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Housing Market Tracker: Inventory drops by 11,000

Housing Wire

Weekly inventory fell much more than the previous two weeks, down 11,021; new listing growth had its lowest weekly calendar print for this previous week. The new listing data had its lowest weekly print ever, down slightly from last year but more noticeably from what we traditionally saw in the previous decade.

Inventory 504
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Existing home sales data shows extent of housing inflation

Housing Wire

Existing home sales have more legs to go lower, especially now that new listing data is falling. 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. million in August.”

Inventory 458
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Housing Market Tracker: Housing inventory falls once more

Housing Wire

21-28, 2022): Fell from 276,865 to 271,954 In June 2022, I predicted that as long as mortgage rates stayed high, weakness in demand over time could create more inventory — and we could get back to 2019 levels of inventory in 2023, meaning inventory breaks over 1.52 Weekly inventory change (Jan. million using the NAR inventory levels.

Inventory 496
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The standoff between homebuyers and sellers

Housing Wire

I talk about 2019 inventory levels a lot because in 2019 real home prices briefly went negative, showing that you don’t need to have six months plus of inventory to have pricing cool down. In fact, at a 2019 conference, I was so happy about this that I labeled the chart below as Great News ! Currently, we are at 3.2

Sellers 504
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The savagely unhealthy housing market is over

Housing Wire

This facilitated the biggest decline in existing home sales for a single year that we will ever see in modern-day history due to the high level of sales in January of 2022. that don’t have inventory near 2019 levels. This would give the housing market a buffer in supply, just in case mortgage rates fall again. million — looks bad now.

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100+ YEARS IN, ZONING LAWS INCH TOWARD HOUSING EQUITY

Will Springer Realtor

King County acknowledged receiving a little under $1B in federal aid for homelessness and housing since 2019, yet the local homeless rate rose 14% this past year. First a look at September’s numbers: A wave of last-chance listings for the year hit the market after Labor Day. . >> The rate of homelessness in the U.S.

Law 36
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HOUSING ‘TRIFECT’ PUTTING SQUEEZE ON BUYERS

Will Springer Realtor

The price of new construction has jumped, too; the National Association of Home Builders estimates costs have risen about 35% since 2019. King County new listings fell 13% from June to July (2158), led by a 20% slide in Seattle (690). Tickets Tour Modern Homes, Sept. Pittsburgh).

Buyers 36