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How housing credit is shaping housing inventory

Housing Wire

Housing credit channels directly impact housing inventory channels. Home prices escalated out of control after 2020 and when we look at why that happened, we can see that housing credit mattered more to inventory data than most people realize. This matters because inventory was already heading toward all-time lows before COVID-19.

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Housing Market Tracker: Inventory finally rises

Housing Wire

Since 2020, the seasonal bottom for housing inventory has arrived several months later than normal, making it more complicated to track housing inventory data. Still, we have some promising signs that we might have finally hit the inventory bottom for 2023.

Inventory 545
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Why higher rates aren’t crashing home prices

Housing Wire

history, and because of that, not even low inventory could prevent home prices from declining month to month in the second half of 2022. Now we can talk about the final stage: inventory in the U.S. Housing inventory The No. Housing inventory The No. I mean, it’s year 11 now of the housing bubble 2.0

Inventory 545
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Why purchase application data is below 2008 levels

Housing Wire

Inventory levels broke to all-time lows and thus created massive housing inflation quickly, which broke my model. We saw this happen in 2013-2014 and 2018-2019. The glaring difference between now and 2014 is that total inventory levels are roughly 1 million lower now than the peak of 2014. nominal per year at most.

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Lower mortgage rates are stabilizing the housing market

Housing Wire

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 Rate above 7% made things even worse.

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Can lower mortgage rates stop the housing recession?

Housing Wire

People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% We saw this in 2013-2014 and 2018-2019. We see some of this in the active listing data as new listings are declining. Also, we have to know that we aren’t working from a high level of inventory data as well.

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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

The goal of this type of letter is to promote a new listing in the neighborhood, to position yourself as the expert by providing information about the listing, and to find more business. Many of us are in sellers’ markets with very low inventory. Inventory is extremely low, and the competition is fierce.