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. Since 2020, the seasonal inventory bump has happened later than usual — not until March or April.

Inventory 510

Inventory Housing Market Marketing New Listings 510

Housing Wire

JANUARY 16, 2023

Housing inventory increased by 1,339 homes nationwide. The weekly data shows some good news for the housing market ! The weekly inventory data, which had fallen faster than I had anticipated the last few weeks, has now seen a slight uptick. Weekly housing inventory. Weekly inventory change: (Jan.

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Inventory Housing Market Marketing Mortgage 530

Housing Wire

JULY 2, 2023

Housing inventory finally broke under 2022 levels last week. Since May 15, that trend has continued to the point that inventory in America is now negative year over year. We have often discussed that the housing market dynamics changed starting Nov.

Inventory 447

Inventory Housing Market Marketing New Listings 447

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. And seller growth is happening pretty much everywhere across the country, with Florida and Texas leading the way. The bearish take is that there are many more sellers than buyers and inventory is rising.

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Sellers Marketing Inventory Contracts 462

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.

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Inventory Housing Market Marketing New Listings 519

Housing Wire

APRIL 1, 2024

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. As we roll into the second quarter, we should have accelerating inventory growth each week.

Inventory 457

Inventory New Listings Contracts Sellers 457

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. NAR Active Inventory Data, traditionally between 2-2.5

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Inventory Law New Listings Sellers 416

Housing Wire

FEBRUARY 23, 2024

Although the Greater Boston area may still be plagued by persistently chilly temperatures, its housing market is still red-hot. According to data from Altos Research , the Boston-Cambridge-Quincy, MA-NH metropolitan area was the hottest housing market nationwide as of Feb. We’ve got this total rate-lock event.”

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Housing Market Marketing Inventory Buyers 464

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.

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Inventory New Listings Sellers Real Estate 499

Housing Wire

MARCH 30, 2023

But while rates have dropped, the housing market has continued to be challenged by low inventory levels. Altos Research data shows that the weekly inventory fell from 414,278 on March 17 to 413,169 on March 24. ” Surging rates ahead? . ” Surging rates ahead?

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Inventory Housing Market Marketing Mortgage 509

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.

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Sellers Marketing Inventory Contracts 424

Housing Wire

APRIL 5, 2024

As of March 29, the San Francisco-Oakland-Fremont metropolitan area was the fourth-hottest housing market in the country. The Bay Area metro had a 90-day average Market Action Index score of 61.19, according to data from Altos Research. Altos considers anything above a Market Action Index of 30 to be a seller’s market.

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Housing Market Marketing Inventory Agents 375

Housing Wire

JANUARY 2, 2024

real estate market is in and it may surprise you, but pretty much all the signals for housing in 2024 are pointing for growth now. Inventory is slowly but steadily increasing over last year, which means slightly more options for buyers this spring. The defining characteristic of 2023 was how few sellers we had.

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Housing Market Marketing Inventory Contracts 524

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. In some markets, more than 50% of active listings have experienced a price cut, according to Altos Research. the month prior.

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Sellers Buyers Inventory Real Estate Agent 494

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. Here’s a quick rundown of the last week: Active inventory grew 8,886 weekly.

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Inventory Housing Market Marketing New Listings 404

Housing Wire

MAY 23, 2024

The market continues to grapple with insufficient inventory , Redfin reported. New listings have risen approximately 8% compared to last year, yet overall inventory remains below typical spring levels.

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Inventory Sellers New Listings Buyers 344

Housing Wire

NOVEMBER 22, 2023

Going more in-depth than a Fed meeting, our virtual Housing Market Update event provides you with the strategy-building insights needed to operate in 2024. It’s a savagely unhealthy housing market out there, and these economists unpack what that means for you. Register for the virtual event on Dec.

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Housing Market Marketing Inventory Sellers 476

Housing Wire

FEBRUARY 6, 2023

Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. Let’s dive into the trend lines of the housing market. The show-me part of the housing market starts with this bounce from an extreme bottom. Weekly inventory change (Jan.

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Inventory Housing Market Marketing New Listings 434

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. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

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Inventory Housing Market Marketing Construction 375

Housing Wire

JULY 29, 2022

A few months ago, the United States housing market failed Econ 101. The table also reports the year-over-year percent change in new listings for each market. 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. Bellingham, WA 51.7% -8.3%

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Housing Market Sellers Marketing New Listings 390

Housing Wire

MARCH 2, 2024

The mortgage rate lockdown premise says that if rates rise, inventory can’t grow meaningfully. Let’s take a look at the inventory data this year to test this premise, since for many months it has been a working theory of mine that new listings data behavior last year marked a bottom and even going into 2024 we should see more sellers.

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Inventory Mortgage New Listings Housing Market 531

Housing Wire

DECEMBER 3, 2020

Even prior to the pandemic , housing inventory had hit record lows, and the problem has only gotten worse as demand continues to rise. Total home sales are outpacing new listings by a wide margin every month, and real estate tech company Homesnap foresees the shortage continuing in 2021 unless more sellers enter the market.

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Inventory Housing Market Marketing New Listings 546

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. We still see more sellers than last year. This the first inventory increase of the year.

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Sellers Inventory New Listings Contracts 401

Housing Wire

APRIL 8, 2024

With the Easter holiday last week, data for housing inventory , new listings and the pace of new contracts started all took a breather from their growth pace. Here’s how 2024 is shaping up: There are now more listings, more active inventory and more sales than a year ago. Inventory will climb again with this week’s data.

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Inventory Contracts New Listings Sellers 441

Housing Wire

APRIL 12, 2024

After heating up like the rest of the country, the Louisiana housing market has continued to cool since interest rates began to rise in the second half of 2022. Altos classifies scores above 30 to be indicative of a sellers’ market. I’ve seen buyers ask for and get between $8,000 and $10,000 in closing costs covered.

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Insurance Housing Market Marketing Agents 380

Sacramento Appraisal Blog

FEBRUARY 7, 2023

There is so much talk about buyers sitting on the sidelines right now, but let’s talk about sellers who are also sitting. This is a local trend, but it’s something showing up in many markets across the country also.

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Sellers Housing Market Marketing Real Estate 325

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. For my full analysis of this week’s housing data, watch the 11-minute video above. This is an obvious indication of slower buyer demand amid higher interest rates.

Inventory 391

Inventory Sellers Buyers New Listings 391

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.

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Inventory Agents Real Estate Sellers 364

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. I talk frequently about how rising rates creates rising inventory.

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Inventory New Listings Sellers Contracts 384

Housing Wire

MARCH 18, 2022

While demand is solid, the savagely unhealthy aspect of housing is continuing. Inventory has broken to all-time lows, but it doesn’t look like the year-over-year data will be positive at all this year unless demand softens up. NAR Research : Unsold inventory sits at a 1.7-month NAR Research : Unsold inventory sits at a 1.7-month

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Housing Market Marketing Inventory Sellers 540

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. When I came up with the “ savagely unhealthy housing market ” label in February of this year, it was based on the premise that the housing inflation story that we have had to deal with since 2020 was a historical event.

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Sellers Inventory Housing Market New Listings 498

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. All major housing market metrics point to a restrained housing market.

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Housing Market Marketing Inventory Buyers 387

Housing Wire

MAY 14, 2024

“Most of the demand is coming from first-time buyers,” Trevor Levin, a local agent with Los Angeles-based Nourmand & Associates , said. Nationwide, the share of buyers who are first-time buyers has risen in recent months. Nationwide, the share of buyers who are first-time buyers has risen in recent months.

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Buyers Inventory Landlords Real Estate 359

Housing Wire

JUNE 5, 2023

In a sense, the gridlocked housing market has been feeding on itself,” Andy Walden , VP of enterprise research strategy at Black Knight, said. Tightening credit availability, elevated rates, inventory shortages and strengthening home prices are adding to affordability challenges, the report notes. It now takes 34.2%

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Inventory Buyers Housing Market Mortgage 377

Housing Wire

APRIL 15, 2024

How will homebuyers and sellers react and how quickly can we measure it? 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.

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Inventory Mortgage New Listings Sellers 373

Housing Wire

MARCH 1, 2024

Last year was a tough one for the Indiana real estate market. We were up year over year in inventory , but we were at a 25 year low on new listings.” Both buyers and sellers are coming back to the market,” Fischer said. Like elsewhere in the country, Indiana has struggled with housing inventory.

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Housing Market Marketing Inventory Construction 395

Housing Wire

DECEMBER 2, 2020

For-sale inventory is at record lows. Construction is starting to pick up, so that should help alleviate things in the housing market. Four renovations to consider before selling your house. Worries about finding a replacement home in a hot housing market. But existing homes? Those are another story.

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Housing Market Sellers Marketing Renovations 457