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Housing inventory falls under 1M again as sales collapse

Housing Wire

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. Unsold inventory sits at a 2.9-month months in Nov.

Inventory 540
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The housing market is now savagely unhealthy

Housing Wire

Inventory has broken to all-time lows, but it doesn’t look like the year-over-year data will be positive at all this year unless demand softens up. NAR Research : Unsold inventory sits at a 1.7-month NAR Research : Unsold inventory sits at a 1.7-month However, negative year-over-year inventory is not what we want to see.

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How home-price growth has damaged the housing market

Housing Wire

Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005. The housing market can’t replicate the type of massive credit expansion we saw from 2002-2005, so the price-growth story has more to do with inventory collapsing to all-time lows. Also, certain investors felt no fear post-2020.

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Why home-price growth is still up 18% year over year

Housing Wire

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. Housing inventory issue with no booming demand. However, we haven’t had a credit sales boom like the one we saw from 2002-2005. million listings.

Inventory 382
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Existing home sales data shows extent of housing inflation

Housing Wire

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. Total Inventory data fell in this report from 1.31 I am a big fan of inventory to 2019 levels. million to 1.28

Inventory 447
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Purchase apps are at 2009 level: where’s the inventory?

Housing Wire

It’s an excellent time to discuss housing inventory. That’s not the case now because we have’t had a credit boom post-2010 as we did from 2002 to 2005. How can housing inventory be so low today when it skyrocketed back in 2009? I don’t believe housing inventory below 1.52 What is going on here? housing market.

Inventory 509
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New home sales are at risk with rising mortgage rates ?

Housing Wire

Second, because of the downtrend in inventory since 2014 and the demand pick-up we will see in the years 2020-2024, we had a risk of home prices accelerating too much. Compared to the existing home sales marketplace, it doesn’t have a high cash buyer or investor buyer profile. First, total home sales should be 6.2 percent (±11.9

Mortgage 463