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Housing inventory defied all predictions in 2023

Housing Wire

Traditionally, with the tracker articles, we talk about purchase application data and mortgage rates as well as inventory, but purchase app data isn’t given during the holiday week and not much happened in the bond market last week. What we want to see in 2024 is new listing data growing in the spring season.

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Logan Mohtashami on CNBC: How rates are impacting supply

Housing Wire

Using weekly data from Altos Research , Mohtashami showed that new listings have been trending at their lowest levels in history for the past 12 months. However, he noticed another notable decline in listing since mortgage rates really peaked above the 7% range.

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Housing inventory fell last week, but it won’t derail the spring bump

Housing Wire

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.

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Logan Mohtashami on CNBC: Why existing home sales are so low

Housing Wire

Using data from Altos Research , Mohtashami explained how new listings are trending at the lowest levels ever recorded. Mohtashami’s latest articles and podcasts on HousingWire include: What happened to the summer housing market? He also discussed Fitch ‘s downgrade of the U.S.

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Why fewer homes are taking a price cut, even while inventory rises

Housing Wire

While weekly inventory is still falling, we have year-over-year growth in total active listing and new listings data. For the first time in a while, this was a good week for new listing data. This calls into question a mortgage rate lockdown, as mortgage rates are also higher year over year.

Inventory 508
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Why higher rates aren’t crashing home prices

Housing Wire

That day, I wrote an article about how bad the home sales data was getting due to the affordability hit and that existing home sales should get down toward 4 million and below. This was a big deal, and the weekly Housing Market Tracker of new listing data was all over this. That is the next step of this process.

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Why home prices haven’t crashed even with high mortgage rates

Housing Wire

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.

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