Housing Wire

MARCH 26, 2023

These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. Active inventory fell 1,109, and new listing data made a lovely comeback week to week but was still noticeably down year over year. In a regular market, they would be closer to 5.25%. million.

Inventory 450

Inventory Housing Market Marketing Mortgage 450

Housing Wire

APRIL 6, 2022

Additionally, home price appreciation and insufficient for-sale inventory are holding back purchase activity. . The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $647,200) increased to 4.90% from 4.80%. Meanwhile, the seasonally adjusted purchase index decreased 3.4%

Inventory 421

Inventory Mortgage Retail Contracts 421

Housing Wire

MAY 27, 2021

Like new and existing sales, pending home sales felt the strain of exhausted home inventory in April ? Contract signings are approaching pre-pandemic levels after the big surge due to the lack of sufficient supply of affordable homes,” said Lawrence Yun, NAR’s chief economist. dropping 4.4% from the previous month to an index of 106.2,

Inventory 441

Inventory Realtors Contracts Marketing 441

Appraisal Buzz

AUGUST 10, 2022

homes that were listed for 30 days or longer without going under contract increased 12.5% of for-sale homes were on the market for at least 30 days, up from … The post ‘Stale’ Housing Inventory Rises in July appeared first on DSNews. The post ‘Stale’ Housing Inventory Rises in July appeared first on Appraisal Buzz.

Inventory 195

Inventory Contracts Brokerage Real Estate 195

Housing Wire

DECEMBER 2, 2021

Zillow said Thursday that more than 50% of its remaining iBuying inventory “has sold, is under contract to sell or has reached agreement on disposition terms.”. The over 50% inventory being moved is more than half of the 18,000 number, a company spokesperson said Thursday. billion as of Sept.

Inventory 432

Inventory Real Estate Agent Investors Market Value 432

Housing Wire

JUNE 29, 2024

Housing inventory is growing, but national home prices aren’t dropping dramatically, as the recent S&P CoreLogic Case Shiller index clearly showed. The last time we had a stressed seller market was when national home prices crashed in 2008-2011 and even with more inventory , we’re nowhere close to those levels.

New Listings 415

New Listings Inventory Contracts Sellers 415

Housing Wire

APRIL 14, 2021

from the week ending April 2, with rising mortgage rates and low inventory contributing to the slowdown and leading to a decline in purchase mortgage activity, said Joel Kan, MBA’s associate vice president of economic and industry forecasting. It’s the sixth consecutive week of falling mortgage applications. Applications were down 3.7%

Inventory 306

Inventory Mortgage Contracts 306

Housing Wire

JUNE 22, 2024

Weekly housing inventory data Inventory hit another one of my target levels this week, making it four times this year! My rule of thumb has been that inventory should have some weekly positive prints between 11,000 and 17,000 as long as rates are above 7.25%. Last week we saw positive inventory growth of 13,593 !

Mortgage 452

Mortgage Inventory New Listings Contracts 452

Housing Wire

JUNE 27, 2024

An index of 100 is equal to the level of contract activity in 2001. Pending sales are a forward-looking indicator of home sales based on contract signings, so two consecutive months of declining pending home sales suggest a negative outlook for sales activity,” Odeta Kushi , First American’ s deputy chief economist, said in a statement.

Inventory 485

Inventory Contracts Realtors Buyers 485

Appraisal Buzz

JUNE 27, 2024

Indicator of prospective home sales based on contract signings, the Pending Home Sales Index (PHSI) dropped to 70.8 The level of contract activity in 2001 is represented by an index of 100. A continued dearth of inventory, high home prices and stable mortgage interest rates have kept would-be home buyers at bay this spring.”

Contracts 418

Contracts Inventory Buyers Mortgage 418

Housing Wire

JUNE 8, 2024

Weekly housing inventory data I can’t stress enough that the best story for 2024 has been that active inventory and new listing data is growing. We desperately needed to get off these record lows in inventory and create a buffer for breathing room when rates fall. This week, we only hit 6,674.

Mortgage 496

Mortgage Inventory New Listings Contracts 496

Housing Wire

JULY 23, 2024

of homes that went under contract. In spite of rapidly rising inventory, high prices and mortgage rates are still keeping buyers at bay. Record-high home prices and elevated mortgage rates are prompting buyers to back out of home purchase agreements at elevated levels. But it’s not the highest percentage ever. of purchase agreements.

Buyers 431

Buyers HOA Property Taxes Inspection 431

Housing Wire

MARCH 28, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. Ongoing job gains are clearly increasing demand along with more inventory.” from January to February due to steadily growing inventory. Overall, active inventory grew 14.8% higher than one year ago. higher than one year ago.

Inventory 458

Inventory Realtors Contracts Sellers 458

Housing Wire

OCTOBER 26, 2023

Despite the slight gain, pending contracts remain at historically low levels due to the highest mortgage rates in 20 years,” Lawrence Yun, NAR chief economist said in a statement. Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated.” Year over year, all four regions saw declining transactions.

Inventory 409

Inventory Contracts Housing Market Realtors 409

Housing Wire

MAY 30, 2024

“The impact of escalating interest rates throughout April dampened home buying, even with more inventory in the market,” NAR chief economist Lawrence Yun said in a statement. New-home sales , which are also based on contract signings, fell 4.7% New-home sales , which are also based on contract signings, fell 4.7% In March , U.S.

Real Estate Agent 528

Real Estate Agent Inventory Realtors Buyers 528

Housing Wire

AUGUST 30, 2023

An index of 100 is equal to the level of contract activity in 2001. “The small gain in contract signings shows the potential for further increases in light of the fact that many people have lost out on multiple home buying offers,” said NAR Chief Economist Lawrence Yun.

Inventory 421

Inventory Contracts Buyers Realtors 421

Appraisal Buzz

OCTOBER 28, 2021

Month-over-month, contract signings fell 2.3% The post Inventory Begins to Fall as 2021 Comes to a Close appeared first on DSNews. The post Inventory Begins to Fall as 2021 Comes to a Close appeared first on Appraisal Buzz.

Inventory 150

Inventory Contracts Appraisal 150

Housing Wire

MAY 18, 2024

The moves haven’t been significant and our weekly pending contracts data picked up this week. Weekly housing inventory data For the third consecutive week, we haven’t quite reached my weekly target of inventory growth between 11,000 and 17,000 homes. When mortgage rates increase, demand falls and the price-cut percentage grows.

New Listings 485

New Listings Inventory Mortgage Contracts 485

Appraisal Buzz

JUNE 17, 2024

Two in Five Listings Lingering on the Market for 60+ Days In May, two out of every five residences on the market (40.1%) had been listed for at least two months without getting under contract. Metro-Level Highlights: Unsold Inventory May 2024 The top 10 U.S. That is steady from a year ago and up from 27.8% two years ago.

Marketing 431

Marketing Inventory Contracts New Listings 431

Appraisal Buzz

JULY 12, 2024

Now is a good time–at least compared to the recent past–for serious house hunters to get under contract on a home,” said Daryl Fairweather, Chief Economist at Redfin. Compared to 28% two years prior, 40% of the residences on the market had been listed for at least two months without receiving a contract. overall and by 7.3%

Buyers 370

Buyers Contracts Inventory Sellers 370

Housing Wire

FEBRUARY 29, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. 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% Overall active inventory improved 7.9% from December’s annualized rate.

Contracts 431

Contracts Inventory Realtors New Listings 431

Housing Wire

JUNE 12, 2024

Multiple data sources are now indicating that home inventory levels , while still historically low, are up significantly from last year at this time. The average contract interest rate for 5/1 ARMs increased to 6.45% from 6.37% with points increasing to 0.81 The FHA share of total applications decreased to 13.1% from 13.2%

Business 439

Business Mortgage Contracts Inventory 439

Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. The Northeast was the only region to see a decline in contract signings, with a drop of 3% month over month and 3.9%

Contracts 458

Contracts Housing Market Construction Inventory 458

Housing Wire

JULY 20, 2024

We finally have six weeks of numbers that hit my housing inventory growth model perfectly in 2024. Last year, with higher mortgage rates , we had zero weeks at this level so I am now giving 2024 inventory growth a grade of A. have higher inventory than the national data.

Inventory 522

Inventory New Listings Contracts Mortgage 522

Housing Wire

JUNE 29, 2023

An index of 100 is equal to the level of contract activity in 2001. Despite sluggish pending contract signings, the housing market is resilient with approximately three offers for each listing,” Lawrence Yun , the chief economist of NAR, said in a statement. The NAR’s Pending Home Sales Index fell to a reading of 76.5

Contracts 369

Contracts Inventory Housing Market Realtors 369

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. in 2022.

Inventory 421

Inventory Renovations Contracts Buyers 421

Housing Wire

MAY 25, 2023

“Elevated mortgage rates and economic uncertainty, along with still-low inventory, means that new pending sales were down more than 20% from a year ago, and were lower even compared to 2019 levels.” An index of 100 is equal to the level of contract activity in 2001. Regionally, the Midwest (78.4), South (99.6), and West (62.2)

Inventory 384

Inventory Housing Market Contracts Government 384

Housing Wire

JULY 3, 2024

“Purchase applications decreased the final full week of June, even as both new and existing inventories have increased over the past few months. found that the average contract interest rate for 30-year fixed-rate conforming loans (balances of $766,550 or less) increased by 10 basis points to 7.03% during the week ending June 28.

Mortgage 409

Mortgage Retail Contracts Inventory 409

Housing Wire

MARCH 31, 2021

Record-low inventory is pushing home-price growth at double the rate from a year ago, and even above the 10% growth rates seen in 2005,” Kan said. “The housing market is in desperate need of more inventory to cool price growth and preserve affordability. The FHA share of total mortgage applications decreased to 11.3%

Mortgage 432

Mortgage Contracts Inventory Lending 432

Housing Wire

JUNE 2, 2021

Tight housing inventory, obstacles to a faster rate of new construction, and rapidly rising home prices continue to hold back purchase activity,” Kan said. This week’s data was compared to mortgage applications from the week of Memorial Day in 2020.

Mortgage 543

Mortgage Contracts Inventory Construction 543

Housing Wire

NOVEMBER 21, 2023

Homes typically go under contract a month or two before the closing, which means the October data largely reflects purchase decisions made in August and September. On the bright side, housing inventory rose 1.8% lower than October 2022 when inventory was at 1.22 Meanwhile, unsold inventory sat at a 3.6-month

Inventory 410

Inventory Realtors New Listings Contracts 410

Housing Wire

DECEMBER 23, 2022

New home sales data last month was much stronger than had been anticipated; the market had expected a contraction of 4.7% Since July, about 10,000 contracts have been canceled each month, according to data from John Burns Consulting. Census Bureau and the Department of Housing and Urban Development (HUD) on Friday. in November.

Contracts 384

Contracts Inventory Housing Market Mortgage 384

Housing Wire

SEPTEMBER 29, 2021

Homebuyer contract signings in the U.S. Increased inventory of homes for sale, near historic low mortgage rates and favorable demographics means more housing demand, ” Odeta Kushi, the First American deputy chief economist said in a statement. rose 8% month-over-month from July to August, though the figure was still 8.3%

Contracts 420

Contracts Inventory Housing Market Marketing 420

Housing Wire

JULY 14, 2021

“We continue to see ebbs and flows as housing demand remains strong, but for-sale inventory remains low,” he said. Overall inventory is still low, of course, but a cooling of the market could lead to more would-be buyers and an increase in mortgage applications soon, experts said. from 61.6% the previous week.

Mortgage 515

Mortgage Contracts Inventory Investors 515

Housing Wire

APRIL 28, 2021

Mortgage applications decreased despite mortgage rates falling for the third week in a row, indicating high prices and low inventory, said Joel Kan, MBA associate vice president of economic and industry forecasting. Following an almost 9% jump in mortgage applications last week , the Mortgage Bankers Association reported a 2.5%

Mortgage 464

Mortgage Contracts Inventory Marketing 464

Appraisal Buzz

JUNE 12, 2024

Inventory, New Listings and Pending Sales Overview New listings increased by 7.9% Inventory (the number of listings active at any time during the month) in May increased by 7.4% Inventory (the number of listings active at any time during the month) in May increased by 7.4% Inventory levels are 33.8% since pre-pandemic.

Sellers 397

Sellers Buyers New Listings Home Value 397

Housing Wire

FEBRUARY 15, 2024

billion in inventory. billion in inventory. “We We intentionally slowed our home acquisitions beginning in the second half of 2022, prioritizing risk management and inventory health,” said Christy Schwartz, Opendoor’s interim chief financial officer. This resulted in lower sales volumes in 2023 versus the prior year.”

Business 410

Business Advertising Inventory Contracts 410