 383

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. housing market appears to have hit its nadir.

New Listings 59

New Listings Inventory Buyers Sellers 59