Housing Wire

DECEMBER 30, 2024

Rising housing inventory levels in 2024 may not be the positive sign of market health that they appear to be. High inventory levels contribute to another problem as active listings are remaining unsold for longer periods. Redfin refers to these listings as “stale inventory.” ” According to the report, 54.5%

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Housing Wire

DECEMBER 19, 2024

Altos Research data of inventory by state reflects this trend. High mortgage rates have prompted homeowners with rates in the 3% to 4% range to stay put, stifling inventory and home sales across the nation. Comparing current levels of housing inventory to those of 2019 reveals that listings are down in almost every state.

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Inventory Valuation Housing Market Marketing 468

Housing Wire

DECEMBER 28, 2024

The most positive development in the housing market over 2024 has been the increase in active housing inventory , which is approaching the levels seen in 2019. Weekly housing inventory data On Monday’s episode of the HousingWire Daily podcast , I will be discussing the 2024 year in review of the housing market.

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Housing Wire

OCTOBER 26, 2024

Since mid-2022 when mortgage rates headed higher , two facts have been apparent: new listings data has been trending at the lowest levels ever recorded in history and inventory has been able to grow from record low levels thanks to mortgage rates staying elevated. As you can see, we have made progress in inventory growth year after year.

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Housing Wire

DECEMBER 16, 2024

As the year draws to a close, available unsold inventory of homes on the market is nearly 27% greater than a year ago. Ten states have more inventory unsold than in 2019, which was the last sort of normal year before the pandemic. Inventory is still very tight in places like Chicago and New England, but it is rising in these markets.

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Housing Wire

JANUARY 30, 2025

But there may be some improvement on the horizon as newly listed home inventory grew 37.5% more homes were actively listed for sale on a given day in January, following a 15-month trend of higher annualized inventory levels. In total, inventory levels were 10.8% Only 14 metro areas surpassed pre-pandemic inventory levels.

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Housing Wire

OCTOBER 23, 2024

And while the slower sales pace may not be great news for real estate professionals, it has resulted in an uptick in inventory , which is good news for homebuyers. For-sale inventory at the end of September was 1.39 month supply of unsold inventory, up from 4.2 million, up 1.5% from August and up 23% from one year ago.

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Housing Wire

AUGUST 29, 2024

Unsold inventory of homes on the market has been climbing in the U.S. In general, inventory rises with rates because more expensive money slows demand. When demand slows, inventory grows. Inventory is climbing but it’s still pretty restricted. And importantly, inventory isn’t growing everywhere equally.

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Housing Wire

JULY 29, 2024

in June compared to a year ago, indicating that rising inventory still needs further saturation before making a meaningful dent in affordability. While inventory nationally and in most markets is higher than one year ago, it remains low from a historical perspective,” First American chief economist Mark Fleming said in a statement.

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Housing Wire

JULY 23, 2024

Sinking sales, rapidly rising inventory and prices at all-time highs — this is the state of the market for existing homes. These two factors have caused unsold inventory to rise considerably, pushing months of supply to 4.1, Sales of existing homes in June fell 5.4% That’s the highest rate of decline so far this year.

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Housing Wire

DECEMBER 30, 2024

“Despite higher mortgage rates in November and persistent affordability challengers, buyers took advantage of more inventory as pending home sales reached the highest level in nearly two years. Buyers appear to be done waiting for rates to fall, prompting them to enter the market to take advantage of higher inventory levels.

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Housing Wire

JANUARY 9, 2025

In order to alleviate some of the pressure on buyers, agents like JD Gieson would love to see more inventory come on the market. We have quite the shortage of available inventory and there is a surplus of buyers right now, and they just dont have a lot of options. There is no inventory, McCormick said. As of Jan.

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Housing Wire

OCTOBER 8, 2024

As the housing market fluctuates, inventory levels are a critical factor for builders, developers and buyers. While low inventory might seem like a challenge, especially for buyers, it presents a unique opportunity for builders. In markets with low inventory and strong demand, the situation is different.

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Housing Wire

SEPTEMBER 5, 2024

It was the 10th straight month of annualized growth and for-sale inventory is now at its highest level since May 2020. Notably, even as more sellers are entering the market compared to a year ago, for-sale inventory remains markedly below pre-pandemic levels. The median monthly mortgage payment during the four-week period ending Sept.

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Housing Wire

DECEMBER 7, 2024

The second is in reference to housing inventory. Meanwhile, some analysts believe that hoping for a flood of senior-driven inventory to address the nations housing shortage is more akin to a pipe dream. The first is related to the demographic trends playing out across the U.S., housing shortage.

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Housing Wire

JANUARY 24, 2025

Active inventory typically decreases at this time of year, but in 2024 it did not drop below 1 million. For me, the highlight of 2024 was the growth in active inventory. That situation is not present in todays housing market as active inventory is almost 1 million, not 4 million like in 2007. Also, the monthly supply is 3.3

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Inventory Housing Market Sellers Marketing 482

Housing Wire

NOVEMBER 23, 2024

Weekly housing inventory data Last week saw another slight decline in active listing and soon, the holidays will kick in. The seasonal decline is well underway, and it looks like the 739,434 level will be the peak of inventory for 2024. Weekly inventory change (Nov. Weekly inventory change (Nov.

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Housing Wire

DECEMBER 30, 2024

Inventory continues to contract There are now 651,000 single-family homes unsold on the market across the U.S. Well see another week of inventory contraction this week with New Years mid-week. Some years, when demand is stronger, the available inventory of unsold homes keeps shrinking until February or March.

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Housing Wire

OCTOBER 28, 2024

We track inventory and home sales very closely, so the biggest surprise this year has been the resiliency of home prices. Inventory ticked down this week Inventory ticked down to 738,000 from 739,000 last week. Our model had expected inventory to climb just a bit this week. They have not.

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Housing Wire

JANUARY 13, 2025

It seems more sellers are coming out every week and that will keep inventory pushing upward. First thing to note is that California has very restricted inventory. Lets look at this weeks housing market data: Inventory dips Total inventory dipped this week to 624,000 single-family homes on the market. This week, 33.9%

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Sellers Inventory New Listings Contracts 418

Housing Wire

OCTOBER 21, 2024

Despite the Florida hurricanes, and in the face of recently rising mortgage rates , unsold inventory of homes on the market climbed this week by about 1%. We’ve been expecting inventory to climb, and to tick up again next week before seasonal inventory declines start in November. Last year, inventory rose by 1.5%

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Housing Wire

NOVEMBER 30, 2024

Weekly housing inventory data Housing inventory fell last week, which is typical at this time of year. We should expect a decline in inventory until the spring season starts heating up again. The year-over-year inventory growth is the best housing story for 2024. Weekly inventory change (Nov.

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Housing Wire

JANUARY 20, 2025

Sales are slow, so inventory of unsold homes is building. Condo inventory is growing faster than single family. Inventory is up There are now 632,000 single-family homes unsold on the market around the U.S. As I mentioned, inventory of unsold condos is growing faster than that of single-family houses.

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Mortgage Inventory New Listings Contracts 397

Housing Wire

SEPTEMBER 9, 2024

While inventory of unsold homes in the housing market in each of the last two years headed higher during September and October due to mortgage rate spikes, we’re seeing a more normal seasonal pattern now with inventory beginning to decline. Inventory is not climbing, it’s basically flat.

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Sellers Inventory Contracts New Listings 482

Housing Wire

NOVEMBER 29, 2024

has focused on single-family and multifamily inventory growth to boost supply and affordability. But StorageCafe found that in 2023, most states overlooked one key solution to the affordability crisis: more inventory of “middle housing.” The report draws considerable attention to middle housing inventory growth.

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Housing Wire

JULY 27, 2024

One of my critical forecasts for 2024 was the growth of new listings data and active inventory, even with higher mortgage rates. While we are not back to normal inventory levels in America, especially considering our population today, we are working our way up the ladder. have higher inventory than the national data.

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Housing Wire

JANUARY 8, 2025

Available inventory of homes for sale fell each year as more and more borrowers had this cheap financing. 2016 ended with 14% less available inventory than the year before. Not coincidentally, inventory hit record lows none of those homeowners wanted to sell.This has long-term consequences. had these cheap mortgages.

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Housing Wire

SEPTEMBER 15, 2024

Weekly housing inventory data Higher rates lead to more inventory. My model has been simple for the last two years; as long as mortgage rates stay above 7.25%, inventory should grow in a normal range of 11,000-17,000 per week. Weekly inventory change (Sept. This data line has slowed its price as rates have fallen.

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Mortgage Inventory New Listings Retail 521

Housing Wire

JULY 23, 2024

I have often discussed four months of supply and active inventory between 1.52 In the previous decade, active inventory ranged between 1.52 From NAR: Total housing inventory registered at the end of June was 1.32 Unsold inventory sits at a 4.1-month million and 2.4 million units, up 3.1% from May and 23.4%

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Housing Wire

SEPTEMBER 28, 2024

Weekly housing inventory data Two weeks ago was the best week of inventory growth for me in 2024, as we hit my model range without higher mortgage rates; I gave it the chef’s kiss. We couldn’t pull that off this week as inventory growth slowed to 5,768. Weekly inventory change (Sept. nominal home price gains in 2024.

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Mortgage Inventory New Listings Contracts 525

Housing Wire

DECEMBER 21, 2024

Weekly housing inventory data As we enter the year’s final weeks, we usually see a drop in housing inventory. However, Im excited about the story behind the current market inventory has grown from the depressed levels we experienced in early 2022. Weekly inventory change (Dec.

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Housing Market Marketing Inventory New Listings 504

Housing Wire

SEPTEMBER 22, 2024

Weekly housing inventory data The best story for me about housing this year has been the inventory growth. With the inventory growth we’re seeing and demand firming up, this is the best we could have hoped for in 2024. Weekly inventory change (Sept. Weekly inventory change (Sept.

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Mortgage Inventory New Listings Contracts 525

Housing Wire

JANUARY 6, 2025

Altos Research tracks every home for sale in the country every week all the active inventory and pending sales as they happen as well as prices and supply and demand metrics Lets look at this weeks data. Inventory fell There are 635,000 single-family homes unsold on the market now. In 2018, mortgage rates and inventory rose all year.

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Inventory New Listings Contracts Sellers 448

Housing Wire

SEPTEMBER 7, 2024

Weekly housing inventory data As mortgage rates have decreased, inventory growth has slowed, and seasonality will kick in soon. Last week, we had the Labor Day holiday, so take the decline in inventory within that context. Weekly inventory change (Aug. Weekly inventory change (Aug.

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Mortgage Inventory New Listings Marketing 533

Housing Wire

DECEMBER 7, 2024

Weekly housing inventory data Housing inventory fell last week, which is typical at this time of year. The peak in 2024 inventory will be 739,434, which isnt a normal level for inventory, but it’s good enough for me to feel much better about the housing market. Weekly inventory change (Nov.

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Housing Wire

OCTOBER 5, 2024

2024: 354,816 2023: 326,593 2022: 358,740 Weekly housing inventory data Three weeks ago was the best week of inventory growth in 2024, as we hit my model range without higher mortgage rates: I gave it the chef’s kiss. We couldn’t pull that off two weeks ago and last week, inventory growth slowed to 3,273.

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Mortgage Inventory New Listings Retail 511

Housing Wire

OCTOBER 15, 2024

Inventory declined Overall inventory of unsold single family homes on the market declined this week to 732,000 homes. Last year, inventory was rising by almost 2% per week in the middle of October as homebuyer demand deteriorated. The inventory trends are very different compared to a year ago. Here’s this week’s data.

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