Housing Wire

JANUARY 16, 2023

Housing inventory increased by 1,339 homes nationwide. The weekly inventory data, which had fallen faster than I had anticipated the last few weeks, has now seen a slight uptick. Weekly housing inventory. Hopefully, we see a continuation of this inventory pick-up next week and this isn’t just a one-week blip.

Inventory 533

Inventory Housing Market Marketing Mortgage 533

Housing Wire

JANUARY 9, 2023

The housing market saw inventory fall 4% last week from the week before. Does that mean we are heading back to all-time lows in inventory again for 2023? During the last four weeks and especially this past week, we are seeing inventory decline faster than expected. Weekly housing inventory. Weekly inventory change: (Dec.

Inventory 536

Inventory Housing Market Marketing New Listings 536

Housing Wire

DECEMBER 3, 2020

Even prior to the pandemic , housing inventory had hit record lows, and the problem has only gotten worse as demand continues to rise. Total home sales are outpacing new listings by a wide margin every month, and real estate tech company Homesnap foresees the shortage continuing in 2021 unless more sellers enter the market.

Inventory 546

Inventory Housing Market Marketing New Listings 546

Housing Wire

MARCH 27, 2024

Those advantages, coupled with cheap land, made the city a favorite for homebuilders like DR Horton and Lennar that brought plenty of new inventory to market. Its listings in 2023 fell below its 2019 level, although the drop was less steep than that experienced outside of Florida and far less steep than other metros like San Diego.

Brokerage 421

Brokerage Realty Real Estate Inventory 421

Housing Wire

FEBRUARY 22, 2024

Existing-home sales picked up in January as buyers took advantage of the lowest mortgage rates seen in several months. Listings were modestly higher, and home buyers are taking advantage of lower mortgage rates compared to late last year.” In fact, by the end of January, for-sale housing inventory was at 1.01 from one year ago.

Inventory 424

Inventory Sellers Buyers Realtors 424

Housing Wire

APRIL 15, 2024

These metros also continue to grapple with below-average inventory recovery, maintaining pressure on buyers. Recovering inventory in these areas has helped to ease competition and bring price appreciation under control. Bidding wars are commonplace in these areas, exacerbated by a scarcity of options.

Housing Market 415

Housing Market Inventory Buyers New Listings 415

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market.

Inventory 355

Inventory Marketing Business Buyers 355

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.

Mortgage 520

Mortgage Inventory New Listings Sellers 520

Housing Wire

MAY 4, 2023

On the one hand, elevated mortgage rates continue to erode buyers’ purchasing power, and in some markets, home prices are falling. On the other hand, inventory is still low, and homes are still selling fast, often with multiple offers. But if you are a prospective buyer, macro housing metrics probably do not reflect your experience.

Housing Market 413

Housing Market Marketing Inventory Buyers 413

Housing Wire

MARCH 6, 2024

Bad for sellers Prospective home sellers may not notice incremental changes in mortgage rates. percentage points—sellers take notice. Facing these realities, many would-be sellers decide to stay put. in 2019-2020, 16.9-17.2% No wonder, then, that many sellers decided to pull their listings. 31% in 2023-2024.

Mortgage 419

Mortgage Sellers New Listings Buyers 419

Housing Wire

FEBRUARY 27, 2023

The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. Weekly housing inventory decreased by 6,801, while new listing data is still negative year-over-year. Weekly inventory change (Feb. Weekly inventory change (Feb.

Housing Market 434

Housing Market Marketing Inventory New Listings 434

Housing Wire

NOVEMBER 4, 2022

The share of Black and Asian first-time buyers is down from 6% in 2021, while the share of white first-time buyers is up from 82% and Hispanic homebuyers up from 7%. Conversely, White and Hispanic Americans experienced gains in buyer shares. NAR found the age of repeat buyers increased to 59 years from 56 years last year.

Buyers 373

Buyers Sellers Real Estate Agent Real Estate 373

Housing Wire

JULY 13, 2021

But recently, we’ve started to see buyers get cold feet. Two of my buyers just had their offers accepted because the sellers’ first buyers backed out. The market is still competitive, but buyers are more trepidatious than they were at the start of 2021, and less willing to pull out every stop in order to win.”

Inventory 500

Inventory Housing Market Real Estate Agent Buyers 500

Housing Wire

DECEMBER 21, 2022

In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! Plus, available housing inventory remains near historic lows.” ” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well.

Inventory 524

Inventory New Listings Housing Market Sellers 524

Housing Wire

SEPTEMBER 17, 2021

Despite several indicators of a slowing housing market, prospective home buyers should not get too excited – inventory remains limited and changes are in line with the traditional seasonal slowdown, according to RE/MAX ’s August national housing report. Low inventory is another indication of a still-scorching housing market.

Housing Market 500

Housing Market Marketing Inventory Buyers 500

Housing Wire

JUNE 28, 2022

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. million total housing inventory data as that is the level of inventory that would change my thesis that this is a savagely unhealthy market.

Housing Market 458

Housing Market Marketing Inventory Investors 458

Housing Wire

NOVEMBER 9, 2022

million, something that couldn’t happen from 2008-2019 because we didn’t have the demographic profile to get to that level until household formation grew. 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.

New Listings 491

New Listings Inventory Housing Market Sellers 491

Housing Wire

APRIL 22, 2024

We negotiated to get the sellers the highest price possible. There are still plenty of buyers interested in this area. In fact, we had (number) offers, which means there are still ready, willing, and qualified buyers eager to make an offer! Many of us are in sellers’ markets with very low inventory.

Real Estate 374

Real Estate Open Houses Brokerage Real Estate Agent 374

Housing Wire

DECEMBER 12, 2023

While mortgage rates cooled down significantly from October, it wasn’t enough to overcome seasonal, historic trends and low levels of inventory. Purchase lock counts, which exclude the impact of changes in home prices, were down 13% year over year and 37% from pre-pandemic levels in 2019.

Mortgage 432

Mortgage Inventory Sellers Marketing 432

Housing Wire

MARCH 6, 2023

Growing supply shortages are holding housing prices higher, and affordability constraints coupled with elevated rates lock potential sellers in place. The three-pronged challenge of inventory shortages, unaffordable housing and rising interest rates kept home prices more moderate, as supply can’t match demand, the report said.

Housing Market 393

Housing Market Marketing Inventory Sellers 393

Housing Wire

SEPTEMBER 22, 2022

A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. Total Inventory data fell in this report from 1.31 I am a big fan of inventory to 2019 levels.

Inventory 456

Inventory Housing Market New Listings Mortgage 456

Housing Wire

MAY 10, 2022

These reports highlight the difference home buyers and potential home buyers have when embarking on the buying process. The report used real time listing data to show the limited housing inventory and the repercussions to home buyers. The second section, shows the experiences of successful home buyers by race.

Housing Market 435

Housing Market Realtors Buyers Inventory 435

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

Inventory 512

Inventory Housing Market Marketing Realtors 512

Housing Wire

JUNE 21, 2022

Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened. Inventory skyrocketing back toward historical norms of 2 million to 2.5 million to return to normal.

Housing Market 540

Housing Market Marketing Inventory Mortgage 540

Housing Wire

FEBRUARY 9, 2022

One thing is certain: potential buyers of all ages are not happy about the current market conditions. 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.

Inventory 370

Inventory Buyers Sellers Investors 370

Housing Wire

FEBRUARY 9, 2022

One thing is certain: potential buyers of all ages are not happy about the current market conditions. 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.

Inventory 370

Inventory Buyers Sellers Investors 370

Housing Wire

JANUARY 25, 2023

Inventory What does that mean for housing? Until mortgage rates drop below 5.5%, we can expect low housing supply, which favors sellers. We can also expect low housing demand, which favors buyers. Since the COVID-19 pandemic lockdowns of 2020, inventory has dropped to record-low levels both in 2021 and 2022.

Housing Market 429

Housing Market Marketing Inventory Sellers 429

Housing Wire

JUNE 24, 2021

Similar to iBuying firm Opendoor , startup Ribbon and a host of other new companies, Accept.inc provides cash to buyers so they can submit a competitive offer, or buy a new property prior to selling their existing home. If the all-cash offer wins, the home is purchased from the seller and reserved until the loan is ready to close.

Sellers 349

Sellers Buyers Investors Inspection 349

Housing Wire

APRIL 26, 2021

The effects of low housing inventory continue to cause significant ripples in the housing market, as a recent Redfin report shows home sale prices across the country have reached an average of $344,625 — an all-time high, and an 18% increase year over year. Average listing prices never approached $325,000 in 2019.

Sellers 458

Sellers Housing Market Marketing Buyers 458

Housing Wire

FEBRUARY 10, 2023

Combine that with the lack of inventory in New Jersey and bidding wars are back, Kechian said in an interview with HousingWire. Buyers seem like they can’t get a break,” Kechian said. “I I really think they had about three months last year where it was a buyers market in the fourth quarter.

Marketing 365

Marketing Inventory Loan Officers Buyers 365

Housing Wire

OCTOBER 15, 2020

There were a total of 647 vacant structures in the Slavic Village neighborhood in July 2020, down 15% from March 2019 and down 53% from a peak of 1,368 vacant structures in March 2009, according to a biannual survey conducted by SVD of all parcels in the neighborhood. Seeking new inventory sources. We have a plan for every parcel.”.

Buyers 339

Buyers Development Renovations Retail 339

Housing Wire

FEBRUARY 6, 2023

Prior to the pandemic, buyers paid closer to 0.5 While buyers seem to be returning to the market early in 2023, purchase loans locked in January are still off by 13% compared to the 2018 and 2019 pre-pandemic levels. For those looking to pull cash out of their homes, the cost was nearly twice that, with an average of 2.06

Inventory 384

Inventory Mortgage New Listings Home Value 384

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. Inventory, which has been falling for years, broke to all-time lows in 2020. We didn’t have a seasonal push in inventory in 2020, and things worsened in 2021. Image by Brandon Johnson/HW Media.). million active listings, but at just 1.28

Sellers 504

Sellers Inventory Housing Market New Listings 504

Housing Wire

AUGUST 3, 2022

We saw this in 2013-2014 and 2018-2019. million to the lows of January 2019 at 4.98 They have to move as well, so a traditional seller is a buyer most of the time when it’s a primary resident owner. The downside of rates moving up so quickly is that some sellers pull the plug until rates are better. million to 5.12

Mortgage 504

Mortgage Inventory Sellers Housing Market 504

Housing Wire

JANUARY 30, 2024

Mortgage-data analytics firm Recursion reports that in of 2019 nonbanks held agency MSRs totaling $3.445 trillion, based on the outstanding balance of loans serviced. In 2019, total agency MSRs outstanding, based on agency loan balances serviced, stood at $6.219 trillion, Recursion data shows. Cooper and Lakeview Loan Servicing.

Marketing 365

Marketing Mortgage Sellers Buyers 365

Housing Wire

AUGUST 27, 2020

year over year, largely on the back of pent-up demand from buyers who were unable to strike deals during the spring, said Lawrence Yun, chief economist of the National Association of Realtors. “We Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”. million, a 1.1%

Contracts 485

Contracts Realtors New Listings Real Estate 485

Housing Wire

DECEMBER 28, 2021

But — in the same beat — Caporale added, “There is still a massive influx of buyers, and I am not seeing a significant drop in demand.” By July, the median home price escalated to $362,800, up 15% from December 2020’s $309,000 median home price, which itself was up 15% from December 2019, according to NAR figures. July was the plateau.

Real Estate 450

Real Estate Realty Brokerage Realtors 450