Housing Wire

JULY 2, 2023

We have often discussed that the housing market dynamics changed starting Nov. The other big story with housing inventory is that new listing data has been trending negative year over year since the end of June 2022. We had new listings growth from 2021 to 2022, but that’s not the case this year.

Inventory 458

Inventory Housing Market Marketing New Listings 458

Housing Wire

SEPTEMBER 15, 2023

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. of homes that went under contract that month, according to a new report from Redfin. A lot of sellers are also willing to let buyers slip away because they don’t want to concede to repair requests,” Morre said.

Buyers 418

Buyers Mortgage New Listings Real Estate Agent 418

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. 31, 2021-Jan. 30, 2022-Jan.

Inventory 539

Inventory Housing Market Marketing New Listings 539

Housing Wire

FEBRUARY 6, 2023

Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. Let’s dive into the trend lines of the housing market. The show-me part of the housing market starts with this bounce from an extreme bottom. Weekly inventory change (Jan.

Inventory 463

Inventory Housing Market Marketing New Listings 463

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. Regional numbers also reflect the enormous difference in housing market demand from April 2020.

Housing Market 540

Housing Market Marketing New Listings Mortgage 540

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

NOVEMBER 18, 2022

Both a pullback in demand and limited supply remain vexing problems for the housing market. Total housing inventory at the end of October was 1.22 months in October 2021. The median existing-home price for all housing types in October was $379,100, up 6.6% from October 2021. million units, which was down 0.8%

Housing Market 417

Housing Market Marketing Inventory New Listings 417

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

MARCH 19, 2023

The housing market was crazy again last week. Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? Weekly inventory increased by 1,734.

Housing Market 383

Housing Market Marketing Inventory New Listings 383

Housing Wire

MAY 20, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. in 2021 to $330,745. “It Bluffton, South Carolina.

Housing Market 401

Housing Market Marketing Real Estate Agent Real Estate 401

Housing Wire

APRIL 19, 2024

High-end buyers tend to be more immune to mortgage rate fluctuations and flock to the luxury housing market. A surge in new listings of luxury homes was not enough to curb the price growth associated with rising demand. New listings of luxury homes soared 18.5% Buyers are looking for that again.

Luxury Properties 452

Luxury Properties New Listings Buyers Housing Market 452

Housing Wire

APRIL 18, 2024

This is a byproduct of the qualified mortgage rule of 2010, which has been a game-changer not only for the housing market but for the overall U.S. million active listings per the last report, we have 526,000 per our last Housing Market Tracker article. This is never a good thing for housing.

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Inventory Housing Market New Listings Buyers 490

Housing Wire

MAY 28, 2021

More than half of homes (51%) have sold above their listing price in the four week period ending May 23, 2021 — up from 26% one year ago, according to a recent study by Redfin. Numerous other sales records were also set, including the median home sale price ($354,250) and number of days on the market (17, down from 36 one year ago).

Buyers 421

Buyers Real Estate Agent Real Estate Inventory 421

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%

Mortgage 427

Mortgage Sellers New Listings Buyers 427

Housing Wire

FEBRUARY 26, 2024

Meanwhile, homeowners association (HOA) fees multiplied for many condo buildings in the aftermath of the 2021 Surfside condo collapse. In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs.

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HOA Law Insurance New Listings 484

Housing Wire

MARCH 6, 2023

The three-pronged challenge of inventory shortages, unaffordable housing and rising interest rates kept home prices more moderate, as supply can’t match demand, the report said. in recent months due to a combination of falling demand and a weakening inflow of new listings. trillion in 2021. With 30-year rates at 6.5%

Housing Market 396

Housing Market Marketing Inventory Sellers 396

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%

Housing Market 421

Housing Market Real Estate Agent Marketing Real Estate 421

Housing Wire

DECEMBER 21, 2022

Plus, available housing inventory remains near historic lows.” ” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well. This is the biggest story in housing. . economic history. . As we can see below, the U.S.

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Inventory New Listings Housing Market Sellers 526

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.

Inventory 541

Inventory Housing Market New Listings Marketing 541

Housing Wire

DECEMBER 9, 2023

Here is the price cut percentage data for the same week in other years: 2023 38% 2022 42% 2021 27% As you can see, affordability is an issue, and the price cut percentage is higher now than in any period from 2015-2021, but still below 2022 levels. Now lets take a look at the weekly inventory data. Weekly inventory change (Dec.

Mortgage 532

Mortgage Inventory New Listings Sellers 532

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.

Mortgage 520

Mortgage Inventory New Listings Sellers 520

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

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

NOVEMBER 25, 2023

Instead, let’s look at the future: If the 10-year yield can break under 4.34% with some kick from bond buyers, we have an excellent shot at getting under 7%. Last year in November, we had a noticeable move lower in mortgage rates, and the forward-looking housing data got better, but almost everyone ignored it.

Inventory 535

Inventory Mortgage New Listings Buyers 535

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

NOVEMBER 11, 2023

We saw some good growth this week, and hopefully, in 2024, we can close the gap and get back to 2021-2022 data on new listings. That is the critical period for new listing data to grow; remember, most sellers are buyers. Weekly inventory change (Nov. 23 and went from 8% to 7.38% on Nov.

Inventory 482

Inventory New Listings Mortgage Retail 482

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. 25% of all sales were cash sales, per the report.

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Realtors Buyers Housing Market New Listings 479

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. from 2021, which NAR attributes to the “rapidly escalating interest rate environment.” On a yearly basis, existing home sales were down 34% in December.

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Inventory Housing Market Realtors Buyers 374

Housing Wire

MARCH 9, 2024

Moving the needle doesn’t take much since we all know we have buyers ready to go and home sales are at record lows. Weekly housing inventory data The positive story for housing in 2024 has been the inventory growth we have seen year-over-year. Yes, I know it’s not a lot of homes, but growth is growth, people!

Mortgage 481

Mortgage Inventory New Listings Housing Market 481

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

DECEMBER 2, 2023

18): Inventory fell from 564,571 to 550,302 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 so far is 569,898 For context, active listings for this week in 2015 were 1,081,712 The one positive inventory story in 2023 is that we formed a bottom in the new listings data! Weekly inventory change (Nov.

Mortgage 543

Mortgage Inventory New Listings Sellers 543

Housing Wire

AUGUST 13, 2023

This happened as expected, except we had a lousy bond auction, which meant too much debt supply came online with insufficient buyers. New listings data has been trending at the lowest levels recorded in history for more than 12 months. This pushed yields higher Thursday and Friday to move mortgage rates to 7.19%.

Mortgage 369

Mortgage Inventory New Listings Retail 369

Mortgagebroker News

DECEMBER 5, 2023

Prospective home buyers currently have access to one of the region's largest selections since 2021

New Listings 39

New Listings Housing Market Marketing Buyers 39

Housing Wire

JANUARY 13, 2024

New listing data New listings data can grow in 2024, something I talked about on CNBC last year as this data line didn’t trend much lower when mortgage rates were heading toward 8%. We can grow new listings from these depressed levels and get more demand. 2022 21.7%

Inventory 532

Inventory New Listings Retail Mortgage 532

Housing Wire

JULY 13, 2023

The uptick in mortgage rates came amid positive inflation news – the consumer price index rate showed cooling prices in June, rising just 3.0% from a year ago, the smallest annual increase since March 2021. Home price growth has moderated but in many markets, prices are still rising because of limited supply.

Mortgage 364

Mortgage New Listings Buyers Inventory 364

Housing Wire

FEBRUARY 7, 2024

Census Bureau data on housing inventory estimates details two cycles this decade – the onset of the pandemic and the rise of interest rates – that have been catastrophic for the nation’s for-sale housing inventory. Mortgage rates followed suit, walloping buyers’ purchasing power.

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Inventory Sellers Mortgage Marketing 423

Housing Wire

SEPTEMBER 30, 2020

” Kanacki’s market, like many others, remains competitive as buyers continue to experience bidding wars amid historically low housing inventory and an uptick in home prices. “I There were nine new pending contracts for every 10 new listings, a slower rate than the 9.9

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Real Estate Agent Real Estate Agents Realtors 546