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. However, for now, this is a plus for the U.S. 2022: 17.6%

Inventory 451

Inventory New Listings Mortgage Housing Market 451

Housing Wire

NOVEMBER 25, 2023

However, the recent drop in housing inventory has more to do with seasonality factors than lower mortgage rates. Higher mortgage rates did push inventory higher during the seasonal period when it would normally be declining. The question now is what will inventory look like in the spring if mortgage rates keep falling?

Inventory 533

Inventory Mortgage New Listings Buyers 533

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. 12-19) : Inventory rose from 505,223 to 506,414 Same week last year (Jan.

Inventory 540

Inventory Mortgage New Listings Sellers 540

Housing Wire

MARCH 7, 2024

Home sellers looking to maximize their sale price may want to avoid the start of the busy spring buying season and list their properties closer to the midpoint of the year, according to a Zillow analysis released Thursday. Now, with persistently low inventory, mortgage rate fluctuations make their own seasonality.

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Sellers Buyers Real Estate Inventory 403

Housing Wire

JULY 2, 2023

Housing inventory finally broke under 2022 levels last week. Since May 15, that trend has continued to the point that inventory in America is now negative year over year. 9, 2022, and today you can see the final result of that dynamic shift as inventory is now negative versus the 2022 data — all before July 4th.

Inventory 450

Inventory Housing Market Marketing New Listings 450

Housing Wire

APRIL 16, 2023

The seasonal housing inventory bottom evaded us again last week as active listings fell and new listing inventory decreased. Purchase application data rose again, with more positive than negative data in 2023. This is one reason housing inventory has taken so long to bottom out. The answer is no!

Inventory 535

Inventory Housing Market Marketing New Listings 535

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The fear of not having an increase in inventory this spring should be put to rest. Since 2020, the seasonal inventory bump has happened later than usual — not until March or April.

Inventory 516

Inventory Housing Market Marketing New Listings 516

Housing Wire

SEPTEMBER 26, 2023

“Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said. At the current sales rate, this represents a supply of 7.8

Inventory 490

Inventory Buyers Construction Sellers 490

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 housing inventory Mortgage rates have been near or above 7% for the last few months, and active listings growth has been slow during this tenure.

Inventory 370

Inventory Mortgage New Listings Sellers 370

Housing Wire

JANUARY 16, 2023

Housing inventory increased by 1,339 homes nationwide. The weekly inventory data, which had fallen faster than I had anticipated the last few weeks, has now seen a slight uptick. However, that has changed recently, so it’s time for the housing market to put up or shut up for spring 2023. Weekly housing inventory.

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Inventory Housing Market Marketing Mortgage 531

Housing Wire

JANUARY 20, 2023

On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. million in January down to about 4 million in December, We now have total inventory levels near all-time lows again. In one of the most historical years in the U.S.

Inventory 540

Inventory Housing Market New Listings Marketing 540

Housing Wire

MAY 15, 2024

That’s a swing of 17% fewer sellers in just a matter of days. million by October of 2023 (when rates crossed over 8%). FHFA , in its March 2024 research paper, The Lock-In Effect of Rising Mortgage Rates , quantified the degree to which rising mortgage rates slowed housing purchases in 2023.

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Mortgage New Listings Inventory Sellers 371

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? During the last four weeks and especially this past week, we are seeing inventory decline faster than expected. Weekly housing inventory. 30, 2022-Jan.

Inventory 537

Inventory Housing Market Marketing New Listings 537

Housing Wire

JUNE 25, 2023

Summer is here, and housing inventory is finally growing! The spring housing inventory was like a zombie rising from the grave, very slow, but the summer is showing some promise and let’s hope it continues. Here’s a quick rundown of the last week: Active inventory grew 8,886 weekly.

Inventory 404

Inventory Housing Market Marketing New Listings 404

Housing Wire

MARCH 30, 2023

But while rates have dropped, the housing market has continued to be challenged by low inventory levels. Altos Research data shows that the weekly inventory fell from 414,278 on March 17 to 413,169 on March 24. Mortgage rates declined for the third consecutive week, sparking hope for a good homebuyers’ spring season.

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Inventory Housing Market Marketing Mortgage 518

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. Market indicators so far appear tentatively promising.

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Lending Inventory Mortgage Finance 446

Housing Wire

JUNE 5, 2023

Tightening credit availability, elevated rates, inventory shortages and strengthening home prices are adding to affordability challenges, the report notes. One key contributor to the affordability challenges is dwindling inventory nationwide. Since the start of 2023, inventory has deteriorated in 95% of major markets, the report notes.

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Inventory Buyers Housing Market Mortgage 391

Housing Wire

MAY 4, 2023

On the other hand, inventory is still low, and homes are still selling fast, often with multiple offers. What can we expect in 2023? At the same time, there are some key trends I think will characterize the housing market in 2023. Home shoppers who are waiting to score a deal are going to be disappointed in 2023.

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Housing Market Marketing Inventory Buyers 408

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. Mortgage rates hit 6.80%, marking the high point for 2023 so far. Weekly inventory change (Feb.10-Feb.

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Inventory Housing Market Mortgage Marketing 396

Housing Wire

MARCH 2, 2023

And just like the bears who are starting to wake up from their long winter naps, homebuyers and sellers are coming out of hibernation… or at least they normally do. According to Mike Simonsen, the president of Altos Research , to see housing inventory fall throughout February, as it has this year, is pretty unusual.

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Real Estate Agent Inventory Real Estate Agents 387

Housing Wire

JULY 5, 2023

Gerli cites data from a company called AllTheRooms to make the case that the Airbnb /short-term rental market is “crashing” and it will have a big impact on inventory. In some markets there are now 2-3x more homes listed on Airbnb than for sale, a situation that has robbed the housing market for inventory,” Gerli wrote in an email.

Inventory 393

Inventory Housing Market Marketing Sellers 393

Housing Wire

MAY 10, 2022

The relative pressure of supply vs. demand in the housing market is gauged by the level of active inventory. Like dropping barometric pressure, plunging inventory usually foretells stormy conditions: Faster price growth and faster sales. But the market is so overheated right now that it will take some time to achieve this balance.

Inventory 393

Inventory Housing Market Construction Sellers 393

Housing Wire

FEBRUARY 6, 2023

Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. Weekly Housing Inventory A few weeks ago, I was encouraged that we had a slight increase in inventory and a small decline the following week. This week inventory fell 8,664 units from the previous week.

Inventory 453

Inventory Housing Market Marketing New Listings 453

Housing Wire

JANUARY 18, 2023

At the start of 2023, the company is investing in training the sales team on tactics to start growing the business again. ” Altos Research data confirms Canter’s perception that there are more houses in inventory. . ” Altos Research data confirms Canter’s perception that there are more houses in inventory.

Inventory 433

Inventory Mortgage Retail Training 433

Housing Wire

NOVEMBER 13, 2023

Buying a house was obtainable only for the haves in 2023 as home prices and mortgage rates soared. Homebuyers’ median household income increased by $19,000 this year from 2022, reaching $107,000, according to the National Association of Realtors ’ 2023 Profile of Homebuyers and Sellers. Meanwhile, in September, one-third of U.S.

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Real Estate Agent Real Estate Agents Sellers 384

Housing Wire

DECEMBER 16, 2022

After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. The last year has been a completely split housing market — one that started with the lowest inventory NAR has recorded dating back to 1999 and one with low mortgage rates. One projection for 2023 is an easier buying market for first-time buyers.

Buyers 470

Buyers Realtors Inventory Sellers 470

Housing Wire

MARCH 23, 2024

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. Purchase application data Purchase application data really moves on mortgage rates — something we saw in late 2022 and into 2023.

Mortgage 509

Mortgage Inventory New Listings Housing Market 509

Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. Mortgage interest rates The unrelenting Fed policies to combat inflation will eventually instigate an economic recession sometime in 2023. most likely by mid-year.

Housing Market 422

Housing Market Marketing Inventory Sellers 422

Housing Wire

MARCH 4, 2024

In many respects, 2023 was the year of the homebuilder. New construction accounted for approximately 30% of active for-sale housing inventory, doubling the usual figures for a standard year. They also boast advantageous relationships with land sellers and can command lower costs of debt.

Construction 353

Construction Inventory Sellers Buyers 353

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%. The call was that if mortgage rates rose above 7.25% , we would see more inventory growth — between 11,000-17,000 weekly. Now, we see the seasonal inventory decline. Weekly inventory change (Nov.

Mortgage 542

Mortgage Inventory New Listings Sellers 542

Housing Wire

DECEMBER 9, 2023

This happened even with higher home prices and higher mortgage rates in 2023. Weekly housing inventory data We will start with the price cut data percentage because it deserves a detailed explanation. Weekly housing inventory data We will start with the price cut data percentage because it deserves a detailed explanation.

Mortgage 529

Mortgage Inventory New Listings Sellers 529

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. The inventory put a cap on how much business Marquis’ team can do, which is one of the reasons why Marquis is now licensed in 22 states. In our market here in Boston, we have incredibly low inventory.

Inventory 356

Inventory Marketing Business Buyers 356

Housing Wire

NOVEMBER 30, 2023

Homebuyer traffic will increase in 2024, fueled by lower mortgage rates and more existing-home inventory. After a very difficult market for buyers who have had to contend with an atypical housing market in 2023, home shoppers will find more listings to choose from in 2024,” Lisa Sturtevant, Bright MLS chief economist, said in a statement.

Buyers 456

Buyers Housing Market Sellers Inventory 456

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). He also expects more sellers to enter the market, as they adapt to prolonged higher rates.

Real Estate 450

Real Estate Inventory Sellers Realtors 450

Housing Wire

NOVEMBER 2, 2023

Real estate agents are always looking for vetted, high-quality leads — and especially so during 2023 market conditions. Below, we evaluated several platforms to find the top eight lead generation providers agents can buy real estate leads from in 2023. While not exclusive, zBuyer shares leads with a maximum of six agents per area.

Real Estate 384

Real Estate Real Estate Agent Tools Agents 384

Housing Wire

DECEMBER 16, 2023

Weekly housing inventory data Weekly active listing data is declining now like it always does every year at this time due to seasonality. Higher mortgage rates resulted in higher inventory during part of the fall and forced the seasonal decline in inventory to start later this year. Weekly inventory change : (Dec.

Inventory 533

Inventory New Listings Mortgage Law 533

Housing Wire

JANUARY 6, 2024

Will the number of homes that take a price cut this year drop below 2023 levels? However, as home sales stabilized in 2023, so did this data line. 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.

Inventory 541

Inventory New Listings Housing Market Mortgage 541