Housing Wire

JUNE 2, 2022

I always try to focus people on the total inventory data until we get inventory back into a range of 1.52-1.93 HousingWire: To add to that, since housing is in an inventory shortage, the market has changed, so the good news is inventory is growing. What levels should we be hoping for? Then this happened. Ghost Supply 2.2

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Housing Wire

NOVEMBER 9, 2022

But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care. 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.

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New Listings Inventory Housing Market Sellers 487

Housing Wire

JUNE 8, 2022

2012: What they said: Shadow inventory will cause prices to fall. The reality: Inventory broke down in 2012, and the monthly supply data got below 6.0 The “shadow inventory” was not an issue as it took years to get rid of the distressed supply from the housing bubble years. million of inventory is normal.

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Housing Wire

JULY 20, 2022

But, there is one bright spot — inventory is rising. This has been a concern of mine after the summer of 2020 as inventory levels were breaking all-time lows, facilitating unhealthy home price growth during a more prominent demographic patch in U.S. The one positive: Inventory is rising. Once total inventory levels reach 1.52-1.93

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Inventory Housing Market Marketing Realtors 511

Housing Wire

APRIL 20, 2022

However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. In 2013-2014, rates rose, and you see the lower trend in sales back then. 2014 was the last year total inventory grew. million and 6.16

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Housing Market Marketing Inventory Mortgage 490

Housing Wire

SEPTEMBER 13, 2022

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. Typically we have a natural set of new listings each year; inventory rises in the spring and summer and then falls in the fall and winter.

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Mortgage Inventory New Listings Sellers 520

Housing Wire

MARCH 15, 2024

Courtesy of the Mortgage Bankers Association “This year was exacerbated by the current lack of housing inventory and mortgage rates that increased to their highest levels of the year, keeping refinancings volumes low.

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Valuation Mortgage Inventory Marketing 422

Housing Wire

JUNE 15, 2022

Mohtashami focused on the latest inventory and the Federal Reserve’s rate hike announcement. In 2013-2014, when rates jumped very fast, this index trended down by negative 20% year over year to hit an adjusted population all-time low in 2014. On a sour note, we still need more inventory to return to normal.

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Inventory Investors Retail Housing Market 353

Housing Wire

JUNE 9, 2023

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. How would new listing data trending at all-time lows impact the active inventory in 2023?

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Inventory Housing Market New Listings Mortgage 545

Housing Wire

MARCH 18, 2022

Inventory has broken to all-time lows, but it doesn’t look like the year-over-year data will be positive at all this year unless demand softens up. NAR Research : Unsold inventory sits at a 1.7-month NAR Research : Unsold inventory sits at a 1.7-month However, negative year-over-year inventory is not what we want to see.

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Housing Market Marketing Inventory Sellers 542

Housing Wire

MAY 6, 2022

Some historical references: The last two times rates rose, this is what we saw — 2013/2014 negative — 20% year over year trend 2018 purchase application data was flat to slightly positive all year long; we only had three mild negative years over year prints when rates headed to 5%. This data line is trend survey data.

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Inventory Housing Market Marketing Construction 345

Housing Wire

APRIL 14, 2023

While spring of 2022 saw a similar share of all-cash homebuyers, one needs to look back to 2014 before seeing similar shares. Homebuyers placed competitive offers on homes while inventory grew increasingly difficult to find. At that time, housing inventory dropped to historic lows making the environment ripe for investors.

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Realtors Buyers Inventory Sellers 425

Housing Wire

MAY 3, 2022

After making some Covid-19 adjustments to the data line, we will have our first negative year over year since 2014, unless something changes on the mortgage rate side. 2014 was the last year we saw a noticeable weakness in purchase application data. Inventory is very seasonal. What have we seen this year? million – and 1.93

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Housing Market Marketing Inventory Mortgage 392

Housing Wire

NOVEMBER 30, 2020

Realtors cited a combination of high demand and low inventory, which are making conditions more competitive and exerting upward pressure on prices. Pending home sales looks specifically at contracts that have been signed but where the transaction has not closed on sales of already existing inventory. Presented by: Fannie Mae.

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Realtors Inventory Contracts Development 534

Housing Wire

JUNE 28, 2022

Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005. The housing market can’t replicate the type of massive credit expansion we saw from 2002-2005, so the price-growth story has more to do with inventory collapsing to all-time lows. To have that market, we need total inventory data to get back to 1.52-1.93

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Housing Market Marketing Inventory Investors 458

Housing Wire

NOVEMBER 25, 2020

However, Khater noted the homebuying surge has created a seller’s market, where inventory is at a record low and home prices are rising, beginning to offset the benefits of the low rates. census divisions rose 7% in September from a year ago, the greatest year-over-year gain since 2014.

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Mortgage Inventory Marketing Housing Market 545

Housing Wire

JANUARY 26, 2021

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., November’s numbers mark the greatest annual growth rate since February 2014 and even blew past the 8.4% as prices in November rose 9.5% nationally over the same time last year, according to the S&P CoreLogic Case-Shiller index.

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Inventory Housing Market Buyers Sellers 544

Housing Wire

MAY 19, 2022

This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. We were told that population growth is slowing, we were told that Americans would panic sell and that massive inventory would hit the marketplace once rates got to 4%. Wait, what? I use the 1.52-1.93

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Housing Market Marketing Inventory Realtors 523

Housing Wire

FEBRUARY 9, 2022

It’s simple: inventory levels were at all-time lows in 2021 and they just got worse in 2022, don’t make it any more complicated than that. It can be stressful enough when the markets are regular, like they were from 2014-to 2019. By the summer of 2020, I started to worry about inventory levels getting dangerously low.

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Inventory Buyers Sellers Investors 370

Housing Wire

FEBRUARY 9, 2022

It’s simple: inventory levels were at all-time lows in 2021 and they just got worse in 2022, don’t make it any more complicated than that. It can be stressful enough when the markets are regular, like they were from 2014-to 2019. By the summer of 2020, I started to worry about inventory levels getting dangerously low.

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Inventory Buyers Sellers Investors 370

Housing Wire

NOVEMBER 8, 2023

Opendoor set out on its disruptive journey in 2014, and Offerpad followed soon after in 2015. Shrinking share, continuing losses The leading iBuyers have accounted for more than 1% of existing sales in only one year: when Zillow was clearing its books of the ill-fated Zillow Offers’ inventory.

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Marketing Inventory Renovations Investors 414

Housing Wire

JANUARY 12, 2022

Early in 2021, when I was talking about how people should worry about home prices overheating, I had a glimmer of hope that maybe toward the end of 2021 we would be spared another seasonal collapse of inventory. Inventory always falls in the fall and winter, but I hoped it wouldn’t be a repeat of 2020.

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Inventory Mortgage Housing Market Marketing 537

Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. Housing inventory issue with no booming demand. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5

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Inventory New Listings Law Housing Market 384

Housing Wire

OCTOBER 16, 2023

It’s still a pretty challenging environment relative to if you look back historically, this is close to where we were in 2014. Kan added: “I think that’s when you’re going to see more inventory free up, that’s when we’re going to see more of these housing transactions able to take place.” and reach 5.5%

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Mortgage Marketing Inventory Technology 486

Housing Wire

NOVEMBER 2, 2020

The last time we had a consistent downtrend in existing home sales was back in 2013-2014. During that same period, the MBA purchase application data were down 20% year over year on-trend in 2014. We saw this in 2018 and then spent the entire year of 2019 selling off the excess inventory. Keep this scenario in mind for 2021.

Housing Market 545

Housing Market Marketing Inventory Design 545

Housing Wire

AUGUST 3, 2022

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. Also, we have to know that we aren’t working from a high level of inventory data as well. Traditionally, total inventory ranges between 2 to 2.5 NAR total inventory data.

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Mortgage Inventory Sellers Housing Market 504

Housing Wire

NOVEMBER 13, 2023

It was the highest share of all-cash transactions recorded since 2014. While the housing market had limited inventory and home prices were in flux, buyers and sellers both increased their use of real estate agents,” Lautz said. Meanwhile, in September, one-third of U.S. home purchases were all-cash transactions, compared to 29.5%

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Real Estate Agent Real Estate Agents Sellers 377

Housing Wire

FEBRUARY 9, 2021

last month, still hovering near levels previously seen in 2014, though it is the third month in the past four that credit availability has picked up as supply eases out. Ongoing strength in home-purchase applications and home sales continue to signal robust housing demand, even as low housing inventory remains a constraint,” Kan said.

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Mortgage Lending Government Contracts 541

Housing Wire

SEPTEMBER 10, 2020

For refinances, Fannie Mae’s survey revealed the net share of lenders who expect demand growth reached a survey high for government loans and the second highest reading since 2014 for GSE-eligible and non-GSE-eligible loans.

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Housing Market Government Mortgage Inventory 444

Housing Wire

NOVEMBER 29, 2021

. “This solid buying is a testament to demand still being relatively high, as it is occurring during a time when inventory is still markedly low.” Over the years, I have never believed in the premise that low inventory is holding sales back, which was expected whenever sales get weaker.

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Inventory Contracts Training Investors 530

Housing Wire

APRIL 1, 2024

Total available inventory is gradually climbing about 1% per week — last year it was still declining in April. As we roll into the second quarter, we should have accelerating inventory growth each week. NAR reported 33% all cash buyers, which is the most since 2014 when buyers were still cleaning up distressed properties.

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Inventory New Listings Contracts Sellers 466

Housing Wire

OCTOBER 31, 2022

Total inventory in America grew from 2000 to 2005 while demand grew. However, total inventory levels today are below 2019, 2014, 2007, 2005, and 2000 levels because homeowners are in a good place financially. While the economy was still in expansion mode, inventory rose from 2.5 Today, we are at 1.25

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Law Inventory Lending Mortgage 517

Housing Wire

JANUARY 7, 2021

If so, this could have the effect of perpetuating already tight inventory levels and supporting additional (albeit lesser) home price growth, which could contribute to a further moderating of home sales.” in November, compared to the year prior, marking the largest annual appreciation since March 2014.

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Housing Market Design Inventory Sellers 457

Housing Wire

OCTOBER 1, 2022

As reported in the latest NAR Existing-Home Sales , inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and home prices. The last high among all-cash buyers was seen at 35% in 2014. All cash buyers now stand at 24%.

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Realtors Housing Market Marketing Buyers 391

Housing Wire

DECEMBER 16, 2021

Founded in 2014 by Black, a founding member of real estate listings site Trulia , Knock helps consumers bid on a new home by fronting a cash offer. Knock’s reckoning with loan officer pay comes amid a historic housing inventory shortage and fewer deals , though Knock itself is growing. It began 2021 in 14 markets and is now in 70.

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Loan Officers Real Estate Agent Real Estate Agents 372

Housing Wire

MAY 11, 2021

How Opendoor could sell comparably fewer homes in Q1 amid historically high demand and low inventory was not addressed on a Tuesday earnings call. Founded in 2014, Opendoor is a pioneer in cash home-buys moving online, and an alternative to home sellers having to work with real estate agents.

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Real Estate Agent Real Estate Brokerage Inventory 337

Housing Wire

FEBRUARY 18, 2021

In 2020, home prices soared by nearly 10% to levels not seen since 2014, all while inventory dropped significantly. The stock market is at an all-time high, finishing 2020 at record levels. But these gains are a temporary disguise, masking the true future of a volatile market. More for Real Estate Enthusiasts.

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