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. All in all, you can see how effectively 7% mortgage rates have slowed the housing market. If you need to communicate about the real estate market with buyers and sellers, you should join us.

New Listings 398

New Listings Contracts Inventory Sellers 398

Housing Wire

NOVEMBER 6, 2023

held up in 2023, sales volume in the housing market cratered. If we get lucky with mortgage rates, though, we might just be at the bottom of the housing market recession right now. To get the weekly picture of the housing market, watch the video above. of the homes on the housing market have had a price cut. Plus, 39.2%

Housing Market 472

Housing Market Marketing Inventory Contracts 472

Housing Wire

NOVEMBER 27, 2023

You also know that new listings are up over last year, too. Watch the video above to get the latest housing market update from Altos Research. Inventory hit 566,000 homes on the market, meaning there are 0.5% New listings volume is up, too. A few more sellers appear to be braving the market each week.

New Listings 478

New Listings Contracts Inventory Housing Market 478

Housing Wire

OCTOBER 31, 2023

As a result, there may be a light at the end of the tunnel in this crazy market cycle. 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. Don’t have time? That’s up 1.5%

New Listings 463

New Listings Inventory Contracts Housing Market 463

Housing Wire

MAY 20, 2024

There are more homes sitting on the market that didn’t get offers at their original list price and have had to reduce their prices than in any recent May. This is the percent of the homes on the market that have taken a price cut from the original list price. of the homes on the market have taken a price cut.

Inventory 389

Inventory New Listings Sellers Contracts 389

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 456

Inventory New Listings Contracts Sellers 456

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. More home sales are happening, but we can also see — once adjusted for seasonal patterns — that sales should be much higher now if a real market recovery were underway.

Inventory 470

Inventory New Listings Sellers Contracts 470

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. This week in 2022 was the last of the 3% mortgages. They climbed starting Jan.

Inventory 380

Inventory New Listings Sellers Contracts 380

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. Days on market is also trending back to what is more normal for our market as well.”

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Insurance Inventory Marketing Real Estate 359

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 445

Inventory New Listings Housing Market Contracts 445

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 389

Inventory Contracts Sellers New Listings 389

Housing Wire

APRIL 30, 2024

Mortgage rates inched higher last week ahead of the Federal Reserve ’s Federal Open Markets Committee on Wednesday and the national jobs report on Friday. 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.

Mortgage 348

Mortgage New Listings Inventory Sellers 348

Housing Wire

APRIL 15, 2024

Housing inventory There are now 526,000 single-family homes active unsold on the market. 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. That’s up 2.6%

Inventory 369

Inventory Mortgage New Listings Sellers 369

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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Inventory Housing Market Marketing Mortgage 433

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. Housing inventory inches up There were 570,000 single-family homes on the market, or 0.5%

Inventory 390

Inventory New Listings Housing Market Sellers 390

Housing Wire

SEPTEMBER 19, 2023

This is alarming because this was the moment last year when the market turned south. 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. There are now 519,000 single-family homes on the market across the U.S.

Housing Market 401

Housing Market Marketing Inventory New Listings 401

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

APRIL 13, 2024

Mortgage rates headed higher last week after the CPI inflation report , but now, with news of a wider war in the Middle East, should we expect even higher rates? Some argue that money will go into the safety of the bond market, while others say a wider war can lead to higher inflation and higher rates.

Inventory 419

Inventory Mortgage New Listings Retail 419

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. The market was roaring — way too hot — with bidding wars, speculators and investors who thought they couldn’t lose. The froth is out of the market.

Real Estate 280

Real Estate Marketing Inventory Contracts 280

Housing Wire

AUGUST 7, 2023

The surprisingly strong economy has the markets assuming the Fed will keep rates higher for longer, therefore, mortgage rates follow suit. Then, Altos will be on watch to see if another boost in mortgage rates — like last September — derails the real estate market again. In 2022, inventory peaked during the last week of October.

Inventory 279

Inventory New Listings Contracts Buyers 279

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 432

Inventory Contracts Sellers New Listings 432

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 387

Buyers Mortgage New Listings Real Estate Agent 387

Housing Wire

AUGUST 14, 2023

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. 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.

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Housing Market Inventory Marketing Buyers 342

Housing Wire

JANUARY 20, 2023

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. During that period, we saw new listing data decline. The days on market were too low. In one of the most historical years in the U.S.

Inventory 536

Inventory Housing Market New Listings Marketing 536

Housing Wire

SEPTEMBER 7, 2023

Most years, available inventory of unsold homes on the market peaks in August. Supply of homes on the market does not appear to have reached the peak for 2023. Last year at this time, inventory appeared to have already peaked, but the number of homes on the market jumped again along with mortgage rates later in September.

Contracts 399

Contracts Inventory Buyers New Listings 399

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 442

Mortgage Inventory New Listings Housing Market 442

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 374

Inventory Realtors New Listings Contracts 374

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 402

Housing Market Inventory Contracts Marketing 402

Housing Wire

JULY 24, 2023

Pending Sales There are now 378,000 single-family homes in contract. There were 68,000 new contracts for single-family homes this week. In the chart below, the light portion of each bar represents the new contracts each week. But, there were another 15,000 condos and townhomes that went into contract this week.

Inventory 282

Inventory Contracts New Listings Buyers 282

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 338

Inventory Contracts Buyers Mortgage 338

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. This week continues that trend.

Contracts 359

Contracts Inventory Housing Market Buyers 359

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 372

Inventory Housing Market Marketing Construction 372

Housing Wire

APRIL 26, 2023

The Market Composite Index, a measure of application volume, increased 3.7% 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.

Mortgage 382

Mortgage Loan Officers New Listings Government 382

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

MARCH 6, 2024

The outlook for future economic growth remained generally positive as economists, market experts and business organization leaders interviewed for the report noted expectations for stronger demand and less restrictive financial conditions over the next six to 12 months.

Mortgage 342

Mortgage Real Estate Inventory Construction 342

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 368

Inventory Contracts Buyers Sellers 368

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 435

Inventory Housing Market New Listings Mortgage 435