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. To top it all off, we started 2022 at all-time lows, forcing bidding action everywhere until mortgage rates rose. Now fast forward to 2022.

Sellers 498

Sellers Inventory Housing Market New Listings 498

Housing Wire

MAY 28, 2024

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. No one wants a scenario in which there’s a flood of sellers but no buyers.

Inventory 511

Inventory New Listings Contracts Sellers 511

Housing Wire

MARCH 6, 2024

Housing professionals already know that high mortgage rates are bad for business. But with mortgage rates ascending past 7% according to HousingWire’s Mortgage Rates Center , those hopes have so far been dashed in 2024. Bad for sellers Prospective home sellers may not notice incremental changes in mortgage rates.

Mortgage 381

Mortgage Sellers New Listings Buyers 381

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 20, 2024

Housing inventory, new listing data and mortgage rates are all rising, but the price cut data percentages are falling. I will watch for rising mortgage rates to see if they change the weekly data. I will watch for rising mortgage rates to see if they change the weekly data. So far, so good in 2024.

Inventory 536

Inventory Mortgage New Listings Sellers 536

Housing Wire

MAY 20, 2024

The second dynamic to watch here is how many sellers are cutting their prices each week. It’s not as steep as 2022 — the market now is not shifting as quickly from big growth to price declines, like it did briefly about 18 months ago. So inventory is growing everywhere and will continue to grow as long as mortgage rates stay elevated.

Inventory 392

Inventory New Listings Sellers Contracts 392

Housing Wire

SEPTEMBER 13, 2022

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. Typically we have a natural set of new listings each year; inventory rises in the spring and summer and then falls in the fall and winter.

Mortgage 513

Mortgage Inventory New Listings Sellers 513

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. The question now is what will inventory look like in the spring if mortgage rates keep falling?

Inventory 521

Inventory Mortgage New Listings Buyers 521

Housing Wire

FEBRUARY 4, 2024

How will mortgage rates impact seasonal inventory in 2024? Also, when mortgage rates rise, the inventory peak happens later in the year. New listings were trending at the lowest levels ever in 2023, but that should not be the case in 2024. Is the seasonal bottom going to happen later than I want?

Inventory 493

Inventory Mortgage New Listings Housing Market 493

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

Inman

FEBRUARY 5, 2024

percent decline in net new listings and a 2 percent decrease in contract signings, driven by mortgage rate fluctuations, according to HouseCanary. Despite a rise in total inventory compared to 2022 and 2023, the market is still behind historical inventory averages as sellers avoid entering a higher rate environment.

New Listings 138

New Listings Contracts Inventory Real Estate 138

Housing Wire

SEPTEMBER 15, 2023

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. of homes that went under contract that month, according to a new report from Redfin. The average interest rate on a 30-year-fixed mortgage was 7.07% in August. Year-over-year new listings were down 14.4%.

Buyers 390

Buyers Mortgage New Listings Real Estate Agent 390

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 a few key factors to see if homebuyers are backing off in the face of increased mortgage rates. With the most recent mortgage rate jump, inventory growth has also accelerated.

Inventory 474

Inventory New Listings Sellers Contracts 474

Housing Wire

MARCH 25, 2024

Mortgage rates seem to have finally settled down. I was worried that we might come out of that meeting with a spike in mortgage rates but that didn’t materialize so we got lucky. More sellers means more sales will happen. The longer mortgage rates stay higher, the more inventory will grow closer to the old levels.

New Listings 479

New Listings Inventory Contracts Sellers 479

Housing Wire

MAY 28, 2023

Debt-ceiling drama pushed bond yields up last week, taking mortgage rates to a new 2023 high in the middle of the spring home-selling season. 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.

Housing Market 487

Housing Market Mortgage Marketing Inventory 487

Housing Wire

JULY 29, 2022

metropolitan areas in February 2022, based on year-over-year growth in median listing price according to the residential real estate listing website, Realtor.com. The table also reports the year-over-year percent change in new listings for each market. Table 1, below, reports the 10 hottest U.S. Panama City, FL 39.7%

Housing Market 390

Housing Market Sellers Marketing New Listings 390

Housing Wire

MAY 13, 2024

Home sales continue to run just a little ahead of last year’s pace, but with mortgage rates in the 7s, there are a ton of potential homebuyers sitting on the sidelines. All in all, you can see how effectively 7% mortgage rates have slowed the housing market. It’s the peak season for buyers and sellers. That’s up 1.5%

New Listings 402

New Listings Contracts Inventory Sellers 402

Housing Wire

DECEMBER 30, 2023

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. 9, 2022, and they’ll be ready for what’s coming next. So today’s tracker is focused on 2023, the inventory data, and how different this year was from 2022.

Inventory 488

Inventory New Listings Housing Market Mortgage 488

Housing Wire

OCTOBER 31, 2023

We may be nearing the bottom in home sales even if mortgage rates don’t decline. 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. There are far fewer sellers now than in any recent year. Price cuts are still on the rise About 38.9%

New Listings 466

New Listings Inventory Contracts Housing Market 466

Housing Wire

DECEMBER 23, 2023

Even with all the drama we have dealt with in 2022-2023, the housing market stayed intact and never broke. However, one thing is sure: from 2020 to 2023 we never saw credit-stressed home sellers. However, the key to this data line is that we want to see real year-over-year growth in the spring of 2024 — back to levels of 2021 and 2022.

Housing Market 517

Housing Market Marketing Inventory New Listings 517

Housing Wire

MARCH 18, 2024

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. 1 and as of today, March 18, mortgage rates are 30-40 basis points higher than Jan. This week in 2022 was the last of the 3% mortgages.

Inventory 384

Inventory New Listings Sellers Contracts 384

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. New listing volume last week was 18% more than a year ago. More sellers means more sales in 2024.

Inventory 457

Inventory New Listings Contracts Sellers 457

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. 2022: 17.6%

Inventory 422

Inventory New Listings Mortgage Housing Market 422

Housing Wire

APRIL 27, 2024

I have a simple model with mortgage rates being above 7.25%: weekly inventory data should grow between 11,000-17,000 per week. This isn’t saying too much since 2023 had the lowest recorded level of new listings ever, but it’s still a plus in my book. 2022: 19.2% The mortgage spread data got worse last week.

Inventory 495

Inventory Housing Market Marketing New Listings 495

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.

Housing Market 538

Housing Market Marketing Mortgage Inventory 538

Housing Wire

MAY 22, 2024

So, unless mortgage rates drop fast and demand picks up, inventory should have an average year of growth before the seasonal decline. We have had two times recently when mortgage rates dropped more than 1%. 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

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. 2023 started with recovery, but slowed down in Q3 as mortgage rates hit 8%. Sellers are coming back There are 499,000 single-family homes unsold on the market now. Currently 32.8%

Real Estate 487

Real Estate Marketing Inventory New Listings 487

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. Weekly active listings rose by only 4,401. Mortgage rates went from 7.19%% to 7.37%. Purchase application data didn’t budge much on the week-to-week data.

Inventory 366

Inventory Mortgage New Listings Sellers 366

Housing Wire

JANUARY 13, 2024

So let’s hope for more home sellers in 2024. 6-13): Inventory rose from 471,349 to 473,406 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 is 569,898 For context, active listings for this week in 2015 were 931,002 I don’t want to jinx this because active inventory rose last year at this time.

Inventory 519

Inventory New Listings Retail Mortgage 519

Housing Wire

JANUARY 6, 2024

I believe this was the most overlooked housing story of the last year because even as mortgage rates rose all the way to 8% , the home price cut percentage data was always about 4% lower year over year. Now that mortgage rates have fallen and as we start the brand new year, we need to focus on this data line more.

Inventory 540

Inventory New Listings Housing Market Mortgage 540

Housing Wire

MAY 6, 2024

As mortgage rates stay elevated and the number of unsold homes on the market grows — especially in the South — the leading indicators for future home sales prices continue to be softer than the current headlines suggest. That can change if mortgage rates fall dramatically, but the current trends show weakening home prices, not strengthening.

Inventory 392

Inventory Contracts Sellers New Listings 392

Housing Wire

NOVEMBER 27, 2023

You also know that new listings are up over last year, too. New listings volume is up, too. There were 58,000 new listings this week, with 10,000 of those homes already under contract as immediate sales. A few more sellers appear to be braving the market each week. Short on time?

New Listings 479

New Listings Contracts Inventory Housing Market 479

Housing Wire

DECEMBER 7, 2022

Since the weaker CPI data was released in November, bond yields and mortgage rates have been heading lower. The question then was: What would lower mortgage rates do to this data? However, mortgage rates have fallen more than 1% since the recent highs, so it’s time to look at the data to explain how to interpret it.

Housing Market 540

Housing Market Mortgage Marketing Inventory 540

Housing Wire

DECEMBER 4, 2023

New listings and home sales remain low this week while available inventory of unsold homes is finally falling across the country after rising with mortgage rates late into November. Home prices will also be up and we have more homes under contract than we did at the end of 2022. We want new listings volume to show growth.

Housing Market 483

Housing Market Marketing Inventory New Listings 483

Housing Wire

DECEMBER 16, 2023

The Federal Reserve played the good grinch for Christmas this year and delivered the best gift for homebuyers nationwide, leading to lower mortgage rates. The 10-year yield and mortgage rates fell together after the Fed meetings, which gave us mortgage rates under 7% last week. 9, 2022, and for many years: It’s rare the U.S.

Inventory 532

Inventory New Listings Mortgage Law 532

Housing Wire

MAY 8, 2024

After 2010, qualified mortgage laws were in place, meaning everyone getting a mortgage has to be able to repay the loan. You can see the drastic change this made in the Mortgage Bankers Association Credit Availability index , below, which skyrocketed in 2005 and 2006 before an epic collapse in 2008.

Inventory 416

Inventory Law New Listings Sellers 416

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. But even with mortgage rates getting as high as 8%, we’ve yet to hit within that range. Last week, mortgage rates rose toward 7.56%. Weekly inventory change (Nov.

Inventory 442

Inventory New Listings Mortgage Retail 442