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 534

Inventory Housing Market Marketing New Listings 534

Housing Wire

JULY 29, 2022

That marks the first month since July 2019 (pre-pandemic) that housing inventory increased year over year. The home-inventory bump dovetails with other data indicating the nation’s housing market lost some steam this past month, according to a June housing-market report from Seattle-based Redfin. “The And price carefully.

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Inventory Housing Market Inspection Marketing 466

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.

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Inventory Housing Market Marketing New Listings 546

Housing Wire

FEBRUARY 20, 2023

Another week down in 2023 and we’re seeing crazier action in the housing market as purchase application data fell, mortgage rates rose again, and weekly inventory took another dive with a noticeable move lower in new listing data. Things are different post-2020, and inventory is bottoming out later in the year.

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Inventory Housing Market Mortgage Marketing 396

Housing Wire

FEBRUARY 22, 2024

In fact, by the end of January, for-sale housing inventory was at 1.01 While inventory is less depleted, it remains well below the pre-pandemic level of January 2019. There were 1 million existing homes on the market at the end of January, compared to an inventory of 1.59 million in January 2019.” All four U.S.

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Inventory Sellers Buyers Realtors 421

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.

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Brokerage Realty Real Estate Inventory 415

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

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. The inventory put a cap on how much business Marquis’ team can do, which is one of the reasons why Marquis is now licensed in 22 states. In our market here in Boston, we have incredibly low inventory.

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Inventory Marketing Business Buyers 349

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.

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Housing Market Inventory Buyers New Listings 409

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 429

Housing Market Marketing Inventory New Listings 429

Housing Wire

SEPTEMBER 17, 2021

The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. The report attributes this decrease to the normal seasonal slowdown, causing the shortage of inventory to slow as well. million and 1.92

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Buyers Inventory Real Estate Agent Agents 440

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.

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Inventory New Listings Housing Market Sellers 522

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.

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Mortgage Sellers New Listings Buyers 414

Housing Wire

MAY 4, 2023

On the other hand, inventory is still low, and homes are still selling fast, often with multiple offers. Inventory has increased from a year ago but in most markets, it is still well below pre-pandemic levels. Bright MLS’ recent survey showed that sellers in the Mid-Atlantic received an average of 3.4 Selective sellers.

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Housing Market Marketing Inventory Buyers 411

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.

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Housing Market Marketing Inventory Buyers 500

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.

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Housing Market Marketing Inventory Sellers 391

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.

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New Listings Inventory Housing Market Sellers 489

Housing Wire

JULY 13, 2021

Two of my buyers just had their offers accepted because the sellers’ first buyers backed out. In 2018-2019, total housing inventory was in the range between 1.52 million, and that level of inventory helped to drive real home-price growth in 2019 into negative territory briefly. million and 1.92 million to 5.61

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Inventory Housing Market Real Estate Agent Buyers 500

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. million to 1.28

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Inventory Housing Market New Listings Mortgage 455

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 428

Mortgage Inventory Sellers Marketing 428

Housing Wire

NOVEMBER 4, 2022

Housing affordability and limited inventory impacted the buying power of all buyers, however, the greatest impact was felt by Black and Asian Americans, as both groups saw a shrinking share of home buyers,” Jessica Lautz, NAR’s vice president of demographics and behavioral insights, said in a statement.

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Buyers Sellers Real Estate Agent Real Estate 368

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

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.

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Housing Market Marketing Inventory Mortgage 540

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

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Sellers Inventory Housing Market New Listings 504

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.

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Housing Market Marketing Inventory Investors 458

Housing Wire

DECEMBER 4, 2020

iBuyer purchase volumes were significantly lower during the third quarter this year than they were pre-pandemic, according to zavvie ‘s inaugural Seller Preference Report. That figure is lower than 2019’s average of 98.6%, but that could reflect a perceived higher risk in the marketplace immediately following shutdowns. “As

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Sellers Market Value Inventory Marketing 395

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. Since the COVID-19 pandemic lockdowns of 2020, inventory has dropped to record-low levels both in 2021 and 2022. The COVID-19 pandemic suppressed the inventory in 2020 and 2021.

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Housing Market Marketing Inventory Sellers 428

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.

Inventory 370

Inventory Buyers Sellers Investors 370

Housing Wire

OCTOBER 15, 2021

Most sellers who are on the market now are very motivated to move: landlords with vacant homes, families who already upgraded and need to sell their previous homes, couples splitting up,” David Palmer, a Redfin listing agent, said in a statement.

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Contracts Landlords Inventory New Listings 400

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

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

APRIL 22, 2024

We negotiated to get the sellers the highest price possible. Even if you’re months or even years away from moving, a seller’s prep session is one of the services I offer homeowners. Many of us are in sellers’ markets with very low inventory. Inventory is extremely low, and the competition is fierce.

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Real Estate Open Houses Brokerage Real Estate Agent 356

Housing Wire

MAY 3, 2022

HousingWire: How are existing home sales trends and inventory affecting the housing market right now? million in January of 2019. Rates went lower in 2019, and sales rebounded toward the end of the year. Inventory is very seasonal. The goal I have had for some time is to get total inventory into a range between 1.52

Housing Market 395

Housing Market Marketing Inventory Mortgage 395

Housing Wire

FEBRUARY 6, 2023

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. As sales volumes continued to slump, inventory growth stalled, as sellers are taking a step back from listing their homes. and rate/term accounting for just 4.6%.

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Inventory Mortgage New Listings Home Value 384

Housing Wire

JUNE 24, 2021

If the all-cash offer wins, the home is purchased from the seller and reserved until the loan is ready to close. The all-cash contract signed between Accept.inc and the seller is still contingent on a satisfactory inspection that can be negotiated between the buyer and agent. The trio closed a $7 million seed round in 2019.

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Sellers Buyers Investors Inspection 342

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