Housing Wire

JANUARY 20, 2023

The phrase “in like a lion, out like a lamb” is typically used to describe the month of March, but it is also applicable to existing home sales trends in 2022. 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.

Inventory 382

Inventory Housing Market Realtors Buyers 382

Housing Wire

SEPTEMBER 22, 2023

This is pushing many prospective homebuyers to the sidelines until the market becomes healthier. Adding to buyers’ affordability pain, median home prices rose 3.4% 17, total active listings were at 806,701, down 16.2% However, new listings have stabilized, ticking up slightly since the beginning of September.

New Listings 450

New Listings Inventory Buyers Mortgage 450

Housing Wire

JULY 28, 2023

New listings of starter homes dropped 23% from a year earlier in June, the biggest drop since the start of the pandemic, the report found. Meanwhile, the total number of starter homes on the market is down 15%, also the biggest drop since the start of the pandemic. asking rent is just $24 shy of the $2,053 peak hit in 2022.

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Buyers Housing Market Investors Real Estate 370

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 404

Inventory Housing Market Marketing New Listings 404

Housing Wire

JULY 2, 2023

Housing inventory finally broke under 2022 levels last week. To give you an idea how different this year is from last year, last week in 2022, active listings grew 30,940 while this year they only grew 5,848. We have often discussed that the housing market dynamics changed starting Nov.

Inventory 450

Inventory Housing Market Marketing New Listings 450

Housing Wire

MARCH 26, 2023

The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. Active inventory fell 1,109, and new listing data made a lovely comeback week to week but was still noticeably down year over year. In a regular market, they would be closer to 5.25%.

Inventory 442

Inventory Housing Market Marketing Mortgage 442

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. Purchase application data There is no way around this story; we had a solid streak from Nov.

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Housing Market Marketing Inventory New Listings 442

Housing Wire

FEBRUARY 6, 2023

Let’s dive into the trend lines of the housing market. We are working from a shallow bar in this index – seven years of growth were taken away in one year in 2022. The show-me part of the housing market starts with this bounce from an extreme bottom. 9, 2022, it fits into the 30-90 day forward-looking sales data line.

Inventory 457

Inventory Housing Market Marketing New Listings 457

Housing Wire

FEBRUARY 26, 2024

In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs. Before the new law was enforced, many condo associations were investing their reserves in government-insured instruments, sacrificing their liquidity to generate a return.

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HOA Law Insurance New Listings 477

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. This is clear in the chart below, which shows the year-over-year percent change in the four-week average of new listings.

Mortgage 433

Mortgage Sellers New Listings Buyers 433

Housing Wire

JULY 29, 2022

A few months ago, the United States housing market failed Econ 101. metropolitan areas in February 2022, based on year-over-year growth in median listing price according to the residential real estate listing website, Realtor.com. The table also reports the year-over-year percent change in new listings for each market.

Housing Market 404

Housing Market Sellers Marketing New Listings 404

Inman

MAY 10, 2023

A "drought" of new listings is driving up prices, reversing the sluggishness of late 2022 and forcing buyers to compete fiercely for homes, according to a new analysis from Zillow.

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Buyers Inventory New Listings Marketing 152

Housing Wire

DECEMBER 9, 2023

The most underreported housing story I’ve seen this year is that even with mortgage rates rising to 8%, the number of homes that took price cuts before they sold was 4% below 2022 levels. 2022 was a historic year for housing as we had the most significant home sales crash ever, and mortgage rates went from 3% to 7% in the same year.

Mortgage 531

Mortgage Inventory New Listings Sellers 531

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

Inventory 541

Inventory Housing Market Marketing New Listings 541

Housing Wire

APRIL 18, 2024

Supply being near all-time lows is one thing, but existing home sales aren’t crashing like they did in 2022. The supply and demand equilibrium changed after November 2022, and that itself has kept prices rising even with existing home sales still trending at the lowest levels ever for the third calender year. million in March.

Inventory 483

Inventory Housing Market New Listings Buyers 483

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. 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%. Weekly inventory change (Nov.

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Inventory Mortgage New Listings Buyers 534

Housing Wire

MARCH 2, 2024

Let’s take a look at the inventory data this year to test this premise, since for many months it has been a working theory of mine that new listings data behavior last year marked a bottom and even going into 2024 we should see more sellers. You can see our debate on this topic here.

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Inventory Mortgage New Listings Housing Market 532

Housing Wire

JANUARY 20, 2024

Housing inventory, new listing data and mortgage rates are all rising, but the price cut data percentages are falling. New listings data While new listings data isn’t growing in significant terms year over year — sorry, silver tsunami crowd — it is showing growth year over year. So far, so good in 2024.

Inventory 541

Inventory Mortgage New Listings Sellers 541

Housing Wire

MAY 8, 2024

Since most sellers are buyers, inventory should be stable if demand is stable. In 2022 we had the most significant home sales crash ever and even in 2024 we are in the third year of the lowest number of home sales ever — but inventory is still near all-time lows. Demographics also play a role here.

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Inventory Law New Listings Sellers 502

Housing Wire

FEBRUARY 4, 2024

I am a very pro-housing supply person and will feel much better about the housing market when we return to pre-COVID-19 levels for total active listings. New listings were trending at the lowest levels ever in 2023, but that should not be the case in 2024. It’s not a lot, but anything is positive, which I will take.

Inventory 513

Inventory Mortgage New Listings Housing Market 513

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.

Inventory 464

Inventory Marketing Housing Market New Listings 464

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 542

Mortgage Inventory New Listings Sellers 542

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 483

Inventory New Listings Mortgage Retail 483

Housing Wire

DECEMBER 28, 2022

This article is part of our 2022-23 Housing Market Forecast series. The last time we saw prices decline, the combination of declining prices and bad mortgages forced inventory onto the market. This time, declining prices are likely tempering the pace of inventory going onto the market rather than accelerating.

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Housing Market Marketing Inventory Mortgage 483

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. The farther away we stay away from the savagely unhealthy housing market of March 2022, the happier I will be. Yes, I know it’s not a lot of homes, but growth is growth, people!

Mortgage 483

Mortgage Inventory New Listings Housing Market 483

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 382

Housing Market Marketing Inventory New Listings 382

Housing Wire

JANUARY 20, 2023

And existing home sales crashed in 2022 from a peak of around 6.5 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.

Inventory 540

Inventory Housing Market New Listings Marketing 540

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 516

Mortgage Inventory New Listings Sellers 516

Housing Wire

JANUARY 16, 2023

The weekly data shows some good news for the housing market ! With mortgage rates also falling, I am hopeful that more people will list their homes and buy another, so we can get back to a more functional housing market. One caution is that this data line took a waterfall dive, wiping out seven years of growth in 2022.

Inventory 531

Inventory Housing Market Marketing Mortgage 531

Housing Wire

JANUARY 13, 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% 2022 21.7%

Inventory 531

Inventory New Listings Retail Mortgage 531

Housing Wire

NOVEMBER 21, 2023

Compared to October 2022, existing home sales slumped 14.6%, down from 4.44 Prospective home buyers experienced another difficult month due to the persistent lack of housing inventory and the highest mortgage rates in a generation,” NAR Chief Economist Lawrence Yun said in a statement. lower than October 2022 when inventory was at 1.22

Inventory 404

Inventory Realtors New Listings Contracts 404

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. Let’s start with the good news.

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Inventory Marketing Mortgage Supply Chain 393

Housing Wire

MARCH 6, 2023

Today, we see buyer demand dampened under pressure from rising rates and their impact on affordability, with purchase rate-lock volumes cooling in late February,” Andy Walden, vice president of enterprise research strategy at Black Knight, said in a statement. In 2022, about $2.4 Months of supply stagnated at about 3.1

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Housing Market Marketing Inventory Sellers 393

Housing Wire

NOVEMBER 30, 2021

market experts are rolling out?all 2022 is slated to be? a buyer’s market. ? . Why focus on what the national experts are saying when you could be an expert in your very own market??? . Finding out that Chicago’s real estate market could still skyrocket a double-digit percentage?is Market data can?help

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Real Estate Agents Real Estate Agent Business 433

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.

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Inventory New Listings Housing Market Sellers 525

Housing Wire

NOVEMBER 9, 2022

But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care. Understanding this data line and what it is trying to tell you will be more valuable than erroneously thinking the market is crashing and we’ll see a wave of foreclosures.

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New Listings Inventory Housing Market Sellers 488

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. For my 2023 forecast , my range on the 10-year yield has been between 3.21%-4.25%, emphasizing that the bond yields can go lower than 3.21% only if the labor market breaks. If we start from Nov.

Mortgage 370

Mortgage Inventory New Listings Retail 370