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 425

Housing Market Marketing Inventory New Listings 425

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 528

Inventory New Listings Retail Mortgage 528

Housing Wire

OCTOBER 20, 2022

Mortgage rates have more than doubled from the beginning of the year and homebuyers facing affordability challenges are increasingly turning to adjustable-rate mortgages (ARMs) to reduce their monthly payments. The Freddie Mac’s index compiles purchase mortgage rates reported by lenders during the past three days.

Mortgage 406

Mortgage Sellers Buyers New Listings 406

Housing Wire

APRIL 15, 2024

New Orleans, San Antonio, Tampa, Orlando and Jacksonville are among the locales that posted the slowest month-over-month price growth in March. There are places where new construction relieved some pressure, and where homeowners are less locked into their mortgage, but not in the nation’s most expensive metros.

Housing Market 404

Housing Market Inventory Buyers New Listings 404

Housing Wire

JUNE 9, 2023

The housing bubble boys are a crew that from 2012 to 2019 screamed housing crash every year. In 2022 it was all about finding a point in time when I thought mortgage rates would fall, which was key to understanding how the purchase application data would react to lower mortgage rates. That could send mortgage rates under 6%.

Inventory 545

Inventory Housing Market New Listings Mortgage 545

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 504

Mortgage Inventory Sellers Housing Market 504

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 486

New Listings Inventory Housing Market Sellers 486

Housing Wire

JANUARY 23, 2023

Mortgage rates fell, but the bond market didn’t break what I see as a critical level, so for now, stabilization is more important. Last week’s housing market data provided mixed news. Mortgage rates ended the week at 6.15%, but the 10-year yield didn’t break the critical level I was looking for and reversed higher on Friday.

Housing Market 508

Housing Market Marketing Inventory New Listings 508

Housing Wire

MAY 21, 2021

Nearly 50% of homes sold for more than their list price during the four weeks ending May 16, but there are signs that housing market demand may be reaching its peak, according to a recent study from Redfin. Mortgage purchase applications also decreased 4% week over week. Asking prices increased to $358,975, also a record high.

Housing Market 540

Housing Market Marketing New Listings Mortgage 540

Housing Wire

MARCH 6, 2023

The housing market faced some serious obstacles last week as the 10-year yield broke over 4%, mortgage rates rose to over 7%, purchase apps fell again and we are still trying to find the elusive seasonal bottom for housing inventory. My 2023 inventory forecast needs a lot of help, as new listing data isn’t growing at all still.

Inventory 454

Inventory Housing Market Marketing New Listings 454

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 472

Inventory Marketing Housing Market New Listings 472

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 408

Inventory Sellers Mortgage Marketing 408

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 454

Inventory Housing Market New Listings Mortgage 454

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. Mortgage rates spiked in March, and then the new listing data started to decline at the end of June. This is the biggest story in housing. .

Inventory 519

Inventory New Listings Housing Market Sellers 519

Housing Wire

MAY 24, 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.).

Realtors 479

Realtors Buyers Housing Market New Listings 479

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 February, the number of homes available for sale fell for the fifth consecutive month, and new listings ran 27% below pre-pandemic levels.

Inventory 397

Inventory New Listings Housing Market Mortgage 397

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. Mortgage rate fatigue. Selective sellers.

Housing Market 408

Housing Market Marketing Inventory Buyers 408

Housing Wire

MAY 28, 2021

“We are seeing a typical late-spring slowdown in new listings and pending sales, but prices don’t typically peak until late August, and their growth remains completely unhinged,” said Daryl Fairweather, Redfin’s chief economist. For the week ending May 27, 30-year mortgage rates fell slightly to 2.95%.

Buyers 421

Buyers Real Estate Agent Real Estate Inventory 421

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 532

Inventory Housing Market Marketing New Listings 532

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 389

Housing Market Marketing Inventory Sellers 389

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 As sales volumes continued to slump, inventory growth stalled, as sellers are taking a step back from listing their homes.

Inventory 384

Inventory Mortgage New Listings Home Value 384

Housing Wire

JANUARY 30, 2023

The 10-year yield can’t break lower from the critical level I have discussed, so not much is happening with mortgage rates. Does this move have more legs to run, and will we need lower mortgage rates to get more growth in this data line? 10-year yield and mortgage rates There wasn’t much action in mortgage rates last week.

Inventory 495

Inventory Housing Market Marketing Mortgage 495

Housing Wire

AUGUST 27, 2020

in July, the third consecutive month of gains, fueled by low mortgage rates and unprecedented demand from consumers. Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”. gain compared with 2019. pending home sales rose 5.9% million, a 1.1%

Contracts 485

Contracts Realtors New Listings Real Estate 485

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 384

Inventory New Listings Law Housing Market 384

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 533

Inventory Housing Market Marketing Mortgage 533

Housing Wire

APRIL 9, 2023

The housing market welcomed the news of lower mortgage rates last week after four reports showed that the labor market isn’t as tight as it seems and that the fear of 1970s-entrenched inflation was a lousy narrative. Active inventory rose by 823 single-family homes and new listing data is trending at all-time lows.

Housing Market 540

Housing Market Marketing Mortgage Inventory 540

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.

Housing Market 419

Housing Market Real Estate Agent Marketing Realtors 419

Housing Wire

NOVEMBER 30, 2021

Mortgage rates? 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 437

Real Estate Agents Real Estate Agent Business 437

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 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 497

Mortgage Inventory Sellers New Listings 497

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Mortgage rates. So where does all that drama leave us for 2023?

Housing Market 538

Housing Market Marketing Inventory New Listings 538

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% However, with price growth and mortgage rates skyrocketing, the hit to affordability is historic.

Sellers 504

Sellers Inventory Housing Market New Listings 504

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. And mortgage rates are 100 basis points higher.

Mortgage 426

Mortgage Inventory Sellers New Listings 426

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 466

Inventory New Listings Contracts Sellers 466

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 507

Inventory New Listings Sellers Real Estate 507

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 Home sales in Texas increased 13.5%

Real Estate 69

Real Estate Marketing New Listings Inventory 69

Housing Wire

JANUARY 12, 2023

The housing inventory shortage dominated much of the conversation surrounding the housing market in 2022, but thanks to softening homebuyer demand, the number of active listings finished the year up 54.7% compared to December 2019 and 38.2% compared to the December 2017-2019 average. “In below its pre-pandemic 2019 level.

Inventory 528

Inventory Buyers New Listings Sellers 528