Housing Wire

APRIL 19, 2024

Redfin defined luxury homes as those estimated to be in the top 5% of their metro area based on market value, while non-luxury homes are those with estimated values in the 35th to 65th percentile. High-end buyers tend to be more immune to mortgage rate fluctuations and flock to the luxury housing market. year over year. year over year.

Luxury Properties 466

Luxury Properties New Listings Buyers Housing Market 466

Housing Wire

DECEMBER 7, 2022

Now, with five weeks of data in front of us, we can say they have stabilized the market. 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.

Housing Market 544

Housing Market Mortgage Marketing Inventory 544

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

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. A traditional seller is a conventional buyer most of the time.

Housing Market 450

Housing Market Marketing Inventory New Listings 450

Housing Wire

DECEMBER 9, 2023

Naturally, some people thought home prices would crash in 2023 as many market players said prices always follow volume. What 2023 data has shown me is that even with mortgage rates heading toward 8%, new listings data didn’t take a new leg lower — it stayed remarkably consistent all year long.

Mortgage 533

Mortgage Inventory New Listings Sellers 533

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. million in October.

Inventory 473

Inventory Marketing Housing Market New Listings 473

Housing Wire

JANUARY 6, 2024

While the percentage of price cuts is still much higher than 2021 levels, this explains why prices were stable in the second half of 2023 versus the second half of 2022. Now that mortgage rates have fallen and as we start the brand new year, we need to focus on this data line more. I talked about this on CNBC a few months ago.

Inventory 542

Inventory New Listings Housing Market Mortgage 542

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 520

Mortgage Inventory New Listings Sellers 520

Housing Wire

MARCH 19, 2023

The housing market was crazy again last week. New listing data collapsed, but we are putting an asterisk on that data line for this week. This assumes the spreads are wide as the mortgage-back securities market is still very stressed. This bond market is screaming at the Fed to cut rates.

Housing Market 384

Housing Market Marketing Inventory New Listings 384

Housing Wire

NOVEMBER 25, 2023

Lower mortgage rates tend to take housing supply off the market and demand has been picking up lately as rates have fallen. 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. Weekly inventory change (Nov.

Inventory 536

Inventory Mortgage New Listings Buyers 536

Housing Wire

MARCH 6, 2023

Growing supply shortages are holding housing prices higher, and affordability constraints coupled with elevated rates lock potential sellers in place. in recent months due to a combination of falling demand and a weakening inflow of new listings. trillion in 2021. trillion in 2021. In 2022, about $2.4

Housing Market 397

Housing Market Marketing Inventory Sellers 397

Housing Wire

SEPTEMBER 15, 2023

A lot of sellers are also willing to let buyers slip away because they don’t want to concede to repair requests,” Morre said. Home prices not expected to fall Home prices are high due to competition among buyers for limited inventory in the market. Year-over-year new listings were down 14.4%. The median U.S.

Buyers 421

Buyers Mortgage New Listings Real Estate Agent 421

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. That’s a big one-week change.

Inventory 541

Inventory Housing Market Marketing New Listings 541

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 528

Inventory New Listings Housing Market Sellers 528

Housing Wire

FEBRUARY 6, 2023

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. 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%. Weekly inventory change (Jan.

Inventory 466

Inventory Housing Market Marketing New Listings 466

Housing Wire

DECEMBER 2, 2023

I said the 10-year yield would only break below 3.37% if the labor market breaks — this level is the “Gandalf line” I have used all year. One concern with higher mortgage rates was that more sellers — who are traditional buyers — would not list their homes. In Q3, the U.S. economy grew above 5%, and jobless claims headed lower.

Mortgage 543

Mortgage Inventory New Listings Sellers 543

Housing Wire

AUGUST 10, 2022

One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. Once that happens, I can finally take the savagely unhealthy housing market theme off my talking points. What does this mean? million to 1.93

Inventory 522

Inventory New Listings Housing Market Sellers 522

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. NAR: Total existing-home sales receded 4.3% million in March.

Inventory 491

Inventory Housing Market New Listings Buyers 491

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. The market made a few attempts to break that level, but bond yields have reversed higher.

Inventory 410

Inventory Housing Market Mortgage Marketing 410

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. However, this has always been about the labor market and jobless claims data.

Inventory 491

Inventory New Listings Mortgage Retail 491

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. It’s no secret that 2023 was a difficult year to buy a home.

Inventory 432

Inventory Sellers Mortgage Marketing 432

Housing Wire

JANUARY 20, 2023

housing market , we just experienced an event that most people never thought could happen. The lack of sellers is also a demand problem and what we saw after June of 2022 is that sellers called it quits earlier and faster in the year than usual, resulting in total existing home sales totaling 5,030,000 to end 2022.

Inventory 541

Inventory Housing Market New Listings Marketing 541

Housing Wire

DECEMBER 16, 2023

As I have said before, given the history of economic cycles, when the market believes the Fed rate-hike cycle is over, bond yields will rally and mortgage rates will fall. This is what we see, and it’s much needed; we need more new listings and not fewer. Mortgage rates went from 7.10% to 6.62% and ended the week at 6.64%.

Inventory 535

Inventory New Listings Mortgage Law 535

Housing Wire

JANUARY 13, 2024

So let’s hope for more home sellers in 2024. 6-13): Inventory rose from 471,349 to 473,406 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 is 569,898 For context, active listings for this week in 2015 were 931,002 I don’t want to jinx this because active inventory rose last year at this time. 2022 21.7%

Inventory 533

Inventory New Listings Retail Mortgage 533

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

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. Homes in May are also on the market for an average of only 17 days. The post Is housing market demand starting to weaken?

Housing Market 540

Housing Market Marketing New Listings Mortgage 540

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 370

Mortgage New Listings Buyers Inventory 370

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

JULY 13, 2021

Competition between would-be homebuyers is still high, but an increase in homes hitting the market in June brought some relief from bidding wars. Two of my buyers just had their offers accepted because the sellers’ first buyers backed out. in May and a peak of 74.1% That’s still higher than the 56.8% million and 1.92

Inventory 500

Inventory Housing Market Real Estate Agent Buyers 500

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. A total of 5.03

Inventory 384

Inventory Housing Market Realtors Buyers 384

Housing Wire

AUGUST 20, 2023

The new listing data has been trending at the lowest levels ever for over 12 months now. The last thing we want to see is more sellers calling it quits faster than the current trend. With all that’s happening in the market, what should we focus on this week? Here is the video clip of that interview.

Inventory 370

Inventory Mortgage New Listings Sellers 370

Housing Wire

OCTOBER 15, 2021

One-third of homes that went under contract had an accepted offer within one week of hitting the market, a new report from Redfin found. 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. points from a month earlier.

Contracts 400

Contracts Landlords Inventory New Listings 400

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 New listings are declining now.

Inventory 384

Inventory New Listings Law Housing Market 384

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. New listings each week, which were record few last year, are growing now. There are still notably not a lot of sellers. But home sellers are gradually easing back into this housing market.

Sellers 440

Sellers Housing Market Buyers New Listings 440

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.

Sellers 504

Sellers Inventory Housing Market New Listings 504

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

Realtors 479

Realtors Buyers Housing Market New Listings 479

Housing Wire

DECEMBER 23, 2023

housing market and that they need to be pro-housing again. Even with all the drama we have dealt with in 2022-2023, the housing market stayed intact and never broke. However, one thing is sure: from 2020 to 2023 we never saw credit-stressed home sellers. This is a big Merry Christmas gift for the housing market.

Housing Market 537

Housing Market Marketing Inventory New Listings 537