article thumbnail

Opinion: Riding the wave

Housing Wire

In Denver in particular, new listings increased 29.12% month-over-month and 22.63% year-over-year. Active listings at month’s end rose 13.14% to 5,511 homes, an astounding 45.87% gain year-over-year. Serious buyers showed discernment as they know inventory is growing. In 2024, the housing market is set to continue on.

Inventory 310
article thumbnail

Housing Market Tracker: Inventory falls even lower

Housing Wire

The seasonal housing inventory bottom evaded us again last week as active listings fell and new listing inventory decreased. Here’s a quick rundown of the last week: Active inventory fell 5,383 last week, and new listing data is still trending at all-time lows in 2023.

Inventory 520
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Logan Mohtashami’s 2024 housing market and rate forecast

Housing Wire

If I am wrong and mortgage rates go lower for longer and we don’t get more new listings in 2024, then home prices can grow faster in 2024 because we will have the same issue as before: too many people chasing too few homes. We haven’t had new listings data break over 90,000 in the peak seasons of 2021, 2022 or 2023.

article thumbnail

Housing Market Tracker: Spring inventory falls

Housing Wire

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. New listing data was trending at all-time lows in 2021 abd 2022 and now it’s creating a new all-time low trend in 2023.

Inventory 482
article thumbnail

Fed’s Beige Book shows recent moderation in mortgage rates propped up demand for homes

Housing Wire

Although inventory levels remained low, listings increased by modest to significant margins around the First District in recent months, lending increased optimism for sales moving forward. New-home builders continued to report steady sales at relatively strong levels, in part because of the lack of existing for-sale homes.

Mortgage 346
article thumbnail

Housing inventory falls under 1M again as sales collapse

Housing Wire

During that period, we saw new listing data decline. However, in 2020 new listing data came back, and we don’t want to see the new listings continue to decline this year — that would be a double negative for the housing market.

Inventory 536
article thumbnail

30 real estate social media post ideas (+ popular agents to follow)

Housing Wire

In this article, we’ll share ideas and tips, including the best way to present new listings and how to engage your followers with valuable educational content. Be sure to label on the photo or video that your post is a new listing, as people may miss the caption while scrolling.