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. However, we are noticeably down from the 2019 levels.

Housing Market 440

Housing Market Marketing Inventory New Listings 440

Housing Wire

JANUARY 13, 2024

As you can see, we are still a bit away from my ultimate goal of having total active listings back to 2019 levels. However, this data line accelerates when mortgage rates rise and demand gets hit harder. We can grow new listings from these depressed levels and get more demand. 2022 21.7%

Inventory 531

Inventory New Listings Retail Mortgage 531

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. In the summer of 2020, I talked about how the housing market would change, but it needed the 10-year yield to break over 1.94%, which roughly means 4% plus mortgage rates.

New Listings 488

New Listings Inventory Housing Market Sellers 488

Housing Wire

MAY 24, 2021

. “With little supply in the market, homes typically sold within 17 days — down from 27 days one year ago, as buyer competition heats up,” NAR said in a statement. “The share of first-time buyers decreased to 31% from 32% in the prior month, and 36% one year ago. 25% of all sales were cash sales, per the report.

Realtors 471

Realtors Buyers Housing Market New Listings 471

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. The number of new listings coming on the market this spring is lower than it has been in more than a decade. Sales and new pending contracts are below pre-pandemic levels.

Housing Market 414

Housing Market Marketing Inventory Buyers 414

Housing Wire

MAY 21, 2021

Pending sales for the seven-day period ending May 16 were down 10% from four weeks prior, compared to an 8% increase during the same period in 2019. Mortgage purchase applications also decreased 4% week over week. 2019 is being used as a reference point since 2020 data is skewed by the pandemic.). .

Housing Market 539

Housing Market Marketing New Listings Mortgage 539

Housing Wire

AUGUST 3, 2022

To say that mortgage rates have been on a wild Mr. Toad’s ride in 2022 is an understatement. People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% 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. million to 5.12

Mortgage 498

Mortgage Inventory Sellers Housing Market 498

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. This article , which I wrote in 2019, does show you the historical work in the past decade on the housing bubble talk. NAR lists the current inventory at 1.22

Inventory 464

Inventory Marketing Housing Market New Listings 464

Housing Wire

FEBRUARY 7, 2024

With mortgage rates briefly topping 8% and home prices breaking records throughout the year, many would-be sellers simply decided not to bother listing their homes, exacerbating already tight inventories. New data from the U.S. Mortgage rates followed suit, walloping buyers’ purchasing power.

Inventory 422

Inventory Sellers Mortgage Marketing 422

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. ” 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 525

Inventory New Listings Housing Market Sellers 525

Housing Wire

SEPTEMBER 22, 2022

Even though this was a beat of estimates, the sales decline trend due to higher mortgage rates and home prices continues. The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . I am a big fan of inventory to 2019 levels.

Inventory 450

Inventory Housing Market New Listings Mortgage 450

Housing Wire

APRIL 3, 2023

Declining mortgage rates could have improved affordability for buyers in the housing market in February, but instead spurred a demand that, combined with a persistent lack of inventory across the U.S., In addition, 47 of 50 markets saw their active listing count decline that month. put more pressure on home prices.

Inventory 393

Inventory New Listings Housing Market Mortgage 393

Housing Wire

FEBRUARY 6, 2023

Home prices growth and mortgage rates have come down from the peaks in 2022, but affordability still remains a challenge. Purchase borrowers, who now make up 82% of new rate locks, paid an average of 1.16 Prior to the pandemic, buyers paid closer to 0.5 Purchase locks in the third week of January made up 81.7%

Inventory 382

Inventory Mortgage New Listings Home Value 382

Housing Wire

MARCH 6, 2023

Home prices fell in January, pulling back by 0.24% from December to mark the smallest monthly decline in seven months, according to Black Knight ‘s mortgage monitor report. 25, purchase lock counts were 21% below the same week in 2019, and 30% below the levels during the same week in 2018. As of the week ending Feb.

Housing Market 393

Housing Market Marketing Inventory Sellers 393

Housing Wire

AUGUST 27, 2020

in July, the third consecutive month of gains, fueled by low mortgage rates and unprecedented demand from consumers. 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 million, a 1.1%

Contracts 477

Contracts Realtors New Listings Real Estate 477

Housing Wire

JANUARY 9, 2023

So, is this the traditional seasonal decline we see during every December/January, or have falling mortgage rates (since mid November) contributed to this? Before these two weeks, purchase applications had seven weeks of positive data, tracking with the drop in mortgage rates from 7.37% in November to 6.12%. Historically, the U.S.

Inventory 541

Inventory Housing Market Marketing New Listings 541

Housing Wire

NOVEMBER 16, 2020

According to multiple real estate agents and mortgage brokers, low interest rates and a high percentage of “essential” jobs in their town has kept the housing market and local economy strong. That’s even with home prices jumping to an average of $226,000 in September – an 18% jump from September 2019. 7,” Raitu said.

Housing Market 414

Housing Market Real Estate Agent Marketing Real Estate 414

Housing Wire

APRIL 22, 2024

It was listed at (list price) and sold well above the asking price. 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! If you don’t have active buyers, ask around the office.

Real Estate 406

Real Estate Open Houses Brokerage Real Estate Agent 406

Housing Wire

AUGUST 30, 2022

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 crash, especially from 2012-2019. I don’t need to see total active listing get back to the historical range of 2-2.5 From Redfin.

Inventory 382

Inventory New Listings Law Housing Market 382

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 531

Inventory Housing Market Marketing Mortgage 531

Housing Wire

APRIL 25, 2024

“I called the listing agent and it was listed three hours ago, but it was sold,” the Cincinnati, Ohio -based eXp Realty agent said. “We There is no way you can stay on top of things unless you hire someone to watch new listings pop up every 10 minutes. Buyers are really struggling.” We couldn’t even see it.

Buyers 421

Buyers Marketing Inventory Investors 421

Housing Wire

NOVEMBER 30, 2021

Mortgage rates? a buyer’s market. ? . The year 2019 taught us that any natural or economic force can wildly shift expectations into the stratosphere. Studying listing information for the current year and comparing with past years?—?list?prices,?new new listings, sold listings, days on market, off-market listings?—?will

Real Estate 433

Real Estate Agents Real Estate Agent Business 433

Berkshire Hathaway

DECEMBER 9, 2021

According to Housing Wire, “During the four week period ending November 28, the number of active listings was a 23% decrease compared to the same time period in 2020 and a 42% drop compared to 2019. This marks a 14% year-over-year increase and a 31% increase from 2019.

Inventory 52

Inventory New Listings Buyers Marketing 52

Housing Wire

FEBRUARY 5, 2024

Mortgage rates are back up over 7% this morning on the back of strong economic growth data. The 10-year bond yield jumped back over 4% and that pushes mortgage rates higher too. Mortgage rates are 40 basis points higher than a month ago, and 100 basis points higher than a year ago. There are more buyers than sellers.

Mortgage 432

Mortgage Inventory Sellers New Listings 432

Housing Wire

FEBRUARY 20, 2024

Mortgage rates are back over 7%. The economy has continued to be strong, so mortgage rates have defied expectations and remained very high. New listings rise New listings continue to show us that more sellers are interested in this market this year. Inventory is back at 2019 levels in many of these markets.

Mortgage 498

Mortgage Inventory Sellers New Listings 498

Housing Wire

APRIL 1, 2024

As mortgage rates rose starting in 2022, payment affordability got dramatically worse and homebuyer demand dried up. New listing volume last week was 18% more than a year ago. Pending sales Last week saw 69,000 new contracts for single-family home purchases across the country. At the same time, seller volume dried up.

Inventory 457

Inventory New Listings Contracts Sellers 457

Housing Wire

JANUARY 12, 2023

compared to December 2019 and 38.2% compared to the December 2017-2019 average. “In In December, we saw both buyers and sellers pulling back as they continue to adjust to a challenging market,” Danielle Hale, Realtor.com’s chief economist, said in a statement. below its pre-pandemic 2019 level. compared to December 2019.

Inventory 531

Inventory Buyers New Listings Sellers 531

Listing Spark

AUGUST 28, 2020

this July as compared to July 2019. With the FED keeping rates at historic lows, we are seeing buyers locking in mortgage interest rates at 2.8% decrease in active listings 2.8 in July 2019 Average days on market is 55, up 5 from July 2019. decrease in active listings 2.8 for 30 year fixed loans.

Real Estate 69

Real Estate Marketing New Listings Inventory 69

Housing Wire

MARCH 11, 2024

Last fall when people were still expecting mortgage rates to be falling this year, it was common to assume rates would be in the low 6s or 5s this year and people asked me if lower rates would bring a flood of inventory. The only way inventory would grow in 2024 is if mortgage rates climbed. But the evidence is the opposite.

Inventory 502

Inventory New Listings Sellers Real Estate 502

Housing Wire

OCTOBER 11, 2022

To top it all off, we started 2022 at all-time lows, forcing bidding action everywhere until mortgage rates rose. And we aren’t talking about your grandfather’s mortgage rates rising; we went from 2.5% million active listings, but at just 1.28 to over 7% in a very short period of time. million today.

Sellers 498

Sellers Inventory Housing Market New Listings 498

Lamacchia Realty

JANUARY 27, 2023

The 2022 Connecticut Year in Review Housing Report breaks down sales, new listings, new pending sales, active inventory, and average price compared to the 2021 market and analyzes what the data means for the current housing market and beyond. sellers and buyers) began to restore itself. Sales Down 18.8%

Inventory 53

Inventory Sellers Buyers Real Estate 53

Berkshire Hathaway

JUNE 15, 2021

It’s no secret that this housing market is hard for buyers being that there are no homes available. In a normal market we see a 6-month supply of homes for sale and anything over that indicates it’s a buyers’ market, an inventory level below that threshold means we’re in a sellers’ market and today’s inventory level sits WELL below the norm.

Inventory 37

Inventory Buyers New Listings Sellers 37

Hank Miller Team

APRIL 6, 2022

Traditionally, the months of May and June see the most new listings as the school cycle hits – graduating families sell and rising families buy. This year however, rocketing mortgage rates and other economic challenges may change that. Buyers have to embrace measured risk right now.

Inventory 94

Inventory Contracts Buyers Sellers 94

Housing Wire

APRIL 5, 2021

Instead of making up for the shortfall, new listings have slumped further in 2021. Year-over-year, new listing volumes were down 16% in January and 21% in February — amounting to a 125,000 deficit in inventory compared to the same time in 2020. In Los Angeles, the share of income required to pay a mortgage swelled to 44%.

Inventory 493

Inventory Buyers New Listings Mortgage 493

Cornerstone

OCTOBER 5, 2021

This is excellent news if you’re a seller. Average days on the market reflect current levels of buyer demand. If homes are flying off the shelves, so to speak, buyers need to be prepared to act and put in an offer quickly to beat out their competition. Buyers will likely compete for your home. percent, rising to 3.8

Sellers 53

Sellers Loan Officers Inventory New Listings 53

Housing Wire

MARCH 18, 2024

At the time, I observed that even if mortgage rates stayed flat, the momentum seemed to be in the cards for broad, slow growth in the market. However, mortgage rates didn’t stay flat. 1 and as of today, March 18, mortgage rates are 30-40 basis points higher than Jan. This week in 2022 was the last of the 3% mortgages.

Inventory 430

Inventory New Listings Sellers Contracts 430

Housing Wire

JANUARY 22, 2024

Indianapolis, which had 880,600 residents as of July 2022, offers a very strong and steady real estate market that attracts buyers looking for a more affordable lifestyle. In November of 2019 the number of single-family homes for sale was at 6,000. Indianapolis is more affordable than much of the country.

Housing Market 431

Housing Market Marketing Logistics Real Estate 431