Housing Wire

JANUARY 30, 2023

Housing inventory decreased by 6,468 units, a more pronounced decline from the previous week. Weekly housing inventory There is, again, another downside report on weekly inventory, as inventory has fallen noticeably again this week from the week prior. However, it has now fallen again, and inventory decreased by 6,468.

Inventory 495

Inventory Housing Market Marketing Mortgage 495

Housing Wire

JULY 5, 2023

Gerli cites data from a company called AllTheRooms to make the case that the Airbnb /short-term rental market is “crashing” and it will have a big impact on inventory. In some markets there are now 2-3x more homes listed on Airbnb than for sale, a situation that has robbed the housing market for inventory,” Gerli wrote in an email.

Inventory 396

Inventory Housing Market Marketing Sellers 396

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.

Inventory 529

Inventory Housing Market Marketing New Listings 529

Housing Wire

JANUARY 20, 2023

On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. million in January down to about 4 million in December, We now have total inventory levels near all-time lows again. In one of the most historical years in the U.S.

Inventory 539

Inventory Housing Market New Listings Marketing 539

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. I discussed my theory on why inventory bottoms out later in the year on this HousingWire Daily podcast.

Inventory 450

Inventory Housing Market Marketing New Listings 450

Housing Wire

DECEMBER 8, 2021

My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6. 2 million , we could be at risk of housing inventory falling to such low levels that I would have to categorize this housing market as unhealthy. 2020 and 2021 easily each have over 6.2

Inventory 518

Inventory Housing Market Marketing Mortgage 518

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.

Inventory 453

Inventory Housing Market Marketing New Listings 453

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. Things are different post-2020, and inventory is bottoming out later in the year.

Inventory 389

Inventory Housing Market Mortgage Marketing 389

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.

Inventory 471

Inventory Marketing Housing Market New Listings 471

Housing Wire

MARCH 31, 2021

After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February. Gradually increasing mortgage rates, heightened home prices and inventory levels at historic lows finally coalesced in February to depress in-contract deals. and West (96.9) respectively. and West (96.9)

Inventory 500

Inventory Contracts Housing Market Buyers 500

Housing Wire

AUGUST 22, 2023

Foreclosure inventory hit a 15-month low in July representing the continued strength of mortgage performance. July’s foreclosure sales (completions) of 6,100 nationally were down 11% from June.

Inventory 351

Inventory Mortgage Housing Market Marketing 351

Housing Wire

AUGUST 18, 2021

I have often said that both purchase applications and housing starts would be limited until we hit the period of favorable housing demographics from 2020 to 2024. Specifically, I said that purchase applications would not get to 300 in the MBA index until 2020 to 2024. The post Why aren’t builders creating more housing inventory?

Inventory 520

Inventory Buyers Business Mortgage 520

Housing Wire

JULY 29, 2022

That marks the first month since July 2019 (pre-pandemic) that housing inventory increased year over year. The home-inventory bump dovetails with other data indicating the nation’s housing market lost some steam this past month, according to a June housing-market report from Seattle-based Redfin. percentage points from June 2021.

Inventory 466

Inventory Housing Market Inspection Marketing 466

Housing Wire

MAY 27, 2021

Like new and existing sales, pending home sales felt the strain of exhausted home inventory in April ? The upper-end market is still moving sharply as inventory is more plentiful there.”. Factors that would increase inventory include homeowners feeling more comfortable listing their properties and the end of forbearance periods. .

Inventory 439

Inventory Realtors Contracts Marketing 439

Housing Wire

OCTOBER 8, 2021

In the most recent month with data available on that follow-up question, 66% surveyed said that it was a bad time to buy a home because prices are too high, up from just 12% who said prices were too high in July 2020. Meanwhile only 19% said it was a good time to buy because of low interest rates, down from 44% in July 2020.

Renovations 542

Renovations Inventory Marketing Property Taxes 542

Housing Wire

JUNE 29, 2021

The first thing that pops into my shriveled brain is how the housing market looked in February of 2020. Data from that month showed that housing was breaking out — but because we received this data in March of 2020, we were all too busy trying to survive to take notice. with the housing market leading the way. Become a member today.

Inventory 542

Inventory Housing Market Marketing Business 542

Housing Wire

APRIL 2, 2021

There is a desperate lack of inventory in the housing market right now, which is driving up home prices at an unsustainably rapid pace, MBA’s senior vice president and chief economist Mike Fratantoni noted. Total construction employment remains 182,000 below its February 2020 level. from the pre-2020 recession peak in Feb.

Inventory 504

Inventory Construction Housing Market Business 504

Housing Wire

APRIL 13, 2021

low inventory. “The true test of whether 2020 volume represents a unique event will be whether the historically low inventory of homes for sale continues into the summer,” Tomb said. . Just how fruitful was 2020 for title insurers? billion written in 2020 was a nearly 22% increase from the $15.8

Insurance 369

Insurance Inventory Marketing Mortgage 369

Housing Wire

JUNE 2, 2022

I always try to focus people on the total inventory data until we get inventory back into a range of 1.52-1.93 million; we are still in a savagely unhealthy housing market because the price growth we have seen since 2020 has more to do with supply than demand. What levels should we be hoping for? Then this happened.

Training 410

Training Inventory Housing Market Real Estate Agent 410

Housing Wire

MARCH 2, 2023

Nationwide, pre-pandemic the first week of February typically marks the lowest point for housing inventory during the year, as sellers return to the market in time for spring, but since the onset of the pandemic this predictable trend has been thrown out the window. “

Real Estate Agent 380

Real Estate Agent Inventory Real Estate Agents 380

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. Homesnap said this trend could further drain inventory as 2021 approaches. Home prices have risen as a result of the mismatch in homebuyer demand and housing inventory. Presented by: Freddie Mac.

Inventory 546

Inventory Housing Market Marketing New Listings 546

Housing Wire

MARCH 15, 2022

HousingWire: Let’s start with a bang Logan, will the inventory crisis end this year? The goal for inventory is to get back to 1.52-1.93 The goal for inventory is to get back to 1.52-1.93 Inventory is about to increase as it always does during this year. Back to the inventory crisis. housing market.

Inventory 390

Inventory Housing Market Retail Marketing 390

Housing Wire

DECEMBER 30, 2020

Mortgage rates would fall to record lows 16 times throughout 2020, with origination volume expected to eclipse $4 trillion. July also reported that thanks to low rates, the second quarter of 2020 experienced a 12-year high in homeownership. By the end of 2020, only Guild and Rocket actually entered the public markets.

Mortgage 545

Mortgage Investors Housing Market Marketing 545

Housing Wire

JUNE 25, 2021

That number then steadily dropped, bottoming out at 825 in the second quarter of 2020 after COVID-19 was officially declared a pandemic. But iBuying companies resumed business in full in May and June of 2020 as housing demand began to rebound, thanks to record-low mortgage rates and a wave of relocations made possible by remote work.

Renovations 367

Renovations Marketing Buyers Inventory 367

Appraisal Buzz

MARCH 15, 2022

According to a new report from Redfin, demand for vacation homes fell drastically in February, with mortgage-rate locks for second homes reaching their lowest level since May 2020. February also marked the first month since the start of … The post Inventory Down, Prices Up in Vacation Hotspots appeared first on DSNews.

Inventory 150

Inventory Appraisal Mortgage 150

Housing Wire

JUNE 8, 2022

I am going to do my best to try to make sense of what is happening with the housing market right now, since the years 2020-2024 have been a talking point of mine for years and my biggest concern since the fall of 2020 has been prices overheating — not having a deflationary collapse. . million until then as well.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

Housing Wire

MARCH 9, 2022

In 2020, flat-fee absolutist Fathom lost $1.3 As housing inventory continues to tighten, making it harder to agents to complete transactions and earn commissions, Harley believes that Fathom’s flat fee model will help the brokerage attract even more agents, leading to an increase in the overall number of transactions closed.

Inventory 329

Inventory Brokerage Realty Real Estate 329

Real Estate News

APRIL 4, 2024

There are more green shoots for would-be home buyers this spring as inventory grows to its highest point since 2020, according to Realtor.com’s monthly report.

Inventory 260

Inventory Buyers 260

Housing Wire

SEPTEMBER 21, 2023

The simple answer is the same one I have been giving for years, especially after the summer of 2020: We have too many people chasing too few homes. We broke to all-time lows in active listings data in the worst time possible — the years 2020-2024, when home-buying demographics were the best in U.S. Unsold inventory sits at a 3.3-month

Inventory 509

Inventory Housing Market Mortgage Marketing 509

Appraisal Buzz

DECEMBER 8, 2021

Black Knight’s Mortgage Monitor for the month of October looks at current delinquency statistics and their potential downstream effects on inventory and other housing concerns. percent in October, down from a pandemic peak of over 8 percent in April 2020. The national mortgage delinquency rate was at 3.74

Inventory 195

Inventory Mortgage Appraisal 195

Appraisal Buzz

JANUARY 14, 2022

This marks the largest month-over-month sales decline since May 2020. The post Low Housing Inventory in December Influenced Decline in Home Sales, Redfin Report Shows appeared first on Appraisal Buzz. Home prices surged 15% from a year earlier, the 17th consecutive month of double-digit increases.

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Inventory Appraisal 195

Housing Wire

SEPTEMBER 21, 2020

trillion MBA is forecasting for 2020. There is little indication at this time that home prices are likely to decline in the near term, as demand has returned to the market since early summer, and housing inventory remains constrained. Just how busy have lenders been? 2003 was the last time refinance activity was as high as the $1.75

Government 542

Government Mortgage Marketing Housing Market 542

Housing Wire

JUNE 21, 2022

Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened. Inventory skyrocketing back toward historical norms of 2 million to 2.5 million to return to normal.

Housing Market 540

Housing Market Marketing Inventory Mortgage 540

Housing Wire

MARCH 18, 2022

Inventory has broken to all-time lows, but it doesn’t look like the year-over-year data will be positive at all this year unless demand softens up. NAR Research : Unsold inventory sits at a 1.7-month NAR Research : Unsold inventory sits at a 1.7-month However, negative year-over-year inventory is not what we want to see.

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

JULY 20, 2022

But, there is one bright spot — inventory is rising. This has been a concern of mine after the summer of 2020 as inventory levels were breaking all-time lows, facilitating unhealthy home price growth during a more prominent demographic patch in U.S. The one positive: Inventory is rising. Unsold inventory sits at a 3.0-month

Inventory 511

Inventory Housing Market Marketing Realtors 511

Eyes on Housing

JANUARY 28, 2022

The share soared during the early phase of the pandemic, reaching 36% by the end of 2020. But in 2021, buyers’ perceptions of housing inventory worsened throughout the year, and by the fourth quarter, only 24% expected easier availability ahead. Read More ›

Inventory 158

Inventory Buyers 158

Housing Wire

NOVEMBER 19, 2020

Second, if the next existing home sales report misses expectations, you may be told that this is due to a lack of inventory. Remember, lower inventory tends to go with higher sales — and higher sales means folks are buying homes…therefore…I know you are following me here… there must be homes to buy. . Don’t listen.

Housing Market 545

Housing Market Marketing Inventory Buyers 545