Housing Wire

NOVEMBER 20, 2023

Last week, I asserted that housing inventory growth had finished for the year. This week, the available inventory of unsold single-family homes crept up minimally. 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.

Inventory 393

Inventory New Listings Housing Market Sellers 393

Housing Wire

NOVEMBER 27, 2023

If you follow real estate data closely, you’ll know that inventory rose late into November. Watch the video above to get the latest housing market update from Altos Research. Inventory (finally) peaks for the year Housing inventory was down by 0.7% Run a free Altos market report for your area.

New Listings 479

New Listings Contracts Inventory Housing Market 479

Housing Wire

MARCH 11, 2024

Last fall when people were still expecting mortgage rates to be falling this year, it was common to assume rates would be in the low 6s or 5s this year and people asked me if lower rates would bring a flood of inventory. The only way inventory would grow in 2024 is if mortgage rates climbed. But the evidence is the opposite.

Inventory 499

Inventory New Listings Sellers Real Estate 499

Housing Wire

JANUARY 16, 2024

real estate housing market signals have been gradually building for a couple of months. Home sellers are starting to ease back into the market, new listings are finally exceeding the levels of a year ago. As a result, we’re starting to see slightly more available supply of homes on the market. That’s a 1.2%

Inventory 419

Inventory New Listings Sellers Contracts 419

Housing Wire

MARCH 18, 2024

As we started 2024, the signals in the U.S. 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. They climbed starting Jan.

Inventory 384

Inventory New Listings Sellers Contracts 384

Housing Wire

OCTOBER 16, 2023

Available inventory of unsold homes rose by 1.8% The leading indicators for sales prices show that 2023 will end with home price gains of 1-2% over 2022, but the 2024 outlook is weakening and depends on your view of mortgage rates in Q1 and whether home prices will appreciate next year. Will we see inventory growth YoY by November?

Inventory 435

Inventory Contracts Sellers New Listings 435

Housing Wire

DECEMBER 11, 2023

Watch the video above to get the latest housing market update from Altos Research. Inventory is declining for the holidays There are now 546,000 single-family homes on the market. Inventory is finally declining for the holidays. There are 2% more homes on the market now than last year at this time.

Inventory 436

Inventory Contracts Sellers Housing Market 436

Housing Wire

MARCH 14, 2024

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I Due to the demand from move-up buyers in Tiller’s area, the average days on market for homes with a median price of roughly $190,000 was just 17 days as of early March 2024.

Inventory 370

Inventory Buyers Agents Real Estate 370

Housing Wire

APRIL 15, 2024

Higher mortgage rates have forced available inventory to climb all year. Housing inventory There are now 526,000 single-family homes active unsold on the market. jump in unsold inventory in a week is very notable. As mortgage rates rise, inventory rises. So, rates are up and inventory is undeniably growing.

Inventory 373

Inventory Mortgage New Listings Sellers 373

Housing Wire

MAY 22, 2024

So, it was necessary to highlight that for this report because our fresh current inventory data paints a different picture. From NAR : The median existing home price for all housing types in April was $407,600, an increase of 5.7% The chart below shows that the inventory growth rate picked up more in 2024 after March.

Inventory 449

Inventory New Listings Housing Market Contracts 449

Housing Wire

APRIL 15, 2024

Although more agents are fielding questions about the commission lawsuits than they were a quarter ago , they also remain optimistic about where the housing market is headed in the second quarter of 2024, according to the RealTrends Q2 2024 AgentPulse survey.

Inventory 364

Inventory Agents Real Estate Sellers 364

Housing Wire

FEBRUARY 15, 2024

“We are excited about how we are set up for 2024 and beyond,” CEO Carrie Wheeler told investors and analysts listening to the firm’s Q4 2023 earnings call on Thursday evening. billion in inventory. billion in inventory. “We After posting a $1.4 Opendoor executives also noted the firm’s goal to return to adjusted net income.

Business 318

Business Advertising Inventory Contracts 318

Housing Wire

DECEMBER 19, 2023

The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. In this week’s Altos Research video, I look at how home sellers and sales are up, but that doesn’t mean prices will climb in 2024. Housing inventory climbed late in the year as mortgage rates rose.

Sellers 424

Sellers Marketing Inventory Contracts 424

Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. increase between 2024 and 2025 to a pace of 5.35

Contracts 445

Contracts Housing Market Construction Inventory 445

Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I We are seeing a healthy increase in inventory, which we really needed.” Smith attributes the uptick in inventory to a bump in new listings.

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Insurance Inventory Marketing Real Estate 363

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 is alarming because this was the moment last year when the market turned south. Last year, inventory climbed dramatically for months. This is a trend worth watching. What’s happening?

Housing Market 405

Housing Market Marketing Inventory New Listings 405

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. But, 2024 is starting stronger than last year. But, 2024 is starting stronger than last year. Could the housing market change and slow again in 2024? Inventory is inching up.

Real Estate 487

Real Estate Marketing Inventory New Listings 487

Housing Wire

APRIL 29, 2024

It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. The bearish take is that there are many more sellers than buyers and inventory is rising. In addition to a higher number of new listings, there were also more new contracts started this week than in any week in 2023.

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. The good news for the housing market is that the pace of sales is gradually improving due to the expanded supply. housing market as we roll into May 2024.

Inventory 392

Inventory Contracts Sellers New Listings 392

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?

New Listings 466

New Listings Inventory Contracts Housing Market 466

Housing Wire

APRIL 13, 2024

Now that this technical level has been broken, 2024 is going to be a lot more interesting, something I discussed in an interview with Yahoo Finance. Now, with the specter of a wider war in the Middle East as Iran launches strikes against Israel , what will the bond market do?

Inventory 422

Inventory Mortgage New Listings Retail 422

Housing Wire

MAY 13, 2024

hits peak homebuying season, the signals across the country are mixed at best as some markets are accelerating while others are slowing quickly. Inventory continues to build at the national level, something that’s happening most rapidly in the South. real estate market as of mid-May 2024. As the U.S. That’s up 1.5%

New Listings 402

New Listings Contracts Inventory Sellers 402

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. Multiple offers, however, are still occurring, especially on starter and mid-priced homes, even as price concessions are happening in the upper end of the market.”

Inventory 377

Inventory Realtors New Listings Contracts 377

Housing Wire

MAY 18, 2024

The moves haven’t been significant and our weekly pending contracts data picked up this week. Weekly housing inventory data For the third consecutive week, we haven’t quite reached my weekly target of inventory growth between 11,000 and 17,000 homes. We have a much more normal marketplace in 2023 and 2024.

New Listings 432

New Listings Inventory Mortgage Contracts 432

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 inventory , which continues to grow by 3% each week. housing market for the week of April 22. There are 543,000 single-family homes on the market now.

Inventory 474

Inventory New Listings Sellers Contracts 474

Housing Wire

JANUARY 22, 2024

For several weeks, I’ve been reporting data that shows the housing market growing in 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.

Real Estate 387

Real Estate New Listings Contracts Inventory 387

Housing Wire

OCTOBER 26, 2023

Despite the slight gain, pending contracts remain at historically low levels due to the highest mortgage rates in 20 years,” Lawrence Yun, NAR chief economist said in a statement. Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated.” in 2024, hitting 800,000 new homes. in 2024, to $445,800.

Inventory 355

Inventory Contracts Housing Market Realtors 355

Housing Wire

JANUARY 29, 2024

We shared that sales growth data back in December as it was happening in the housing market. 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.

Contracts 390

Contracts Inventory Housing Market Mortgage 390

Housing Wire

OCTOBER 10, 2023

The same trends in the housing market in recent weeks are still dominant this week. To find out more of my weekly housing market insights backed by Altos Research data, watch the video above. To find out more of my weekly housing market insights backed by Altos Research data, watch the video above.

Mortgage 391

Mortgage Inventory Contracts Sellers 391

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. Is it too much inventory?

Mortgage 481

Mortgage Inventory Sellers New Listings 481

Housing Wire

MAY 20, 2024

There are more homes sitting on the market that didn’t get offers at their original list price and have had to reduce their prices than in any recent May. Well, I have revised down my estimates for national home-price appreciation for 2024. This year, it’s Florida and the Southern markets. That’s up 1.7%

Inventory 392

Inventory New Listings Sellers Contracts 392

Housing Wire

NOVEMBER 21, 2022

The forecast for the housing market is expected to get gloomier next year before rebounding to 2022 levels in 2024. million in 2024. In addition, the unsold existing homes inventory has slipped for three consecutive months, ending October at 1.22 million in 2022 before dropping to 4.42 trillion in 2022.

Contracts 357

Contracts Government Mortgage Buyers 357

Housing Wire

FEBRUARY 24, 2024

As someone who doesn’t believe the Federal Reserve has pivoted and that the Fed enacted a COVID-19 housing policy to keep existing home sales depressed, It’s not shocking to me that rates are still this high, even though we had lower rates with a higher growth rate of inflation data. That hasn’t happened.

Mortgage 445

Mortgage Inventory New Listings Housing Market 445

Housing Wire

JANUARY 19, 2024

Today, we need context for the growth we’ll see in existing home sales in 2024. Remember, with median sales prices and inventory, it’s very seasonal. However, remember, the dive in inventory is normal at this time of the year. Whenever the days on the market fall to a teenager level, nothing good happens in housing.

Housing Market 405

Housing Market Inventory Contracts Marketing 405

Housing Wire

FEBRUARY 26, 2024

Inventory is rising across the country as home-buying affordability takes another hit. As demand slows, inventory grows. As a result, inventory is higher and future sales price indicators are also softer than they were a year ago. The housing market data has been changing very rapidly this year.

Sellers 401

Sellers Inventory New Listings Contracts 401

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

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Housing Market Marketing Contracts Finance 374

Housing Wire

MARCH 28, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. Ongoing job gains are clearly increasing demand along with more inventory.” from January to February due to steadily growing inventory. Overall, active inventory grew 14.8% annually in February 2024.

Inventory 418

Inventory Realtors Contracts Sellers 418