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 491

Inventory Housing Market Marketing New Listings 491

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 458

Inventory Housing Market Marketing New Listings 458

Housing Wire

MAY 21, 2023

It was a wild ride for the housing market last week! New listings data fell, however, active inventory grew. Here’s a quick rundown of the last week: Total active listings grew by 3,809 weekly, but new listings are still trending at all-time lows. Purchase application data fell 4.8%

Housing Market 497

Housing Market Marketing Inventory New Listings 497

Housing Wire

AUGUST 27, 2023

Did the recent move in higher mortgage rates impact the new listings data more than normal? I hope this isn’t the case, but we had a noticeable move lower in new listings last week. Weekly active listings rose by only 6,618. 9, 2022 , it’s been 21 positive prints versus 17 negative prints and one flat week.

New Listings 368

New Listings Mortgage Inventory Marketing 368

Housing Wire

JANUARY 23, 2023

Here’s the housing market rundown for the last week: Purchase application data had a solid week-to-week gain of 25%. Housing inventory decreased by 566 units, which is not a significant decline. Mortgage rates fell, but the bond market didn’t break what I see as a critical level, so for now, stabilization is more important.

Housing Market 508

Housing Market Marketing Inventory New Listings 508

Housing Wire

FEBRUARY 6, 2023

Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. 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.

Inventory 460

Inventory Housing Market Marketing New Listings 460

Housing Wire

JULY 30, 2023

Tracking housing inventory this summer is like watching a zombie slowly walking on the beach. Last week inventory growth dropped and new listing data declined again. Two weeks ago we had some good movement with active listings growing almost 9,000 , but last week that fell to just 4,988, and new listings data also fell.

Housing Market 362

Housing Market Marketing Inventory New Listings 362

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. These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. In a regular market, they would be closer to 5.25%.

Inventory 449

Inventory Housing Market Marketing Mortgage 449

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. From the St.

Inventory 410

Inventory Housing Market Marketing New Listings 410

Housing Wire

MARCH 6, 2023

The housing market faced some serious obstacles last week as the 10-year yield broke over 4%, mortgage rates rose to over 7%, purchase apps fell again and we are still trying to find the elusive seasonal bottom for housing inventory. 9, 2022, until February and we can see how that is playing out in home sales.

Inventory 464

Inventory Housing Market Marketing New Listings 464

Housing Wire

JUNE 11, 2023

It’s not like we are using a high bar for comps; 2022 had the lowest inventory ever recorded, and we still have a good shot of showing some negative year-over-year inventory prints soon. inventory saga: after mortgage rates spiked above 6% in 2022, that jump-started the unhealthy reality of new listing data trending negative year over year.

Inventory 504

Inventory Housing Market Marketing New Listings 504

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.

Inventory 536

Inventory Housing Market Marketing New Listings 536

Housing Wire

APRIL 3, 2023

Last week was relatively calm for the housing market after the fiasco of the banking crisis. Housing demand grew and inventory levels fell again while mortgage rates rose. Active inventory fell by 3,141, and new listing data fell again and is still trending at all-time lows. 9, 2022, is purchase application data.

Inventory 488

Inventory Housing Market Marketing New Listings 488

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. Weekly inventory change (Feb. NAR: Total Inventory levels are 980,000.

Housing Market 432

Housing Market Marketing Inventory New Listings 432

Housing Wire

DECEMBER 30, 2023

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housing market and which factors to follow.

Inventory 509

Inventory New Listings Housing Market Mortgage 509

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. Table 1: 10 Hottest Housing Markets out of the Top 250 Metro Areas, February 2022.

Housing Market 407

Housing Market Sellers Marketing New Listings 407

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. This is good news for the housing market.

Inventory 533

Inventory Housing Market Marketing Mortgage 533

Housing Wire

JULY 16, 2023

In a normal market, mortgage rates would easily be under 6% with the 10-year yield where it is. Weekly housing inventory We had mild inventory growth last week and new listing data is trending at the lowest levels ever. In a few months, we will see the seasonal decline in active listings inventory that we see every year.

Housing Market 369

Housing Market Marketing Inventory New Listings 369

Housing Wire

JULY 23, 2023

However, last year was very abnormal: We had the biggest one-year sales crash ever, working from the lowest active listings data in March 2022. New listings had a good week, considering how the year has gone, which is a plus as this data line was down five straight weeks. If we start from Nov.

Inventory 367

Inventory Housing Market Marketing New Listings 367

Housing Wire

MARCH 23, 2024

As we can see in the chart below, the 10-year yield and mortgage rates have made a massive move higher since 2022. However, whenever the 10-year yield falls with duration, as we saw toward the end of 2022 and into 2023, it sends mortgage rates lower, and we can grow sales from these record-low levels.

Mortgage 514

Mortgage Inventory New Listings Housing Market 514

Housing Wire

JANUARY 30, 2023

Here’s the housing market rundown for the last week: Purchase application data showed positive weekly growth again — and the bounce from the bottom is more noticeable now. Housing inventory decreased by 6,468 units, a more pronounced decline from the previous week. housing market. Weekly inventory change (Jan.

Inventory 496

Inventory Housing Market Marketing Mortgage 496

Housing Wire

DECEMBER 7, 2022

One issue that has created a waterfall dive in purchase application data and sales is that new listing data is declining faster than usual. Since the summer of 2020, I have believed the housing market could change in terms of cooling down, but it would require the 10-year yield to break over 1.94%.

Housing Market 544

Housing Market Mortgage Marketing Inventory 544

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. Here is a look at how the 2022 inventory monthly data looked from NAR.

Inventory 398

Inventory Housing Market Mortgage Marketing 398

Housing Wire

MARCH 12, 2023

Last week was wild, and not just for the housing market. Weekly inventory fell by 6201 , and new listing data is down noticeably from last year, which was different than last week. Using the NAR data, this was the premise of my forecast last year for housing inventory to break over 1.52 million in 2023.

Housing Market 370

Housing Market Mortgage Marketing Inventory 370

Housing Wire

MARCH 19, 2023

The housing market was crazy again last week. Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? Weekly inventory increased by 1,734. I am hoping it’s just a one-week event.

Housing Market 381

Housing Market Marketing Inventory New Listings 381

Housing Wire

DECEMBER 28, 2022

This article is part of our 2022-23 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. months nationally.

Housing Market 491

Housing Market Marketing Inventory Mortgage 491

Housing Wire

APRIL 6, 2024

Weekly housing inventory data — both active inventory and new listings — are prone to one-week moves that deviate from a trend, especially if people are going Easter egg hunting. So, the fact that active inventory and new listings data fell last week isn’t a big deal. 2022: 17.6%

Inventory 455

Inventory New Listings Mortgage Housing Market 455

Inman

JUNE 29, 2023

The number of new listings coming onto the market has plunged since June 2022, according to data released Thursday by Redfin. Transaction levels remain low even as home prices creep higher.

New Listings 164

New Listings Marketing Inventory Housing Market 164

Housing Wire

MARCH 30, 2024

The best housing story in 2024 is that inventory is growing — both active inventory and new listings. Still, new listing data is a positive story. Price-cut percentage Every year, one-third of all homes take a price cut before selling — this is regular housing activity and this data line is very seasonal.

Inventory 442

Inventory New Listings Mortgage Housing Market 442

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.

Inventory 534

Inventory Mortgage New Listings Housing Market 534

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 488

Inventory Housing Market New Listings Buyers 488

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 366

Inventory Housing Market Realtors Buyers 366

Housing Wire

JANUARY 6, 2024

Traditionally, one third of all homes get a price cut before they sell and when demand gets weaker, this percentage increases, which we saw in 2022 when prices were falling in the second half of the year. Now that mortgage rates have fallen and as we start the brand new year, we need to focus on this data line more.

Inventory 542

Inventory New Listings Housing Market Mortgage 542

Housing Wire

FEBRUARY 17, 2024

As we can see below, we are more than double the lows we saw in March of 2022, when I had already deemed the housing market savagely unhealthy. We should see the seasonal bottom soon and then the traditional increase in active inventory to match the growth in new listings data.

Mortgage 525

Mortgage Inventory New Listings Housing Market 525

Housing Wire

SEPTEMBER 20, 2021

Limited inventory, supply chain disruptions and concerns about inflation have led economists at Fannie Mae to lower their mortgage origination forecasts for the remainder of this year and into 2022. It also downsized its 2022 mortgage origination volume forecast by $55 billion to $3.25 trillion from the $4.36 growth projection.

Supply Chain 421

Supply Chain Inventory Government New Listings 421

Housing Wire

JUNE 9, 2023

They went all in during COVID-19 in 2020, doubled down in 2021 as the forbearance crash bros but really bet the farm on a massive home-price crash in 2023 after the most significant home sales crash ever in 2022. In 2022, mortgage rates got as high as 7.37%, so the question was: how low do rates have to go for housing demand to get better?

Inventory 545

Inventory Housing Market New Listings Mortgage 545

Housing Wire

SEPTEMBER 16, 2023

What’s going on with housing inventory ? 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.

Inventory 483

Inventory New Listings Housing Market Mortgage 483