Housing Wire

NOVEMBER 6, 2023

held up in 2023, sales volume in the housing market cratered. The industry is in a deep housing recession this year. 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.

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Housing Market Marketing Inventory Contracts 475

Housing Wire

APRIL 16, 2023

The seasonal housing inventory bottom evaded us again last week as active listings fell and new listing inventory decreased. Here’s a quick rundown of the last week: Active inventory fell 5,383 last week, and new listing data is still trending at all-time lows in 2023.

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Inventory Housing Market Marketing New Listings 520

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. When I came up with the “ savagely unhealthy housing market ” label in February of this year, it was based on the premise that the housing inflation story that we have had to deal with since 2020 was a historical event.

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Housing Wire

MAY 28, 2023

Active housing inventory , thankfully, saw some decent growth last week. 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. Purchase application data had a second straight week of declines. Starting on Nov.

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Housing Market Mortgage Marketing Inventory 487

Housing Wire

JULY 2, 2023

Housing inventory finally broke under 2022 levels last week. To give you an idea how different this year is from last year, last week in 2022, active listings grew 30,940 while this year they only grew 5,848. We have often discussed that the housing market dynamics changed starting Nov.

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Inventory Housing Market Marketing New Listings 447

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

APRIL 9, 2023

The housing market welcomed the news of lower mortgage rates last week after four reports showed that the labor market isn’t as tight as it seems and that the fear of 1970s-entrenched inflation was a lousy narrative. Active inventory rose by 823 single-family homes and new listing data is trending at all-time lows.

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Housing Market Marketing Mortgage Inventory 538

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. From 2013 to 2022 I forecasted price growth every year.

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Housing Market Marketing Inventory New Listings 529

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At Altos considers any score above 30 to be a seller’s market.

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Housing Wire

MAY 14, 2023

The rise of active listings in this spring housing market reminds me of a zombie slowly rising from its grave. Yes, we found the seasonal bottom for housing inventory on April 14, but this year’s rise in active listings has been tepid at best. That is no longer the case after the second half of 2022.

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Housing Market Marketing Inventory New Listings 419

Housing Wire

FEBRUARY 3, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. That is 36% fewer properties for sale than the numbers we had prior to the pandemic, but still much higher than the inventory we had in early 2022.

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Housing Market Marketing Inventory New Listings 346

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. This facilitated the biggest decline in existing home sales for a single year that we will ever see in modern-day history due to the high level of sales in January of 2022.

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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. From the St.

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Inventory Housing Market Marketing New Listings 404

Housing Wire

FEBRUARY 6, 2023

Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. Let’s dive into the trend lines of the housing market. We are working from a shallow bar in this index – seven years of growth were taken away in one year in 2022.

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Inventory Housing Market Marketing New Listings 434

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?

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New Listings Inventory Contracts Housing Market 466

Housing Wire

DECEMBER 7, 2022

What I mean by a credit bust is that after the housing bubble burst in 2005 into 2006, we saw a massive increase in supply. These were forced credit sellers, which means these sellers don’t sell to buy a home like a traditional seller does. Total inventory levels. NAR: Total Inventory levels 1.22

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Housing Market Mortgage Marketing Inventory 540

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. 30, 2022-Jan.

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Inventory Housing Market Marketing New Listings 519

Housing Wire

JANUARY 22, 2024

Indianapolis, which had 880,600 residents as of July 2022, offers a very strong and steady real estate market that attracts buyers looking for a more affordable lifestyle. There is always a big slowdown between Thanksgiving and New Year. Things will pick up in the next week or two.”

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Housing Wire

JANUARY 16, 2023

The weekly data shows some good news for the housing market ! With mortgage rates also falling, I am hopeful that more people will list their homes and buy another, so we can get back to a more functional housing market. The level is now so low that even a small improvement in demand could stabilize it.

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Inventory Housing Market Marketing Mortgage 530

Housing Wire

DECEMBER 30, 2023

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housing market and which factors to follow.

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Inventory New Listings Housing Market Mortgage 488

Housing Wire

MAY 28, 2024

There are more homes on the market now than anytime since August 2020. New listings climbed during the past week and there are now 72,000 more single-family homes on the market. It appeared that new listings might be on the decline already, but the pace picked up a tad this week, which is encouraging.

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Inventory New Listings Contracts Sellers 511

Housing Wire

MAY 20, 2024

The second dynamic to watch here is how many sellers are cutting their prices each week. 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.

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Inventory New Listings Sellers Contracts 392

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. Buyers are still buying and sellers are still selling.

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Housing Market Agents Marketing Inventory 353

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. It shows obvious slowing demand, but is also a reflection of the fact that most of the year we had more buyers than sellers of residential real estate.

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Housing Market Marketing Inventory New Listings 405

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. A traditional seller is a conventional buyer most of the time.

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Housing Market Marketing Inventory New Listings 398

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.

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Mortgage New Listings Inventory Sellers 351

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. After all, more sellers means more sales in 2024. Watch the video above to get the latest housing market update from Altos Research. What does that mean?

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Inventory New Listings Housing Market Sellers 393

Housing Wire

MARCH 23, 2024

As we can see in the chart below, the 10-year yield and mortgage rates have made a massive move higher since 2022. However, whenever the 10-year yield falls with duration, as we saw toward the end of 2022 and into 2023, it sends mortgage rates lower, and we can grow sales from these record-low levels.

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Mortgage Inventory New Listings Housing Market 503

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. There are 130,000 more homes on the market now than last year at this time. New listings Growing inventory is not just about slowing demand.

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Inventory New Listings Sellers Contracts 474

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.

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Inventory New Listings Housing Market Contracts 449

Housing Wire

MAY 13, 2024

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. real estate market as of mid-May 2024. It’s the peak season for buyers and sellers. That’s up 1.5% for the week.

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New Listings Contracts Inventory Sellers 402

Housing Wire

MARCH 1, 2024

Last year was a tough one for the Indiana real estate market. Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We We were up year over year in inventory , but we were at a 25 year low on new listings.”

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Housing Market Marketing Inventory Construction 395

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.

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New Listings Contracts Inventory Housing Market 479

Housing Wire

MARCH 2, 2024

Let’s take a look at the inventory data this year to test this premise, since for many months it has been a working theory of mine that new listings data behavior last year marked a bottom and even going into 2024 we should see more sellers. Here is a look at inventory last week: Weekly inventory change (Feb.

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Inventory Mortgage New Listings Housing Market 531

Housing Wire

FEBRUARY 20, 2023

Another week down in 2023 and we’re seeing crazier action in the housing market as purchase application data fell, mortgage rates rose again, and weekly inventory took another dive with a noticeable move lower in new listing data. Here is a look at how the 2022 inventory monthly data looked from NAR.

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Inventory Housing Market Mortgage Marketing 371

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

MARCH 19, 2023

The housing market was crazy again last week. Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? Weekly inventory increased by 1,734. I am hoping it’s just a one-week event.

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Housing Market Marketing Inventory New Listings 368