Housing Wire

APRIL 23, 2023

We didn’t see too much volatility in mortgage rates last week, but purchase apps declined in reaction to rates rising two weeks ago. Here’s a quick rundown of the last week: Active listings rose by 8,546 , and new listing data showed some growth. months shows how far we are from 2008 housing economics.

Inventory 545

Inventory Housing Market Marketing New Listings 545

Housing Wire

JULY 7, 2022

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. To view the complete research, click here.

Inventory 395

Inventory Marketing Mortgage Supply Chain 395

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.

Housing Market 544

Housing Market Mortgage Marketing Inventory 544

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. We had a lot of drama over the week between Federal Reserve meetings and banking stress, and mortgage rates and purchase applications both fell.

Inventory 487

Inventory Housing Market Marketing New Listings 487

Housing Wire

DECEMBER 21, 2022

“The principal factor was the rapid increase in mortgage rates, which hurt housing affordability and reduced incentives for homeowners to list their homes. This means what we saw in 2005-2008 with the inventory spike was a historic event that hasn’t been replicated at any time in recent U.S. economic history. .

Inventory 527

Inventory New Listings Housing Market Sellers 527

Housing Wire

NOVEMBER 18, 2022

I didn’t have to worry about this in the previous expansion — as my long-term work stated for a decade, the years 2008-2019, would have the weakest housing recovery ever. As mortgage rates rose more and more, the October to January data was going to show big negative prints. NAR lists the current inventory at 1.22 months to 3.3

Inventory 469

Inventory Marketing Housing Market New Listings 469

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The other focus should be where mortgage rates go; only a little happened last week. didn’t go into recession until 2008. The total NAR inventory is still 980,000.

Inventory 518

Inventory Housing Market Marketing New Listings 518

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.

Inventory 383

Inventory New Listings Law Housing Market 383

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.

Inventory 532

Inventory Housing Market Marketing Mortgage 532

Housing Wire

FEBRUARY 24, 2024

Mortgage rates have risen recently but they could be much worse than they are today. Mortgage rates and the 10-year yield The 10-year yield is the key for housing in 2024. The most important data line for me, along with mortgage rates , is jobless claims data because I value labor data over inflation. That hasn’t happened.

Mortgage 487

Mortgage Inventory New Listings Housing Market 487

Housing Wire

MAY 14, 2023

Yes, we found the seasonal bottom for housing inventory on April 14, but this year’s rise in active listings has been tepid at best. Here’s a quick rundown of the last week: Total active listings grew 662 weekly, and new listing data is still trending at all-time lows. This doesn’t appear to be the case for 2023.

Housing Market 462

Housing Market Marketing Inventory New Listings 462

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Mortgage rates. So where does all that drama leave us for 2023?

Housing Market 543

Housing Market Marketing Inventory New Listings 543

Cornerstone

FEBRUARY 15, 2022

When the pandemic first hit in early 2020, mortgage forbearance plans were announced, allowing homeowners in crisis to temporarily stop payments. The housing crash of 2008 resulted in more than nine million households losing their homes to a short sale, foreclosure, or bank surrender. Reading Time: 4 minutes. According to the MBA, 38.6

Loan Officers 59

Loan Officers Housing Market Inventory Mortgage 59

Housing Wire

FEBRUARY 24, 2023

While the homebuilders weren’t surprised by the better-than-estimated new home sales report released Friday, some people were a bit shocked. 9 up until the early part of February as mortgage rates fell from 7.37% to 5.99%. To combat higher mortgage rates, builders have been cutting prices and buying down rates to move product.

Inventory 481

Inventory Construction Housing Market Mortgage 481

Housing Wire

JANUARY 1, 2024

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Here’s my forecast for 2024: 10-year yield and mortgage rates For 2024, the 10-year yield range will be similar to 2023, but with a few different variables to watch. Instead, they closed 2023 at 6.67%.

Housing Market 527

Housing Market Marketing New Listings Construction 527

Listing Spark

OCTOBER 13, 2022

New listings are down 6%, so there are less homes coming onto the market than there were this time last year. In 2008, Austin and a lot of parts of Texas came out relatively unscathed.”. [00:08:58] Nationally active listings are up 26.9%. 00:11:25] What new listings can teach us about the state of the housing market.

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Housing Wire

FEBRUARY 16, 2023

There is one simple reason for this: it’s not 2008. 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. However, I caution people not to look at it this way since the U.S.

Construction 521

Construction Housing Market Inventory Mortgage 521

Housing Wire

JUNE 22, 2023

Credit channels and inventory channels both changed after 2010 because of the qualified mortgage laws and the 2005 bankruptcy reform laws. This kind of activity was happening years before the job-loss recession happened in 2008. million would mean much better mortgage demand. NAR Research: Total existing-home sales rose 0.2%

Housing Market 521

Housing Market Marketing Inventory Law 521

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. Where are all the sellers?

New Listings 59

New Listings Inventory Buyers Sellers 59

Housing Wire

JANUARY 19, 2024

It happened in 2008 and then didn’t happen again until 2023. We don’t have any data that shows sales are crashing from this low level: this is key when looking at the future because it does give us a place to grow sales as long as mortgage rates fall. From NAR : Existing-home sales waned 1.0% All four U.S.

Housing Market 469

Housing Market Inventory Contracts Marketing 469

Housing Wire

SEPTEMBER 19, 2023

It’s not unusual for a little jump in new listings in September. Obviously, mortgage rates have been stubbornly over 7% for a couple of months. That’s a change in expectation of mortgage rates. Buyers early in 2023 had slightly lower rates than now and were optimistic that mortgage rates would go lower still.

Housing Market 446

Housing Market Marketing Inventory New Listings 446

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%

Inventory 370

Inventory Contracts Buyers Mortgage 370

Empire Appraisal Group

JANUARY 4, 2023

NEW YORK – The U.S. Demand has plummeted as mortgage rates hit a two-decade high, but prices haven’t declined much in part because supply remains correspondingly low. In January 2008, supply jumped by four months’ worth of housing to 15 months, and there was a similar spike during every January of the housing bust.

Inventory 78

Inventory Open Houses Sellers Real Estate 78

Lamacchia Realty

JANUARY 25, 2024

Consequently, we’re witnessing the lowest number of new listings since 2000. The hesitation to lose rates in the 3% range, coupled with concerns about higher monthly payments upon buying again, has resulted in a scarcity of new listings. Will the 2024 Real Estate Market Improve? A lot to digest.

Inventory 52

Inventory Sellers Buyers Contracts 52

Boston Appraisal

JULY 22, 2019

After estimating in late 2018 that 30-year mortgage rates could reach 5.1% The rise in stock is not always due to the appearance of new listings, but also the result of properties sitting on the market. Firstly, lending requirements (which were one of the critical factors of the 2008 financial crisis) are very different today.

Marketing 78

Marketing Housing Market Real Estate Buyers 78

Boston Appraisal

JULY 22, 2019

After estimating in late 2018 that 30-year mortgage rates could reach 5.1% The rise in stock is not always due to the appearance of new listings, but also the result of properties sitting on the market. Firstly, lending requirements (which were one of the critical factors of the 2008 financial crisis) are very different today.

Marketing 78

Marketing Housing Market Real Estate Buyers 78

Lamacchia Realty

JANUARY 25, 2024

With rates trying to reach equilibrium after their nosedive in 2020, everyone has had to accept that pandemic-era rates are a thing of the past and therefore higher monthly mortgage payments are here to stay. Therefore, we are in a market with the lowest amount of new listings since 1994.

Inventory 69

Inventory Sellers Contracts Buyers 69

Lamacchia Realty

JANUARY 30, 2024

2023 Sees the Lowest Number of Homes Listed in Fifteen Years There was a 10% decrease in the number of new listings compared to 2022, with 113,883 homes listed in South Florida, down from 126,545. This hesitancy, spanning two years, has resulted in the lowest number of new listings since 2008.

HOA 49

HOA Inventory Buyers Contracts 49

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. fewer new listings, the rate of sales rose 1.7% fewer new listings (1998) compared to July and 5.0% homes this year, below expectations and a figure not seen since 2008 in the heart of the housing crash.

Finance 68

Finance Inventory Construction Buyers 68

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. As the market has cooled over the past few months with the increase in mortgage rates, they still haven’t started to fall. Prices Increase 11.4%.

Sellers 73

Sellers Buyers Inventory Contracts 73

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 475

Inventory Housing Market New Listings Marketing 475

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). What else can we expect in 2023?

Housing Market 36

Housing Market Marketing Inventory Real Estate 36

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

Will Springer Realtor

NOVEMBER 14, 2023

Sales activity across the county is at historic lows; no October has experienced fewer listings in King County – not even close – since at least 1992 when records were first archived online. New listings for all home types in King County stood at 2157, a whopping 25% drop from September to October. Closed sales fell 0.9%

Inventory 36

Inventory Buyers Sellers New Listings 36

Will Springer Realtor

MAY 13, 2024

were flipped last year, down 29% from 2022 and the largest annual drop since 2008. MAY HOUSING UPDATE Even after a few weeks of mortgage rate jumps, the Seattle/King County housing market is displaying surprising strength. With the settlement, a wave of new listings hit the market in the past several weeks.

HOA 36

HOA Transportation Construction Buyers 36

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).

Housing Market 36

Housing Market Contracts Architecture Buyers 36

Listing Spark

FEBRUARY 7, 2024

National mortgage originations closed the year at less than $1.5 We didn’t see a wave of panic selling like we did in 2008. 5) New construction in Texas surged in 2023 Three major Texas metro areas made the top 10 list of highest new home construction rates in the nation. trillion compared to $2.75

Real Estate 36

Real Estate Sellers Home Value Inventory 36