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. Or, to put it another way: demand slows, inventory grows.

Inventory 391

Inventory Mortgage New Listings Sellers 391

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 433

Inventory New Listings Sellers Contracts 433

Housing Wire

APRIL 29, 2024

The weekly volume of new listings is now higher than at anytime last year. 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. housing market at the end of April 2024.

Sellers 475

Sellers Marketing Inventory Contracts 475

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 411

Inventory New Listings Housing Market Sellers 411

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.

Insurance 381

Insurance Inventory Marketing Real Estate 381

Housing Wire

OCTOBER 16, 2023

Available inventory of unsold homes rose by 1.8% 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. Will we see inventory growth YoY by November? Note the inventory climb is not from sellers. fewer than last year.

Inventory 443

Inventory Contracts Sellers New Listings 443

Housing Wire

JANUARY 8, 2024

Could the housing market change and slow again in 2024? The data does not show any slowing on any of the active market metrics. Inventory is inching up. Sellers are coming back There are 499,000 single-family homes unsold on the market now. Each week, inventory is increasing just a bit relative to last year.

Real Estate 488

Real Estate Marketing Inventory New Listings 488

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. Inventory is 1.2%

Housing Market 483

Housing Market Marketing Inventory New Listings 483

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. This is a demand-driven slowdown, because new listings supply is still running 9% to 10% fewer homes for sale each week than this time last year.

Inventory 483

Inventory Contracts New Listings Mortgage 483

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%.

Inventory 439

Inventory Housing Market Marketing Mortgage 439

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. That’s 14% more new listings than for the same week a year ago.

Sellers 369

Sellers Housing Market Buyers New Listings 369

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. The Fed met last week and we escaped dramatic changes in the markets. Housing inventory The available inventory of unsold homes continued to climb last week. Now it’s on the rise.

New Listings 487

New Listings Inventory Contracts Sellers 487

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. During that period, we saw new listing data decline.

Inventory 539

Inventory Housing Market New Listings Marketing 539

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. This is the percent of the homes on the market that have taken a price cut from the original list price. of the homes on the market have taken a price cut.

Inventory 409

Inventory New Listings Sellers Contracts 409

Housing Wire

AUGUST 7, 2023

As a result, the available inventory of homes for sale is slightly higher each week. The surprisingly strong economy has the markets assuming the Fed will keep rates higher for longer, therefore, mortgage rates follow suit. With fewer transactions, inventory is building just a bit as we approach the end of the summer.

Inventory 301

Inventory New Listings Contracts Buyers 301

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 421

New Listings Contracts Inventory Sellers 421

Housing Wire

DECEMBER 2, 2021

It’s official – housing inventory in America is at a crisis level. The number of active listings hit an all-time low during the week ending November 28, according to a Redfin report published on Wednesday. In this extremely tight housing market, we would quickly see a proportional increase in competition and home prices.”.

Inventory 502

Inventory New Listings Contracts Housing Market 502

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 492

Inventory New Listings Sellers Contracts 492

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. Looking ahead, price growth will cool down in the second half of 2024 because of increased inventory and more homes taking a price cut before selling. from the previous year ($385,800). All four U.S.

Inventory 466

Inventory New Listings Housing Market Contracts 466

Housing Wire

NOVEMBER 6, 2023

held up in 2023, sales volume in the housing market cratered. If we get lucky with mortgage rates, though, we might just be at the bottom of the housing market recession right now. To get the weekly picture of the housing market, watch the video above. Housing inventory. Housing inventory. Don’t have time?

Housing Market 488

Housing Market Marketing Inventory Contracts 488

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. Our immediate sales metric of homes that get offers within a couple days of listing also slowed. 50,000 new pendings.

Real Estate 406

Real Estate New Listings Contracts Inventory 406

Inman

FEBRUARY 5, 2024

In January, the real estate market saw a 17.5 percent decline in net new listings and a 2 percent decrease in contract signings, driven by mortgage rate fluctuations, according to HouseCanary.

New Listings 145

New Listings Contracts Inventory Real Estate 145

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. Rising rates make more inventory. So how much inventory will we add this fall?

Inventory 370

Inventory Contracts Buyers Sellers 370

Housing Wire

NOVEMBER 27, 2023

If you follow real estate data closely, you’ll know that inventory rose late into November. You also know that new listings are up over last year, too. 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%

New Listings 485

New Listings Contracts Inventory Housing Market 485

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 410

Inventory Contracts Sellers New Listings 410

Housing Wire

OCTOBER 31, 2023

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. To get the weekly picture of the housing market, watch the video above. Don’t have time?

New Listings 479

New Listings Inventory Contracts Housing Market 479

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.

Inventory 391

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. 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? So the spread grew.

Mortgage 490

Mortgage Inventory Sellers New Listings 490

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.

Mortgage 370

Mortgage New Listings Inventory Sellers 370

Housing Wire

FEBRUARY 5, 2024

When the economy and job growth are stronger than expected, the bond market assumes that fewer rate cuts are coming. As mortgage rates remain higher than last year, inventory is higher than last year as well. Higher rates equals higher inventory. Lower rates equals lower inventory. When will inventory be at normal levels?

Mortgage 416

Mortgage Inventory Sellers New Listings 416

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.

Inventory 441

Inventory Mortgage New Listings Retail 441

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. It’s not unusual for a little jump in new listings in September. This is a trend worth watching.

Housing Market 420

Housing Market Marketing Inventory New Listings 420

Housing Wire

OCTOBER 24, 2023

For home prices to adjust significantly, we need an imbalance of supply versus demand, and this market is surprisingly balanced. To get the weekly picture about the housing market, watch the video above. Inventory is up as homes sit for longer As of Oct. 23, there were 554,000 single-family homes on the market.

Contracts 457

Contracts Inventory New Listings Housing Market 457

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. Don’t have time?

Mortgage 410

Mortgage Inventory Contracts Sellers 410

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 415

Sellers Inventory New Listings Contracts 415

Housing Wire

APRIL 9, 2024

Tomorrow, CPI data will be big for the bond market and mortgage rates, but the real story for 2024 is that mortgage rate spreads have improved this year,” HousingWire lead analyst Logan Mohtashami said. Additionally, last week added only 55,000 new listings for single-family homes, down 8.5% from the week prior and down 1.5%

Mortgage 376

Mortgage New Listings Inventory Contracts 376

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. Buyer disappointment.

Housing Market 400

Housing Market Marketing Inventory Buyers 400