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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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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.

Inventory 464
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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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Why are existing home prices rising when sales are still so low?

Housing Wire

The one thing that is positive this year which is different than last year is new listing data is rising year over year, nothing spectacular, but it’s a positive story for housing This means we have more sellers that will be buyers in 2024. NAR tracks inventory different than we do here at HousingWire: they have 1.11

Inventory 483
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Why purchase application data is below 2008 levels

Housing Wire

NAR total inventory data 1,250,000 One thing about purchase application data and demand is that a traditional seller is typically a buyer of a home. Since the end of June, we have seen that the home seller called it quits earlier this year than usual, and now the new listing data is negative year to date.

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How will mortgage rates impact seasonal inventory in 2024?

Housing Wire

New listings were trending at the lowest levels ever in 2023, but that should not be the case in 2024. Never forget most sellers are buyers of homes as well, especially if the economy isn’t in a job loss recession. Never forget most sellers are buyers of homes as well, especially if the economy isn’t in a job loss recession.

Inventory 513
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How to set up your real estate database for referral success

Housing Wire

First, we’ll make sure you’re set up correctly and understand how to maximize your database, then we’ll get into the 12-month plan in future articles. FACT : When you look at that amazing new listing that just hit the market and you see the listing agent and ask, “How did that agent get that listing?!”