Remove 2000 Remove Housing Market Remove Inventory Remove New Listings
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Days on market grow despite low inventory for existing homes

Housing Wire

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. The Federal Reserve wanted to see the bidding wars end and the days on the market grow.

Inventory 464
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Lower mortgage rates are stabilizing the housing market

Housing Wire

Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. Total inventory levels. NAR: Total Inventory levels 1.22 million Historically inventory levels range between 2 million and 2.5 Mortgage rates went from a low of 2.5% to a high of 7.37% — purely savage.

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Housing Market Tracker: Mortgage rates fall after SVB failure

Housing Wire

Last week was wild, and not just for the housing market. Weekly inventory fell by 6201 , and new listing data is down noticeably from last year, which was different than last week. According to Altos Research data , housing Inventory fell by 6,201 over the last week; the decline is less this week than last.

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U.S. Housing Market Collapse? Nowhere in Sight

Empire Appraisal Group

Housing Market Collapse? Housing Market Collapse? The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. NEW YORK – The rock-hard foundation of the U.S. Housing Market Collapse?

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Housing inventory still near record lows

Housing Wire

months’ worth of housing inventory in the U.S. We have a workable range for 2023 sales in the existing home sales market between 4 million and 4.6 We have a workable range for 2023 sales in the existing home sales market between 4 million and 4.6 Unsold inventory sits at a 2.6-month We only have 2.6

Inventory 525
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Home prices climb amid shrinking inventory, modest bump in demand

Housing Wire

In March, a modest bump in homebuyer demand, combined with a decline in for-sale inventory, drove up home prices compared to the month prior. While the annual home price growth rate is on track to fall to roughly 0% by April, low inventory levels will limit just how far that metric will fall in the coming month, Walden noted.

Inventory 379
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Higher rates flip the homebuilders’ fortunes (again)

Housing Wire

As we can see in the chart below, we are still below the recession levels of 2000 and really trending at 1996 levels. Homebuilders’ for-sale inventory and months’ supply The seasonally-adjusted estimate of new houses for sale at the end of January was 439,000. However, this isn’t how inventory grows in America.

Inventory 474