Housing Wire

MAY 7, 2023

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. Weekly housing inventory The numbers this week are unfortunate: inventory should be growing like it does at this time every year.

Inventory 483

Inventory Housing Market Marketing New Listings 483

Housing Wire

OCTOBER 21, 2023

New listing data appears unafraid of the mortgage rate ghost story over the last few months. Unlike last year, when new listings data had a noticeable move lower once mortgage rates reached 6%, 8% mortgage rates haven’t had any noticeable impact on the latest new listings data.

New Listings 535

New Listings Mortgage Inventory Housing Market 535

Housing Wire

DECEMBER 2, 2023

Weekly housing inventory data It’s December, which means the seasonal decline in housing inventory is well underway, which means in 2023, I have batted a whopping zero on how much I predicted weekly inventory would grow with higher mortgage rates. Now, we see the seasonal inventory decline. Weekly inventory change (Nov.

Mortgage 542

Mortgage Inventory New Listings Sellers 542

Housing Wire

SEPTEMBER 3, 2023

Mortgage rates did fall, purchase application data rose and new listings data came back to trend. Weekly active listings rose by only 5,654 Mortgage rates went from 7.37% and ended the week at 7.08% Purchase apps rose 2 % week to week Mortgage rates and the bond market The 10-year yield and mortgage rates were wild last week.

Mortgage 450

Mortgage Inventory New Listings Marketing 450

Housing Wire

MAY 21, 2023

New listings data fell, however, active inventory grew. Here’s a quick rundown of the last week: Total active listings grew by 3,809 weekly, but new listings are still trending at all-time lows. How slow has the active listing growth been? Purchase application data fell 4.8% million to 1.04

Housing Market 493

Housing Market Marketing Inventory New Listings 493

Housing Wire

OCTOBER 28, 2023

31, 2022, that mortgage rates would hit 8% in 2023, you would reasonably assume housing inventory would sky rocket higher, home prices would fall noticeably, and the number of price cuts would be higher year over year. Last year, the seasonal peak for inventory was Oct. Weekly inventory change (Oct. Weekly inventory change (Oct.

Inventory 502

Inventory Mortgage New Listings Marketing 502

Housing Wire

JULY 9, 2023

The slow zombie crawl of housing inventory went lower last week as inventory was negative week to week. The weekly active listing data had a rare week-to-week decline. As we can see in the chart below, it’s been so slow that year-over-year inventory is now negative versus 2022.

Inventory 476

Inventory Housing Market Marketing New Listings 476

Housing Wire

JUNE 11, 2023

After seeing disappointing inventory growth two weeks ago , which I chalked up to the Memorial Day holiday, I was hoping for a big push in active listings last week, but that didn’t happen. Here’s a quick rundown of the last week: Active inventory grew 6,722 weekly. First, it took the longest time in U.S.

Inventory 510

Inventory Housing Market Marketing New Listings 510

Housing Wire

DECEMBER 16, 2023

During the last two weeks of the year, nothing much usually happens with purchase apps as we prepare for Christmas and the New Year, but I will always track the data! Weekly housing inventory data Weekly active listing data is declining now like it always does every year at this time due to seasonality.

Inventory 533

Inventory New Listings Mortgage Law 533

Housing Wire

DECEMBER 9, 2023

Weekly housing inventory data We will start with the price cut data percentage because it deserves a detailed explanation. Now lets take a look at the weekly inventory data. Last year, according to Altos Research , the seasonal peak for housing inventory was Oct. Weekly inventory change (Dec.

Mortgage 530

Mortgage Inventory New Listings Sellers 530

Housing Wire

SEPTEMBER 24, 2023

On housing inventory , new listings data saw a small decline last week, but active listings grew at a healthy clip. I have noticed for weeks now that the spreads between the 10-year yield and mortgage rates are better, so rates didn’t hit new highs last week, even with the 10-year yield breaking to new yearly highs.

Mortgage 465

Mortgage Inventory New Listings Housing Market 465

Housing Wire

JANUARY 23, 2023

Housing inventory decreased by 566 units, which is not a significant decline. Weekly housing inventory fell, but not by much. I want to see total inventory back at the 2019 level — this would mean NAR data breaking above 1.52 We don’t want inventory to stall during this time of the year; it should grow into spring.

Housing Market 502

Housing Market Marketing Inventory New Listings 502

Housing Wire

NOVEMBER 4, 2023

Weekly housing inventory dat a All I want for Christmas is one week of active inventory growth to be between 11,000-17,000 and not even Santa Claus can help me out here because the inventory growth rate has slowed down once again. It looks like I will bat a whopping 0 in 2023 for my higher rates inventory growth level forecast.

Mortgage 489

Mortgage Inventory New Listings Real Estate 489

Housing Wire

NOVEMBER 11, 2023

Total housing inventory growth has been slow in 2023, but with rising mortgage rates over the last few months, inventory has grown a bit faster than average. The question now is: Have we hit the seasonal peak in inventory for 2023? Last year, according to Altos Research , the seasonal peak for housing inventory was Oct.

Inventory 479

Inventory New Listings Mortgage Retail 479

Housing Wire

JULY 30, 2023

Tracking housing inventory this summer is like watching a zombie slowly walking on the beach. Last week inventory growth dropped and new listing data declined again. Two weeks ago we had some good movement with active listings growing almost 9,000 , but last week that fell to just 4,988, and new listings data also fell.

Housing Market 369

Housing Market Marketing Inventory New Listings 369

Housing Wire

MARCH 6, 2023

The housing market faced some serious obstacles last week as the 10-year yield broke over 4%, mortgage rates rose to over 7%, purchase apps fell again and we are still trying to find the elusive seasonal bottom for housing inventory. I discussed my theory on why inventory bottoms out later in the year on this HousingWire Daily podcast.

Inventory 482

Inventory Housing Market Marketing New Listings 482

Housing Wire

AUGUST 27, 2023

Did the recent move in higher mortgage rates impact the new listings data more than normal? I hope this isn’t the case, but we had a noticeable move lower in new listings last week. Weekly active listings rose by only 6,618. The Fed spoke at Jackson Hole last Friday but that didn’t move mortgage rates much.

New Listings 370

New Listings Mortgage Inventory Marketing 370

Housing Wire

SEPTEMBER 30, 2023

Weekly housing inventory data One of the things I got wrong this year is that I believed if mortgage rates stayed higher for longer, active inventory would grow between 11,000 and 17,000 for at least some of the weeks; that hasn’t happened recently with higher rates — close but no cigar. Last year, the seasonal peak was Oct.

Mortgage 507

Mortgage Inventory New Listings Government 507

Housing Wire

APRIL 3, 2023

Housing demand grew and inventory levels fell again while mortgage rates rose. Active inventory fell by 3,141, and new listing data fell again and is still trending at all-time lows. The answer is no, because active listings fell to a new low last week for 2023, so we have to wait and see if April will be the month.

Inventory 483

Inventory Housing Market Marketing New Listings 483

Housing Wire

JULY 23, 2023

The slow rise of housing inventory this year has made the existing home sales market savagely unhealthy again. However, last week was good; we had less inventory growth than I would like to see, but it’s better than the past few weeks. But last week did see some growth in active listings, even though it’s less than I was hoping for.

Inventory 370

Inventory Housing Market Marketing New Listings 370

Housing Wire

NOVEMBER 18, 2023

Weekly housing inventory data As someone who believes that housing inventory will grow with higher rates, I was hopeful that when mortgage rates got above 7.25% we would have a few weeks this year of 11,000-17,000 growth, which isn’t a lot. Last year, according to Altos Research , the seasonal peak for housing inventory was Oct.

Mortgage 479

Mortgage Inventory New Listings Housing Market 479

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.

Inventory 404

Inventory Housing Market Marketing New Listings 404

Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. Strategies to differentiate themselves include buying leads, providing niche loans and getting on builders’ preferred lender list.

Loan Officers 393

Loan Officers Mortgage Inventory Clients 393

Housing Wire

AUGUST 20, 2023

Last week, mortgage rates hit a 21st-century high, the 10-year yield closed slightly higher than my peak forecast for 2023 , and housing inventory growth was still slow. Weekly active listings rose by only 4,401. Will higher rates extend the inventory season, or are we going into the traditional seasonal decline?

Inventory 370

Inventory Mortgage New Listings Sellers 370

Housing Wire

JULY 16, 2023

Active listings showed growth, week to week, but much smaller than I would like to see. Weekly active listings rose by 5,569 Mortgage rates fell from 7.12% to a low of 6.87% , the recent high was 7.22% Purchase apps were up 2% from week to week. It has truly been the walking dead for inventory growth this year. Since Nov.

Housing Market 370

Housing Market Marketing Inventory New Listings 370

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 540

Inventory Housing Market New Listings Marketing 540

Housing Wire

MARCH 26, 2023

These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. Active inventory fell 1,109, and new listing data made a lovely comeback week to week but was still noticeably down year over year. In a regular market, they would be closer to 5.25%.

Inventory 441

Inventory Housing Market Marketing Mortgage 441

Housing Wire

AUGUST 13, 2023

Weekly active inventory grew slowly again and purchase apps were down week to week again. Weekly housing inventory The painful housing inventory story of 2023 continues as we had yet another week of slow inventory growth. New listings data has been trending at the lowest levels recorded in history for more than 12 months.

Mortgage 370

Mortgage Inventory New Listings Retail 370

Housing Wire

JUNE 9, 2023

history, and because of that, not even low inventory could prevent home prices from declining month to month in the second half of 2022. Now we can talk about the final stage: inventory in the U.S. Housing inventory The No. Housing inventory The No. Total active listing data still is low historically.

Inventory 546

Inventory Housing Market New Listings Mortgage 546

Housing Wire

SEPTEMBER 22, 2023

17, according to a new report from Redfin. Meanwhile, available inventory continues to dwindle as many homeowners stay put to keep their relatively low mortgage rates. 17, total active listings were at 806,701, down 16.2% However, new listings have stabilized, ticking up slightly since the beginning of September. .

New Listings 448

New Listings Inventory Buyers Mortgage 448

Housing Wire

JULY 2, 2023

Housing inventory finally broke under 2022 levels last week. To give you an idea how different this year is from last year, last week in 2022, active listings grew 30,940 while this year they only grew 5,848. Since May 15, that trend has continued to the point that inventory in America is now negative year over year.

Inventory 450

Inventory Housing Market Marketing New Listings 450

Housing Wire

FEBRUARY 27, 2023

The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. Weekly housing inventory decreased by 6,801, while new listing data is still negative year-over-year. Weekly inventory change (Feb. Weekly inventory change (Feb.

Housing Market 437

Housing Market Marketing Inventory New Listings 437

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. According to the brokerage, 6.5%

Sellers 502

Sellers Buyers Inventory Real Estate Agent 502

Housing Wire

AUGUST 30, 2023

The recent move lower in rates is a good thing for housing “The American public just isn’t into the Fed’s housing policy,” he said on CNBC, in reference to homeowners who are not listing their property on the market. However, he noticed another notable decline in listing since mortgage rates really peaked above the 7% range.

New Listings 431

New Listings Inventory Housing Market Mortgage 431

Housing Wire

APRIL 27, 2023

The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. Multiple offers are still occurring on about a third of all listings, and 28% of homes are selling above list price. In the new construction sector , NAR predicts sales to increase 4.5%

Inventory 421

Inventory Realtors Contracts Construction 421

Housing Wire

FEBRUARY 20, 2023

Another week down in 2023 and we’re seeing crazier action in the housing market as purchase application data fell, mortgage rates rose again, and weekly inventory took another dive with a noticeable move lower in new listing data. Things are different post-2020, and inventory is bottoming out later in the year.

Inventory 401

Inventory Housing Market Mortgage Marketing 401

Housing Wire

MARCH 12, 2023

Weekly inventory fell by 6201 , and new listing data is down noticeably from last year, which was different than last week. The 10-year yield, already at a key critical level, couldn’t break higher but reversed and went lower Friday after the jobs report and the news around Silicon Valley Bank. million in 2023.

Housing Market 370

Housing Market Mortgage Marketing Inventory 370