Housing Wire

FEBRUARY 4, 2024

How will mortgage rates impact seasonal inventory in 2024? In the last four years, we have had abnormal seasonal inventory data, meaning that the spring inventory bottom happens later in the year. Also, when mortgage rates rise, the inventory peak happens later in the year.

Inventory 493

Inventory Mortgage New Listings Housing Market 493

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. However, the recent drop in housing inventory has more to do with seasonality factors than lower mortgage rates. Mortgage rates and the 10-year yield The 10-year yield ended the week roughly flat.

Inventory 521

Inventory Mortgage New Listings Buyers 521

Housing Wire

MAY 8, 2024

Housing credit channels directly impact housing inventory channels. Home prices escalated out of control after 2020 and when we look at why that happened, we can see that housing credit mattered more to inventory data than most people realize. This matters because inventory was already heading toward all-time lows before COVID-19.

Inventory 416

Inventory Law New Listings Sellers 416

Housing Wire

APRIL 1, 2024

As mortgage rates rose starting in 2022, payment affordability got dramatically worse and homebuyer demand dried up. At the same time, seller volume dried up. But now sellers are coming back into the market. Total available inventory is gradually climbing about 1% per week — last year it was still declining in April.

Inventory 457

Inventory New Listings Contracts Sellers 457

Housing Wire

JANUARY 13, 2024

Last week, housing inventory grew and the number of price cuts fell, which is expected at this time of the year. I hope the next thing we see is housing inventory grow at the level it typically does in January or February instead of being delayed until March or April. So let’s hope for more home sellers in 2024.

Inventory 519

Inventory New Listings Retail Mortgage 519

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.

Inventory 488

Inventory New Listings Housing Market Mortgage 488

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. However, mortgage rates didn’t stay flat. As we started 2024, the signals in the U.S.

Inventory 384

Inventory New Listings Sellers Contracts 384

Housing Wire

AUGUST 20, 2023

Last week, mortgage rates hit a 21st-century high, the 10-year yield closed slightly higher than my peak forecast for 2023 , and housing inventory growth was still slow. Mortgage rates went from 7.19%% to 7.37%. Last year, the seasonal decline took longer than usual, but 2022 was an abnormal year with mortgage rates.

Inventory 366

Inventory Mortgage New Listings Sellers 366

Housing Wire

APRIL 6, 2024

Weekly housing inventory data — both active inventory and new listings — are prone to one-week moves that deviate from a trend, especially if people are going Easter egg hunting. So, the fact that active inventory and new listings data fell last week isn’t a big deal. However, for now, this is a plus for the U.S.

Inventory 422

Inventory New Listings Mortgage Housing Market 422

Housing Wire

NOVEMBER 11, 2023

Total housing inventory growth has been slow in 2023, but with rising mortgage rates over the last few months, inventory has grown a bit faster than average. The question now is: Have we hit the seasonal peak in inventory for 2023? Last year, according to Altos Research , the seasonal peak for housing inventory was Oct.

Inventory 442

Inventory New Listings Mortgage Retail 442

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. home sale price rose 3% year over year, reaching $420,846 in August, the largest annual increase since October 2022. the month prior.

Sellers 494

Sellers Buyers Inventory Real Estate Agent 494

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. It facilitated a very unhealthy housing market in 2020-2021 that became savage in 2022. Inventory, which has been falling for years, broke to all-time lows in 2020. Image by Brandon Johnson/HW Media.). to over 7% in a very short period of time.

Sellers 498

Sellers Inventory Housing Market New Listings 498

Housing Wire

FEBRUARY 7, 2024

With mortgage rates briefly topping 8% and home prices breaking records throughout the year, many would-be sellers simply decided not to bother listing their homes, exacerbating already tight inventories. 2022-2023: The high-rate environment Over two years, the Federal Reserve hiked rates 11 times for a total increase of 5.25

Inventory 383

Inventory Sellers Mortgage Marketing 383

Housing Wire

MARCH 23, 2024

Mortgage rates had a chance to break to new highs this year, but the Federal Reserve took a moderate tone at the last Fed meeting. We saw the benefit of lower mortgage rates with the last two existing home sales reports, which showed growth. Then mortgage rates rose, facilitating five weeks of negative purchase application data.

Mortgage 503

Mortgage Inventory New Listings Housing Market 503

Housing Wire

OCTOBER 16, 2023

Available inventory of unsold homes rose by 1.8% It’s quite clear that homebuyers have hit the brakes waiting to see if mortgage rates recede from these multi-decade highs. Inventory is climbing more quickly now than last year. Will we see inventory growth YoY by November? Note the inventory climb is not from sellers.

Inventory 435

Inventory Contracts Sellers New Listings 435

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. Since May 15, that trend has continued to the point that inventory in America is now negative year over year.

Inventory 447

Inventory Housing Market Marketing New Listings 447

Housing Wire

OCTOBER 3, 2023

As housing inventory builds in the housing market due to waning buyer activity, home prices show little to no signs of letting up. And that’s creating more affordability headaches for homebuyers who are already sidelined by high mortgage rates. None of the inventory increase is from a surge of sellers, though.

Inventory 391

Inventory Sellers Buyers New Listings 391

Housing Wire

JANUARY 18, 2023

Like its competitors, Tennessee-based First Community Mortgage, Inc. (FCM) FCM) reduced the company’s size through 2022 amid a tough mortgage market. “There is certainly optimism in the air as mortgage applications have started to pick up on,” Keith Canter, CEO at First Community Mortgage, said.

Inventory 433

Inventory Mortgage Retail Training 433

Housing Wire

APRIL 16, 2023

The seasonal housing inventory bottom evaded us again last week as active listings fell and new listing inventory decreased. Mortgage rates didn’t move much last week, but the 10-year yield rose even though inflation data was tamer than expected, and we had a weaker retail sales report number. The answer is no!

Inventory 520

Inventory Housing Market Marketing New Listings 520

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 In one of the most historical years in the U.S. During that period, we saw new listing data decline.

Inventory 536

Inventory Housing Market New Listings Marketing 536

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The fear of not having an increase in inventory this spring should be put to rest. The other focus should be where mortgage rates go; only a little happened last week.

Inventory 510

Inventory Housing Market Marketing New Listings 510

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% Despite this sizable yearly increase, active housing inventory was down 33.4% compared to December 2019 and 38.2%

Inventory 518

Inventory Buyers New Listings Sellers 518

Housing Wire

JANUARY 16, 2023

Housing inventory increased by 1,339 homes nationwide. Mortgage rates fell along with bond yields, showing that mortgage rates peaked on Oct. The weekly inventory data, which had fallen faster than I had anticipated the last few weeks, has now seen a slight uptick. Purchase application data.

Inventory 530

Inventory Housing Market Marketing Mortgage 530

Housing Wire

APRIL 20, 2023

months’ worth of housing inventory in the U.S. In the chart below, with the red lines drawn, you can see how different the sales crash in 2022 was compared to the last two times rates rose and sales fell. million in March 2022). million in March 2022). Unsold inventory sits at a 2.6-month We only have 2.6

Inventory 518

Inventory Housing Market Marketing New Listings 518

Housing Wire

APRIL 6, 2022

Nearly 65% of homeowners planning to sell this year expect to list by the end of summer, which should provide a much-needed influx of inventory that should slow the explosive home price growth seen during the pandemic, according to a Realtor.com survey of prospective sellers.

Inventory 471

Inventory Sellers Buyers Marketing 471

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. Mortgage rates hit 6.80%, marking the high point for 2023 so far. Weekly inventory change (Feb.10-Feb.

Inventory 371

Inventory Housing Market Mortgage Marketing 371

Housing Wire

DECEMBER 9, 2023

The most underreported housing story I’ve seen this year is that even with mortgage rates rising to 8%, the number of homes that took price cuts before they sold was 4% below 2022 levels. This happened even with higher home prices and higher mortgage rates in 2023. Now lets take a look at the weekly inventory data.

Mortgage 517

Mortgage Inventory New Listings Sellers 517

Housing Wire

JANUARY 9, 2023

The housing market saw inventory fall 4% last week from the week before. Does that mean we are heading back to all-time lows in inventory again for 2023? During the last four weeks and especially this past week, we are seeing inventory decline faster than expected. Weekly housing inventory. Weekly inventory change: (Dec.

Inventory 519

Inventory Housing Market Marketing New Listings 519

Housing Wire

MAY 3, 2024

No matter where you are in the Tar Heel State, real estate professionals across North Carolina are frustrated by the lack of housing inventory. The challenge remains lack of inventory — that’s definitely the big one,” said Alison Alston , the broker-owner of Charlotte-based Lodestone Real Estate and Investments. “We being outbound.

Inventory 290

Inventory Housing Market Marketing Real Estate 290

Housing Wire

AUGUST 22, 2023

“Home sellers are buyers” — this is a phrase that I have been using in my economic work to explain the reality of the housing market recently. So, when home prices and mortgage rates rise so quickly, some sellers won’t list , which means they’re not buying either. million in July 2022). million in July.

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Sellers Marketing Inventory Housing Market 352

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? Consumers are very sensitive to changes in mortgage rates , and rates are still rising. from last week.

Inventory 481

Inventory Contracts New Listings Mortgage 481

Housing Wire

DECEMBER 2, 2023

Mortgage rates almost fell below 7%, the 10-year yield is below 4.25% again, and people are seriously talking about Fed rate cuts in 2024. Mortgage rates have fallen by almost 1% in a short time, and it has created four straight weeks of positive purchase application data. Mortgage rates and the 10-year yield We are back!

Mortgage 542

Mortgage Inventory New Listings Sellers 542

Housing Wire

JUNE 25, 2023

Summer is here, and housing inventory is finally growing! The spring housing inventory was like a zombie rising from the grave, very slow, but the summer is showing some promise and let’s hope it continues. Mortgage rates were again in a small range, hanging near 7%. Purchase apps had a small week-to-week gain.

Inventory 404

Inventory Housing Market Marketing New Listings 404

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. 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

AUGUST 7, 2023

Even as mortgage rates climbed over 7% in the past six weeks, home prices have not declined. As a result, the available inventory of homes for sale is slightly higher each week. Mortgage rates are sitting at their highest levels in many years. When will inventory peak for the year? As demand dips, the prices are not.

Inventory 282

Inventory New Listings Contracts Buyers 282

Housing Wire

FEBRUARY 6, 2023

Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. We are working from a shallow bar in this index – seven years of growth were taken away in one year in 2022. We have had back-to-back weeks of noticeable decline in the Altos weekly inventory data.

Inventory 434

Inventory Housing Market Marketing New Listings 434

Housing Wire

MARCH 5, 2024

Ahead of Friday’s national jobs report, mortgage rates have found stability after increasing for multiple weeks. Polly ’s average 30-year fixed rate for conventional loans was 7.17% on Tuesday, down from 7.24% one week earlier, according to HousingWire’s Mortgage Rates Center. Meanwhile, inventory rose year over year by nearly 19%.

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Mortgage Inventory Sellers Investors 422