Housing Wire

NOVEMBER 18, 2022

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. Total housing inventory fell in this report, the third report in a row that shows total inventory has decreased.

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Inventory Marketing Housing Market New Listings 469

Housing Wire

DECEMBER 8, 2021

2 million , we could be at risk of housing inventory falling to such low levels that I would have to categorize this housing market as unhealthy. We can see that inventory falling to such low levels has created unhealthy home-price growth in both 2020 and 2021. Inventory fades in the fall and winter and picks up in summer and spring.

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Inventory Housing Market Marketing Mortgage 518

Housing Wire

APRIL 2, 2021

“The prime-age labor force participation rate fell in the aftermath of the Great Recession and it took a decade to return to the pre-Great Recession average (2001-2007) of 83%,” Kushi said. The post Employment gains could help housing inventory appeared first on HousingWire. Presented by: CreditXpert.

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Inventory Construction Housing Market Business 501

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. Of course this isn’t the healthiest housing inventory story. million, and in 2007, it peaked at 4 million.

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Inventory Housing Market New Listings Buyers 481

Housing Wire

SEPTEMBER 21, 2023

Inventory still negative year over year From NAR: Total housing inventory registered at the end of August was 1.1 Unsold inventory sits at a 3.3-month The housing inventory data has been negative year over year per the NAR data for the past few months. Year-over-year, sales fell 15.3% (down from 4.77 from July and 14.1%

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Inventory Housing Market Mortgage Marketing 515

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. Mortgage rates and the bond market Last week was wild for the 10-year yield, as the key support line that I have been talking about for weeks broke after the Fed meeting, sending the 10-year yield to highs last seen in 2007.

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Mortgage Inventory New Listings Housing Market 481

Housing Wire

DECEMBER 21, 2022

On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! Plus, available housing inventory remains near historic lows.” Housing inventory.

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Inventory New Listings Housing Market Sellers 527

Appraisal Buzz

FEBRUARY 21, 2022

Inventory of homes for sale dropped to historically low rates in the beginning of 2022 while home prices continue to rise across New York State, according to the housing report released by the New York State Association of REALTORS. Inventory of homes for sale fell 30.3% This marks the lowest housing inventory since 2007.

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Inventory Marketing Realtors Appraisal 195

Housing Wire

SEPTEMBER 1, 2021

Barack Obama uttered those words on the footsteps of the Illinois state capitol in 2007 – a speech where the former Illinois state senator declared his candidacy for president. median home price of $207,000. Springfield was the only one of those 183 to see a year-over-year home sale price decline. This content is exclusively for HW+ members.

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Realtors Real Estate Inventory Marketing 383

Housing Wire

NOVEMBER 19, 2020

Second, if the next existing home sales report misses expectations, you may be told that this is due to a lack of inventory. Remember, lower inventory tends to go with higher sales — and higher sales means folks are buying homes…therefore…I know you are following me here… there must be homes to buy. . Don’t listen.

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Housing Market Marketing Inventory Buyers 545

Housing Wire

SEPTEMBER 13, 2022

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. Typically we have a natural set of new listings each year; inventory rises in the spring and summer and then falls in the fall and winter.

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Mortgage Inventory New Listings Sellers 518

Appraisal Buzz

JUNE 21, 2022

Inflating mortgage costs, driven by skyrocketing prices and interest rates, have made mortgages less affordable than at any time since at least 2007. According to the latest market report from Zillow, demand for homes has pulled back in response —easing price growth, slowing sales, and boosting inventory.

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Housing Wire

DECEMBER 7, 2022

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

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Housing Market Mortgage Marketing Inventory 544

Housing Wire

NOVEMBER 18, 2022

That’s the largest year over year existing home sales decrease since 2007. Total housing inventory at the end of October was 1.22 Unsold inventory sits at a 3.3-month Inventory levels are still tight, which is why some homes for sale are still receiving multiple offers,” Yun said. .” year over year.

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Housing Market Marketing Inventory New Listings 417

Housing Wire

MAY 18, 2023

If we had a massive credit boom-to-bust, inventory would have skyrocketed in 2022. In 2007, for context, we were a tad above 4 million. NAR Total Inventory Data going back to 1982. housing market inventory channels have changed due to how the U.S. This is why the days on the market are so low historically after 2020.

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Housing Market Marketing Inventory Mortgage 539

Appraisal Buzz

JUNE 22, 2022

Ballooning mortgage costs, driven by skyrocketing prices and interest rates, have made mortgages less affordable than at any time since at least 2007. Demand for homes has pulled back in response, easing price growth, slowing sales and boosting inventory, according to the latest market report from Zillow.

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Housing Wire

JANUARY 25, 2023

in December 2022, its highest level since 2007 and its fastest rise in more than 40 years. Inventory What does that mean for housing? Since the COVID-19 pandemic lockdowns of 2020, inventory has dropped to record-low levels both in 2021 and 2022. The inventory changed last year as rates finally rose higher, eating into demand.

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Housing Market Marketing Inventory Sellers 427

Housing Wire

MAY 19, 2022

This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. We were told that population growth is slowing, we were told that Americans would panic sell and that massive inventory would hit the marketplace once rates got to 4%. Wait, what? I use the 1.52-1.93

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Housing Market Marketing Inventory Realtors 523

Housing Wire

OCTOBER 31, 2022

Total inventory in America grew from 2000 to 2005 while demand grew. However, total inventory levels today are below 2019, 2014, 2007, 2005, and 2000 levels because homeowners are in a good place financially. While the economy was still in expansion mode, inventory rose from 2.5 Today, we are at 1.25

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Law Inventory Lending Mortgage 515

Housing Wire

AUGUST 30, 2022

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. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5

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Inventory New Listings Law Housing Market 383

Housing Wire

DECEMBER 3, 2021

We know refinance volumes will dry up due to rising rates, borrowers not exiting their homes due to the reduced inventories. All of this means compressed affordability and inventory. Compared to 2007 and 2008 there’s more due diligence in mortgage qualifying. Reina Ramos: Inventory and affordable housing keep me up at night.

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Inventory Loan Officers Clients Mortgage 383

Housing Wire

MARCH 31, 2022

Especially in a year when inventory has crashed to all-time lows and demand for those houses is still so high. This got smashed in two years, and inventory levels broke to all-time lows this year. In the past, the speculative credit boom led to people filing for bankruptcies and foreclosures in 2005, 2006, 2007 and 2008.

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Housing Market Inventory Lending Marketing 529

Housing Wire

MARCH 23, 2023

If there’s one sector of the economy that benefits from the very low levels of total housing inventory , it’s the homebuilders , but for a reason you might not think. If national housing inventory were back to normal, we would have 2 to 2.5 All this is happening while housing permits have fallen noticeably from the recent peak.

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Inventory Housing Market Construction Marketing 545

Housing Wire

MAY 2, 2023

From the year 2000 until the start of the pandemic in 2020, existing-home inventory made up nearly 90% of total home inventory. The golden handcuffs of low mortgage rates keep sellers rate-locked in Before the housing market crash in 2007, the average length of time someone lived in their home, or tenure, was approximately five years.

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Housing Market Marketing Sellers Inventory 395

Housing Wire

JUNE 18, 2021

In an economic outlook panel at HousingWire’s Engage.marketing event on Thursday, Duncan explained that in the 2007 to 2009 downturn, the industry went from building 2.2 It’s going to take all of them. million units to 600,000, and stayed around that level for three years.

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Supply Chain Housing Market Marketing Inventory 417

Housing Wire

SEPTEMBER 22, 2022

“The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory,” said Logan Mohtashami, Lead Analyst at HousingWire. million, below the 2019 range of 1.52 million to 1.93 million. .

Mortgage 383

Mortgage Loan Officers Inventory Retail 383

Housing Wire

APRIL 20, 2023

months’ worth of housing inventory in the U.S. NAR: Total housing inventory registered at the end of March was 980,000 units, up 1.0% Unsold inventory sits at a 2.6-month Total housing inventory, while up year over year, is still near all-time lows, and monthly supply is also up year over year. We only have 2.6

Inventory 527

Inventory Housing Market Marketing New Listings 527

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. We expect profitability to remain challenging in the near term as the industry capacity slowly adjusts to lower originations,” Bhattacharya said.

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Housing Market Marketing Insurance Mortgage 446

Housing Wire

OCTOBER 21, 2020

Housing inventory and prices. Given the low interest rates that are driving demand, housing inventory has become a rising concern. MBA Associate Vice President of Industry Analysis Joel Kan explained that current inventory rests at just a three-month supply.

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Mortgage Inventory Housing Market Construction 407

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. How can housing inventory be so low today when it skyrocketed back in 2009? As you can see below, the inventory keeps falling from 2014 levels, and even with the weakness in demand this year, we are nowhere close to 2013 levels, let alone 2018 levels. What is going on here?

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Inventory Housing Market Construction Marketing 521

Housing Wire

SEPTEMBER 30, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage jumped 40 basis points to an average of 6.70% this week, the highest level since 2007. There is more inventory relative to demand, and deals can be found. A year ago at this time, rates averaged 3.01%.

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Buyers Mortgage Loan Officers Retail 454

Housing Wire

JUNE 7, 2022

So few single-family homes are for sale in America that just two months of inventory is available across the top 100 metro areas in the country, a historic low. In Dallas, listings under $2 million have less than three months of inventory. Historically, it took these thin markets anywhere from six to 12 months to sell listed inventory.

Inventory 417

Inventory Housing Market Investors Sellers 417

Housing Wire

AUGUST 5, 2022

We had some funky trade and inventory data that tilted the GDP negatively, but the traditional data lines that go negative in a recession are just not there yet. As you can see below, this data line fell in 2006, and we were still creating jobs in 2006 and 2007. Well, the model isn’t designed to work during a recession.

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Development Housing Market Marketing Business 545

Housing Wire

APRIL 9, 2023

The 10-year yield finally broke below a critical technical level it had difficulty breaking for many months and we had a very small increase in inventory. Active inventory rose by 823 single-family homes and new listing data is trending at all-time lows. In 2007, when sales were down big, total active listings peaked at over 4 million.

Housing Market 539

Housing Market Marketing Mortgage Inventory 539

Housing Wire

MARCH 21, 2024

We will be laser-focused on tracking the purchase application data in relationship to the 10-year yield and mortgage rates going out the rest of the year From NAR: Total housing inventory registered at the end of February was 1.07 In 2007, they were 4 million. million units, up 5.9% from January and 10.3% from one year ago (970,000).

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Inventory Housing Market Mortgage Marketing 492

Housing Wire

OCTOBER 13, 2020

In June 2007, Apple shook the world to its cellular core when it released the first-generation iPhone. Switching banks, for example, requires opening new accounts, taking inventory of outstanding checks, linking savings and checking accounts, closing old accounts, and keeping thorough, written proof of each step in the process.

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Clients Development Inventory Technology 395

Empire Appraisal Group

MAY 13, 2021

Housing inventories are low, credit remains tight, and lenders aren’t issuing risky loans at rates like they did back then. For comparison, during the housing bubble, in July 2007, there were more than four times that—4 million homes available for sale. The rapid rise in prices may be concerning to home shoppers, however.

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Housing Market Realtors Inventory Finance 78