Housing Wire

DECEMBER 30, 2023

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housing market and which factors to follow.

Inventory 492

Inventory New Listings Housing Market Mortgage 492

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? It’s not part of my 2024 forecast, but since the Federal Reserve likes playing with fire , let’s look at where we are with mortgage rates and their impact on weekly housing data. Serious mortgage rate talk!

Mortgage 506

Mortgage Inventory New Listings Housing Market 506

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. 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.

Inventory 409

Inventory New Listings Mortgage Housing Market 409

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. Last year, when mortgage rates headed toward 8% , we saw no negative hit to the latest listings data, meaning it didn’t take a new leg lower. 2022: 18.7%

Inventory 470

Inventory New Listings Mortgage Finance 470

Housing Wire

APRIL 19, 2024

year over year in the first quarter of 2024, with the median price hitting a record $1.225 million, according to data from Redfin. Redfin defined luxury homes as those estimated to be in the top 5% of their metro area based on market value, while non-luxury homes are those with estimated values in the 35th to 65th percentile.

Luxury Properties 412

Luxury Properties New Listings Buyers Housing Market 412

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. Here is a look at inventory last week: Weekly inventory change (Feb.

Inventory 532

Inventory Mortgage New Listings Housing Market 532

Housing Wire

NOVEMBER 21, 2023

Multiple offers, however, are still occurring, especially on starter and mid-priced homes, even as price concessions are happening in the upper end of the market.” At the same time, existing inventory has likely already bottomed out and new listings are keeping steady despite normal seasonal declines. from September, with 1.15

Inventory 381

Inventory Realtors New Listings Contracts 381

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

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 537

Inventory Mortgage New Listings Sellers 537

Housing Wire

DECEMBER 14, 2023

Mortgage rates fell below the 7% threshold this week as markets prepared for Federal Reserve Chairman Jerome Powell’s announcement on Wednesday. 14, according to Freddie Mac ‘s Primary Mortgage Market Survey. Meanwhile, new listing activity also inched up slightly in recent weeks, another good sign for homebuyers who have more options.

Mortgage 480

Mortgage New Listings Loan Officers Inventory 480

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

JANUARY 28, 2024

Purchase application data As we get closer to the end of the first month of 2024, forward-looking purchase application data looks good. Weekly new listing data: 2024: 44,921 2023: 42,843 2022: 47,713 Price cut percentage Every year, one-third of all homes take a price cut before selling — nothing abnormal about that.

Inventory 517

Inventory New Listings Mortgage Marketing 517

Housing Wire

NOVEMBER 29, 2023

In the ever-competitive real estate market, creating a consistent flow of real estate buyer leads is strategy for success. But beyond first-timers, we’ll show you how to attract real estate buyers of all kinds through a multi-tiered marketing approach that boosts both your visibility and credibility with potential buyers.

Real Estate 366

Real Estate Buyers Tools Real Estate Agent 366

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. According to an NAR outlook, home sales are projected to rise significantly in 2024 and 2025 as the housing market steadily returns to normal.

Contracts 450

Contracts Housing Market Construction Inventory 450

Housing Wire

JANUARY 13, 2024

So let’s hope for more home sellers in 2024. 6-13): Inventory rose from 471,349 to 473,406 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 is 569,898 For context, active listings for this week in 2015 were 931,002 I don’t want to jinx this because active inventory rose last year at this time. 2022 21.7%

Inventory 521

Inventory New Listings Retail Mortgage 521

Housing Wire

MARCH 9, 2024

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%. Weekly housing inventory data The positive story for housing in 2024 has been the inventory growth we have seen year-over-year. Let’s look at this week’s tracker data to get clues for the future.

Mortgage 445

Mortgage Inventory New Listings Housing Market 445

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. However, that hasn’t been the case so far in 2024. million active listings per the last report, we have 526,000 per our last Housing Market Tracker article. million in March.

Inventory 473

Inventory Housing Market New Listings Buyers 473

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 464

Inventory Marketing Housing Market New Listings 464

Housing Wire

SEPTEMBER 22, 2023

17, according to a new report from Redfin. This is pushing many prospective homebuyers to the sidelines until the market becomes healthier. 17, total active listings were at 806,701, down 16.2% However, new listings have stabilized, ticking up slightly since the beginning of September. New listings are down 6.7%

New Listings 425

New Listings Inventory Buyers Mortgage 425

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 387

Mortgage Sellers New Listings Buyers 387

Housing Wire

DECEMBER 9, 2023

Naturally, some people thought home prices would crash in 2023 as many market players said prices always follow volume. What 2023 data has shown me is that even with mortgage rates heading toward 8%, new listings data didn’t take a new leg lower — it stayed remarkably consistent all year long.

Mortgage 519

Mortgage Inventory New Listings Sellers 519

Housing Wire

FEBRUARY 22, 2024

22, an increase from last week ’s figure of 6.77%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday. 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.

Mortgage 397

Mortgage New Listings Housing Market Buyers 397

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 364

Sellers Appraisal Marketing New Listings 364

Housing Wire

NOVEMBER 18, 2023

Did the recent move lower in mortgage rates turn the housing market positive? Let’s see how this looks in the critical time from the second week of January to the first week of May 2024. Even though we saw a noticeable decline week to week, new listings are positive year over year, still trending at the lowest levels ever.

Mortgage 446

Mortgage Inventory New Listings Housing Market 446

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. However, with mortgage rates down to 7.32%, we need to keep a closer eye on the weekly data, especially going into spring 2024, if rates fall more. However, seasonality tends to rule the day eventually.

Inventory 523

Inventory Mortgage New Listings Buyers 523

Housing Wire

DECEMBER 7, 2022

Now, with five weeks of data in front of us, we can say they have stabilized the market. One issue that has created a waterfall dive in purchase application data and sales is that new listing data is declining faster than usual. For now, as long as mortgage rates head lower, that is a positive move for the housing market.

Housing Market 540

Housing Market Mortgage Marketing Inventory 540

Housing Wire

FEBRUARY 29, 2024

Meanwhile, new home sales , which are also a measure of contract signings, reached a seasonally adjusted annual rate of 661,000 in January, up 1.5% The job market is solid, and the country’s total wealth reached a record high due to stock market and home price gains,” NAR chief economist Lawrence Yun said in a statement.

Contracts 376

Contracts Inventory Realtors New Listings 376

Housing Wire

SEPTEMBER 3, 2023

Mortgage rates did fall, purchase application data rose and new listings data came back to trend. Weekly active listings rose by only 5,654 Mortgage rates went from 7.37% and ended the week at 7.08% Purchase apps rose 2 % week to week Mortgage rates and the bond market The 10-year yield and mortgage rates were wild last week.

Mortgage 448

Mortgage Inventory New Listings Marketing 448

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. 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. What a week! In Q3, the U.S. Weekly inventory change (Nov.

Mortgage 542

Mortgage Inventory New Listings Sellers 542

Housing Wire

NOVEMBER 9, 2022

But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care. Understanding this data line and what it is trying to tell you will be more valuable than erroneously thinking the market is crashing and we’ll see a wave of foreclosures.

New Listings 472

New Listings Inventory Housing Market Sellers 472

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 447

Inventory New Listings Mortgage Retail 447

Housing Wire

APRIL 24, 2024

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Real Estate 326

Real Estate Clients Tools Contracts 326

Sacramento Appraisal Blog

JANUARY 17, 2024

The spring market is awake. UPCOMING (PUBLIC) SPEAKING GIGS: 01/31/24 Joel Wright & Mike Gobbi Event 9am (on Zoom here) 02/01/24 Gateway Event (private) 2/09/24 PCAR WCR Event […] The post The spring housing market is waking up & random stats first appeared on Sacramento Appraisal Blog.

Housing Market 306

Housing Market Marketing Appraisal New Listings 306

Housing Wire

DECEMBER 16, 2023

As I have said before, given the history of economic cycles, when the market believes the Fed rate-hike cycle is over, bond yields will rally and mortgage rates will fall. This is what we see, and it’s much needed; we need more new listings and not fewer. Mortgage rates went from 7.10% to 6.62% and ended the week at 6.64%.

Inventory 534

Inventory New Listings Mortgage Law 534

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. Another positive data line is that the days on market are above 30 days, which is something I would love to see year-round. From NAR : Total existing-home elevated 3.1% million in January.

Inventory 429

Inventory Mortgage New Listings Marketing 429

Housing Wire

DECEMBER 21, 2022

In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NAR Chief Economist Lawrence Yun.

Inventory 508

Inventory New Listings Housing Market Sellers 508

Housing Wire

OCTOBER 28, 2023

Weekly housing inventory data Even though I haven’t been able to hit my target level of 11,000 -17,000 weekly inventory growth levels in 2023 with higher rates, it is clear that higher rates are doing their traditional work in creating more inventory growth by slowing the market down. Weekly inventory change (Oct.

Inventory 494

Inventory Mortgage New Listings Marketing 494