Housing Wire

DECEMBER 7, 2022

million, the equilibrium balance between a buyer and seller marketplace that has been here for four decades. One issue that has created a waterfall dive in purchase application data and sales is that new listing data is declining faster than usual. Total inventory levels. NAR: Total Inventory levels 1.22

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Housing Market Mortgage Marketing Inventory 544

Housing Wire

JANUARY 9, 2023

The housing market saw inventory fall 4% last week from the week before. Traditionally, we do see housing inventory fall in the month of December, however, we clearly saw in the second half of 2022 that higher rates created more days on the market and inventory was lingering longer. That’s a big one-week change.

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Inventory Housing Market Marketing New Listings 539

Housing Wire

MAY 8, 2024

Home prices escalated out of control after 2020 and when we look at why that happened, we can see that housing credit mattered more to inventory data than most people realize. On March 18, 2020, purchase application data broke out to pre-cycle highs in demand. What does that mean? Demographics also play a role here.

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Inventory Law New Listings Sellers 445

Housing Wire

DECEMBER 28, 2022

This article is part of our 2022-23 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. months nationally.

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Housing Market Marketing Inventory Mortgage 491

Housing Wire

JULY 16, 2021

The number of homes for sale fell 28% year over year from 2020, and the typical home sold in just 14 days — a record low and, down from 39 days in June 2020. “In June we entered a new phase of the housing market,” Fairweather said. from a year ago. Louis, Missouri (-41%).

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Buyers New Listings Housing Market Marketing 545

Housing Wire

NOVEMBER 9, 2022

In the previous expansion, one of my long-term calls was that the MBA purchase application data will never hit the volume level of 300 until the years 2020-2024. Right on cue, 2020 came and we hit the 300 level. The years 2020-2024 were going to be the time when total home sales could finally reach 6.2 We are up 43% since 2020.

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New Listings Inventory Housing Market Sellers 493

Housing Wire

JANUARY 26, 2024

It was the largest monthly jump in pending home sales since 2020. The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. But new listings activity grew by 9.1% in December, up from 71.6

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Contracts Housing Market Construction Inventory 458

Housing Wire

MAY 28, 2021

Diving deeper, for the two week period ending May 9, 2021, 57% of homes that went under contract had an accepted offer within the first two weeks on the market. But until then, the housing market will remain red-hot.” ” How real estate agents can alleviate consumer pain points in a tight market.

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Buyers Real Estate Agent Real Estate Inventory 421

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. The city’s housing dynamics point to strong buyer demand, which fueled a 16.8% Combined with interest rates that began around 2.5%

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Housing Market Real Estate Agent Marketing Real Estate 421

Housing Wire

DECEMBER 2, 2021

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. The number of new listings was also down compared to 2020, dropping 4%, but it was 12% higher than the number of new listing during the same time period in 2019.

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Inventory New Listings Contracts Housing Market 508

Housing Wire

DECEMBER 21, 2022

From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NAR Chief Economist Lawrence Yun. Plus, available housing inventory remains near historic lows.” This is the biggest story in housing. .

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Inventory New Listings Housing Market Sellers 526

Housing Wire

MARCH 6, 2024

Armed with data from HousingWire sister company Altos Research , we can see in minute detail how the housing market responded to the recent 7%-and-higher rate environment and what the market may see again soon. In the first week of March, for example, the share of listings with price cuts ranged 25-27.2% in 2019-2020, 16.9-17.2%

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Mortgage Sellers New Listings Buyers 427

Housing Wire

SEPTEMBER 13, 2022

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. However, we have entered a tricky period in housing economics where we might have to take this premise more seriously since mortgage rates recently got as low as 2.5% The parts of the U.S.

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Mortgage Inventory New Listings Sellers 520

Housing Wire

NOVEMBER 18, 2022

On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. I cheer because the savagely unhealthy housing market theme I talked about back in February of this year was the same premise of the housing reset talking point the Federal Reserve uses.

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Inventory Marketing Housing Market New Listings 473

Housing Wire

JANUARY 20, 2023

housing market , we just experienced an event that most people never thought could happen. From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun. During that period, we saw new listing data decline.

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Inventory Housing Market New Listings Marketing 541

Housing Wire

JUNE 17, 2021

And 54% of homes sold above their asking price in May — another a record high, up from 26% a year ago, according to a new report from Redfin. The report also shows the housing market also set new records for home-selling speeds and competition, although seasonally adjusted home sales and new listings flattened from April.

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Housing Market New Listings Sellers Buyers 534

Housing Wire

JULY 13, 2021

bidding-war rate Redfin saw in June 2020, when the housing market was starting to rebound from a temporary standstill triggered by pandemic shutdowns, said Laura Sechrist Molenda, a Redfin real estate agent based in Southern California. But recently, we’ve started to see buyers get cold feet. million and 1.92

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Inventory Housing Market Real Estate Agent Buyers 500

Housing Wire

JANUARY 20, 2023

The housing market may have started 2022 out with a bang, but it exited the year with a whimper,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. With the exception of May 2020, when the pandemic had virtually shut down housing market activity, this is the lowest level of monthly home sales in 12 years.”

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Inventory Housing Market Realtors Buyers 374

Housing Wire

SEPTEMBER 22, 2022

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. . With the home-price growth we had in 2020 and 2021, my five-year price-growth model that I set for 2020-2024 of 23% was already smashed in just two years.

Inventory 458

Inventory Housing Market New Listings Mortgage 458

Housing Wire

MAY 24, 2021

The National Association of Realtors Confidence Index Survey for April reveals how hot the housing market is. Per the report, homes that sold had five offers on average , and nearly 50% of homes sold for more than their list price during the four weeks ending May 16. The pandemic continues to impact how people live and work.”

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Realtors Buyers Housing Market New Listings 479

Housing Wire

SEPTEMBER 30, 2020

Realtors can usually count on their biggest season being spring, followed by summer, but nothing about 2020 has been normal, including home-buying patterns. With shut-down orders in the spring, summer became the new home-buying season, but homebuyers were still incredibly active in August. Over the last four weeks ending on Sept.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

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. From the index : I know it seems strange, but existing home sales are falling, and the monthly supply of new homes is at 10.9 million listings.

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Inventory New Listings Law Housing Market 384

Housing Wire

FEBRUARY 7, 2024

Census Bureau published last week shows how drastically housing inventory has changed since 2020, while weekly data from Altos Research offers some insights on where it goes from here. 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.

Inventory 423

Inventory Sellers Mortgage Marketing 423

Housing Wire

AUGUST 27, 2020

year over year, largely on the back of pent-up demand from buyers who were unable to strike deals during the spring, said Lawrence Yun, chief economist of the National Association of Realtors. “We We are witnessing a true V-shaped sales recovery as homebuyers continue their strong return to the housing market,” said Yun.

Contracts 485

Contracts Realtors New Listings Real Estate 485

Housing Wire

FEBRUARY 23, 2024

Our data lines here at Housing — which track things weekly — show inventory is growing year over year with new listings growth as well. Another positive data line is that the days on market are above 30 days, which is something I would love to see year-round. From NAR : Total existing-home elevated 3.1%

Inventory 464

Inventory Mortgage New Listings Marketing 464

Housing Wire

FEBRUARY 12, 2024

New listings each week, which were record few last year, are growing now. But home sellers are gradually easing back into this housing market. New listings volume climbing I want to start today with the new listings volume, which is notably finally climbing over last year’s anemic levels.

Sellers 404

Sellers Housing Market Buyers New Listings 404

Housing Wire

APRIL 25, 2024

There is no way you can stay on top of things unless you hire someone to watch new listings pop up every 10 minutes. While DeRoussel’s experience sounds exactly like many of the stories that emerged from the pandemic-fueled homebuying frenzy of 2020 and 2021, this happened just a few weeks ago in early April 2024.

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Buyers Marketing Inventory Investors 419

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At Altos considers any score above 30 to be a seller’s market.

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Housing Market Buyers Agents Marketing 432

Housing Wire

AUGUST 3, 2022

However, as we all know, after 2020, things are just more intense. . The question is, can lower mortgage rates save the housing market from its recent downtrend? This is why I focused my readers on the years 2020-2024, because if home prices only grew by 23% over five years, we would be ok. housing market.

Mortgage 504

Mortgage Inventory Sellers Housing Market 504

Housing Wire

MARCH 29, 2024

It is nearly April, which means temperatures in the Austin metropolitan area are heating up — and so is the housing market. The market is still strong,” said Wendy Cash, a broker at Austin area-based Century 21 Hellmann Stribling. Buyers are still buying and sellers are still selling.

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Housing Market Agents Marketing Inventory 405

Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” Both buyers and sellers are coming back to the market,” Fischer said. Like elsewhere in the country, Indiana has struggled with housing inventory. Data from Altos Research backs up Fischer’s observations.

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Housing Market Marketing Inventory Construction 434

Housing Wire

JUNE 22, 2023

The days on market are back to a teenager level in the existing home sales market, which means I can officially say we are back to a savagely unhealthy housing market! Nothing good happens in the housing market when the days on market are at a teenager level or lower.

Housing Market 522

Housing Market Marketing Inventory Law 522

Housing Wire

JUNE 21, 2021

Many are eyeing scenic East Tennessee, where Knoxville and its surrounding suburbs have formed one the country’s hottest housing markets. Currently on Realtor.com , more than 2,000 homes are currently on the market in Knoxville with an average listing price of $270,000. year-over-year. .

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Housing Market Marketing Realtors Inventory 432

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. Today, the Federal Reserve achieved its primary goal; the days on the market are now above 30 days, which was the most important data line to get housing back to somewhat normal.

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Housing Market Marketing Inventory Buyers 410

Housing Wire

JULY 20, 2021

Mortgage applications for new home purchases in June decreased 3% from May and 23.8% year over year, suggesting a slowdown in the housing market, according to a recent report from the Mortgage Bankers Association. “Last year was the strongest year in the housing market for new home sales in over a decade,” he said.

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Housing Market Marketing Inventory Construction 500

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. When I came up with the “ savagely unhealthy housing market ” label in February of this year, it was based on the premise that the housing inflation story that we have had to deal with since 2020 was a historical event.

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Sellers Inventory Housing Market New Listings 504

Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I Smith attributes the uptick in inventory to a bump in new listings.

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