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 483

Inventory Housing Market Marketing New Listings 483

Housing Wire

JULY 2, 2023

We have often discussed that the housing market dynamics changed starting Nov. So the fact that housing demand stabilized and inventory is now negative year over year needs the context that 2022 was a once-in-a-lifetime event. As you can see in the chart below, 2023 inventory growth is very slow compared to 2022.

Inventory 450

Inventory Housing Market Marketing New Listings 450

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. A traditional seller is a conventional buyer most of the time.

Housing Market 442

Housing Market Marketing Inventory New Listings 442

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 442

Inventory Housing Market Marketing Mortgage 442

Housing Wire

JUNE 25, 2023

I would feel much better about the inventory situation if we added an additional 3,000-8,000 houses to the weekly data line from current levels. 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.

Inventory 404

Inventory Housing Market Marketing New Listings 404

Housing Wire

JANUARY 9, 2023

The housing market saw inventory fall 4% last week from the week before. Does that mean we are heading back to all-time lows in inventory again for 2023? However, the year-over-year data is still critical to keep track of for the housing market. 6, 2023): Fell from 490,809 to 471,349 Same week last year: (Dec.

Inventory 541

Inventory Housing Market Marketing New Listings 541

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. The show-me part of the housing market starts with this bounce from an extreme bottom. Weekly inventory change (Jan.

Inventory 457

Inventory Housing Market Marketing New Listings 457

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. 13, 2023): Rose From 471,349 – 472,688. Weekly inventory change: (Jan.

Inventory 531

Inventory Housing Market Marketing Mortgage 531

Housing Wire

MAY 11, 2024

However, this year, even though the spreads are still historically bad, they’ve improved over last year, which is a plus for the housing market. This can be partly due to a higher percentage of cash buyers in the sales mix that purchase applicatoins won’t account for. Right now, the difference between them is 2.60%.

Mortgage 441

Mortgage Inventory New Listings Housing Market 441

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 want to see how the 10-year yield acts this week.

Housing Market 382

Housing Market Marketing Inventory New Listings 382

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 532

Inventory Mortgage New Listings Housing Market 532

Housing Wire

FEBRUARY 14, 2024

The housing market is heating up as the spring buying season approaches. Well-priced homes are selling fast, often within 29 days, and that time frame is bound to shorten as the shopping season opens, according to Zillow ’s January market report. Total inventory was up more than 3% from January 2023. year over year.

New Listings 414

New Listings Sellers Housing Market Buyers 414

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. In the first half of 2023, the year-over-year increase in the share of listings with price cuts rose as high as 80.7%.

Mortgage 433

Mortgage Sellers New Listings Buyers 433

Housing Wire

APRIL 18, 2024

This is a byproduct of the qualified mortgage rule of 2010, which has been a game-changer not only for the housing market but for the overall U.S. This scenario is similar to 2023 when rates fell. million active listings per the last report, we have 526,000 per our last Housing Market Tracker article.

Inventory 483

Inventory Housing Market New Listings Buyers 483

Housing Wire

JANUARY 26, 2024

The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. Job additions and income growth will further help with housing affordability, but increased supply will be essential to satisfying all potential demand.”

Contracts 450

Contracts Housing Market Construction Inventory 450

Housing Wire

MARCH 9, 2024

Since November 2023, we have had nine positive and five negative purchase application prints after making holiday adjustments. This is a carbon copy of what happened in 2023 when rates went higher. Moving the needle doesn’t take much since we all know we have buyers ready to go and home sales are at record lows.

Mortgage 483

Mortgage Inventory New Listings Housing Market 483

Housing Wire

NOVEMBER 11, 2023

Total housing inventory growth has been slow in 2023, but with rising mortgage rates over the last few months, inventory has grown a bit faster than average. The question now is: Have we hit the seasonal peak in inventory for 2023? That is the critical period for new listing data to grow; remember, most sellers are buyers.

Inventory 483

Inventory New Listings Mortgage Retail 483

Housing Wire

FEBRUARY 4, 2024

Weekly housing inventory data One substantial positive story for 2024 is that we have more housing inventory year over year. 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.

Inventory 513

Inventory Mortgage New Listings Housing Market 513

Housing Wire

FEBRUARY 26, 2024

The average cost of a policy increased 40% in 2023 alone, according to a report by Redfin. On the demand side, buyers are wary of purchasing a condo since it has become less affordable. In Jacksonville, the median condo price declined roughly 7% year over year in January, sales declined 27% and new listings increased 32%.

HOA 477

HOA Law Insurance New Listings 477

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. This happened even with higher home prices and higher mortgage rates in 2023. Weekly inventory change (Dec.

Mortgage 531

Mortgage Inventory New Listings Sellers 531

Housing Wire

NOVEMBER 25, 2023

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%. Last year in November, we had a noticeable move lower in mortgage rates, and the forward-looking housing data got better, but almost everyone ignored it.

Inventory 534

Inventory Mortgage New Listings Buyers 534

Housing Wire

JANUARY 20, 2023

housing market , we just experienced an event that most people never thought could happen. Outside of that time period, everything else from 1982 to 2023 was normal. If you believe people sell to become homeless, then you’re in the group of people that have simply not read housing data for decades.

Inventory 540

Inventory Housing Market New Listings Marketing 540

Housing Wire

MARCH 6, 2023

The three-pronged challenge of inventory shortages, unaffordable housing and rising interest rates kept home prices more moderate, as supply can’t match demand, the report said. in recent months due to a combination of falling demand and a weakening inflow of new listings. Months of supply stagnated at about 3.1

Housing Market 393

Housing Market Marketing Inventory Sellers 393

Housing Wire

DECEMBER 21, 2022

Plus, available housing inventory remains near historic lows.” ” 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 is the biggest story in housing. . economic history. . As we can see below, the U.S.

Inventory 525

Inventory New Listings Housing Market Sellers 525

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. However, we have entered a tricky period in housing economics where we might have to take this premise more seriously since mortgage rates recently got as low as 2.5% The parts of the U.S.

Mortgage 516

Mortgage Inventory New Listings Sellers 516

Housing Wire

DECEMBER 2, 2023

For my 2023 forecast , my range for the 10-year yield was 3.21%-4.25% , which meant mortgage rates between 5.75%-7.25%. 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. Mortgage rates and the 10-year yield We are back!

Mortgage 542

Mortgage Inventory New Listings Sellers 542

Housing Wire

JANUARY 20, 2024

Housing inventory, new listing data and mortgage rates are all rising, but the price cut data percentages are falling. However, at the current trend, we will break below the lows in the price cut percentage data that we saw in 2023 in the spring of this year. The bottom has been in March and April in the past few years.

Inventory 541

Inventory Mortgage New Listings Sellers 541

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.

Mortgage 370

Mortgage Inventory New Listings Retail 370

Housing Wire

JANUARY 20, 2023

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. With the exception of May 2020, when the pandemic had virtually shut down housing market activity, this is the lowest level of monthly home sales in 12 years.”

Inventory 382

Inventory Housing Market Realtors Buyers 382

Housing Wire

NOVEMBER 9, 2022

However, the housing market did run into one problem in 2020. Inventory levels broke to all-time lows and thus created massive housing inflation quickly, which broke my model. I knew housing would be OK as long as home prices only grew at 23% over five years — 4.6% This means less demand for housing.

New Listings 488

New Listings Inventory Housing Market Sellers 488

Housing Wire

NOVEMBER 28, 2023

home prices continued their rally in September 2023,” Craig Lazzara, managing director at S&P DJI , said in a statement.“Our in September, marking eight consecutive monthly gains since prices bottomed in January 2023. Simultaneously, new listing volume is up at the end of November, which might cool home prices down.

New Listings 413

New Listings Contracts Inventory Sellers 413

Housing Wire

MAY 30, 2023

Low housing inventory and still-strong demand kept prices high in March, according to the latest according to the S&P CoreLogic Case-Shiller National Home Price Index , released Tuesday. The annual growth rate in March 2023 was up 0.7%. Relatedly, the Federal Housing Finance Agency (FHFA) recorded a 4.3%

Mortgage 404

Mortgage Inventory Construction New Listings 404

Housing Wire

JANUARY 13, 2024

Weekly housing inventory data Here is a look at the first week of the year: Weekly inventory change (Jan. In any case, we will keep an eye on housing inventory going out in the future. We can grow new listings from these depressed levels and get more demand. 2022 21.7%

Inventory 531

Inventory New Listings Retail Mortgage 531

Housing Wire

NOVEMBER 28, 2023

house prices rallied again in the third quarter of 2023. year over year in Q3, according to the Federal Housing Finance Agency (FHFA) House Price Index. Simultaneously, new listing volume is up at the end of November, which might further cool home prices. In fact, home prices rose 2.1% in September.

Inventory 464

Inventory New Listings Finance Buyers 464

Housing Wire

FEBRUARY 23, 2024

Existing home sales showed a jump in sales, which was anticipated by most as we had positive, forward-looking housing data due to mortgage rates falling from 8.03% to 6.63%. This is nothing dramatic, but similar to what we saw in 2023 when mortgage rates rose from 5.99% up to 7.25%. From NAR : Total existing-home elevated 3.1%

Inventory 464

Inventory Mortgage New Listings Marketing 464

Housing Wire

FEBRUARY 7, 2024

It’s no secret that 2023 was a difficult year to buy a home. 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.

Inventory 424

Inventory Sellers Mortgage Marketing 424

Housing Wire

NOVEMBER 21, 2023

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. The median existing- home price for all housing types in October was $391,800, down from $394,300 in September but up 3.4%

Inventory 404

Inventory Realtors New Listings Contracts 404