Housing Wire

DECEMBER 30, 2023

Looking back on 2023, the inventory story was a big surprise even as mortgage rates headed toward 8%, as the data below will show. This didn’t happen once in 2023 — even with rising mortgage rates. What we want to see in 2024 is new listing data growing in the spring season. Weekly inventory change (Dec.

Inventory 488

Inventory New Listings Housing Market Mortgage 488

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 513

Mortgage Inventory New Listings Sellers 513

Housing Wire

MAY 22, 2024

So, unless mortgage rates drop fast and demand picks up, inventory should have an average year of growth before the seasonal decline. We have had two times recently when mortgage rates dropped more than 1%. I love that new listings data is growing yearly, but it’s been too light for me. This isn’t the case in 2024.

Inventory 449

Inventory New Listings Housing Market Contracts 449

Housing Wire

FEBRUARY 12, 2024

New listings each week, which were record few last year, are growing now. New listings volume climbing I want to start today with the new listings volume, which is notably finally climbing over last year’s anemic levels. There were 66,000 new listings this week, of which 14,000 are already in contract.

Sellers 350

Sellers Housing Market Buyers New Listings 350

Housing Wire

JULY 7, 2022

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. Institutional Investors.

Inventory 390

Inventory Marketing Mortgage Supply Chain 390

Housing Wire

AUGUST 20, 2023

Last week, mortgage rates hit a 21st-century high, the 10-year yield closed slightly higher than my peak forecast for 2023 , and housing inventory growth was still slow. Weekly active listings rose by only 4,401. Mortgage rates went from 7.19%% to 7.37%. Purchase application data didn’t budge much on the week-to-week data.

Inventory 366

Inventory Mortgage New Listings Sellers 366

Housing Wire

SEPTEMBER 16, 2023

The last four weeks of new listings data have been the most volatile since mortgage rates breached 6% in 2022. One week, we had the biggest decline in new listings data all year, which might indicate Americans are giving up on listing their homes. What’s going on with housing inventory ?

Inventory 457

Inventory New Listings Housing Market Mortgage 457

Housing Wire

SEPTEMBER 26, 2023

This is a demand-driven slowdown, because new listings supply is still running 9% to 10% fewer homes for sale each week than this time last year. We’re seeing fewer new sellers each week, but inventory is building as homebuyers wait to see if mortgage rates will come down to make purchases more affordable.

Inventory 481

Inventory Contracts New Listings Mortgage 481

Housing Wire

SEPTEMBER 30, 2020

There were nine new pending contracts for every 10 new listings, a slower rate than the 9.9 Stern said that his team remains busy not only due to pent-up demand but also because of Utah’s low unemployment rate and low mortgage rates driving migration to Salt Lake City. Over the last four weeks ending on Sept.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

JANUARY 1, 2024

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Here’s my forecast for 2024: 10-year yield and mortgage rates For 2024, the 10-year yield range will be similar to 2023, but with a few different variables to watch. Instead, they closed 2023 at 6.67%.

Housing Market 522

Housing Market Marketing New Listings Construction 522

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% During the three months ending Feb. year over year.

Luxury Properties 406

Luxury Properties New Listings Buyers Housing Market 406

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. “The

Buyers 374

Buyers Marketing Inventory Investors 374

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 505

Inventory New Listings Housing Market Sellers 505

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. Redfin : Realtor.com : Altos Research : Clearly, we are seeing a slowdown in new listings as the data has been negative now for months. What does this mean?

Inventory 519

Inventory New Listings Housing Market Sellers 519

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At as of March 6, 2024. Now it is a different conversation.

Housing Market 391

Housing Market Buyers Agents Marketing 391

Housing Wire

AUGUST 6, 2023

The housing inventory data from last week makes me wonder if we are starting the seasonal decline in active listings in August. Mortgage rates also had a crazy week and purchase apps fell once again. New listing data has been trending at the lowest levels recorded in history for the last 12 months. If we start from Nov.

Inventory 363

Inventory New Listings Mortgage Housing Market 363

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. Diving deeper, for the two week period ending May 9, 2021, 57% of homes that went under contract had an accepted offer within the first two weeks on the market.

Buyers 413

Buyers Real Estate Agent Real Estate Inventory 413

Raleigh Realty

JULY 12, 2022

In fact, it’s estimated that owner-occupied real estate accounts for over a quarter of American households’ net worth. It’s no secret Raleigh is an up-and-coming city, but how’s the local real estate market doing? for homebuilding prospects and number two for overall real estate prospects.

Real Estate 78

Real Estate Supply Chain Construction Home Value 78

Housing Wire

JANUARY 20, 2021

Despite robust housing demand and low mortgage rates, buyers are facing a dearth of new homes on the market, which is exacerbating affordability problems,” said NAHB Chairman Chuck Fowke, a custom home builder from Tampa, Florida. How to gain more listing visibility in a shifting housing market. Presented by: Apartments.com.

Supply Chain 416

Supply Chain Inventory Housing Market Real Estate 416

Housing Wire

FEBRUARY 19, 2021

“Home sales continue to ascend in the first month of the year, as buyers quickly snatched up virtually every new listing coming on the market.” ” The housing industry was a bright spot throughout 2020 and has remained so in the early part of 2021 as the nation continues to battle the COVID-19 pandemic and economic fallout.

Inventory 542

Inventory Sellers Real Estate Buyers 542

Listing Spark

SEPTEMBER 25, 2023

It’s been a wild ride for Texas real estate this year! Navigating Texas Real Estate with Rising Interest Rates We’re heading into Q4 of a tough year for the real estate market. Here are five of the biggest change in the Texas Real Estate market.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Housing Wire

AUGUST 7, 2023

Even as mortgage rates climbed over 7% in the past six weeks, home prices have not declined. Mortgage rates are sitting at their highest levels in many years. The surprisingly strong economy has the markets assuming the Fed will keep rates higher for longer, therefore, mortgage rates follow suit. in just a few weeks.

Inventory 282

Inventory New Listings Contracts Buyers 282

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. . months in August 2021.”.

Inventory 437

Inventory Housing Market New Listings Mortgage 437

Will Springer Realtor

MAY 9, 2023

It’s a dynamic not often seen in our area and it – along with stubbornly high mortgage interest rates – has generated a rollercoaster ride of data that would make Six Flags jealous. April’s figure was 37% lower than a year ago and, for context, the five-year average of new listings for the month just before the pandemic began was 4021.

New Listings 59

New Listings Inventory Buyers Sellers 59

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 383

Inventory Sellers Mortgage Marketing 383

Housing Wire

JULY 25, 2022

The Fannie Mae report projects “strong deceleration in home-price growth going forward” due to higher mortgage rates and the overall slowing economy affecting purchase demand. in 2021, Freddie Mac reports. Overall, annual mortgage origination levels are expected to be $2.8 By comparison, home-price growth was 17.8%

Housing Market 393

Housing Market Marketing Supply Chain Real Estate 393

Housing Wire

MAY 30, 2023

NAR total inventory since 1982: I prefer the Altos Research weekly single-family data to the NAR data because it gives us a fresh look at not only active listing data but new listing data. The Altos Research new listing data is essential in tracking the supply aspect of housing, which is why I include it as part of the Tracker.

Inventory 447

Inventory Housing Market New Listings Marketing 447

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. From NAR : The median existing home price for all housing types in March was $393,500, an increase of 4.8% All four U.S.

Inventory 472

Inventory Housing Market New Listings Buyers 472

Housing Wire

JANUARY 12, 2023

from December 2021. Reflecting the seasonality of the market and home sellers’ increased reluctance to list amid weakening buyer demand and a volatile mortgage rate environment, the number of new listings was down 21.0% Midwestern metro areas posted the largest annual listing price gains of the 50 largest U.S.

Inventory 518

Inventory Buyers New Listings Sellers 518

D Fritz Appraisals

MAY 21, 2021

The Mortgage Stress Test will be increasing as of June 1, 2021. Under the new requirements set by the Office of the Superintendent of Financial Institutions (OSFI), uninsured mortgages will increase to a qualifying benchmark rate of 5.25%. The Mortgage Stress Test Rollercoaster. What is an Uninsured Mortgage?

Mortgage 133

Mortgage Real Estate Insurance Renovations 133

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 338

Inventory Housing Market Realtors Buyers 338

Lamacchia Realty

SEPTEMBER 30, 2021

The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for August 2021 compared to August 2020. April 8, 2021. Miami-Dade & Palm Beach Counties. No Comments.

New Listings 55

New Listings Real Estate Realty Buyers 55

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 434

Inventory Housing Market Marketing New Listings 434

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 525

Housing Market New Listings Sellers Buyers 525

Housing Wire

OCTOBER 11, 2022

It facilitated a very unhealthy housing market in 2020-2021 that became savage in 2022. We didn’t have a seasonal push in inventory in 2020, and things worsened in 2021. To top it all off, we started 2022 at all-time lows, forcing bidding action everywhere until mortgage rates rose. million active listings, but at just 1.28

Sellers 498

Sellers Inventory Housing Market New Listings 498

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. There will be two key differences between 2023 and 2010. months nationally.

Housing Market 482

Housing Market Marketing Inventory Mortgage 482

Housing Wire

NOVEMBER 18, 2022

More potential homebuyers were squeezed out from qualifying for a mortgage in October as mortgage rates climbed higher,” National Association of Realtors Chief Economist Lawrence Yun said in a statement. months in October 2021. from October 2021. Existing home sales last month declined 5.9% year over year. ”

Housing Market 386

Housing Market Marketing Inventory New Listings 386