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 541

Inventory Housing Market Marketing New Listings 541

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 464

Inventory Marketing Housing Market New Listings 464

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.

Inventory 546

Inventory Housing Market Marketing New Listings 546

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.

Mortgage 516

Mortgage Inventory New Listings Sellers 516

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.

New Listings 488

New Listings Inventory Housing Market Sellers 488

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.

Inventory 525

Inventory New Listings Housing Market Sellers 525

Housing Wire

MARCH 6, 2024

Bad for sellers Prospective home sellers may not notice incremental changes in mortgage rates. percentage points—sellers take notice. Facing these realities, many would-be sellers decide to stay put. This is clear in the chart below, which shows the year-over-year percent change in the four-week average of new listings.

Mortgage 433

Mortgage Sellers New Listings Buyers 433

Housing Wire

DECEMBER 7, 2022

These were forced credit sellers, which means these sellers don’t sell to buy a home like a traditional seller does. 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

Housing Market 544

Housing Market Mortgage Marketing Inventory 544

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. Weekly inventory change (Feb.

Housing Market 442

Housing Market Marketing Inventory New Listings 442

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.

Inventory 382

Inventory New Listings Law Housing Market 382

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

Inventory 450

Inventory Housing Market New Listings Mortgage 450

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.

Inventory 382

Inventory Housing Market Realtors Buyers 382

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. Two of my buyers just had their offers accepted because the sellers’ first buyers backed out.

Inventory 493

Inventory Housing Market Real Estate Agent Buyers 493

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. In April, May and June, when rates spiked dramatically from 3% to 6%, we saw inventory rise as buyers pulled back.

Real Estate 318

Real Estate Marketing Inventory Sellers 318

Housing Wire

FEBRUARY 6, 2023

points on average, with a corresponding cost of about $1,500, in 2018 through 2020. “On As sales volumes continued to slump, inventory growth stalled, as sellers are taking a step back from listing their homes. For those looking to pull cash out of their homes, the cost was nearly twice that, with an average of 2.06

Inventory 382

Inventory Mortgage New Listings Home Value 382

Housing Wire

OCTOBER 15, 2021

In addition, the number of homes that went under contract within two weeks of listing rose to 46% from 42% during the same period in 2020. 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 397

Contracts Landlords Inventory New Listings 397

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. million today.

Sellers 498

Sellers Inventory Housing Market New Listings 498

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.”. million annualized pace in the second half of 2020. “We are witnessing a true V-shaped sales recovery as homebuyers continue their strong return to the housing market,” said Yun. million, a 1.1%

Contracts 477

Contracts Realtors New Listings Real Estate 477

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.

Inventory 94

Inventory Contracts Buyers Sellers 94

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.

Mortgage 498

Mortgage Inventory Sellers Housing Market 498

Housing Wire

MAY 21, 2021

” New listings of homes for sale were down 12% from the same period in 2019, and active listings — the number of homes listed for sale at any point during the period — fell 49% from the same period in 2019. 2019 is being used as a reference point since 2020 data is skewed by the pandemic.).

Housing Market 539

Housing Market Marketing New Listings Mortgage 539

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

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 433

Inventory New Listings Sellers Contracts 433

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.

Sellers 432

Sellers Housing Market Buyers New Listings 432

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.

Inventory 52

Inventory New Listings Buyers Marketing 52

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. Literally since Jan.

Insurance 414

Insurance Inventory Marketing Real Estate 414

Housing Wire

AUGUST 7, 2023

As a result, the available inventory of homes for sale is slightly higher each week. With fewer transactions, inventory is building just a bit as we approach the end of the summer. When will inventory peak for the year? Inventory Inventory is still climbing just a bit each week as we approach the end of the season.

Inventory 369

Inventory New Listings Contracts Buyers 369

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.

Inventory 525

Inventory Housing Market Marketing New Listings 525

Housing Wire

DECEMBER 23, 2023

Weekly housing inventory data We are near the end of the year, which means the seasonal decline in housing inventory will take hold until we find the seasonal bottom in inventory in 2024. However, one thing is sure: from 2020 to 2023 we never saw credit-stressed home sellers. Weekly inventory change : (Dec.15-22)

Housing Market 535

Housing Market Marketing Inventory New Listings 535

Housing Wire

MARCH 25, 2024

Specifically, when housing inventory is 25% greater than a year ago, the supply/demand balance is obviously very different than it has been. Housing inventory The available inventory of unsold homes continued to climb last week. Last year, inventory was still declining in March. More sellers means more sales will happen.

New Listings 493

New Listings Inventory Contracts Sellers 493

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. 2: Sellers may be more open to feedback — which could mean a higher commission.

Real Estate Agent 80

Real Estate Agent Marketing Real Estate Buyers 80

Housing Wire

MAY 6, 2024

Inventory increases aren’t occurring at a super fast pace, but the number of homes on the market across the country keeps expanding. The good news for the housing market is that the pace of sales is gradually improving due to the expanded supply. Housing inventory There are now just under 600,000 single-family homes on the market.

Inventory 441

Inventory Contracts Sellers New Listings 441

Housing Wire

FEBRUARY 8, 2024

Altos considers anything above 30 to be indicative of a seller’s market. Real estate professionals throughout the state attribute the resilience of the state’s housing market to its perpetually low inventory problem. Like the Chicago suburbs, Peoria’s desirability has put a strain on the city’s already tight housing inventory. “We

Inventory 433

Inventory Agents Housing Market Luxury Properties 433

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. .

Buyers 424

Buyers Marketing Inventory Investors 424

Eppraisal

MARCH 18, 2022

The inventory of homes available for sale was on the low side even before the Covid 19 pandemic. According to data from Realtor.com, "The inventory of homes for sale dropped 53% between April 2020 and April 2021." This is where almost all agents list their sellers' homes.

Real Estate Agent 68

Real Estate Agent Real Estate Agents Sellers 68

Housing Wire

JULY 26, 2022

The market’s insatiable demand for real estate, combined with low interest rates and even lower inventory, created a feeding frenzy that drove insane bidding wars, sent home prices skyrocketing, and frustrated many would-be home buyers. And as home sales slow, inventory is climbing quickly. What happens if mortgage rates spike up?

Inventory 370

Inventory Sellers Buyers Marketing 370

Listing Spark

SEPTEMBER 30, 2020

That’s great news if you are a seller though. . In short, huge demand that inventory simply can’t keep up with. Homes are selling at such a feverish pace that active listings are plummeting across the board, further lowering our months of inventory available to buyers. Active Listings: 79,145 Down 29.1%

Real Estate 69

Real Estate Marketing Inventory New Listings 69