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.

Inventory 508

Inventory New Listings Contracts Housing Market 508

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The other focus should be where mortgage rates go; only a little happened last week. After the last few weeks , we can put that fear aside: we are finally getting the seasonal increase in active listing.

Inventory 520

Inventory Housing Market Marketing New Listings 520

Housing Wire

AUGUST 3, 2022

To say that mortgage rates have been on a wild Mr. Toad’s ride in 2022 is an understatement. People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% It’s savage man, truly savage with the mortgage rate rise.

Mortgage 504

Mortgage Inventory Sellers Housing Market 504

Housing Wire

JUNE 9, 2023

They went all in during COVID-19 in 2020, doubled down in 2021 as the forbearance crash bros but really bet the farm on a massive home-price crash in 2023 after the most significant home sales crash ever in 2022. In 2022, mortgage rates got as high as 7.37%, so the question was: how low do rates have to go for housing demand to get better?

Inventory 546

Inventory Housing Market New Listings Mortgage 546

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% Pending home sales rose 8.3%

Contracts 458

Contracts Housing Market Construction Inventory 458

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. Purchase application data There is no way around this story; we had a solid streak from Nov.

Housing Market 450

Housing Market Marketing Inventory New Listings 450

Housing Wire

MAY 7, 2023

Just when I thought it was safe to say we were getting more traditional spring housing inventory , we hit a snag last week, as active inventory and new listings declined. We had a lot of drama over the week between Federal Reserve meetings and banking stress, and mortgage rates and purchase applications both fell.

Inventory 491

Inventory Housing Market Marketing New Listings 491

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. My 2023 inventory forecast needs a lot of help, as new listing data isn’t growing at all still.

Inventory 504

Inventory Housing Market Marketing New Listings 504

Housing Wire

FEBRUARY 7, 2024

With mortgage rates briefly topping 8% and home prices breaking records throughout the year, many would-be sellers simply decided not to bother listing their homes, exacerbating already tight inventories. New data from the U.S. Mortgage rates followed suit, walloping buyers’ purchasing power.

Inventory 432

Inventory Sellers Mortgage Marketing 432

Housing Wire

JUNE 11, 2023

After seeing disappointing inventory growth two weeks ago , which I chalked up to the Memorial Day holiday, I was hoping for a big push in active listings last week, but that didn’t happen. And, the recent uptick in mortgage rates to almost 7% slowed purchase application data again. First, it took the longest time in U.S.

Inventory 517

Inventory Housing Market Marketing New Listings 517

Housing Wire

JANUARY 23, 2023

Mortgage rates fell, but the bond market didn’t break what I see as a critical level, so for now, stabilization is more important. Last week’s housing market data provided mixed news. Last week’s housing market data provided mixed news. million active listings if new listing data declines in 2023.

Housing Market 508

Housing Market Marketing Inventory New Listings 508

Housing Wire

FEBRUARY 23, 2024

Existing home sales showed a jump in sales, which was anticipated by most as we had positive, forward-looking housing data due to mortgage rates falling from 8.03% to 6.63%. This is nothing dramatic, but similar to what we saw in 2023 when mortgage rates rose from 5.99% up to 7.25%. From NAR : Total existing-home elevated 3.1%

Inventory 473

Inventory Mortgage New Listings Marketing 473

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. Mortgage rates spiked in March, and then the new listing data started to decline at the end of June.

Inventory 528

Inventory New Listings Housing Market Sellers 528

Housing Wire

SEPTEMBER 22, 2022

Even though this was a beat of estimates, the sales decline trend due to higher mortgage rates and home prices continues. 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. . million in August.” We have parts of the U.S.

Inventory 458

Inventory Housing Market New Listings Mortgage 458

Housing Wire

FEBRUARY 6, 2023

Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. However, we are going to see if 6% mortgage rates are good enough to create some growth in the future or if the housing market needs rates near 5%. Let’s dive into the trend lines of the housing market.

Inventory 466

Inventory Housing Market Marketing New Listings 466

Housing Wire

JANUARY 20, 2023

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. However, expect sales to pick up again soon since mortgage rates have markedly declined after peaking late last year.” During that period, we saw new listing data decline.

Inventory 541

Inventory Housing Market New Listings Marketing 541

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. Mortgage purchase applications also decreased 4% week over week.

Housing Market 540

Housing Market Marketing New Listings Mortgage 540

Housing Wire

NOVEMBER 18, 2022

When I outlined my 23% five-year growth model for 2020-2024, it was to have a marker for when price growth got too hot. However, I knew the years 2020-2024 would see better demand from the bump in demographics. As mortgage rates rose more and more, the October to January data was going to show big negative prints. months to 3.3

Inventory 473

Inventory Marketing Housing Market New Listings 473

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.

Housing Market 534

Housing Market New Listings Sellers Buyers 534

Housing Wire

FEBRUARY 6, 2023

Home prices growth and mortgage rates have come down from the peaks in 2022, but affordability still remains a challenge. Purchase borrowers, who now make up 82% of new rate locks, paid an average of 1.16 points on average, with a corresponding cost of about $1,500, in 2018 through 2020. “On

Inventory 384

Inventory Mortgage New Listings Home Value 384

Housing Wire

AUGUST 30, 2022

My observation post-2020 is that many people have never read the total housing inventory data because we still have people who say active listings aren’t low or that it’s fake news. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5 million listings.

Inventory 384

Inventory New Listings Law Housing Market 384

Housing Wire

JANUARY 30, 2023

The 10-year yield can’t break lower from the critical level I have discussed, so not much is happening with mortgage rates. Does this move have more legs to run, and will we need lower mortgage rates to get more growth in this data line? This is not what I want to see, but this is the reality of the world we live in post-2020.

Inventory 496

Inventory Housing Market Marketing Mortgage 496

Housing Wire

JANUARY 9, 2023

So, is this the traditional seasonal decline we see during every December/January, or have falling mortgage rates (since mid November) contributed to this? Before these two weeks, purchase applications had seven weeks of positive data, tracking with the drop in mortgage rates from 7.37% in November to 6.12%. Historically, the U.S.

Inventory 541

Inventory Housing Market Marketing New Listings 541

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 384

Inventory Housing Market Realtors Buyers 384

Housing Wire

AUGUST 27, 2020

in July, the third consecutive month of gains, fueled by low mortgage rates and unprecedented demand from consumers. 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. million, a 1.1%

Contracts 485

Contracts Realtors New Listings Real Estate 485

Housing Wire

DECEMBER 28, 2022

First, mortgage lending standards have remained high after the last bubble. People can afford to pay their mortgages. As a result of the fallout from the great recession, mortgage quality has been far more regulated and viewed with suspicion. Since the beginning of 2020, inventory levels have been historically low.

Housing Market 491

Housing Market Marketing Inventory Mortgage 491

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

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%. Homebuyers are understandably very sensitive to mortgage interest rates.

Real Estate 324

Real Estate Marketing Inventory Sellers 324

Housing Wire

MAY 24, 2021

Mortgage purchase applications also decreased 4% week over week. 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.

Realtors 479

Realtors Buyers Housing Market New Listings 479

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.” Real Estate Tech Demo Hour.

Real Estate 479

Real Estate Brokerage Realtors Real Estate Agent 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

DECEMBER 23, 2023

However, one thing is sure: from 2020 to 2023 we never saw credit-stressed home sellers. While inventory levels are still too low for my taste, it’s good that we are not at 2022 levels when we only had 240,194 total active single-family listings for Americans to buy. Not too much movement on the 10-year yield or mortgage rates.

Housing Market 537

Housing Market Marketing Inventory New Listings 537

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. 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.”.

Housing Market 421

Housing Market Real Estate Agent Marketing Realtors 421

Housing Wire

MARCH 25, 2024

Mortgage rates seem to have finally settled down. I was worried that we might come out of that meeting with a spike in mortgage rates but that didn’t materialize so we got lucky. Inventory will cross over 2020 levels by July. The longer mortgage rates stay higher, the more inventory will grow closer to the old levels.

New Listings 500

New Listings Inventory Contracts Sellers 500

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

JUNE 4, 2023

Mortgage rates fell last week after the debt ceiling issues were resolved, but the damage from higher rates took its toll on purchase application data again. Here’s a quick rundown of the last week: Active inventory grew 3,180 weekly , and new listing data fell week to week and is still trending at an all-time low in 2023.

Inventory 441

Inventory Housing Market Marketing New Listings 441

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 432

Buyers Marketing Inventory Investors 432