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Housing Market Tracker: Inventory drops by 11,000

Housing Wire

Weekly inventory fell much more than the previous two weeks, down 11,021; new listing growth had its lowest weekly calendar print for this previous week. The new listing data had its lowest weekly print ever, down slightly from last year but more noticeably from what we traditionally saw in the previous decade.

Inventory 427
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Existing home sales data shows extent of housing inflation

Housing Wire

Existing home sales have more legs to go lower, especially now that new listing data is falling. A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. million in August.”

Inventory 437
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The standoff between homebuyers and sellers

Housing Wire

We’ve seen a massive price and payment inflation event with pricing still rising and the biggest mortgage rate increase in a single year in recent modern-day history. To have a balanced housing market, we need active listings to rise yearly, which they typically do; 2020 was an anomaly. Now fast forward to 2022.

Sellers 498
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Lower mortgage rates are stabilizing the housing market

Housing Wire

One issue that has created a waterfall dive in purchase application data and sales is that new listing data is declining faster than usual. Remember that inventory is always seasonal; it rises in the spring and summer and fades in the fall and winter. Traditionally, when mortgage rates rise post-2012, home sales trend below 5 million.

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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.

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The savagely unhealthy housing market is over

Housing Wire

This facilitated the biggest decline in existing home sales for a single year that we will ever see in modern-day history due to the high level of sales in January of 2022. Since the end of June last year, when rates went above 6%, new listing data has declined, and this last week we hit a weekly new all-time low for the previous week.

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Housing Market Tracker: Housing inventory falls once more

Housing Wire

Right after I made that forecast, new listing data started to decline earlier and faster than usual, which put a big dent in the forecast. This is only the second time in recent modern-day history that inventory starts the year under 1,000,000. Weekly inventory change (Jan. million using the NAR inventory levels.

Inventory 486