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. With the massive housing inflation since 2020 and higher mortgage rates, we are back to familiar territory with existing home sales and purchase application data: we are back to 2014 levels.
Housing Wire
SEPTEMBER 13, 2022
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. It wasn’t the rate move that caught my attention — it was the new listing data. As you can see below, that sharp move to 6.25% caused new listing data to stall at first.
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Housing Wire
AUGUST 10, 2022
One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. Redfin : Realtor.com : Altos Research : Clearly, we are seeing a slowdown in new listings as the data has been negative now for months. What does this mean?
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. They have to move as well, so a traditional seller is a buyer most of the time when it’s a primary resident owner. We see some of this in the active listing data as new listings are declining.
Housing Wire
AUGUST 30, 2022
Today, we stand at 1,310,000 active listings. NAR Total Listing Data: If we cut the timeline to the last time inventory grew, which was 2014, you can see this downtrend in inventory, unlike 2001-2005, when inventory grew from 2 million to 2.5 I don’t need to see total active listing get back to the historical range of 2-2.5
Housing Wire
OCTOBER 11, 2022
There’s a showdown at the housing market corral between homebuyers and sellers. Home prices ebb and flow, pricing was working in the sense that sellers met homebuyers to a degree. The last time total inventory grew was in 2014 because we had weak demand. Image by Brandon Johnson/HW Media.). Now fast forward to 2022.
Housing Wire
APRIL 1, 2024
At the same time, seller volume dried up. But now sellers are coming back into the market. New listing volume last week was 18% more than a year ago. NAR reported 33% all cash buyers, which is the most since 2014 when buyers were still cleaning up distressed properties. More sellers means more sales in 2024.
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