Housing Wire

MARCH 16, 2024

I can’t see the 10-year yield below 3.37% unless the labor market breaks — meaning jobless claims over 323,000 on the four-week moving average. That means I can’t see mortgage rates going below 6%, especially with the spreads being bad, until the labor market or the economy gets weaker. I know it’s not a lot, but growth is growth.

Housing Market 438

Housing Market Inventory New Listings Marketing 438

Housing Wire

APRIL 23, 2023

Can we now say that the housing market ‘s spring selling season is finally underway? Still, we have some promising signs that we might have finally hit the inventory bottom for 2023. Here’s a quick rundown of the last week: Active listings rose by 8,546 , and new listing data showed some growth.

Inventory 543

Inventory Housing Market Marketing New Listings 543

Inman

FEBRUARY 5, 2024

In January, the real estate market saw a 17.5 percent decline in net new listings and a 2 percent decrease in contract signings, driven by mortgage rate fluctuations, according to HouseCanary.

New Listings 145

New Listings Contracts Inventory Real Estate 145

Housing Wire

APRIL 5, 2024

The number of first-time homebuyers made up 32% of all buyers in 2023, according to a report released by the National Association of Realtors. Against that backdrop, Zillow identified prime markets for first-time homebuyers , and half of them were nestled in the Midwest. .

Housing Market 380

Housing Market Marketing Training New Listings 380

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. Here are some weekly numbers to see the difference in new listings from past years over the same week.

Inventory 522

Inventory Housing Market Marketing New Listings 522

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. Here’s a quick rundown of the last week: Active listing rose 8,260 week to week, down a bit from last week’s gain, but I’m not complaining — anything on the plus side is positive.

Inventory 513

Inventory Housing Market Marketing New Listings 513

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. New listing data was trending at all-time lows in 2021 abd 2022 and now it’s creating a new all-time low trend in 2023.

Inventory 486

Inventory Housing Market Marketing New Listings 486

Housing Wire

JULY 9, 2023

This is truly a savagely unhealthy housing market as we have too many people chasing too few homes. The weekly active listing data had a rare week-to-week decline. The other big story in housing has been that new listing data has been trending at the lowest levels recorded in history for 12 months. If we start from 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. And purchase apps had a weekly negative print, continuing the 2023 theme of higher rates impacting the data. However, at this time last year, we saw some new listings growth versus 2021 levels.

Housing Market 482

Housing Market Marketing Inventory New Listings 482

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 506

Mortgage Inventory New Listings Housing Market 506

Housing Wire

JUNE 11, 2023

Weekly housing inventory We have two big housing inventory themes in 2023 that must be discussed. Still, at least we have had some of the traditional seasonal inventory growth in 2023, giving us more inventory than last year. but it needs weakness in demand and days on market to grow so inventory can accumulate.

Inventory 480

Inventory Housing Market Marketing New Listings 480

Housing Wire

APRIL 20, 2024

Of course, what is different this year versus last year is that new listing data is growing yearly instead of trending at the lowest levels recorded in history. However, 2023 tested my model as the inventory growth rate on a week-to-week basis was slow, even when rates headed toward 8%. 2022: 18.7%

Inventory 470

Inventory New Listings Mortgage Finance 470

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. million in 2023. million in 2023. This is also a four-decade low in inventory before COVID-19.

Inventory 432

Inventory Housing Market Marketing New Listings 432

Housing Wire

JULY 30, 2023

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. Instead, new listings data had a small decline last week.

Housing Market 345

Housing Market Marketing Inventory New Listings 345

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 406

Inventory Housing Market Marketing New Listings 406

Housing Wire

JULY 2, 2023

We have often discussed that the housing market dynamics changed starting Nov. As you can see in the chart below, 2023 inventory growth is very slow compared to 2022. The other big story with housing inventory is that new listing data has been trending negative year over year since the end of June 2022.

Inventory 452

Inventory Housing Market Marketing New Listings 452

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. However, the markets were closed Friday, so we have to wait and see how trading goes on Monday. What have 2022, 2023, and 2024 shown us? 2022: 17.2%

Inventory 409

Inventory New Listings Mortgage Housing Market 409

Housing Wire

JULY 23, 2023

The slow rise of housing inventory this year has made the existing home sales market savagely unhealthy again. But last week did see some growth in active listings, even though it’s less than I was hoping for. Can we keep this up before the seasonal decline of active listings?

Inventory 357

Inventory Housing Market Marketing New Listings 357

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.

Inventory 427

Inventory New Listings Mortgage Housing Market 427

Housing Wire

APRIL 3, 2023

Last week was relatively calm for the housing market after the fiasco of the banking crisis. Active inventory fell by 3,141, and new listing data fell again and is still trending at all-time lows. The banking crisis has stressed the mortgage backed securities market , pushing rates higher than usual.

Inventory 474

Inventory Housing Market Marketing New Listings 474

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%. Mortgage rates fell, but the bond market didn’t break what I see as a critical level, so for now, stabilization is more important. Last week’s housing market data provided mixed news.

Housing Market 505

Housing Market Marketing Inventory New Listings 505

Housing Wire

FEBRUARY 17, 2024

Will mortgage rates break toward 8% again, making another 2024 data line that looks like a carbon copy of 2023? We are approaching a critical technical level on the 10-year yield that can cause market drama for mortgage rates. We have bounced from the 3.80% area twice, once in late 2023 and early 2024.

Mortgage 506

Mortgage Inventory New Listings Housing Market 506

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 439

Inventory Housing Market Marketing Mortgage 439

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

JULY 16, 2023

In my 2023 forecast , I said that if the economy stays firm, the 10-year yield range should be between 3.21% and 4.25% , equating to mortgage rates between 5.75% and 7.25%. The labor market remains healthy as long as jobless claims trend below 323,000 on the four-week moving average. Since Nov.

Housing Market 365

Housing Market Marketing Inventory New Listings 365

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 540

Inventory New Listings Housing Market Mortgage 540

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 ? 18: 60,295 Aug.

Inventory 462

Inventory New Listings Housing Market Mortgage 462

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. In a typical marketplace, the days on market are more than 30 days.

Housing Market 404

Housing Market Marketing Inventory 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 521

Inventory Housing Market Marketing New Listings 521

Housing Wire

FEBRUARY 10, 2024

So far in 2024, fewer homes are taking price cuts than in 2023, and this trend is on the verge of breaking below the 2023 lows in price cuts percentages. While weekly inventory is still falling, we have year-over-year growth in total active listing and new listings data.

Inventory 504

Inventory New Listings Retail Mortgage 504

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. As I write this article, I see news that even Warren Buffet has been asked to chime in on how to deal with this crisis. This bond market is screaming at the Fed to cut rates.

Housing Market 370

Housing Market Marketing Inventory New Listings 370

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. This assumes the spreads are wide as the mortgage back securities market is still very stressed. Already, the future pricing of a.50%

Housing Market 369

Housing Market Mortgage Marketing Inventory 369

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. Weekly inventory change (Nov.

Mortgage 542

Mortgage Inventory New Listings Sellers 542

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. Most home sellers are buyers, and we want the new listings data to show growth year over year since it appears that we have formed a bottom in 2023. Weekly inventory change (Nov.

Inventory 523

Inventory Mortgage New Listings Buyers 523

Sacramento Appraisal Blog

MAY 2, 2023

Sellers have been sitting out of the housing market, and it’s made a massive difference in 2023 so far. Today I want to show what’s happening with new listings and talk about concessions. I hope this is useful, whether you’re local or not. Scroll by topic or digest slowly.

Sellers 250

Sellers Housing Market Buyers Marketing 250

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.

Inventory 375

Inventory Housing Market Mortgage Marketing 375

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 537

Inventory Mortgage New Listings Sellers 537