Housing Wire

AUGUST 30, 2022

This means all those men and women since 2012 who have been saying its housing 2008 all over again on their YouTube , Twitter, Facebook and other social media outlets simply don’t have the proper training to talk about housing economics. Case in point, purchase application data is already below 2008 levels today. million listings.

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Inventory New Listings Law Housing Market 382

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. New listing data was trending at all-time lows in 2021 abd 2022 and now it’s creating a new all-time low trend in 2023.

Inventory 483

Inventory Housing Market Marketing New Listings 483

Housing Wire

APRIL 30, 2023

Weekly housing inventory Since new listing data was trending at all-time lows in 2023, some feared we wouldn’t see the typical spring inventory increase. After the last few weeks , we can put that fear aside: we are finally getting the seasonal increase in active listing. didn’t go into recession until 2008.

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Inventory Housing Market Marketing New Listings 516

Housing Wire

AUGUST 13, 2023

This happened as expected, except we had a lousy bond auction, which meant too much debt supply came online with insufficient buyers. For those calling for a massive inventory spike since 2008, the last few years have not gone as planned. This pushed yields higher Thursday and Friday to move mortgage rates to 7.19%.

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Mortgage Inventory New Listings Retail 370

Housing Wire

MARCH 26, 2023

Active inventory fell 1,109, and new listing data made a lovely comeback week to week but was still noticeably down year over year. One piece of good news last week was that the new listing data, which saw a significant collapse two weeks ago, rebounded excellently to return to a usual trend.

Inventory 442

Inventory Housing Market Marketing Mortgage 442

Housing Wire

JULY 7, 2022

In Portland, Oregon, for example, one loan officer noted that new listings doubled in the second half of May from 800 to 1,900 new listings. In Seattle, Dan Keller reported 47% of all listings had price reductions. New data published in Business Insider found that investors bought 33% of U.S.

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Inventory Marketing Mortgage Supply Chain 393

Housing Wire

DECEMBER 7, 2022

Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. million, the equilibrium balance between a buyer and seller marketplace that has been here for four decades. As we can see below, none of that is happening today because the seller isn’t stressed. Total inventory levels.

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Housing Market Mortgage Marketing Inventory 544

Housing Wire

JANUARY 16, 2023

One of my biggest concerns for housing started at the end of June 2022: once mortgage rates got above 6%, the new listing data began to decline faster and earlier than normal. This is a problem for the existing home sales market since a traditional seller is usually also a buyer, so the lack of listing growth was a big hit to demand.

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Inventory Housing Market Marketing Mortgage 531

Housing Wire

MARCH 22, 2024

In the nearby metro area of Cape Coral-Fort Myers , active single-family inventory over the previous 90 days averaged 6,500 listings as of March 15, above its March 2020 level of 5,044 listings and approaching its March 2019 level of 7,243 listings. Smith attributes the uptick in inventory to a bump in new listings.

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Insurance Inventory Marketing Real Estate 414

Listing Spark

OCTOBER 13, 2022

What should buyers and sellers be doing right now? How the housing market affects the rest of the economy How to approach the current housing market as a seller Final advice for buyers in the current housing market Are buyers pulling out of contracts at the last minute? Nationally active listings are up 26.9%.

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Housing Market Real Estate Marketing Buyers 36

Cornerstone

FEBRUARY 15, 2022

The housing crash of 2008 resulted in more than nine million households losing their homes to a short sale, foreclosure, or bank surrender. Today’s market can handle a million (or more) new listings. When the market was flooded with foreclosures in 2008, these homes only added to the surplus of homes listed for sale.

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Loan Officers Housing Market Inventory Mortgage 59

Housing Wire

FEBRUARY 24, 2023

They don’t ever have to have the conversation about how low their total payment is in the new home they’re buying, unlike some of their buyers (which explains higher cancellation rates). months of the supply is active listings, 68K 5 months of the supply is still under construction, 280K 1.6

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Inventory Construction Housing Market Mortgage 477

Housing Wire

JANUARY 19, 2024

It happened in 2008 and then didn’t happen again until 2023. From NAR: First-time buyers were responsible for 29% of sales in December; Individual investors purchased 16% of homes; All-cash sales accounted for 29% of transactions; Distressed sales represented 2% of sales; Properties typically remained on the market for 29 days.

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Housing Market Inventory Contracts Marketing 464

Will Springer Realtor

MAY 9, 2023

The chart (below) puts it in sharp focus: Except for the pandemic year of 2020 when there were 2559 new listings that April, last month was the slowest April since at least 2008 when easy access to Northwest Multiple Listing Service data became available. Where are all the sellers? There are 1.7 months in Seattle and 1.2

New Listings 59

New Listings Inventory Buyers Sellers 59

Housing Wire

SEPTEMBER 19, 2023

It’s not unusual for a little jump in new listings in September. Buyers early in 2023 had slightly lower rates than now and were optimistic that mortgage rates would go lower still. This change in buyer expectations is adding to the slowness right now. The price of the newly listed properties this week popped up a bit.

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Housing Market Marketing Inventory New Listings 442

Housing Wire

FEBRUARY 16, 2023

There is one simple reason for this: it’s not 2008. However, the glaring difference today versus the recession of 2008, is that in 2007 the builders had to deal with over 4 million active listings as competition for their pricey new homes.

Construction 519

Construction Housing Market Inventory Mortgage 519

Housing Wire

JUNE 22, 2023

This kind of activity was happening years before the job-loss recession happened in 2008. There is a better case that we can get below 4 million if mortgage rates stay high and new listing data starts its seasonal decline in the data. Also, their wages are rising faster in an inflationary period. million units, up 3.8%

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Housing Market Marketing Inventory Law 519

Listing Spark

DECEMBER 23, 2020

Median Sales Price: $270,000 (up 12%) Closed Sales: 9,660 (up 28.1%) Active Listings: 29,948 (down 27% from this time last year) 2.2 For the buyers who are looking to buy for the first time or trade up in to a bigger home, historically low rates are pulling them in to the market. Months of Inventory: (down 1.4 San Antonio.

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Real Estate Marketing Inventory Modernization 36

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. The number of buyers has been surprising. The median price of the new listings this week is $399,900. Home prices declined subsequently.

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Inventory Contracts Buyers Mortgage 370

Housing Wire

FEBRUARY 8, 2024

Kingsbury said homes at lower price points have the largest buyer pools and are frequently subject to the stiffest competition. While there is no doubt it is a seller’s market in Peoria, Van Cleve said many potential sellers are hesitant to list. Redfin found that the city’s median sales price was up 6.9% year over year to $122,900.

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Inventory Agents Housing Market Luxury Properties 433

Lamacchia Realty

JANUARY 25, 2024

The real estate landscape witnessed significant developments in 2023, as the New Hampshire market saw a historic low in listings. Despite this decline, motivated buyers were out there trying to secure a home while also trying to navigate lower affordability and low inventory. Sales in New Hampshire declined by 18.9%

Inventory 52

Inventory Sellers Buyers Contracts 52

Empire Appraisal Group

JANUARY 4, 2023

Buyer demand has dropped due to rising rates, and seller supply slowed too, creating an uneasy balance. But if buyers drop or sellers expand more, it will impact prices. NEW YORK – The U.S. The start of the year, of course, is when homeowners and real estate agents start to bring new inventory to market. Florida Realtors.

Inventory 78

Inventory Open Houses Sellers Real Estate 78

Lamacchia Realty

JANUARY 25, 2024

2023 was a notable year in real estate history, but if we had to put our finger on what stood out, it was how the number of homes listed was the lowest in over two decades. It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. Sales Decline by 21.7% Average Prices Increase by 3.4%

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Inventory Sellers Contracts Buyers 69

Boston Appraisal

JULY 22, 2019

This will be a relief for aspiring buyers burdened by dwindling inventory, high prices, and competition, particularly in hot markets like the Bay Area and Greater Boston. The number of listings available on the market has progressively improved in recent months across the country, with unsold inventory reaching a 4.3-month

Marketing 78

Marketing Housing Market Real Estate Buyers 78

Boston Appraisal

JULY 22, 2019

This will be a relief for aspiring buyers burdened by dwindling inventory, high prices, and competition, particularly in hot markets like the Bay Area and Greater Boston. The number of listings available on the market has progressively improved in recent months across the country, with unsold inventory reaching a 4.3-month

Marketing 78

Marketing Housing Market Real Estate Buyers 78

Lamacchia Realty

JANUARY 30, 2024

That said, the number of homes sold is down year over year, so it’s a true sign that the voracious buyer activity has slowed down and that this region is a bit ahead of the North in the market adjustment cycle. Unlike what the Northeast experienced, South Florida inventory is up over 2022 and the second half of 2021.

HOA 49

HOA Inventory Buyers Contracts 49

Lamacchia Realty

JULY 22, 2022

Sales are down now due to major mortgage rate increases crushing buyer affordability, and other buyers are pulling out of the home search with concerns of buying at the top of the market. Homes Listed for Sale. There were 49,839 new active listings in the first half of 2022 compared to 53,823 last year , a 7.4%

Sellers 73

Sellers Buyers Inventory Contracts 73

Lamacchia Realty

JULY 26, 2023

Sales are down now due to major mortgage rate increases crushing buyer affordability, and sellers hesitating to list their homes because they don’t want to lose their low pandemic era rates. Listings are the lowest they have been in recorded history, click here to read our recent report (or see below in our Listings section).

Sellers 57

Sellers Inventory Buyers Contracts 57

Listing Spark

FEBRUARY 7, 2024

On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. 2) Interest rates skyrocketed and buyer demand plummeted Interest rates were the biggest story of 2023. We didn’t see a wave of panic selling like we did in 2008.

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. fewer new listings, the rate of sales rose 1.7% fewer new listings (1998) compared to July and 5.0% While there were 5.8% against the previous month.

Finance 68

Finance Inventory Construction Buyers 68

Will Springer Realtor

MAY 13, 2024

Sellers accused NAR and other defendants of unlawfully inflating compensation paid to agents to bring financially qualified buyers to homes.Potential members of the class action can send objections or comments about the settlement to the court. were flipped last year, down 29% from 2022 and the largest annual drop since 2008.

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

JANUARY 10, 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. The number of Pendings (1206) has fallen for five consecutive months and is the lowest of any month since December 2008 (1167). news publishers.

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Housing Market Marketing Inventory Real Estate 36

Lamacchia Realty

JANUARY 28, 2022

The post shut down race for buyers to secure homes in the later part of 2020 made it tough for 2021 to keep up and ultimately it didn’t happen. Homes Listed – All of NH. New listings in 2021 followed a less treacherous trendline in 2021 than 2020 but still couldn’t quite keep up with pre-pandemic markets. Buyer Resources.

Buyers 45

Buyers Contracts Inventory Real Estate 45

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. The number of Pendings (1206) has fallen for five consecutive months and is the lowest of any month since December 2008 (1167).

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Housing Market Contracts Architecture Buyers 36

Will Springer Realtor

NOVEMBER 14, 2023

Beyond labor strife, America’s home buyers and sellers appear to be on strike as well. October figures from the Northwest Multiple Listing Service strongly suggest prospective buyers and sellers are taking a wait-and-see approach. New listings in King were off 26% month-to-month (1583) and Active listings were down 9.4% (2296).

Inventory 36

Inventory Buyers Sellers New Listings 36

Will Springer Realtor

MARCH 14, 2023

Unless the listed home is in a favorable location, priced competitively and move-in ready, activity has been somewhat muted as prospective buyers and sellers wait for economic conditions to improve. Notably, there are 185% more listings available today across the Eastside of the county compared with February 2022.

Marketing 36

Marketing Buyers Inventory Sellers 36

Will Springer Realtor

JULY 11, 2023

The Seattle/King County housing market inched forward – and a little sideways – as the number of new and unsold listings continued to expand in June while fresh signs of a slowdown approached. Home prices continued to confound buyers by climbing toward record highs as summer began. New single-family-home listings rose 3.8%

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Housing Market Buyers Inventory Real Estate 36