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 369

Inventory Contracts Buyers Sellers 369

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? Normally by this point in September, available inventory is declining slightly each week.

Inventory 481

Inventory Contracts New Listings Mortgage 481

Housing Wire

AUGUST 7, 2023

As a result, the available inventory of homes for sale is slightly higher each week. Higher mortgage rates mean higher monthly payments, less affordability for home buyers and slightly fewer transactions. With fewer transactions, inventory is building just a bit as we approach the end of the summer.

Inventory 282

Inventory New Listings Contracts Buyers 282

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. million in January down to about 4 million in December, We now have total inventory levels near all-time lows again. In one of the most historical years in the U.S.

Inventory 536

Inventory Housing Market New Listings Marketing 536

Housing Wire

MAY 22, 2024

As you can see below, even though home prices rose in 2023, the median sales price showed negative year-over-year growth in April, May and June of last year. So, it was necessary to highlight that for this report because our fresh current inventory data paints a different picture. million in April 2023). million in April.

Inventory 449

Inventory New Listings Housing Market Contracts 449

Housing Wire

JANUARY 23, 2024

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

Real Estate Agent 403

Real Estate Agent Real Estate Buyers Agents 403

Housing Wire

MAY 4, 2023

On the one hand, elevated mortgage rates continue to erode buyers’ purchasing power, and in some markets, home prices are falling. On the other hand, inventory is still low, and homes are still selling fast, often with multiple offers. Sales and new pending contracts are below pre-pandemic levels. What can we expect in 2023?

Housing Market 387

Housing Market Marketing Inventory Buyers 387

Housing Wire

DECEMBER 16, 2022

After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. The last year has been a completely split housing market — one that started with the lowest inventory NAR has recorded dating back to 1999 and one with low mortgage rates. The housing affordability crisis has pushed potential buyers to the sidelines.

Buyers 463

Buyers Realtors Inventory Sellers 463

Housing Wire

DECEMBER 19, 2023

The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. The inventory picture There are now 539,000 single-family homes on the market unsold, which is up 3.2% Housing inventory climbed late in the year as mortgage rates rose. than last year at this time. We had 37.6%

Sellers 424

Sellers Marketing Inventory Contracts 424

Housing Wire

APRIL 29, 2024

The bearish take is that there are many more sellers than buyers and inventory is rising. Even if the imbalance of more sellers than buyers continues, more sales will happen, especially compared to last year at this time. Housing inventory There are now 556,000 single-family homes on the market. orate further?

Sellers 462

Sellers Marketing Inventory Contracts 462

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. But keep in mind that May 2023 was the weakest comparison point in sales pricing. Housing inventory There are now just under 600,000 single-family homes on the market.

Inventory 392

Inventory Contracts Sellers New Listings 392

Housing Wire

MAY 13, 2024

Inventory continues to build at the national level, something that’s happening most rapidly in the South. If you need to communicate about the real estate market with buyers and sellers, you should join us. It’s the peak season for buyers and sellers. In May of that year, inventory was climbing by 3% to 4% each week.

New Listings 402

New Listings Contracts Inventory Sellers 402

Housing Wire

FEBRUARY 20, 2024

Inventory is climbing vs. last year, and home prices have stayed flat for three weeks now. And as demand slows, inventory grows. Inventory is up over last year and is about to turn the corner and start climbing for the spring selling season, probably within a couple weeks. Dramatically few home sales was the story of 2023.

Mortgage 481

Mortgage Inventory Sellers New Listings 481

Housing Wire

MARCH 26, 2023

These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. 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%. million.

Inventory 434

Inventory Housing Market Marketing Mortgage 434

Housing Wire

MARCH 25, 2024

Specifically, when housing inventory is 25% greater than a year ago, the supply/demand balance is obviously very different than it has been. Housing inventory The available inventory of unsold homes continued to climb last week. Last year, inventory was still declining in March. Now it’s on the rise.

New Listings 479

New Listings Inventory Contracts Sellers 479

Housing Wire

APRIL 22, 2024

We’re watching inventory , which continues to grow by 3% each week. Housing inventory When we look at the active inventory of unsold homes on the market, we can definitely see the impact of higher mortgage rates in the past month. Normally, inventory is climbing at this point in the second quarter. Now we’re at 69,000.

Inventory 474

Inventory New Listings Sellers Contracts 474

Housing Wire

JANUARY 22, 2024

Those metrics, specifically the pace of new listings and new sales contracts, slowed this week. New listings and new contracts both still show a bit of improvement over 2023, but the growth rates have slid back down. The state of California had 20% more contracts started last week than the same week a year ago.

Real Estate 387

Real Estate New Listings Contracts Inventory 387

Housing Wire

FEBRUARY 21, 2023

Existing home sales started 2023 right where they left off at the end of 2022, dropping for the 12 th consecutive month. January sales reflect purchase contracts made in November or December, and there is evidence that in many markets, the housing market has bottomed out and buyers are beginning to return to the market.”

Inventory 343

Inventory Buyers Housing Market Contracts 343

Housing Wire

FEBRUARY 26, 2024

Inventory is rising across the country as home-buying affordability takes another hit. As demand slows, inventory grows. Last year at this time, we were seeing surprising home buyer demand with rates having fallen to the low 6s. Inventory There are now 498,000 single-family homes available unsold on the market around the U.S.

Sellers 401

Sellers Inventory New Listings Contracts 401

Housing Wire

JANUARY 8, 2024

Based on the trends we can see after the start of the year, I’ll project 2024 will see about 15% home sales growth over 2023. 2023 started with recovery, but slowed down in Q3 as mortgage rates hit 8%. Inventory is inching up. Each week, inventory is increasing just a bit relative to last year.

Real Estate 487

Real Estate Marketing Inventory New Listings 487

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. In other markets, including the Cleveland district, low inventory levels hindered home prices from dropping further.

Inventory 375

Inventory Housing Market Marketing Construction 375

Housing Wire

MAY 20, 2024

Price reductions typically peak in November before resetting for the holidays and the fresh inventory in the spring. 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.

Inventory 392

Inventory New Listings Sellers Contracts 392

Housing Wire

MARCH 28, 2023

2023 began as 2022 had ended, with U.S. Persistent challenges related to low inventory , however, will prevent home prices from falling dramatically. First, despite the fact that inventory has increased from a year ago, supply is still very low by historical standards. The annual growth rate in December was 4.4%. in January.

Buyers 359

Buyers Inventory Contracts Finance 359

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. Inventory creeps up There are now 562,000 single-family homes on the housing market. Don’t be surprised if inventory keeps climbing next week into November. Don’t have time?

New Listings 466

New Listings Inventory Contracts Housing Market 466

Housing Wire

JANUARY 29, 2024

Homes in contract rises There are more homes in contract now than last year at this time. Sales growth is not guaranteed This week there were 56,000 contracts started for single-family home purchases. As the year progressed, most of 2023 saw 20-30% fewer home sales than 2022. So, this growth is fragile.

Contracts 390

Contracts Inventory Housing Market Mortgage 390

Housing Wire

SEPTEMBER 7, 2023

Rising mortgage rates mean rising inventory as home buyer demand slows quickly. Most years, available inventory of unsold homes on the market peaks in August. This year inventory is still climbing. This caused inventory to rise dramatically late into October. Less demand means fewer purchases and inventory builds.

Contracts 402

Contracts Inventory Buyers New Listings 402

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 There are two ways to interpret this rise in inventory, according to Simonsen. On the more bullish side, more inventory could result in more sales.

Mortgage 351

Mortgage New Listings Inventory Sellers 351

Housing Wire

NOVEMBER 2, 2023

Real estate agents are always looking for vetted, high-quality leads — and especially so during 2023 market conditions. Below, we evaluated several platforms to find the top eight lead generation providers agents can buy real estate leads from in 2023.

Real Estate 345

Real Estate Real Estate Agent Tools Agents 345

Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. The trade organization projects a 13% increase in existing home sales between 2023 and 2024 for an annualized pace of 4.62

Contracts 445

Contracts Housing Market Construction Inventory 445

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

Mortgage 346

Mortgage Real Estate Inventory Construction 346

Housing Wire

AUGUST 1, 2023

Even as mortgage rates rose, and affordability was pushed out of reach for many potential homebuyers, there are still sufficient buyers who can afford these prices and these rates. The number of buyers has been surprising. After the mortgage rate spike in September 2022, we got significantly more bearish on home prices for 2023.

Inventory 341

Inventory Contracts Buyers Mortgage 341

Housing Wire

NOVEMBER 21, 2023

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. On the bright side, housing inventory rose 1.8% lower than October 2022 when inventory was at 1.22 Meanwhile, unsold inventory sat at a 3.6-month All four U.S.

Inventory 377

Inventory Realtors New Listings Contracts 377

Housing Wire

JULY 17, 2023

housing market could have a soft landing in 2023. By October 2022, it looked like 2023 would have rising inventory and falling home prices. But since January, home buyers have defied all expectations. Sellers have not materialized, and buyers have been buying everything that becomes available. There was no crash.

Real Estate 283

Real Estate Marketing Inventory Contracts 283

Housing Wire

SEPTEMBER 12, 2023

The point of the editorial seemed to be to scaremonger over government programs to help home buyers and student loan borrowers. Supply of homes for sale is very low, and most of the year we’ve had more buyers than sellers. New contracts dipped as affordability is out of reach for so many. That’s blatantly wrong.

Contracts 363

Contracts Inventory Housing Market Buyers 363

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. percentage points in early December, when historically that spread has ranged between 1 to 2 percentage points.

Mortgage 326

Mortgage Marketing Investors Lending 326

Housing Wire

DECEMBER 20, 2022

As we head into 2023, HousingWire sat down with Chris Boyd, the vice president of product at homebuilding technology company Built , to discuss what we should expect from the homebuilding industry in the coming year. BH: What are you expecting to see in terms of demand for new construction heading into 2023?

Supply Chain 355

Supply Chain Construction Inventory Finance 355

Housing Wire

SEPTEMBER 19, 2023

Meanwhile, the available inventory of unsold homes is growing. This week, inventory grew faster than it did last year at this time. This week was the biggest week of inventory increase all year, with inventory growing by over 9,000 single-family homes. Last year, inventory climbed dramatically for months.

Housing Market 405

Housing Market Marketing Inventory New Listings 405