Housing Wire

DECEMBER 30, 2023

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. 9, 2022, and they’ll be ready for what’s coming next. So today’s tracker is focused on 2023, the inventory data, and how different this year was from 2022.

Inventory 508

Inventory New Listings Housing Market Mortgage 508

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 520

Mortgage Inventory New Listings Sellers 520

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 370

Inventory Mortgage New Listings Sellers 370

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 365

Inventory Housing Market Realtors Buyers 365

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 482

Inventory New Listings Housing Market Mortgage 482

Housing Wire

SEPTEMBER 22, 2023

Soaring mortgage rates and home prices are continuing to dampen affordability for homebuyers. 17, according to a new report from Redfin. Combined with elevated mortgage rates, monthly housing payments are at an all-time high. 17, total active listings were at 806,701, down 16.2% New listings are down 6.7%

New Listings 448

New Listings Inventory Buyers Mortgage 448

Housing Wire

APRIL 26, 2023

Higher mortgage rates did not scare away potential homeowners last week. Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire. The latest Mortgage Bankers Association (MBA) report confirms Stone’s perceptions.

Mortgage 396

Mortgage Loan Officers New Listings Government 396

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.

Inventory 397

Inventory Marketing Mortgage Supply Chain 397

Housing Wire

SEPTEMBER 10, 2023

Last week we saw a noticeable decline in new listings and active inventory was barely positive. Last year, we saw an active listing decline in the same week but then listing growth continued until Oct. Does this mean housing inventory has begun its seasonal decline? However, one week doesn’t make a trend.

Inventory 483

Inventory New Listings Retail Mortgage 483

Housing Wire

MAY 30, 2023

below its June 2022 peak.” Low inventory , maintained by an extremely low level of new listings coming onto the market, has fueled demand amongst the few buyers who can afford to stay shopping. The average rate in March on a 30-year-fixed rate mortgage in March was 6.54%, with the rate dropping to 6.34% in April.

Mortgage 404

Mortgage Inventory Construction New Listings 404

Housing Wire

FEBRUARY 6, 2023

Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. We are working from a shallow bar in this index – seven years of growth were taken away in one year in 2022. 9, 2022, it fits into the 30-90 day forward-looking sales data line.

Inventory 459

Inventory Housing Market Marketing New Listings 459

Housing Wire

NOVEMBER 21, 2023

Elevated mortgage rates and high home prices pushed sales of existing homes down again in October to the lowest monthly pace since August 2010. Compared to October 2022, existing home sales slumped 14.6%, down from 4.44 lower than October 2022 when inventory was at 1.22 months in October 2022. months in September and 3.3

Inventory 401

Inventory Realtors New Listings Contracts 401

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. Supply being near all-time lows is one thing, but existing home sales aren’t crashing like they did in 2022. All four U.S.

Inventory 489

Inventory Housing Market New Listings Buyers 489

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 523

Inventory New Listings Housing Market Sellers 523

Housing Wire

JULY 29, 2022

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. Table 1, below, reports the 10 hottest U.S.

Housing Market 407

Housing Market Sellers Marketing New Listings 407

Housing Wire

JULY 28, 2023

High mortgages and stubbornly elevated home prices are worsening the housing affordability crisis. starter” home, up 13% from a year ago, according to a new report from Redfin. Average mortgage rates hit 6.7% from June 2022, according to Realtor.com economic researcher Hannah Jones. in June, up from 5.5% The typical U.S.

Buyers 370

Buyers Housing Market Investors Real Estate 370

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 414

Inventory Sellers Mortgage Marketing 414

Housing Wire

DECEMBER 28, 2022

This article is part of our 2022-23 Housing Market Forecast series. 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.

Housing Market 491

Housing Market Marketing Inventory Mortgage 491

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. . million in January of 2022.

Inventory 456

Inventory Housing Market New Listings Mortgage 456

Housing Wire

JANUARY 30, 2023

The 10-year yield can’t break lower from the critical level I have discussed, so not much is happening with mortgage rates. We had a waterfall dive in purchase apps in 2022 — a historic dive, I would say — so there is a shallow bar to bounce off of. For now, we are just floating around between 6.15%-6.21%, the mortgage rates last week.

Inventory 496

Inventory Housing Market Marketing Mortgage 496

Housing Wire

APRIL 3, 2023

Declining mortgage rates could have improved affordability for buyers in the housing market in February, but instead spurred a demand that, combined with a persistent lack of inventory across the U.S., In February, the number of homes available for sale fell for the fifth consecutive month, and new listings ran 27% below pre-pandemic levels.

Inventory 397

Inventory New Listings Housing Market Mortgage 397

Listing Spark

JUNE 16, 2023

In this episode of Real Estate Real Fast, Aaron Jistel, the co-founder of ListingSpark and an experienced real estate broker, provides a comprehensive overview of the current state of the Texas real estate market. Listen to the full episode for Spring 2023 trends in the Texas Real Estate Market.

Real Estate 36

Real Estate Marketing Inventory Sellers 36

Listing Spark

MARCH 9, 2023

Episode Summary Aaron Jistel gives an update on the Texas Real Estate Market in Q1 2023 and recaps the 2022 market noting that it had been affected by a sudden increase in mortgage rates, with sales and home values declining. Things are starting to look up in 2023 with a break in mortgage rates. [00:05:15]-[00:05:31]

Real Estate 28

Real Estate Marketing Sellers Home Value 28

Lamacchia Realty

JANUARY 27, 2023

The 2022 Connecticut Year in Review Housing Report breaks down sales, new listings, new pending sales, active inventory, and average price compared to the 2021 market and analyzes what the data means for the current housing market and beyond. In 2022, there were fewer sales in Connecticut than in 2021, down 18.8%

Inventory 52

Inventory Sellers Buyers Real Estate 52

Housing Wire

FEBRUARY 22, 2024

The housing market in the state of Florida saw higher median home prices, more real estate listings and a higher number of active listings during the month of January, according to data released Thursday by Florida Realtors , a state-based trade organization for real estate professionals.

New Listings 425

New Listings Realtors Real Estate Inventory 425

Empire Appraisal Group

JUNE 22, 2023

Why Few Listings? 82% Have a Mortgage Rate Below 5% Source: [link] By Kerry Smith Homeowners don’t want to lose a mortgage rate that saves them hundreds of dollars a month. And of today’s owners with a mortgage, 1 in 4 enjoys a rate less than 3%. Rates for current homeowners with a mortgage Below 6% : 91.8%

Mortgage 78

Mortgage Sellers Buyers New Listings 78

Listing Spark

OCTOBER 13, 2022

The Texas real estate market has come crashing down. We’ll dive into the state of the Texas real estate market with Real Estate Real Fast host Aaron Jistel. How to vet real estate agents as a seller. 00:02:50] Peaking into the Fall 2022 Austin housing market. powered by Sounder.

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

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. Inventory is always seasonal, but the decline in new listings this year was not what I wanted to see. This is not encouraging news at all, in my view. From Redfin.

Inventory 384

Inventory New Listings Law Housing Market 384

Housing Wire

OCTOBER 20, 2023

And with millennials emerging as the largest generation of homebuyers in today’s market, comprising 28% of all homebuyers, real estate agents need to master social media or they might miss out. Be sure to label on the photo or video that your post is a new listing, as people may miss the caption while scrolling.

Real Estate 376

Real Estate Agents Real Estate Agent Clients 376

Housing Wire

JANUARY 8, 2024

These are very clear trends as we start the new year. 2022 started insanely strong and weakened rapidly in the second quarter. 2023 started with recovery, but slowed down in Q3 as mortgage rates hit 8%. I’ve pointed out that consumers are more sensitive to changes in mortgage rates than to the absolute levels.

Real Estate 496

Real Estate Marketing Inventory New Listings 496

Empire Appraisal Group

SEPTEMBER 8, 2022

The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. NEW YORK – The rock-hard foundation of the U.S. Or to discourage mortgage brokers from lending. The number of home listings remains low nationally.

Housing Market 78

Housing Market Marketing Real Estate New Listings 78

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

Mortgage 382

Mortgage Real Estate Inventory Construction 382

Housing Wire

MARCH 25, 2024

Mortgage rates seem to have finally settled down. I was worried that we might come out of that meeting with a spike in mortgage rates but that didn’t materialize so we got lucky. The longer mortgage rates stay higher, the more inventory will grow closer to the old levels. In total, new listings data is 14% more than last year.

New Listings 497

New Listings Inventory Contracts Sellers 497

Housing Wire

JANUARY 22, 2024

According to Zillow ’s annual predictions, Indianapolis will be the fourth-hottest real estate market of 2024, thanks to its solid economy, housing inventory, affordability and pent-up demand. The top three spots in the ranking were Buffalo, New York, and Cincinnati and Columbus, Ohio. The real estate market As of Jan.

Housing Market 419

Housing Market Marketing Logistics Real Estate 419

Housing Wire

NOVEMBER 27, 2023

If you follow real estate data closely, you’ll know that inventory rose late into November. You also know that new listings are up over last year, too. New listings volume is up, too. There were 58,000 new listings this week, with 10,000 of those homes already under contract as immediate sales.

New Listings 494

New Listings Contracts Inventory Housing Market 494

Housing Wire

JULY 17, 2023

In the fall of 2022 after mortgage rates jumped to 7.5%, I thought maybe we’d missed the soft landing call. By October 2022, it looked like 2023 would have rising inventory and falling home prices. The peak of inventory for 2023 so far was the week of the New Year — that is insane. That’s essentially unchanged from 2022.

Real Estate 312

Real Estate Marketing Inventory Contracts 312

Housing Wire

DECEMBER 4, 2023

New listings and home sales remain low this week while available inventory of unsold homes is finally falling across the country after rising with mortgage rates late into November. Home prices will also be up and we have more homes under contract than we did at the end of 2022. We want new listings volume to show growth.

Housing Market 491

Housing Market Marketing Inventory New Listings 491