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. Active housing inventory , thankfully, saw some decent growth last week. Mortgage rates rose to a 2023 year high of 7.12% as the debt ceiling talks pushed bond yields higher.

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Housing Market Mortgage Marketing Inventory 484

Housing Wire

JANUARY 1, 2024

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Now that we’re in 2024, the Federal Reserve ‘s rate hike cycle is over, so let’s look at what that means for housing demand and home prices.

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Housing Market Marketing New Listings Construction 521

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 486

Housing Wire

DECEMBER 4, 2023

Now that Thanksgiving is behind us and December is well under way, we can start looking ahead to the 2024 housing market. 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.

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Housing Market Marketing Inventory New Listings 483

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. This week’s trading in the bond market will be exciting with the upcoming inflation data.

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Housing Market Marketing Mortgage Inventory 538

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. All major housing market metrics point to a restrained housing market. What can we expect in 2023? This article is part of our ongoing 2023 Housing Market Forecast series.

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Housing Market Marketing Inventory Buyers 384

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. We might only be a few weeks into 2023, but these first weeks have been rich with informative data.

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Housing Market Marketing Inventory New Listings 343

Housing Wire

DECEMBER 28, 2022

This article is part of our 2022-23 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Heading into 2023, it seems well within reason, given current trends, that a peak-to-trough decline in home prices of 10% is possible. . months nationally.

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Housing Market Marketing Inventory Mortgage 481

Housing Wire

AUGUST 27, 2023

Did the recent move in higher mortgage rates impact the new listings data more than normal? I hope this isn’t the case, but we had a noticeable move lower in new listings last week. The Fed spoke at Jackson Hole last Friday but that didn’t move mortgage rates much. Weekly active listings rose by only 6,618.

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New Listings Mortgage Inventory Marketing 359

Housing Wire

APRIL 23, 2023

Can we now say that the housing market ‘s spring selling season is finally underway? Since 2020, the seasonal bottom for housing inventory has arrived several months later than normal, making it more complicated to track housing inventory data. Again, I am a bit mindful here due to Easter.

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Inventory Housing Market Marketing New Listings 542

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. These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. In a regular market, they would be closer to 5.25%.

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Inventory Housing Market Marketing Mortgage 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. Purchase application data rose again, with more positive than negative data in 2023. Mortgage rates didn’t move too much last week but ended the week on a higher note at 6.50%.

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Inventory Housing Market Marketing New Listings 518

Housing Wire

JULY 9, 2023

The slow zombie crawl of housing inventory went lower last week as inventory was negative week to week. In addition, mortgage rates rose to a yearly high as labor data stayed firm and purchase apps had their first negative week after three straight weeks of positive growth. bond market doesn’t see a job-loss recession happening soon.

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Inventory Housing Market Marketing New Listings 450

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.

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Mortgage Inventory New Listings Housing Market 501

Housing Wire

MAY 25, 2024

The mortgage rate lockdown premise holds that very few people will list their homes when mortgage rates are this high, thus suppressing inventory. 2024 has had healthy inventory growth despite mortgage rates above 7%. When mortgage rates increase, demand falls, and the price-cut percentage grows.

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Inventory Mortgage New Listings Marketing 455

Housing Wire

MAY 21, 2023

It was a wild ride for the housing market last week! The 10-year yield rose noticeably, sending mortgage rates near 7% right in the heart of the spring selling season. New listings data fell, however, active inventory grew. Mortgage rates rose last week as we started the week at 6.55% but ended at 6.90%.

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Housing Market Marketing Inventory New Listings 475

Housing Wire

MAY 7, 2023

Just when I thought it was safe to say we were getting more traditional spring housing inventory , we hit a snag last week, as active inventory and new listings declined. We had a lot of drama over the week between Federal Reserve meetings and banking stress, and mortgage rates and purchase applications both fell.

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Inventory Housing Market Marketing New Listings 481

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 other focus should be where mortgage rates go; only a little happened last week. The fear of not having an increase in inventory this spring should be put to rest.

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Inventory Housing Market Marketing New Listings 509

Housing Wire

NOVEMBER 6, 2023

held up in 2023, sales volume in the housing market cratered. Consumers care about home prices and mortgage rates; the industry cares about transaction volume. The industry is in a deep housing recession this year. To get the weekly picture of the housing market, watch the video above. Plus, 39.2%

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Housing Market Marketing Inventory Contracts 472

Housing Wire

MAY 15, 2024

This is an excerpt of a HousingWire Research report titled: What Everyone Needs to Know about Mortgage Rate Lock-in, by Altos President Mike Simonsen. housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. million in January 2021 (when mortgage rates were 2.7%) fell to 3.9

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Mortgage New Listings Inventory Sellers 363

Housing Wire

MARCH 16, 2024

The 10-year yield is at the same critical point as last year before the Fed went hawkish and sent mortgage rates to 8% and the 10-year yield to 5%. A serious 10-year yield and mortgage rate talk My work on housing moves around the 10-year yield and the economics that move that. Could this happen again?

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Housing Market Inventory New Listings Marketing 429

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. This doesn’t appear to be the case for 2023. million.

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Housing Market Marketing Inventory New Listings 415

Housing Wire

JUNE 18, 2023

Mortgage rates were near 7% last week but purchase applications were still able to pull out an 8% week-to-week gain. Active housing inventory grew while new listing data fell. Mortgage rates hardly budged last week, even with the Federal Reserve ‘s announcement it was pausing rate hikes and CPI inflation reports.

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Housing Market Marketing Inventory New Listings 447

Housing Wire

MAY 11, 2024

Mortgage rates and the bond market have fallen a bit recently and the spreads between the 10-year yield and 30-year mortgage rate have improved over last year’s levels. In the past two years, demand has always picked up whenever mortgage rates have moved lower with some duration.

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Mortgage Inventory New Listings Housing Market 390

Housing Wire

MARCH 2, 2024

The mortgage rate lockdown premise says that if rates rise, inventory can’t grow meaningfully. The idea is that nobody will trade their low mortgage rates to buy another home — even though this happened every week last year. With mortgage rates higher, will this stop inventory from growing year over year?

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Inventory Mortgage New Listings Housing Market 530

Housing Wire

JANUARY 23, 2023

Here’s the housing market rundown for the last week: Purchase application data had a solid week-to-week gain of 25%. Housing inventory decreased by 566 units, which is not a significant decline. Mortgage rates fell, but the bond market didn’t break what I see as a critical level, so for now, stabilization is more important.

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Housing Market Marketing Inventory New Listings 502

Housing Wire

JULY 2, 2023

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. Mortgage rates rose last week after the better-than-anticipated jobless claims data but even with higher rates, we also had a third week of positive purchase application data.

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Inventory Housing Market Marketing New Listings 447

Housing Wire

MAY 4, 2024

My model for inventory growth with higher mortgage rates came crashing down last week. After two weeks of significant increases , inventory growth slowed dramatically and is far from my 11,000-17,000 growth model with mortgage rates over 7.25%. I wish new listings were growing faster, but I will call it a victory nonetheless.

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Inventory Mortgage New Listings Marketing 400

Housing Wire

MARCH 6, 2023

The housing market faced some serious obstacles last week as the 10-year yield broke over 4%, mortgage rates rose to over 7%, purchase apps fell again and we are still trying to find the elusive seasonal bottom for housing inventory. million in 2023. 1 song of the year.

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Inventory Housing Market Marketing New Listings 424

Housing Wire

FEBRUARY 17, 2024

Will mortgage rates break toward 8% again, making another 2024 data line that looks like a carbon copy of 2023? It’s not part of my 2024 forecast, but since the Federal Reserve likes playing with fire , let’s look at where we are with mortgage rates and their impact on weekly housing data.

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Mortgage Inventory New Listings Housing Market 501

Housing Wire

JUNE 4, 2023

Last week we saw a noticeable slowdown in housing inventory growth that I hope has more to do with a holiday week than a trend. Mortgage rates fell last week after the debt ceiling issues were resolved, but the damage from higher rates took its toll on purchase application data again.

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Inventory Housing Market Marketing New Listings 395

Housing Wire

JULY 30, 2023

Tracking housing inventory this summer is like watching a zombie slowly walking on the beach. Last week inventory growth dropped and new listing data declined again. Strong labor data pushed up mortgage rates and purchase applications fell week to week. Instead, new listings data had a small decline last week.

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Housing Market Marketing Inventory New Listings 341

Housing Wire

JUNE 11, 2023

After seeing disappointing inventory growth two weeks ago , which I chalked up to the Memorial Day holiday, I was hoping for a big push in active listings last week, but that didn’t happen. And, the recent uptick in mortgage rates to almost 7% slowed purchase application data again. First, it took the longest time in U.S.

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Inventory Housing Market Marketing New Listings 473

Housing Wire

MARCH 12, 2023

Last week was wild, and not just for the housing market. Mortgage rates fell even though the jobs report was stronger than anticipated. They reversed their bearish take on bonds, and people started to buy the 10-year yield, causing mortgage rates to fall. Last week, the year-over-year data was only down a smidge.

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Housing Market Mortgage Marketing Inventory 369

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.

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Inventory Housing Market Mortgage Marketing 367

Housing Wire

APRIL 3, 2023

Last week was relatively calm for the housing market after the fiasco of the banking crisis. Housing demand grew and inventory levels fell again while mortgage rates rose. Mortgage rates rose to 6.57%. Active inventory fell by 3,141, and new listing data fell again and is still trending at all-time lows.

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Inventory Housing Market Marketing New Listings 467

Housing Wire

JUNE 25, 2023

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%. In addition, new listing data turned negative year over year after the second half of 2022.

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Inventory Housing Market Marketing New Listings 403