Housing Wire

FEBRUARY 27, 2023

We created the weekly Housing Market Tracker because housing data has been so wild since 2020. The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. A traditional seller is a conventional buyer most of the time.

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Housing Wire

MAY 7, 2023

Just when I thought it was safe to say we were getting more traditional spring housing inventory , we hit a snag last week, as active inventory and new listings declined. However, one thing is for sure, housing is not going to crash due to large-scale panic-selling — a scare tactic of late 2021 that didn’t work then or now.

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Housing Wire

MARCH 26, 2023

The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. In a regular market, they would be closer to 5.25%.

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Housing Wire

DECEMBER 3, 2020

Even prior to the pandemic , housing inventory had hit record lows, and the problem has only gotten worse as demand continues to rise. Total home sales are outpacing new listings by a wide margin every month, and real estate tech company Homesnap foresees the shortage continuing in 2021 unless more sellers enter the market.

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Housing Wire

JULY 2, 2023

We have often discussed that the housing market dynamics changed starting Nov. The other big story with housing inventory is that new listing data has been trending negative year over year since the end of June 2022. We had new listings growth from 2021 to 2022, but that’s not the case this year.

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Housing Wire

JULY 29, 2022

A few months ago, the United States housing market failed Econ 101. metropolitan areas in February 2022, based on year-over-year growth in median listing price according to the residential real estate listing website, Realtor.com. The table also reports the year-over-year percent change in new listings for each market.

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Housing Wire

JUNE 25, 2023

I would feel much better about the inventory situation if we added an additional 3,000-8,000 houses to the weekly data line from current levels. However, the real positive story here is that even with new listing data trending at an all-time low, we are getting the growth in active listings we traditionally see in the spring and summer.

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Housing Wire

JANUARY 9, 2023

The housing market saw inventory fall 4% last week from the week before. Traditionally, we do see housing inventory fall in the month of December, however, we clearly saw in the second half of 2022 that higher rates created more days on the market and inventory was lingering longer. That’s a big one-week change.

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Housing Wire

FEBRUARY 6, 2023

Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. Let’s dive into the trend lines of the housing market. The show-me part of the housing market starts with this bounce from an extreme bottom. Weekly inventory change (Jan.

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Housing Wire

SEPTEMBER 15, 2023

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. of homes that went under contract that month, according to a new report from Redfin. A lot of sellers are also willing to let buyers slip away because they don’t want to concede to repair requests,” Morre said.

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Housing Wire

MAY 21, 2021

Nearly 50% of homes sold for more than their list price during the four weeks ending May 16, but there are signs that housing market demand may be reaching its peak, according to a recent study from Redfin. Regional numbers also reflect the enormous difference in housing market demand from April 2020.

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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

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Housing Wire

JANUARY 16, 2023

The weekly data shows some good news for the housing market ! With mortgage rates also falling, I am hopeful that more people will list their homes and buy another, so we can get back to a more functional housing market. This is good news for the housing market. The week ahead.

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Housing Wire

DECEMBER 28, 2022

This article is part of our 2022-23 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. months nationally.

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Sacramento Appraisal Blog

FEBRUARY 7, 2023

There is so much talk about buyers sitting on the sidelines right now, but let’s talk about sellers who are also sitting. This is a local trend, but it’s something showing up in many markets across the country also.

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Housing Wire

MARCH 19, 2023

The housing market was crazy again last week. Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? Weekly inventory increased by 1,734. I am hoping it’s just a one-week event.

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Housing Wire

MAY 20, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. The market is just insane,” she said. “I

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Housing Wire

JULY 28, 2023

New listings of starter homes dropped 23% from a year earlier in June, the biggest drop since the start of the pandemic, the report found. Meanwhile, the total number of starter homes on the market is down 15%, also the biggest drop since the start of the pandemic. Austin buyers must earn $92,000, down 3.3%

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Housing Wire

APRIL 19, 2024

High-end buyers tend to be more immune to mortgage rate fluctuations and flock to the luxury housing market. A surge in new listings of luxury homes was not enough to curb the price growth associated with rising demand. New listings of luxury homes soared 18.5% Buyers are looking for that again.

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Housing Wire

APRIL 15, 2024

Competition in the housing market is heating up heading into May and June. metros, with coastal California cities and Seattle leading the charge in monthly home value growth, according to Zillow’s newest market report. These metros also continue to grapple with below-average inventory recovery, maintaining pressure on buyers.

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Housing Wire

NOVEMBER 18, 2022

“The impact is greater in expensive areas of the country and in markets that witnessed significant home price gains in recent years.”. Both a pullback in demand and limited supply remain vexing problems for the housing market. Total housing inventory at the end of October was 1.22 million units, which was down 0.8%

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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

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Housing Wire

FEBRUARY 14, 2024

The housing market is heating up as the spring buying season approaches. Well-priced homes are selling fast, often within 29 days, and that time frame is bound to shorten as the shopping season opens, according to Zillow ’s January market report. Total inventory was up more than 3% from January 2023. year over year.

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Housing Wire

JULY 16, 2021

Homes sold for their highest prices and at their fastest pace on record, but measures for market speed and competition seem to be at or near peak levels for this year, said Daryl Fairweather, Redfin’s chief economist. “In June we entered a new phase of the housing market,” Fairweather said.

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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. million active listings per the last report, we have 526,000 per our last Housing Market Tracker article. This is never a good thing for housing.

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Housing Wire

MAY 28, 2021

Diving deeper, for the two week period ending May 9, 2021, 57% of homes that went under contract had an accepted offer within the first two weeks on the market. But until then, the housing market will remain red-hot.” ” How real estate agents can alleviate consumer pain points in a tight market.

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Housing Wire

NOVEMBER 16, 2020

According to multiple real estate agents and mortgage brokers, low interest rates and a high percentage of “essential” jobs in their town has kept the housing market and local economy strong. The city’s housing dynamics point to strong buyer demand, which fueled a 16.8% Combined with interest rates that began around 2.5%

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Housing Wire

MARCH 6, 2023

The three-pronged challenge of inventory shortages, unaffordable housing and rising interest rates kept home prices more moderate, as supply can’t match demand, the report said. in recent months due to a combination of falling demand and a weakening inflow of new listings. Months of supply stagnated at about 3.1

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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. You can see our debate on this topic here.

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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. Job additions and income growth will further help with housing affordability, but increased supply will be essential to satisfying all potential demand.”

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Housing Wire

MARCH 6, 2024

Armed with data from HousingWire sister company Altos Research , we can see in minute detail how the housing market responded to the recent 7%-and-higher rate environment and what the market may see again soon. In times when mortgage rates shoot up, the share of withdrawn listings grows; the reverse is also true.

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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.

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Housing Wire

FEBRUARY 26, 2024

On the demand side, buyers are wary of purchasing a condo since it has become less affordable. In Jacksonville, the median condo price declined roughly 7% year over year in January, sales declined 27% and new listings increased 32%. It’s causing buyers to rethink their plans.”

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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%

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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.

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Housing Wire

JANUARY 20, 2023

housing market , we just experienced an event that most people never thought could happen. From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun. During that period, we saw new listing data decline.

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Housing Wire

SEPTEMBER 13, 2022

Typically we have a natural set of new listings each year; inventory rises in the spring and summer and then falls in the fall and winter. However, we have entered a tricky period in housing economics where we might have to take this premise more seriously since mortgage rates recently got as low as 2.5% The parts of the U.S.

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