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 540

Inventory New Listings Housing Market Mortgage 540

Housing Wire

NOVEMBER 25, 2023

18): Inventory fell from 569,571 to 564,571 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 1,104,514 New listings data fell weekly but showed positive year-over-year growth. Weekly inventory change (Nov.

Inventory 523

Inventory Mortgage New Listings Buyers 523

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. New Listings Tick Up Slightly, But Overall Housing Supply Remains at Record Low New listings rose 0.8% Year-over-year new listings were down 14.4%.

Buyers 394

Buyers Mortgage New Listings Real Estate Agent 394

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

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 521

Inventory New Listings Housing Market Sellers 521

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 508

Inventory New Listings Housing Market Sellers 508

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 521

Inventory New Listings Retail Mortgage 521

Housing Wire

DECEMBER 16, 2023

This is what we see, and it’s much needed; we need more new listings and not fewer. New listings data for last week in the last several years: 2023: 39,613 2022: 34,973 2021: 39,936 Traditionally, one-third of all homes will have price cuts before they sell. Weekly inventory change : (Dec.

Inventory 534

Inventory New Listings Mortgage Law 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 447

Inventory New Listings Mortgage Retail 447

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. How quickly would sellers return if rates were lower?

Inventory 388

Inventory Sellers Mortgage Marketing 388

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. This is never a good thing for housing.

Inventory 473

Inventory Housing Market New Listings Buyers 473

Housing Wire

APRIL 16, 2023

The seasonal housing inventory bottom evaded us again last week as active listings fell and new listing inventory decreased. Here’s a quick rundown of the last week: Active inventory fell 5,383 last week, and new listing data is still trending at all-time lows in 2023.

Inventory 522

Inventory Housing Market Marketing New Listings 522

Housing Wire

JANUARY 20, 2023

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. During that period, we saw new listing data decline. from November but up 10.2% months in Nov.

Inventory 537

Inventory Housing Market New Listings Marketing 537

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 527

Housing Market New Listings Sellers Buyers 527

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 513

Inventory Housing Market Marketing New Listings 513

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 406

Inventory Housing Market Marketing New Listings 406

Housing Wire

DECEMBER 7, 2022

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. As we can see below, none of that is happening today because the seller isn’t stressed.

Housing Market 540

Housing Market Mortgage Marketing Inventory 540

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 452

Inventory Housing Market Marketing New Listings 452

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 442

Inventory Housing Market New Listings Mortgage 442

Housing Wire

NOVEMBER 18, 2022

million in October 2021). Seasonal impacts are the norm with housing, and new listing data is negative 6% year to date. We saw new listing data decline when rates got to 6.25% the first time. from October 2021 ($355,700), as prices rose in all regions. NAR Research : Total existing-home sales decreased 5.9%

Inventory 464

Inventory Marketing Housing Market New Listings 464

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.

Mortgage 338

Mortgage New Listings Buyers Inventory 338

Housing Wire

JULY 13, 2021

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.” But recently, we’ve started to see buyers get cold feet.

Inventory 497

Inventory Housing Market Real Estate Agent Buyers 497

Housing Wire

FEBRUARY 27, 2023

Weekly housing inventory decreased by 6,801, while new listing data is still negative year-over-year. 11-18): Fell from 247,385 to 243, 916 Another storyline with inventory is taking hold now, and new listing growth once again is negative year over year. A traditional seller is a conventional buyer most of the time.

Housing Market 404

Housing Market Marketing Inventory New Listings 404

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. Will higher rates extend the inventory season, or are we going into the traditional seasonal decline?

Inventory 367

Inventory Mortgage New Listings Sellers 367

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. Months of supply stagnated at about 3.1 In 2022, about $2.4

Housing Market 377

Housing Market Marketing Inventory Sellers 377

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 370

Housing Market Marketing Inventory New Listings 370

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 382

Inventory New Listings Law Housing Market 382

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 440

Inventory Housing Market Marketing New Listings 440

Housing Wire

OCTOBER 15, 2021

Most sellers who are on the market now are very motivated to move: landlords with vacant homes, families who already upgraded and need to sell their previous homes, couples splitting up,” David Palmer, a Redfin listing agent, said in a statement.

Contracts 398

Contracts Landlords Inventory New Listings 398

Housing Wire

JANUARY 20, 2023

from 2021, which NAR attributes to the “rapidly escalating interest rate environment.” In a typical spring market, sellers lead buyers, with new listings coming on the market in the early part of the year before buyers start thinking about shopping,” Sturtevant said. A total of 5.03 year over year.

Inventory 341

Inventory Housing Market Realtors Buyers 341

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. 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. It wasn’t part of my forecast in 2020 or 2021.

Sellers 501

Sellers Inventory Housing Market New Listings 501

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.

Inventory 375

Inventory Housing Market Mortgage Marketing 375

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. NAR expects home prices in the next three months to increase nearly 6% from one year ago and will increase almost 3% from last year’s sales level.

Realtors 475

Realtors Buyers Housing Market New Listings 475

Housing Wire

FEBRUARY 12, 2024

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. There were 66,000 new listings this week, of which 14,000 are already in contract. It’s not a ton of sellers.

Sellers 355

Sellers Housing Market Buyers New Listings 355

Housing Wire

JANUARY 9, 2023

31, 2021-Jan. We want to see whether this weekly data stops declining before the spring seasonal push in inventory or if we will have a repeat of the second half of 2022, where we saw a lack of new listing growth. What we don’t want to happen this year is a decline in new listing data on a yearly basis.

Inventory 521

Inventory Housing Market Marketing New Listings 521

Housing Wire

MAY 21, 2021

” 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. 2019 is being used as a reference point since 2020 data is skewed by the pandemic.).

Housing Market 540

Housing Market Marketing New Listings Mortgage 540

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. Weekly inventory change : (Dec.15-22)

Housing Market 518

Housing Market Marketing Inventory New Listings 518