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Housing Market Tracker: Mortgage rates and inventory fall together

Housing Wire

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
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SmartZip Review: Can data improve your prospecting game?

Housing Wire

Exclusivity: No Trial period: No Contract requirements: Annual contract required SmartZip is a lead generation, marketing and CRM solution founded in 2008. Smart Data With a Smart Data subscription, you’ll have access to a software platform that works with an algorithm to help you find new listings and gain a competitive edge.

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Mortgage rates hold steady at key level for now

Housing Wire

17-24), Inventory fell from 437,282 to 430,395 The recent inventory bottom was in 2022 at 240,194 The inventory peak for 2023 was 569,898 For context, active listings for this week in 2015 were 958,304 New listings data New listings data is growing year over year and increasing week to week, but I wish we were seeing more significant growth.

Mortgage 483
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Rising insurance costs, ample inventory create a unique market in Southwest Florida

Housing Wire

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.

Insurance 414
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Existing home sales are working from a historic low bar

Housing Wire

It happened in 2008 and then didn’t happen again until 2023. Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale. We have a big difference in the data on single-family permits and 5-unit permits.

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Real Estate Real Fast EP4 (solo-show with Aaron talking Fall/Winter 2022 Texas housing market)

Listing Spark

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? New listings are down 6%, so there are less homes coming onto the market than there were this time last year.

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The homebuilders got lucky this time

Housing Wire

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. Let me be honest here: we got lucky as a country.