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.

Mortgage 437

Mortgage Sellers New Listings Buyers 437

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%. Most home sellers are buyers, and we want the new listings data to show growth year over year since it appears that we have formed a bottom in 2023.

Inventory 535

Inventory Mortgage New Listings Buyers 535

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 542

Mortgage Inventory New Listings Sellers 542

Housing Wire

APRIL 18, 2024

The one thing that is positive this year which is different than last year is new listing data is rising year over year, nothing spectacular, but it’s a positive story for housing This means we have more sellers that will be buyers in 2024.

Inventory 487

Inventory Housing Market New Listings Buyers 487

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 487

Inventory New Listings Mortgage Retail 487

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. in 2021 and as high as 6.25% in 2022. It wasn’t the rate move that caught my attention — it was the new listing data. But now this is a real risk. The parts of the U.S.

Mortgage 518

Mortgage Inventory New Listings Sellers 518

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. However, growth is growth, and if we can match spring 2022 and 2021 levels, I will be a happy camper. This is a carbon copy of what happened in 2023 when rates went higher.

Mortgage 487

Mortgage Inventory New Listings Housing Market 487

Housing Wire

JULY 13, 2021

But recently, we’ve started to see buyers get cold feet. Two of my buyers just had their offers accepted because the sellers’ first buyers backed out. The market is still competitive, but buyers are more trepidatious than they were at the start of 2021, and less willing to pull out every stop in order to win.”

Inventory 497

Inventory Housing Market Real Estate Agent Buyers 497

Housing Wire

MAY 24, 2021

The April 2021 survey was sent to 50,000 Realtors selected from NAR’s over 1.4 There were 3,541 respondents to the online survey which ran from May 3-10, 2021, of which 1,731 had a client. “The share of first-time buyers decreased to 31% from 32% in the prior month, and 36% one year ago. .

Realtors 475

Realtors Buyers Housing Market New Listings 475

Housing Wire

APRIL 30, 2023

Weekly housing inventory Since new listing data was trending at all-time lows in 2023, some feared we wouldn’t see the typical spring inventory increase. After the last few weeks , we can put that fear aside: we are finally getting the seasonal increase in active listing. This link explains the difference and is worth a read.

Inventory 518

Inventory Housing Market Marketing New Listings 518

Housing Wire

DECEMBER 21, 2022

” 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 explains why total active listing inventory data has been stable over the decades, with the exception of 2006-2011, when those forced distressed credit home sellers couldn’t buy.

Inventory 527

Inventory New Listings Housing Market Sellers 527

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. During that period, we saw new listing data decline. from December 2021 ($358,800), as prices rose in all regions. from November but up 10.2% months in Nov.

Inventory 540

Inventory Housing Market New Listings Marketing 540

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. However, one thing is for sure, housing is not going to crash due to large-scale panic-selling — a scare tactic of late 2021 that didn’t work then or now.

Inventory 487

Inventory Housing Market Marketing New Listings 487

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

FEBRUARY 27, 2023

Weekly housing inventory decreased by 6,801, while new listing data is still negative year-over-year. I call this rate lock risk, where some buyers don’t qualify or don’t want to continue the purchase until rates fall again. Rates spiking almost 1% in mere weeks is damaging because it can take some previous buyers out of play.

Housing Market 446

Housing Market Marketing Inventory New Listings 446

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 370

Mortgage Inventory New Listings Retail 370

Housing Wire

JUNE 17, 2021

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. “Sellers are still squarely in the drivers’ seat, but buyers have hit a limit on their willingness to pay. . from April. .

Housing Market 533

Housing Market New Listings Sellers Buyers 533

Housing Wire

JUNE 25, 2023

However, the real positive story here is that even with new listing data trending at an all-time low, we are getting the growth in active listings we traditionally see in the spring and summer. In addition, new listing data turned negative year over year after the second half of 2022.

Inventory 407

Inventory Housing Market Marketing New Listings 407

Housing Wire

MARCH 26, 2023

Active inventory fell 1,109, and new listing data made a lovely comeback week to week but was still noticeably down year over year. One piece of good news last week was that the new listing data, which saw a significant collapse two weeks ago, rebounded excellently to return to a usual trend.

Inventory 446

Inventory Housing Market Marketing Mortgage 446

Housing Wire

APRIL 23, 2023

Here’s a quick rundown of the last week: Active listings rose by 8,546 , and new listing data showed some growth. If that is the case, then this week’s gain in active inventory and new listings needs to be taken with a grain of salt until we get next week’s data. However, I will take what I can now.

Inventory 545

Inventory Housing Market Marketing New Listings 545

Housing Wire

NOVEMBER 18, 2022

NAR Research : First-time buyers were responsible for 28% of sales in October; All-cash sales accounted for 26%; Individual investors purchased 16%; Distressed sales represented 1% of sales; Properties typically remained on the market for 21 days in October. million in October 2021). million in October.

Inventory 469

Inventory Marketing Housing Market New Listings 469

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. That was a huge red flag, hence all the statements in 2021 about unhealthy housing. . It doesn’t even look like we will breach the lower level of my inventory wish list of 1.52

Inventory 454

Inventory Housing Market New Listings Mortgage 454

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. And rates could remain above 6.5% for a while longer, economists said. over the coming weeks.

Mortgage 370

Mortgage New Listings Buyers Inventory 370

Housing Wire

FEBRUARY 7, 2024

2020-2021: The shock to the system The onset of the pandemic and government lockdowns sparked a frenzy for homes, especially those away from crowded downtowns and with ample space for home offices and homeschooling. Mortgage rates followed suit, walloping buyers’ purchasing power.

Inventory 427

Inventory Sellers Mortgage Marketing 427

Housing Wire

JANUARY 20, 2023

from 2021, which NAR attributes to the “rapidly escalating interest rate environment.” 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. A total of 5.03 million existing homes were sold in 2022, down 17.8%

Inventory 383

Inventory Housing Market Realtors Buyers 383

Mortgagebroker News

DECEMBER 5, 2023

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

New Listings 40

New Listings Housing Market Marketing Buyers 40

Appraisal Buzz

SEPTEMBER 14, 2021

Researchers predict 2021’s most buyer friendly days, where they expect new listings to shoot up almost 18%. The post Coming Soon: The Best Week for Homebuying appeared first on theMReport.com. The post Coming Soon: The Best Week for Homebuying appeared first on Appraisal Buzz.

New Listings 195

New Listings Buyers Appraisal 195

Housing Wire

NOVEMBER 18, 2022

months in October 2021. from October 2021. Properties were on market an average of 21 days in October, up from 19 days in September and 18 days in October 2021. “Many prospective buyers are still taking a ‘wait-and-see’ approach to see if rates fall further. million units, which was down 0.8% ”

Housing Market 417

Housing Market Marketing Inventory New Listings 417

Housing Wire

JULY 2, 2023

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. A traditional seller is also a traditional buyer, and certain homeowners have refused to buy their next home with mortgage rates above 6%.

Inventory 454

Inventory Housing Market Marketing New Listings 454

Housing Wire

MARCH 19, 2023

New listing data collapsed, but we are putting an asterisk on that data line for this week. Although that’s not normal, it’s better than what we saw in 2021 when we didn’t hit bottom until April. Let’s wait two more weeks and see if this new listing trend continues or just reverts higher.

Housing Market 383

Housing Market Marketing Inventory New Listings 383

Housing Wire

MAY 20, 2022

in 2021 to $330,745. “It One of my agents has a client who is making an offer on a house that will probably end up going for over $250,000 over list price and most of what we are seeing is either all cash offers or eliminating contingencies.”. Where are all these buyers coming from, you ask? Greenwich, Connecticut. California.

Housing Market 407

Housing Market Marketing Real Estate Agent Real Estate 407

Housing Wire

JULY 7, 2022

In Portland, Oregon, for example, one loan officer noted that new listings doubled in the second half of May from 800 to 1,900 new listings. In Seattle, Dan Keller reported 47% of all listings had price reductions. In 2021, we saw the highest rate of investor-purchased properties than ever before.

Inventory 395

Inventory Marketing Mortgage Supply Chain 395

Housing Wire

AUGUST 30, 2022

I don’t need to see total active listing get back to the historical range of 2-2.5 New listings are declining now. One of the issues with existing home inventory has been that, for the most part, a traditional seller is usually a buyer of a home. This is not encouraging news at all, in my view. From Redfin.

Inventory 383

Inventory New Listings Law Housing Market 383

Housing Wire

FEBRUARY 6, 2023

We don’t have a high price growth problem now and shouldn’t be with rates over 6%, as we saw in 2020, 2021, and the early part of 2022 when mortgage rates were lower. And should we be concerned if new listing data doesn’t grow much this year? The question is, right now, how much is demand hitting the inventory levels?

Inventory 462

Inventory Housing Market Marketing New Listings 462

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 427

Buyers Marketing Inventory Investors 427

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 Over the last four weeks ending on Sept.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

DECEMBER 28, 2022

As many were quick to point out at the time, the number of new listings coming onto the market had not fallen. Next year we are going to see inventory continue to accumulate as months-supply-of-inventory returns to levels in line with a balanced market (5-6 months) or possibly even buyers-market (6+months). months nationally.

Housing Market 487

Housing Market Marketing Inventory Mortgage 487