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 484

New Listings Inventory Housing Market Sellers 484

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

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 411

Inventory Sellers Mortgage Marketing 411

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. Mortgage rates hit 6.80%, marking the high point for 2023 so far.

Inventory 395

Inventory Housing Market Mortgage Marketing 395

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 427

Housing Market Marketing Inventory New Listings 427

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 522

Inventory New Listings Housing Market Sellers 522

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. Who is selling right now?

Housing Market 408

Housing Market Marketing Inventory Buyers 408

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

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 539

Housing Market Marketing New Listings Mortgage 539

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. 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.

Housing Market 390

Housing Market Marketing Inventory Sellers 390

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 448

Inventory Housing Market New Listings Mortgage 448

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 477

Contracts Realtors New Listings Real Estate 477

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 382

Inventory Mortgage New Listings Home Value 382

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 471

Realtors Buyers Housing Market New Listings 471

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 537

Inventory Housing Market Marketing New Listings 537

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. 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% Image by Brandon Johnson/HW Media.).

Sellers 498

Sellers Inventory Housing Market New Listings 498

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 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. The goal in prospecting FSBO sellers is to be that agent.

Real Estate 370

Real Estate Open Houses Brokerage Real Estate Agent 370

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

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 539

Housing Market Marketing Mortgage Inventory 539

Housing Wire

FEBRUARY 20, 2024

Mortgage rates are back over 7%. Even as money is more expensive and there are more sellers than a year ago, we can also see slight home sales growth over 2023. The economy has continued to be strong, so mortgage rates have defied expectations and remained very high. Is new supply growing out of balance with demand?

Mortgage 495

Mortgage Inventory Sellers New Listings 495

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 425

Mortgage Inventory Sellers New Listings 425

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

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 52

Inventory Sellers Buyers Real Estate 52

Housing Wire

APRIL 1, 2024

As mortgage rates rose starting in 2022, payment affordability got dramatically worse and homebuyer demand dried up. At the same time, seller volume dried up. But now sellers are coming back into the market. New listing volume last week was 18% more than a year ago. More sellers means more sales in 2024.

Inventory 457

Inventory New Listings Contracts Sellers 457

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

Cornerstone

OCTOBER 5, 2021

This is excellent news if you’re a seller. The NAR survey also finds that home sellers have received 4.5 Fall in love with your new mortgage. Maybe you, like many home sellers, have found that your current house can no longer meet you and your family’s needs. Buyers will likely compete for your home.

Sellers 53

Sellers Loan Officers Inventory New Listings 53

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 541

Housing Market Marketing Inventory New Listings 541

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 415

Inventory New Listings Sellers Contracts 415

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 529

Inventory Buyers New Listings Sellers 529

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

MAY 6, 2024

As mortgage rates stay elevated and the number of unsold homes on the market grows — especially in the South — the leading indicators for future home sales prices continue to be softer than the current headlines suggest. That can change if mortgage rates fall dramatically, but the current trends show weakening home prices, not strengthening.

Inventory 423

Inventory Contracts Sellers New Listings 423

Berkshire Hathaway

JUNE 15, 2021

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. Though all of this we know you know, now onto the good news!

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. Even sellers; while it’s likely they’ll back up the Brinks truck, what’s the next move?

Inventory 94

Inventory Contracts Buyers Sellers 94

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. We couldn’t even see it. It is so hard to compete with that.”

Buyers 406

Buyers Marketing Inventory Investors 406

Housing Wire

JANUARY 22, 2024

In November of 2019 the number of single-family homes for sale was at 6,000. Holle’s business was down about 10% in 2023 compared to 2022, which she attributes almost exclusively to elevated mortgage rates. In 2024, she is optimistic that sellers will sell and more buyers will come to the market, as there is a big pent-up demand.

Housing Market 416

Housing Market Marketing Logistics Real Estate 416

Housing Wire

FEBRUARY 21, 2023

Last June, the Federal Reserve said it wanted a housing reset , which meant it wanted higher mortgage rates to destroy the housing market. This would give the housing market a buffer in supply, just in case mortgage rates fall again. that don’t have inventory near 2019 levels. We will bounce from this level, but context matters.

Housing Market 404

Housing Market Marketing Inventory Buyers 404