Housing Wire

NOVEMBER 14, 2023

As 2023 draws to a close soon, housing inventory has been rising very late in the year. Watch the weekly housing market recap video above to get the latest housing market data download from Altos Research. Remember the Altos rule: If rates go up, inventory will build in 2024.

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Housing Market Marketing Inventory Contracts 428

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. Housing inventory.

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Housing Market Marketing Inventory Contracts 488

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. However, mortgage rates didn’t stay flat. They climbed starting Jan.

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Inventory New Listings Sellers Contracts 401

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.

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Inventory New Listings Sellers Real Estate 501

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%

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Inventory New Listings Sellers Contracts 433

Housing Wire

SEPTEMBER 7, 2023

A slight cooling in mortgage rates wasn’t enough to keep mortgage applications from sinking to a 28-year low. Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.12% as of Sept.

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Housing Market Mortgage Marketing Contracts 416

Housing Wire

FEBRUARY 12, 2024

Each week — for several months now — inventory levels of unsold homes on the market has been expanding compared to last year. Even as inventory declined this week, it’s relatively growing compared to a year ago. This week, inventory fell by half a percent. Sellers are coming back to this housing market.

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Sellers Housing Market Buyers New Listings 369

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 391

Housing Wire

FEBRUARY 20, 2024

Inventory is climbing vs. last year, and home prices have stayed flat for three weeks now. Mortgage rates are back over 7%. 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.

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Mortgage Inventory Sellers New Listings 490

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. The days on market were too low.

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Inventory Housing Market New Listings Marketing 539

Housing Wire

OCTOBER 16, 2023

Available inventory of unsold homes rose by 1.8% It’s quite clear that homebuyers have hit the brakes waiting to see if mortgage rates recede from these multi-decade highs. Here are some of the takeaways: There are now 546,000 single-family homes on the market — 3.5% Inventory is climbing more quickly now than last year.

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Inventory Contracts Sellers New Listings 443

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? Consumers are very sensitive to changes in mortgage rates , and rates are still rising. from last week.

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Inventory Contracts New Listings Mortgage 483

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. That’s a change in expectation of mortgage rates.

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Housing Market Marketing Inventory New Listings 420

Housing Wire

APRIL 13, 2024

Mortgage rates headed higher last week after the CPI inflation report , but now, with news of a wider war in the Middle East, should we expect even higher rates? Some argue that money will go into the safety of the bond market, while others say a wider war can lead to higher inflation and higher rates.

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Inventory Mortgage New Listings Retail 441

Housing Wire

OCTOBER 10, 2023

The same trends in the housing market in recent weeks are still dominant this week. Mortgage rates continue to climb. It’s not uncommon to hear rates quoted over 8% for a 30-year fixed mortgage. To find out more of my weekly housing market insights backed by Altos Research data, watch the video above.

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Mortgage Inventory Contracts Sellers 410

Housing Wire

APRIL 30, 2024

Mortgage rates inched higher last week ahead of the Federal Reserve ’s Federal Open Markets Committee on Wednesday and the national jobs report on Friday. As of April 26, there were 556,000 single-family homes on the market, up 2.4% About 13,000 additional properties were added to the market during the previous week.

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Mortgage New Listings Inventory Sellers 370

Housing Wire

MAY 4, 2023

A paradoxical picture is emerging as the spring market is underway. 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.

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Housing Market Marketing Inventory Buyers 400

Housing Wire

MARCH 31, 2021

After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February. drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. Tightened supply was largely responsible for a 10.6%

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Inventory Contracts Housing Market Buyers 493

Housing Wire

AUGUST 21, 2023

Mortgage rates only kept climbing in the last week. 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. Rising rates make more inventory.

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Inventory Contracts Buyers Sellers 370

Housing Wire

NOVEMBER 17, 2022

For this reason, the number of housing units “under construction” is the largest ever recorded in history because they were taking so long to finish. For the builders, they have a new problem: they had homes under contract and then mortgage rates jumped in the biggest fashion ever recorded in history.

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Contracts Construction Supply Chain Marketing 542

Housing Wire

DECEMBER 23, 2022

This article is part of our 2022-23 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. at the end of 2022.

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Housing Market Marketing Inventory Buyers 371

Housing Wire

DECEMBER 2, 2021

It’s official – housing inventory in America is at a crisis level. I think more new listings will hit the market in the new year, but there will also be a long line of buyers who are queuing up right now.”. In the short term, global interest rates, including mortgage rates, could fall. “In

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Inventory New Listings Contracts Housing Market 502

Housing Wire

AUGUST 7, 2023

Even as mortgage rates climbed over 7% in the past six weeks, home prices have not declined. As a result, the available inventory of homes for sale is slightly higher each week. Mortgage rates are sitting at their highest levels in many years. When will inventory peak for the year? As demand dips, the prices are not.

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Inventory New Listings Contracts Buyers 301

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. We’re watching inventory , which continues to grow by 3% each week.

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Inventory New Listings Sellers Contracts 492

Housing Wire

AUGUST 14, 2023

Mortgage rates have been stubbornly above 7% for two months and it sure looks like home buyers are growing weary. It was mid-June when it looked like mortgage rates might continue to ease down but then the opposite happened. This is a seasonal inventory gain. Lower rates lead to lower inventory.

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Housing Market Inventory Marketing Buyers 357

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. That can change if mortgage rates fall dramatically, but the current trends show weakening home prices, not strengthening. housing market as we roll into May 2024.

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Inventory Contracts Sellers New Listings 410

Housing Wire

FEBRUARY 5, 2024

Mortgage rates are back up over 7% this morning on the back of strong economic growth data. When the economy and job growth are stronger than expected, the bond market assumes that fewer rate cuts are coming. The 10-year bond yield jumped back over 4% and that pushes mortgage rates higher too. Lower rates equals lower inventory.

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Mortgage Inventory Sellers New Listings 416

Housing Wire

OCTOBER 31, 2023

We may be nearing the bottom in home sales even if mortgage rates don’t decline. As a result, there may be a light at the end of the tunnel in this crazy market cycle. 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. Don’t have time?

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New Listings Inventory Contracts Housing Market 479

Housing Wire

NOVEMBER 17, 2020

This year has been full of surprises, but the biggest might be how exceptional the housing market is performing, National Association of Realtors Chief Economist Lawrence Yun said on Tuesday. A lingering trend in the housing market has been the increase of homeowners relocating to the suburbs and vacation towns.

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Housing Market Marketing Realtors Inventory 521

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. Mortgage rates are at 7.5% Mortgage rates are now topping 7.5%, the highest levels seen this year. orate further?

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Sellers Marketing Inventory Contracts 475

Housing Wire

FEBRUARY 24, 2024

Mortgage rates have risen recently but they could be much worse than they are today. Mortgage rates and the 10-year yield The 10-year yield is the key for housing in 2024. The most important data line for me, along with mortgage rates , is jobless claims data because I value labor data over inflation.

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Mortgage Inventory New Listings Housing Market 461

Housing Wire

APRIL 17, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. Austin, Texas In 2021, Austin had one of the hottest housing markets in the country. For agents and sellers looking to succeed in Austin’s current market, Redding says pricing is key. “We

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Housing Market Marketing Inventory Buyers 361

Housing Wire

MARCH 27, 2023

Housing markets in tech hubs were in high demand during the pandemic, with potential buyers facing fierce competition on homes in cities like San Jose and Austin. But with the tech sector in turmoil, a looming recession, and consistently elevated mortgage rates, that trend is now making an about-face.

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Housing Market Marketing Contracts Buyers 348

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. This is a much different market now.

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New Listings Contracts Inventory Sellers 421

Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Overall, annual mortgage origination levels are expected to be $2.8

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Housing Market Marketing Supply Chain Real Estate 393

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.

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Inventory New Listings Housing Market Contracts 466

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. We had 37.6%

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Sellers Marketing Inventory Contracts 436