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Housing Market Tracker: Inventory drops by 11,000

Housing Wire

Weekly inventory fell much more than the previous two weeks, down 11,021; new listing growth had its lowest weekly calendar print for this previous week. The 10-year yield attempted to reach my peak forecast level for 2023 but failed to stay above 4%; we had over 7% mortgage rates for a day. million in 2023.

Inventory 447
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Existing home sales data shows extent of housing inflation

Housing Wire

Existing home sales have more legs to go lower, especially now that new listing data is falling. A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. million in August.”

Inventory 445
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Housing Market Tracker: Housing inventory falls once more

Housing Wire

Hopefully we get the seasonal inventory push sooner in 2023 than we did in the last two years, but thankfully, inventory is still higher this year than last year. 20-27, 2023): Fell From 472,122 to 465,654 Same week last year (Jan. 20-27, 2023): Fell From 472,122 to 465,654 Same week last year (Jan. Weekly inventory change (Jan.

Inventory 488
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Housing Market 2023: Is a Double-Digit Drop in Prices Coming?

Clear Capital

“The number of sales for the past 30 days is down 22% and new listings are down 18%.” VIEW ORIGINAL ARTICLE The post Housing Market 2023: Is a Double-Digit Drop in Prices Coming? Despite that, he said purchase demand seems to be incredibly rate sensitive, as loan applications spike when rates fall below 7%. “We

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The standoff between homebuyers and sellers

Housing Wire

We’ve seen a massive price and payment inflation event with pricing still rising and the biggest mortgage rate increase in a single year in recent modern-day history. Even though total inventory is near all-time lows and we are going to start 2023 with historically low inventory, it doesn’t mean that pricing doesn’t matter.

Sellers 498
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The savagely unhealthy housing market is over

Housing Wire

This facilitated the biggest decline in existing home sales for a single year that we will ever see in modern-day history due to the high level of sales in January of 2022. Since the end of June last year, when rates went above 6%, new listing data has declined, and this last week we hit a weekly new all-time low for the previous week.

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28 real estate circle prospecting ideas, tips, tools & scripts

Housing Wire

This area could be around a new listing, a recently sold property, or any other geographic location, such as an up-and-coming neighborhood, the area in which they live, or even an area selected based on price point. Using technology Modern circle prospecting often involves the use of technology.