Housing Wire

APRIL 26, 2023

Higher mortgage rates did not scare away potential homeowners last week. Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire. The latest Mortgage Bankers Association (MBA) report confirms Stone’s perceptions.

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Mortgage Loan Officers New Listings Government 397

Housing Wire

NOVEMBER 21, 2023

Elevated mortgage rates and high home prices pushed sales of existing homes down again in October to the lowest monthly pace since August 2010. 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. from September, with 1.15

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Inventory Realtors New Listings Contracts 410

Housing Wire

NOVEMBER 28, 2023

In September, existing home sales fell, while pending home sales and new home sales rose compared to the previous month. Mortgage rates climbed over the period, reaching 7.3% Low levels of existing home inventory contributed to keeping home prices elevated. by the end of September.

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New Listings Contracts Inventory Sellers 421

Housing Wire

MAY 4, 2023

On the one hand, elevated mortgage rates continue to erode buyers’ purchasing power, and in some markets, home prices are falling. On the other hand, inventory is still low, and homes are still selling fast, often with multiple offers. Sales and new pending contracts are below pre-pandemic levels. Mortgage rate fatigue.

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Housing Market Marketing Inventory Buyers 421

Housing Wire

APRIL 15, 2024

We saw a big jump in mortgage rates last week. The 30-year fixed rate mortgage, according to the HousingWire Mortgage Rates Center , is now over 7.2% — that’s 50 basis points above where we were at the start of the year. At that time, most of the voices in the media assumed that mortgage rates had peaked and would fall by now.

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Inventory Mortgage New Listings Sellers 432

Housing Wire

SEPTEMBER 22, 2022

Even though this was a beat of estimates, the sales decline trend due to higher mortgage rates and home prices continues. The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . I am a big fan of inventory to 2019 levels.

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Inventory Housing Market New Listings Mortgage 458

Housing Wire

AUGUST 27, 2020

in July, the third consecutive month of gains, fueled by low mortgage rates and unprecedented demand from consumers. The seasonally-adjusted index measuring signed contracts was up 15.5% Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”.

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Contracts Realtors New Listings Real Estate 485

Housing Wire

OCTOBER 24, 2022

It’s now October, we’ve had the biggest spike in mortgage rates we’ve seen in decades, and all the signs of a slowdown are here: Inventory is rising. The price of new listings is dropping. The big question is: how long will the market contraction last and when should we expect things to heat back up?

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Real Estate Marketing Inventory Sellers 324

Housing Wire

MARCH 15, 2024

Mortgage demand has been on the rise for two weeks in a row. Inventory has been trending upward for the last two years despite persistently high mortgage rates, Mike Simonsen, president and founder of Altos Research , wrote on Monday. New listings rose 20% from January, and each of the 50 largest U.S.

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New Listings Inventory Home Value Contracts 473

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. I don’t see that changing until mortgage rates increase, which will likely happen later this year. Asking prices also reached an average of $361,875, another record high.

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Buyers Real Estate Agent Real Estate Inventory 421

Housing Wire

APRIL 1, 2024

As mortgage rates rose starting in 2022, payment affordability got dramatically worse and homebuyer demand dried up. New listing volume last week was 18% more than a year ago. Total available inventory is gradually climbing about 1% per week — last year it was still declining in April.

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Inventory New Listings Contracts Sellers 466

Housing Wire

MARCH 18, 2024

real estate market were for inventory growth, sales growth and home-price growth across the U.S. At the time, I observed that even if mortgage rates stayed flat, the momentum seemed to be in the cards for broad, slow growth in the market. However, mortgage rates didn’t stay flat. If mortgage rates continue to rise to 7.5%

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Inventory New Listings Sellers Contracts 441

Hank Miller Team

APRIL 6, 2022

It's time to answer the nagging question…did housing inventory in Atlanta increase during the first quarter of 2022? Traditionally, the months of May and June see the most new listings as the school cycle hits – graduating families sell and rising families buy. The difference now is rising rates and even less inventory.

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Housing Wire

MARCH 11, 2024

Last fall when people were still expecting mortgage rates to be falling this year, it was common to assume rates would be in the low 6s or 5s this year and people asked me if lower rates would bring a flood of inventory. The only way inventory would grow in 2024 is if mortgage rates climbed.

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Inventory New Listings Sellers Real Estate 508

Housing Wire

FEBRUARY 24, 2024

Mortgage rates have risen recently but they could be much worse than they are today. Mortgage rates and the 10-year yield The 10-year yield is the key for housing in 2024. The most important data line for me, along with mortgage rates , is jobless claims data because I value labor data over inflation. That hasn’t happened.

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Mortgage Inventory New Listings Housing Market 491

Housing Wire

APRIL 8, 2024

With the Easter holiday last week, data for housing inventory , new listings and the pace of new contracts started all took a breather from their growth pace. Here’s how 2024 is shaping up: There are now more listings, more active inventory and more sales than a year ago. That’s down 8.5%

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Inventory Contracts New Listings Sellers 473

Housing Wire

SEPTEMBER 30, 2020

” Kanacki’s market, like many others, remains competitive as buyers continue to experience bidding wars amid historically low housing inventory and an uptick in home prices. “I 20, the National Association of Realtors said that contract signings were up 23% year over year. Over the last four weeks ending on Sept.

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Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

SEPTEMBER 26, 2023

Available inventory of homes for sale is on the rise in late September, which is very unusual for this time of year. In fact, inventory is growing faster than this time a year ago. This is a demand-driven slowdown, because new listings supply is still running 9% to 10% fewer homes for sale each week than this time last year.

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Inventory Contracts New Listings Mortgage 491

Housing Wire

APRIL 30, 2024

Mortgage rates inched higher last week ahead of the Federal Reserve ’s Federal Open Markets Committee on Wednesday and the national jobs report on Friday. Unsold inventory was nearly 32% higher than at this time last year and 90% higher compared to the end of April 2022. “The

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Mortgage New Listings Inventory Sellers 421

Housing Wire

JANUARY 16, 2024

Home sellers are starting to ease back into the market, new listings are finally exceeding the levels of a year ago. The longer we stay with mortgage rates higher, the more inventory will build closer to where it used to be. Mortgage rates are higher than they were a year ago. Inventory ticked up this week.

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Inventory New Listings Sellers Contracts 458

Housing Wire

MARCH 25, 2024

Specifically, when housing inventory is 25% greater than a year ago, the supply/demand balance is obviously very different than it has been. Mortgage rates seem to have finally settled down. I was worried that we might come out of that meeting with a spike in mortgage rates but that didn’t materialize so we got lucky.

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New Listings Inventory Contracts Sellers 500

Housing Wire

AUGUST 7, 2023

Even as mortgage rates climbed over 7% in the past six weeks, home prices have not declined. As a result, the available inventory of homes for sale is slightly higher each week. Mortgage rates are sitting at their highest levels in many years. When will inventory peak for the year? As demand dips, the prices are not.

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Inventory New Listings Contracts Buyers 369

Housing Wire

FEBRUARY 20, 2024

Inventory is climbing vs. last year, and home prices have stayed flat for three weeks now. Mortgage rates are back over 7%. And as demand slows, inventory grows. Inventory is up over last year and is about to turn the corner and start climbing for the spring selling season, probably within a couple weeks.

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Mortgage Inventory Sellers New Listings 504

Housing Wire

APRIL 22, 2024

After a couple weeks of big jumps for mortgage rates , we’re still seeing relatively surprising strength in the housing market. We’re watching a few key factors to see if homebuyers are backing off in the face of increased mortgage rates. We’re watching inventory , which continues to grow by 3% each week.

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Inventory New Listings Sellers Contracts 528

Housing Wire

APRIL 29, 2024

The weekly volume of new listings is now higher than at anytime last year. The bearish take is that there are many more sellers than buyers and inventory is rising. The bearish take is that there are many more sellers than buyers and inventory is rising. Mortgage rates are at 7.5% orate further? That’s up 2.4%

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Sellers Marketing Inventory Contracts 496

Housing Wire

FEBRUARY 5, 2024

Mortgage rates are back up over 7% this morning on the back of strong economic growth data. The 10-year bond yield jumped back over 4% and that pushes mortgage rates higher too. Mortgage rates are 40 basis points higher than a month ago, and 100 basis points higher than a year ago. Higher rates equals higher inventory.

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Mortgage Inventory Sellers New Listings 441

Housing Wire

AUGUST 21, 2023

Mortgage rates only kept climbing in the last week. Buyers in this real estate market notice these affordability changes, and so we can see in the data fewer home purchase offers, slightly climbing unsold inventory, and slightly more price reductions for the homes that are on the market. Rising rates make more inventory.

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Inventory Contracts Buyers Sellers 370

Housing Wire

MAY 6, 2024

Inventory increases aren’t occurring at a super fast pace, but the number of homes on the market across the country keeps expanding. That can change if mortgage rates fall dramatically, but the current trends show weakening home prices, not strengthening. Inventory is up less than 1% for the week — not a big surge.

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Inventory Contracts Sellers New Listings 364

Housing Wire

APRIL 13, 2024

Mortgage rates headed higher last week after the CPI inflation report , but now, with news of a wider war in the Middle East, should we expect even higher rates? 10-year yield and mortgage rates There is nothing good to report on mortgage rates from last week. The week ahead will answer some of those questions early on.

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Inventory Mortgage New Listings Retail 491

Housing Wire

APRIL 9, 2024

Mortgage rates remained unchanged last week despite the release of the stronger-than-expected jobs report. HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conventional loans at 7.16% on Tuesday, unchanged from one week earlier. At the same time one year ago, the 30-year fixed rate averaged 6.46%.

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Mortgage New Listings Inventory Contracts 441

Housing Wire

OCTOBER 16, 2023

Available inventory of unsold homes rose by 1.8% It’s quite clear that homebuyers have hit the brakes waiting to see if mortgage rates recede from these multi-decade highs. Inventory is climbing more quickly now than last year. Will we see inventory growth YoY by November? Note the inventory climb is not from sellers.

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Inventory Contracts Sellers New Listings 458

Housing Wire

AUGUST 18, 2023

Secret #2 Sometimes, especially in a low-inventory market, your potential seller client may know about comparable sales you didn’t capture. If you’re showing your new listing versus its competition, do you look priced right , overpriced or priced so well you’d be dying to write an offer and snap it up?

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Sellers Construction Real Estate Finance 370

Housing Wire

NOVEMBER 27, 2023

If you follow real estate data closely, you’ll know that inventory rose late into November. You also know that new listings are up over last year, too. Inventory (finally) peaks for the year Housing inventory was down by 0.7% Inventory hit 566,000 homes on the market, meaning there are 0.5% Short on time?

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New Listings Contracts Inventory Housing Market 496

Housing Wire

FEBRUARY 12, 2024

Each week — for several months now — inventory levels of unsold homes on the market has been expanding compared to last year. Even as inventory declined this week, it’s relatively growing compared to a year ago. This week, inventory fell by half a percent. New listings each week, which were record few last year, are growing now.

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Sellers Housing Market Buyers New Listings 441

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

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Housing Wire

JANUARY 8, 2024

These are very clear trends as we start the new year. 2023 started with recovery, but slowed down in Q3 as mortgage rates hit 8%. Inventory is inching up. Each week, inventory is increasing just a bit relative to last year. Over the last 24 months we’ve had incredible volatility in mortgage rates.

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Real Estate Marketing Inventory New Listings 496

Housing Wire

JANUARY 22, 2024

Those metrics, specifically the pace of new listings and new sales contracts, slowed this week. Our immediate sales metric of homes that get offers within a couple days of listing also slowed. New listings and new contracts both still show a bit of improvement over 2023, but the growth rates have slid back down.

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Real Estate New Listings Contracts Inventory 466