Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. However, I knew the years 2020-2024 would see better demand from the bump in demographics.

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Inventory Marketing Housing Market New Listings 473

Housing Wire

FEBRUARY 6, 2023

Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. Weekly Housing Inventory A few weeks ago, I was encouraged that we had a slight increase in inventory and a small decline the following week. This week inventory fell 8,664 units from the previous week.

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Inventory Housing Market Marketing New Listings 462

Housing Wire

JANUARY 9, 2023

The housing market saw inventory fall 4% last week from the week before. Does that mean we are heading back to all-time lows in inventory again for 2023? During the last four weeks and especially this past week, we are seeing inventory decline faster than expected. Weekly housing inventory. Weekly inventory change: (Dec.

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Inventory Housing Market Marketing New Listings 538

Housing Wire

DECEMBER 3, 2020

Even prior to the pandemic , housing inventory had hit record lows, and the problem has only gotten worse as demand continues to rise. 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.

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Inventory Housing Market Marketing New Listings 546

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

SEPTEMBER 13, 2022

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. 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.

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Mortgage Inventory New Listings Sellers 520

Housing Wire

DECEMBER 21, 2022

In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! 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.

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Inventory New Listings Housing Market Sellers 525

Housing Wire

FEBRUARY 27, 2023

We created the weekly Housing Market Tracker because housing data has been so wild since 2020. The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. Weekly inventory change (Feb. 17): Fell from 436,558 to 429,757 Same week last year (Feb.11-18):

Housing Market 438

Housing Market Marketing Inventory New Listings 438

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. But that’s not slowing down buyers. from a year ago. from a year ago.

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Buyers Real Estate Agent Real Estate Inventory 421

Housing Wire

JANUARY 20, 2023

“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.” December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates,” Lawrence Yun, NAR’s chief economist, said in a statement.

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Inventory Housing Market Realtors Buyers 372

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. in May and a peak of 74.1%

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Inventory Housing Market Real Estate Agent Buyers 500

Housing Wire

SEPTEMBER 22, 2022

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. Since the summer of 2020, I have talked about what could change the housing market, which was a 10-year yield above 1.94%, which means rates over 4%. million to 1.28

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Inventory Housing Market New Listings Mortgage 457

Housing Wire

FEBRUARY 23, 2024

Here are some charts reviewing today’s report with a host of data lines from the NAR existing home sales report: [link] A few critical glaring points: active inventory is still historically low, and so is monthly supply data. The recent move in mortgage rates from 8.03% to 6.63% pushed the purchase application data positive.

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Inventory Mortgage New Listings Marketing 462

Housing Wire

JANUARY 26, 2024

It was the largest monthly jump in pending home sales since 2020. Looking ahead Confronted with limited existing home inventory, many buyers have pivoted to newly constructed homes. But new listings activity grew by 9.1% Pending home sales rose 8.3% NAR’s Pending Home Sales Index (PHSI) increased to 77.3

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Contracts Housing Market Construction Inventory 458

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.

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Mortgage Sellers New Listings Buyers 424

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 Housing inventory issue with no booming demand.

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Inventory New Listings Law Housing Market 384

Housing Wire

DECEMBER 7, 2022

Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. Total inventory levels. NAR: Total Inventory levels 1.22 million Historically inventory levels range between 2 million and 2.5 Naturally, with those two variables in place, demand will collapse.

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Housing Market Mortgage Marketing Inventory 544

Housing Wire

DECEMBER 28, 2022

The last time we saw prices decline, the combination of declining prices and bad mortgages forced inventory onto the market. This time, declining prices are likely tempering the pace of inventory going onto the market rather than accelerating. Since the beginning of 2020, inventory levels have been historically low.

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Housing Market Marketing Inventory Mortgage 491

Housing Wire

OCTOBER 24, 2022

It’s now October, we’ve had the biggest spike in mortgage rates we’ve seen in decades, and all the signs of a slowdown are here: Inventory is rising. The price of new listings is dropping. Home buyers got spooked when mortgage rates passed 5.5%. At this point, buyers actually perked up a bit and got more active.

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Real Estate Marketing Inventory Sellers 323

Housing Wire

FEBRUARY 6, 2023

Prior to the pandemic, buyers paid closer to 0.5 points on average, with a corresponding cost of about $1,500, in 2018 through 2020. “On 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.

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Inventory Mortgage New Listings Home Value 384

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.

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Real Estate Agent Real Estate Agents Realtors 546

Hank Miller Team

APRIL 6, 2022

It's time to answer the nagging question…did housing inventory in Atlanta increase during the first quarter of 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. The broad market was strong and largely balanced through Jan 2020.

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Inventory Contracts Buyers Sellers 94

Housing Wire

MAY 21, 2021

“But there may be signs that some buyers would rather spend their money on restaurants, vacations, and other things they have held back on for the past year, instead of on housing now that the threat of the pandemic is dissipating in America.” 2019 is being used as a reference point since 2020 data is skewed by the pandemic.). .”

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Housing Market Marketing New Listings Mortgage 540

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 Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”.

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Contracts Realtors New Listings Real Estate 485

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 416

Housing Wire

MARCH 12, 2021

REX, an Austin-based real estate startup, said Zillow’s new listing layout, which includes tabs entitled “agent listings” and “other listings,” positions its listings in a “recessed obscured, and deceptive tab that consumers do not see.” billion visits. .

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Real Estate Brokerage Realtors Real Estate Agent 479

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.

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Inventory New Listings Buyers Marketing 52

Housing Wire

AUGUST 3, 2022

However, as we all know, after 2020, things are just more intense. . 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. They have to move as well, so a traditional seller is a buyer most of the time when it’s a primary resident owner.

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Mortgage Inventory Sellers Housing Market 504

Housing Wire

MARCH 18, 2024

real estate market were for inventory growth, sales growth and home-price growth across the U.S. Of my initial expectations this year — rising inventory, rising sales rates, rising prices — only rising inventory remains clear at this moment as we finish Q1 with rising interest rates. As we started 2024, the signals in the U.S.

Inventory 426

Inventory New Listings Sellers Contracts 426

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 We are seeing a healthy increase in inventory, which we really needed.” Smith attributes the uptick in inventory to a bump in new listings.

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Insurance Inventory Marketing Real Estate 404

Housing Wire

FEBRUARY 12, 2024

Each week — for several months now — inventory levels of unsold homes on the market has been expanding compared to last year. Even as inventory declined this week, it’s relatively growing compared to a year ago. This week, inventory fell by half a percent. New listings each week, which were record few last year, are growing now.

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Sellers Housing Market Buyers New Listings 399

Housing Wire

NOVEMBER 16, 2020

The city’s housing dynamics point to strong buyer demand, which fueled a 16.8% year-over-year gain in listing prices during the week of Nov. While about 50% of the metro area’s buyers are local, an additional 17% of buyers come from other Texas cities, like Dallas and Houston. 7,” Raitu said.

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Housing Market Real Estate Agent Marketing Real Estate 421

Housing Wire

APRIL 20, 2023

months’ worth of housing inventory in the U.S. If we are trending below 4 million — a possibility with new listing data trending at all-time lows — then we have much weaker demand than people think. Now, post-2020, we have had three straight years of late-in-the-year runs in this data line to mess everything up.

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Inventory Housing Market Marketing New Listings 528

Housing Wire

AUGUST 7, 2023

As a result, the available inventory of homes for sale is slightly higher each week. Higher mortgage rates mean higher monthly payments, less affordability for home buyers and slightly fewer transactions. With fewer transactions, inventory is building just a bit as we approach the end of the summer.

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Inventory New Listings Contracts Buyers 323

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 Even if we get more listings, it is not going to be enough for people.

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Housing Market Buyers Agents Marketing 430

Housing Wire

APRIL 5, 2021

Prices are up sharply as housing inventory continues to plateau , leaving 40% fewer homes on the market compared to last year, according to a report prepared by Black Knight. Instead of making up for the shortfall, new listings have slumped further in 2021. million, the lowest level of paused payments since April 2020.

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Inventory Buyers New Listings Mortgage 500

McKissock

OCTOBER 27, 2021

Good news for agents working with first-time home buyers on a budget: after nearly two years of ultra-low inventory and rising property values, small, affordable homes are starting to hit the market at a steady rate. The median listing price rose slower in July than the month before, keeping the median housing price in the U.S.

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Real Estate Agent Marketing Real Estate Buyers 80