Housing Wire

MAY 8, 2024

Since most sellers are buyers, inventory should be stable if demand is stable. So inventory slowly broke lower and lower as we came into the years 2020-2024. These years have seen the most enormous housing demographic patch ever recorded in history, with ages 28-35 being massive. Demographics also play a role here.

Inventory 447

Inventory Law New Listings Sellers 447

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

Housing Wire

DECEMBER 7, 2022

million, the equilibrium balance between a buyer and seller marketplace that has been here for four decades. One issue that has created a waterfall dive in purchase application data and sales is that new listing data is declining faster than usual. Total inventory levels. NAR: Total Inventory levels 1.22

Housing Market 544

Housing Market Mortgage Marketing Inventory 544

Housing Wire

DECEMBER 14, 2023

“Given inflation continues to decelerate and the Federal Reserve Board’s current expectations that they will lower the federal funds target rate next year, we likely will see a gradual thawing of the housing market in the new year,” Sam Khater, Freddie Mac’s chief economist said in a statement.

Mortgage 485

Mortgage New Listings Loan Officers Inventory 485

Housing Wire

MAY 3, 2024

As the spring selling season kicks off, many educated sellers know that buyers are experiencing spring fever and are tired of sitting on the fence watching home prices increase. In Denver in particular, new listings increased 29.12% month-over-month and 22.63% year-over-year. With only 1.3

Inventory 350

Inventory Lending Real Estate Housing Market 350

Housing Wire

MARCH 9, 2024

Mortgage rates and the 10-year yield The 10-year yield is the key for all my housing work, so I focus on it religiously. In my 2024 forecast , I put the 10-year yield range between 3.21%-4.25% , with a critical line in the sand at 3.37%. Let’s look at this week’s tracker data to get clues for the future.

Mortgage 477

Mortgage Inventory New Listings Housing Market 477

Housing Wire

MARCH 6, 2024

But with mortgage rates ascending past 7% according to HousingWire’s Mortgage Rates Center , those hopes have so far been dashed in 2024. This is clear in the chart below, which shows the year-over-year percent change in the four-week average of new listings. 31% in 2023-2024. in 2019-2020, 16.9-17.2%

Mortgage 422

Mortgage Sellers New Listings Buyers 422

Housing Wire

JANUARY 20, 2024

Housing inventory, new listing data and mortgage rates are all rising, but the price cut data percentages are falling. So far, so good in 2024. New listings data While new listings data isn’t growing in significant terms year over year — sorry, silver tsunami crowd — it is showing growth year over year.

Inventory 541

Inventory Mortgage New Listings Sellers 541

Housing Wire

SEPTEMBER 22, 2023

Combined with elevated mortgage rates, monthly housing payments are at an all-time high. This is pushing many prospective homebuyers to the sidelines until the market becomes healthier. Adding to buyers’ affordability pain, median home prices rose 3.4% 17, total active listings were at 806,701, down 16.2%

New Listings 451

New Listings Inventory Buyers Mortgage 451

Housing Wire

FEBRUARY 22, 2024

“Strong incoming economic and inflation data has caused the market to re-evaluate the path of monetary policy, leading to higher mortgage rates,” Sam Khater, Freddie Mac’s chief economist, said in a statement. Historically, the combination of a vibrant economy and modestly higher rates did not meaningfully impact the housing market.

Mortgage 429

Mortgage New Listings Housing Market Buyers 429

Housing Wire

JANUARY 13, 2024

So let’s hope for more home sellers in 2024. Weekly housing inventory data Here is a look at the first week of the year: Weekly inventory change (Jan. This is the price-cut percentage for the same week over the last few years: 2024 32.2% We can grow new listings from these depressed levels and get more demand.

Inventory 531

Inventory New Listings Retail Mortgage 531

Housing Wire

DECEMBER 9, 2023

9): Inventory fell from 550,302 to 536,409 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 so far is 569,898 For context, active listings for this week in 2015 were 1,050,971 The new listing data has been trending at the lowest levels ever for 17 months now. Weekly inventory change (Dec.

Mortgage 531

Mortgage Inventory New Listings Sellers 531

Housing Wire

NOVEMBER 18, 2022

On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. I cheer because the savagely unhealthy housing market theme I talked about back in February of this year was the same premise of the housing reset talking point the Federal Reserve uses.

Inventory 473

Inventory Marketing Housing Market New Listings 473

Housing Wire

NOVEMBER 9, 2022

In the previous expansion, one of my long-term calls was that the MBA purchase application data will never hit the volume level of 300 until the years 2020-2024. The years 2020-2024 were going to be the time when total home sales could finally reach 6.2 However, the housing market did run into one problem in 2020.

New Listings 492

New Listings Inventory Housing Market Sellers 492

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

FEBRUARY 29, 2024

.” Lower mortgage rates buoyed buyer demand in early 2024, but rates started to inch back up toward 7% in February. We expect future pending home sales to improve over last year’s levels, though at a muted pace, given the pull-back in new listing growth,” CoreLogic chief economist Selma Hepp said in a statement. “We

Contracts 412

Contracts Inventory New Listings Realtors 412

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

NOVEMBER 11, 2023

We saw some good growth this week, and hopefully, in 2024, we can close the gap and get back to 2021-2022 data on new listings. We saw some good growth this week, and hopefully, in 2024, we can close the gap and get back to 2021-2022 data on new listings. Weekly inventory change (Nov. If we start from Nov.

Inventory 478

Inventory New Listings Mortgage Retail 478

Housing Wire

DECEMBER 2, 2023

Mortgage rates almost fell below 7%, the 10-year yield is below 4.25% again, and people are seriously talking about Fed rate cuts in 2024. One concern with higher mortgage rates was that more sellers — who are traditional buyers — would not list their homes. What a week! Purchase application data Hello, early Christmas present!

Mortgage 543

Mortgage Inventory New Listings Sellers 543

Sacramento Appraisal Blog

JANUARY 30, 2024

But in 2024 there’s a flicker of hope as sellers have thawed out just a bit. I’ll explain what I mean below, and I suspect many markets around the country are experiencing a similar trend. Stuck in place. Not moving. That pretty much describes sellers. Any thoughts?

Sellers 362

Sellers Appraisal Marketing New Listings 362

Housing Wire

SEPTEMBER 22, 2022

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. . With the home-price growth we had in 2020 and 2021, my five-year price-growth model that I set for 2020-2024 of 23% was already smashed in just two years.

Inventory 457

Inventory Housing Market New Listings Mortgage 457

Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” But as the calendar flipped to 2024 and as we inch closer to the spring selling season, Fischer said things have started to pick up. in mid-January 2024. Altos considers anything above a reading of 30 to be a seller’s market.

Housing Market 430

Housing Market Marketing Inventory Construction 430

Housing Wire

FEBRUARY 7, 2024

This was likely a reflection of the prolonged decline in vacant homes for sale, which made it difficult for would-be buyers to find a home to purchase. In 2022, the Federal Reserve began taking action to combat these market forces by raising interest rates, starting the second cycle of inventory changes.

Inventory 419

Inventory Sellers Mortgage Marketing 419

Housing Wire

FEBRUARY 23, 2024

Our data lines here at Housing — which track things weekly — show inventory is growing year over year with new listings growth as well. This means 2024 is starting to look a lot like 2023 unless rates fall soon. From NAR : Total existing-home elevated 3.1% from December to a seasonally adjusted annual rate of 4.00

Inventory 460

Inventory Mortgage New Listings Marketing 460

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At as of March 6, 2024. There is nothing to show.”

Housing Market 428

Housing Market Buyers Agents Marketing 428

Housing Wire

APRIL 25, 2024

“I called the listing agent and it was listed three hours ago, but it was sold,” the Cincinnati, Ohio -based eXp Realty agent said. “We There is no way you can stay on top of things unless you hire someone to watch new listings pop up every 10 minutes. Buyers are really struggling.” We couldn’t even see it.

Buyers 414

Buyers Marketing Inventory Investors 414

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 430

New Listings Realtors Real Estate Inventory 430

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.

Housing Market 425

Housing Market Marketing Logistics Real Estate 425

Housing Wire

JANUARY 29, 2024

Most economists forecast mortgage rates to decline in 2024, stoking optimism about the housing market. According to the newest Bloomberg Markets Live Pulse Survey (MLIV Pulse), the rate on the 30-year fixed mortgage will fall to 5.5% On the bright side, new listings rose 2.2% by the end of this year.

Mortgage 415

Mortgage Inventory Investors New Listings 415

Housing Wire

AUGUST 3, 2022

The question is, can lower mortgage rates save the housing market from its recent downtrend? This is why I focused my readers on the years 2020-2024, because if home prices only grew by 23% over five years, we would be ok. We see some of this in the active listing data as new listings are declining.

Mortgage 504

Mortgage Inventory Sellers Housing Market 504

Housing Wire

MARCH 29, 2024

It is nearly April, which means temperatures in the Austin metropolitan area are heating up — and so is the housing market. The market is still strong,” said Wendy Cash, a broker at Austin area-based Century 21 Hellmann Stribling. Buyers are still buying and sellers are still selling.

Housing Market 398

Housing Market Agents Marketing Inventory 398

Housing Wire

FEBRUARY 21, 2023

Last June, the Federal Reserve said it wanted a housing reset , which meant it wanted higher mortgage rates to destroy the housing market. Today, the Federal Reserve achieved its primary goal; the days on the market are now above 30 days, which was the most important data line to get housing back to somewhat normal.

Housing Market 410

Housing Market Marketing Inventory Buyers 410

Appraisal Today

MARCH 8, 2024

I’m always looking for something new = Shifting Tides in the Housing Market: A February 2024 Perspective By Kevin Hecht Excerpts: As we navigate through the early months of 2024, the U.S. housing market presents a landscape of contrasts and evolving dynamics. Is The Housing Market OK?

Appraisal 81

Appraisal Contracts Real Estate Housing Market 81

Housing Wire

SEPTEMBER 19, 2023

It’s not unusual for a little jump in new listings in September. Buyers early in 2023 had slightly lower rates than now and were optimistic that mortgage rates would go lower still. This “higher for longer” conventional wisdom is working its way through the housing market. This is a trend worth watching.

Housing Market 440

Housing Market Marketing Inventory New Listings 440

Housing Wire

APRIL 1, 2024

But now sellers are coming back into the market. New listing volume last week was 18% more than a year ago. All of these signals point to rising home sales in 2024. NAR reported 33% all cash buyers, which is the most since 2014 when buyers were still cleaning up distressed properties. is $439,900.

Inventory 466

Inventory New Listings Contracts Sellers 466

Housing Wire

JANUARY 8, 2024

Based on the trends we can see after the start of the year, I’ll project 2024 will see about 15% home sales growth over 2023. These are very clear trends as we start the new year. But, 2024 is starting stronger than last year. But, 2024 is starting stronger than last year. So the sales rate is already growing for 2024.

Real Estate 496

Real Estate Marketing Inventory New Listings 496

Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I Smith attributes the uptick in inventory to a bump in new listings.

Insurance 402

Insurance Inventory Marketing Real Estate 402