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. We saw this happen in 2013-2014 and 2018-2019. New listing data is down 5% year to date, as you can imagine. Right on cue, 2020 came and we hit the 300 level.

New Listings 481

New Listings Inventory Housing Market Sellers 481

Housing Wire

DECEMBER 3, 2020

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. The divide between supply and demand is striking: compared to last year, total new listings increased.22%,

Inventory 546

Inventory Housing Market Marketing New Listings 546

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. 2019 is being used as a reference point since 2020 data is skewed by the pandemic.). .

Housing Market 540

Housing Market Marketing New Listings Mortgage 540

Housing Wire

JANUARY 23, 2023

I want to see total inventory back at the 2019 level — this would mean NAR data breaking above 1.52 One week after that prediction, the new listing data declined faster and earlier than usual. Even getting inventory back to 2019 levels would still mean total housing inventory was historically low.

Housing Market 508

Housing Market Marketing Inventory New Listings 508

Housing Wire

MARCH 6, 2024

This is clear in the chart below, which shows the year-over-year percent change in the four-week average of new listings. This data, courtesy of Altos, shows that new listings retreat when rates rise and accelerate when rates fall: High rates are bad, too, for the sellers who decided to list their homes.

Mortgage 400

Mortgage Sellers New Listings Buyers 400

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. New listing data New listings data can grow in 2024, something I talked about on CNBC last year as this data line didn’t trend much lower when mortgage rates were heading toward 8%.

Inventory 526

Inventory New Listings Retail Mortgage 526

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. This is not a positive for the housing market.

Inventory 470

Inventory Marketing Housing Market New Listings 470

Housing Wire

SEPTEMBER 24, 2023

On housing inventory , new listings data saw a small decline last week, but active listings grew at a healthy clip. We have had some volatile weekly numbers in the new listings data recently, but even with the mortgage rate spike, the decline was orderly, as it has been all year.

Mortgage 432

Mortgage Inventory New Listings Housing Market 432

Housing Wire

JUNE 9, 2023

The housing bubble boys are a crew that from 2012 to 2019 screamed housing crash every year. 1 story in the second half of 2022 was that after mortgage rates spiked, new listing data started to go negative year over year, which was crazy because we were already working from all-time lows. Housing inventory The No.

Inventory 545

Inventory Housing Market New Listings Mortgage 545

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. 2019 is being used as a reference point since 2020 data is skewed by the pandemic.). Mortgage purchase applications also decreased 4% week over week.

Realtors 479

Realtors Buyers Housing Market New Listings 479

Housing Wire

MARCH 6, 2023

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 445

Inventory Housing Market Marketing New Listings 445

Housing Wire

DECEMBER 21, 2022

We have had two historic events that created a waterfall dive in demand recently; we now have precise data showing new listing data declining with those events, which shows how important that data line is to housing demand. Mortgage rates spiked in March, and then the new listing data started to decline at the end of June.

Inventory 515

Inventory New Listings Housing Market Sellers 515

Housing Wire

SEPTEMBER 22, 2022

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 451

Inventory Housing Market New Listings Mortgage 451

Appraisal Buzz

JUNE 18, 2021

Although competition continues to drive up home prices, but home tours, offers and pending sales have slowed, according to a new report from Redfin. New listings – a key lever for home sales growth – have held up better than pending sales and are inching up increasingly close to 2019 levels.

Real Estate Agent 195

Real Estate Agent New Listings Real Estate Agents 195

Housing Wire

JULY 13, 2021

An improving supply situation may also be making a difference, with new listings up 4% year over year — meaning more properties are hitting the market for buyers to bid on. In 2018-2019, total housing inventory was in the range between 1.52 million and 1.92 million to 5.61

Inventory 500

Inventory Housing Market Real Estate Agent Buyers 500

Housing Wire

FEBRUARY 7, 2024

Most of the trends begun in 2020 continued in 2021 except for renter-occupied homes, which rose above 2019 levels in the second half of the year. There were nearly 2 million more renter-occupied homes in the fourth quarter of 2023 than in the same quarter of 2019.

Inventory 400

Inventory Sellers Mortgage Marketing 400

Housing Wire

OCTOBER 15, 2021

This also represents a 46% increase compared to the same time period in 2019, according to Redfin. While demand has remained high, inventory continues to drop with new listings of homes down 8% from a year prior and the total number of active listings down 21% from 2020.

Contracts 400

Contracts Landlords Inventory New Listings 400

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

AUGUST 27, 2020

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. “We are witnessing a true V-shaped sales recovery as homebuyers continue their strong return to the housing market,” said Yun. That would bring the full-year total to 5.4

Contracts 485

Contracts Realtors New Listings Real Estate 485

Housing Wire

MAY 4, 2023

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. New listings activity will continue to be very low throughout much of 2023. Selective sellers. Who is selling right now?

Housing Market 402

Housing Market Marketing Inventory Buyers 402

Housing Wire

APRIL 3, 2023

In February, the number of homes available for sale fell for the fifth consecutive month, and new listings ran 27% below pre-pandemic levels. In addition, 47 of 50 markets saw their active listing count decline that month. On the bright side, homeowners with mortgages still had $9.3

Inventory 396

Inventory New Listings Housing Market Mortgage 396

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

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.

Inventory 385

Inventory Housing Market Mortgage Marketing 385

Housing Wire

MARCH 6, 2023

25, purchase lock counts were 21% below the same week in 2019, and 30% below the levels during the same week in 2018. in recent months due to a combination of falling demand and a weakening inflow of new listings. As of the week ending Feb. Months of supply stagnated at about 3.1 With 30-year rates at 6.5%

Housing Market 385

Housing Market Marketing Inventory Sellers 385

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%.

Inventory 384

Inventory Mortgage New Listings Home Value 384

Housing Wire

JANUARY 30, 2023

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 495

Inventory Housing Market Marketing Mortgage 495

Housing Wire

JANUARY 9, 2023

We want to see whether this weekly data stops declining before the spring seasonal push in inventory or if we will have a repeat of the second half of 2022, where we saw a lack of new listing growth. What we don’t want to happen this year is a decline in new listing data on a yearly basis.

Inventory 527

Inventory Housing Market Marketing New Listings 527

Housing Wire

OCTOBER 20, 2022

Sellers are responding to the shift in the market and pulling back on listing activity, resulting in a 9.8% decrease in new listings compared to last year and even further below 2019 levels, according to Realtor.com.

Mortgage 404

Mortgage Sellers Buyers New Listings 404

Housing Wire

NOVEMBER 16, 2020

That’s even with home prices jumping to an average of $226,000 in September – an 18% jump from September 2019. Moreover, 30% of El Paso shoppers are looking at local homes from out-of-state, with top views coming from New York, Albuquerque, and Los Angeles.”. “Interest rates were so low, at 2.5%

Housing Market 418

Housing Market Real Estate Agent Marketing Realtors 418

Housing Wire

AUGUST 3, 2022

We saw this in 2013-2014 and 2018-2019. million to the lows of January 2019 at 4.98 We see some of this in the active listing data as new listings are declining. Lower rates may pull some of these listings forward as people feel more comfortable with rates down; time will tell. Higher rates and sales data.

Mortgage 504

Mortgage Inventory Sellers Housing Market 504

Housing Wire

NOVEMBER 30, 2021

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 Mortgage rates?

Real Estate 434

Real Estate Agents Real Estate Agent Business 434

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

JANUARY 16, 2023

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. One of my biggest concerns for housing started at the end of June 2022: once mortgage rates got above 6%, the new listing data began to decline faster and earlier than normal.

Inventory 533

Inventory Housing Market Marketing Mortgage 533

Housing Wire

OCTOBER 11, 2022

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

Sellers Inventory Housing Market New Listings 504

Housing Wire

MARCH 22, 2024

According to data from Altos Research as of March 15, the 90-day average number of single-family active listings in the Naples-Marco Island metro area was 2,362, up from 1,605 one year earlier but down from the 3,760 listings recorded in late March 2019 prior to the COVID-19 pandemic. In comparison, the average U.S.

Insurance 381

Insurance Inventory Marketing Real Estate 381

Listing Spark

AUGUST 28, 2020

this July as compared to July 2019. Austin: 10% Increase in Median Sales Price ($353,000) 21% Increase in closed sales (4,537) 3 day reduction in days on market (44 days 13% increase in new listings (4,767) 32% reduction in active listings and a 32% increase in pending sales Currently sitting at a staggeringly low 1.7

Real Estate 69

Real Estate Marketing New Listings Inventory 69

Housing Wire

JANUARY 5, 2023

Going back to 2013, I have stressed that my affordability index gets tripped up if mortgage rates get above 5.875% , and wrote about this in 2019 as we were about to enter my critical period of 2020-2024. Since 2019, the critical factor for my economic work has been the 10-year yield breaking 1.94%. million in 2023. million for 2023.

Housing Market 535

Housing Market Marketing Inventory New Listings 535