Housing Wire

DECEMBER 7, 2022

Since the weaker CPI data was released in November, bond yields and mortgage rates have been heading lower. The question then was: What would lower mortgage rates do to this data? However, mortgage rates have fallen more than 1% since the recent highs, so it’s time to look at the data to explain how to interpret it.

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Housing Market Mortgage Marketing Inventory 544

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. million active listings per the last report, we have 526,000 per our last Housing Market Tracker article. All four U.S.

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Inventory Housing Market New Listings Buyers 483

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. “The principal factor was the rapid increase in mortgage rates, which hurt housing affordability and reduced incentives for homeowners to list their homes. Confused by this?

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Inventory New Listings Housing Market Sellers 525

Housing Wire

MAY 3, 2024

Thanks to high mortgage rates , mortgage refinance rates, and even higher home prices , the vibe among homebuyers has been fairly bleak these past couple months. In Denver in particular, new listings increased 29.12% month-over-month and 22.63% year-over-year. To that I say, timing is everything in real estate.

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Inventory Lending Real Estate Housing Market 380

Housing Wire

APRIL 3, 2023

Housing demand grew and inventory levels fell again while mortgage rates rose. Mortgage rates rose to 6.57%. Active inventory fell by 3,141, and new listing data fell again and is still trending at all-time lows. The 10-year yield and mortgage rates Last week was interesting for the 10-year yield and mortgage rates.

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Inventory Housing Market Marketing New Listings 483

Housing Wire

JUNE 25, 2023

Mortgage rates were again in a small range, hanging near 7%. However, the real positive story here is that even with new listing data trending at an all-time low, we are getting the growth in active listings we traditionally see in the spring and summer. Purchase apps had a small week-to-week gain.

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Inventory Housing Market Marketing New Listings 404

Housing Wire

NOVEMBER 18, 2022

As mortgage rates rose more and more, the October to January data was going to show big negative prints. Seasonal impacts are the norm with housing, and new listing data is negative 6% year to date. We saw new listing data decline when rates got to 6.25% the first time. NAR lists the current inventory at 1.22

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Inventory Marketing Housing Market New Listings 464

Housing Wire

NOVEMBER 18, 2022

That’s the largest year over year existing home sales decrease since 2007. More potential homebuyers were squeezed out from qualifying for a mortgage in October as mortgage rates climbed higher,” National Association of Realtors Chief Economist Lawrence Yun said in a statement. Existing home sales last month declined 5.9%

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Housing Market Marketing Inventory New Listings 414

Housing Wire

AUGUST 30, 2022

I don’t need to see total active listing get back to the historical range of 2-2.5 New listings are declining now. Inventory is always seasonal, but the decline in new listings this year was not what I wanted to see. This is not encouraging news at all, in my view. From Redfin.

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Inventory New Listings Law Housing Market 382

Housing Wire

JANUARY 16, 2023

Mortgage rates fell along with bond yields, showing that mortgage rates peaked on Oct. The weekly data shows some good news for the housing market ! With mortgage rates also falling, I am hopeful that more people will list their homes and buy another, so we can get back to a more functional housing market.

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Inventory Housing Market Marketing Mortgage 531

Housing Wire

APRIL 9, 2023

The housing market welcomed the news of lower mortgage rates last week after four reports showed that the labor market isn’t as tight as it seems and that the fear of 1970s-entrenched inflation was a lousy narrative. Active inventory rose by 823 single-family homes and new listing data is trending at all-time lows.

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Housing Market Marketing Mortgage Inventory 539

Housing Wire

JUNE 18, 2023

Mortgage rates were near 7% last week but purchase applications were still able to pull out an 8% week-to-week gain. Active housing inventory grew while new listing data fell. Mortgage rates hardly budged last week, even with the Federal Reserve ‘s announcement it was pausing rate hikes and CPI inflation reports.

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Housing Market Marketing Inventory New Listings 482

Listing Spark

JUNE 16, 2023

” [00:04:36] Austin real estate sales volume and velocity in April 2023 Austin’s housing market in April saw a decline in new listings and sales volume, but the market remains a seller’s market. However, a decrease in new listings is helping to stave off even higher inventory.

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Housing Wire

FEBRUARY 16, 2023

The truth is that if mortgage rates fell below 5.875% and kept going lower, everyone’s housing predictions would need to be revised this year because the builders can sell their homes with lower mortgage rates. economy isn’t in recession today, and mortgage rates have risen almost 1% from the recent lows.

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Construction Housing Market Inventory Mortgage 516

Will Springer Realtor

MAY 9, 2023

Falling new inventory is constraining transaction volumes while also supporting higher home prices. It’s a dynamic not often seen in our area and it – along with stubbornly high mortgage interest rates – has generated a rollercoaster ride of data that would make Six Flags jealous. between May 2007 and January 2012.

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Housing Wire

APRIL 20, 2023

If we are trending below 4 million — a possibility with new listing data trending at all-time lows — then we have much weaker demand than people think. million before we saw the massive stress spike in supply from 2005 to 2007. We have a workable range for 2023 sales in the existing home sales market between 4 million and 4.6

Inventory 525

Inventory Housing Market Marketing New Listings 525

Housing Wire

AUGUST 1, 2023

Even as mortgage rates rose, and affordability was pushed out of reach for many potential homebuyers, there are still sufficient buyers who can afford these prices and these rates. After the mortgage rate spike in September 2022, we got significantly more bearish on home prices for 2023. If mortgage rates increase to the 7.5%

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Inventory Contracts Buyers Mortgage 370

Housing Wire

OCTOBER 20, 2020

above the revised August figure of 1.021 million, and a level not seen since 2007, Doug Duncan, chief economist at Fannie Mae , said. million annualized units, a level not seen since 2007. . million annualized units, a level not seen since 2007. “While starts were up 10.4% “The former rose 8.5% over the month to 1.1

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Construction New Listings Housing Market Inventory 483

Appraisal Today

AUGUST 25, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, MLS hacked, appraisers and real estate agents, Humor, unusual homes, mortgage origination == Massive Missouri Lake Winnebago House for $12.6M But the MLS is also finding new benefits in its partnership with RPR®. percent from 13.8

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Appraisal Real Estate Agent Agents Real Estate 77

Boston Appraisal

JULY 22, 2019

Despite the continued appreciation, both real estate economists and the general public are starting to worry about the shadow of a second recession (the dramatic downturn of 2007 still on their minds). The Housing Market Is Going Strong… for Now The year 2019 started with a bang, and this wasn’t even news. in the previous month.

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Marketing Housing Market Real Estate Buyers 78

Boston Appraisal

JULY 22, 2019

Despite the continued appreciation, both real estate economists and the general public are starting to worry about the shadow of a second recession (the dramatic downturn of 2007 still on their minds). After estimating in late 2018 that 30-year mortgage rates could reach 5.1% The Housing Market Is Going Strong… for Now.

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Marketing Housing Market Real Estate Buyers 78

Housing Wire

MAY 30, 2023

NAR total inventory since 1982: I prefer the Altos Research weekly single-family data to the NAR data because it gives us a fresh look at not only active listing data but new listing data. The Altos Research new listing data is essential in tracking the supply aspect of housing, which is why I include it as part of the Tracker.

Inventory 471

Inventory Housing Market New Listings Marketing 471

Will Springer Realtor

OCTOBER 10, 2023

First a look at September’s numbers: A wave of last-chance listings for the year hit the market after Labor Day. That increased new listings by 7.5% (2884) and available homes on the market by 12% (3602) between Sept. Seattle alone saw a 29% (1213) monthly increase in new listings. 1 and Oct. than 7.0%. “The

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Buyers Inventory Sellers Housing Market 64

Will Springer Realtor

JANUARY 11, 2023

The number of new listings for all home types – single-family, townhomes and condos combined – in King (887) fell 47% from November and declined 36% from December 2021. Buyers must rely on portfolio lenders – known for holding the mortgage through the duration of the loan – such as Washington Federal to finance the home.

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Housing Market Contracts Architecture Buyers 36

Will Springer Realtor

JULY 11, 2023

The county saw the combined number of single-family, townhome and condo listings increase in June by 4.4% While that percentage may appear strong, it’s nothing compared to the April-to-May rise of 18%, signaling a probable cooling of new listings in the future. New single-family-home listings rose 3.8%

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Housing Market Buyers Inventory Real Estate 36

Will Springer Realtor

MAY 9, 2023

Information from the National Mortgage Database shows 83% of all mortgage holders enjoy an interest rate below 5% when today’s average rate is about 6.5%. years, according to recent data, when it was only about five years just before the housing market crash of 2007.

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Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

OCTOBER 11, 2022

At what point will mortgage interest rates peak? While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. When you raise [mortgage] rates to the point they’re at today, it breaks the back of housing.”.

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Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

MAY 9, 2022

“This looks a lot like the housing boom that we saw prior to the 2007–09 financial crisis.” That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. home prices, up 14% year over year (YoY) by one measure, and escalating mortgage rates, which have risen about 2.1

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Architecture Design Buyers Construction 36

Will Springer Realtor

SEPTEMBER 8, 2021

Others – Meritage Homes (+20% YoY in 2021) and Tri Point Homes (+15-30% YoY in 2022) – expect tremendous growth of new communities. And many of the new projects are larger than in years past. That’s the most since 2007. Builders began construction on just under a million single-family homes in 2020. SEPTEMBER HOUSING UPDATE.

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Construction Inventory Buyers Real Estate 36

Will Springer Realtor

MAY 12, 2021

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. Today, 37% of all buyers are Millennials and they comprise about 54% of all mortgage applications. of mortgages underwater); Multnomah County (Portland), Ore. points at 34.

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Real Estate Inventory Buyers Construction 36

Will Springer Realtor

JUNE 9, 2021

Adjustable-rate mortgages were cheap and easy to acquire, home prices were artificially inflated and supply plentiful. The Federal Reserve is supporting the purchase of mortgage-backed securities as well as helping to sustain low interest rates for mortgages. Then the housing bubble burst. million for sale today.

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Housing Market Marketing Inventory New Listings 36