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New listings have peaked for 2024: It’s the second-lowest year on record

Housing Wire

One of my critical forecasts for 2024 was the growth of new listings data and active inventory, even with higher mortgage rates. However, the new listings data has slightly disappointed me. New listings data I am pleased that we’ve seen new listings data grow year over year — it’s a big step forward.

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New listings data is growing and prices still aren’t crashing

Housing Wire

The rules of supply and demand economics always end up winning and weekly new listing data is key. New listing data is growing year over year, but it will be the second-lowest new listing data ever recorded in history. This contract data will grow if mortgage rates head lower and stay lower.

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New listings data falls for third week in a row 

Housing Wire

New listings data has been moving lower over the last few weeks. The moves haven’t been significant and our weekly pending contracts data picked up this week. But, we need to see more growth in new listings data just to grow from 2023 levels.

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Sluggish net new listings signal that the lock-in effect is not over

Inman

percent decline in net new listings and a 2 percent decrease in contract signings, driven by mortgage rate fluctuations, according to HouseCanary. In January, the real estate market saw a 17.5

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Lower mortgage rates attracting more homebuyers

Housing Wire

However, I missed my 2024 forecast of at least 80,000 new listings per week this year during the seasonal peak months by roughly 5,000. However, I missed my 2024 forecast of at least 80,000 new listings per week this year during the seasonal peak months by roughly 5,000. Weekly inventory change (Sept.

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How much longer will we have to deal with higher mortgage rates?

Housing Wire

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. It doesn’t look like I will reach my assumed easy target of 80,000 new listings. However, the real story is that we see year-over-year growth, which is a plus.

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Lower mortgage rates are slowing down inventory growth

Housing Wire

While I didn’t get my minimum target of 80,000 new listings during this year’s peak seasonal weeks, I am pleased we saw growth. I did get a bit excited two weeks ago with the pick-up of new listings as mortgage rates fell, but we didn’t get as good a follow-through this week. Weekly inventory change (Aug.

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