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The inventory myth & dipping prices

Sacramento Appraisal Blog

The myth of six months of inventory being normal and dipping prices. Let’s talk about two things today. I’d love to hear your take in the comments.

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Housing inventory up nearly 55% in December

Housing Wire

The housing inventory shortage dominated much of the conversation surrounding the housing market in 2022, but thanks to softening homebuyer demand, the number of active listings finished the year up 54.7% Despite this sizable yearly increase, active housing inventory was down 33.4%

Inventory 411
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Housing Market Tracker: Inventory falls again

Housing Wire

This is why I’ve created the Housing Market Tracker — a weekly analysis of purchase apps, housing inventory and mortgage rates that will be published every Monday. The Altos Research weekly inventory data looks ahead before the sales report inventory data.

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Housing inventory falls under 1M again as sales collapse

Housing Wire

On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. million in January down to about 4 million in December, We now have total inventory levels near all-time lows again.

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Housing Market Tracker: Weekly inventory adds 1,339 homes

Housing Wire

Housing inventory increased by 1,339 homes nationwide. The weekly inventory data, which had fallen faster than I had anticipated the last few weeks, has now seen a slight uptick. Weekly housing inventory. Weekly inventory change: (Jan.

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Housing Market Tracker: A notable drop in inventory

Housing Wire

The housing market saw inventory fall 4% last week from the week before. Does that mean we are heading back to all-time lows in inventory again for 2023? During the last four weeks and especially this past week, we are seeing inventory decline faster than expected.

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Taking Inventory

Appraisal Buzz

The post Taking Inventory appeared first on theMReport.com. The post Taking Inventory appeared first on Appraisal Buzz. Tian Liu details what does the housing market needs to do to make the American Dream more attainable for all.

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Is housing inventory growth really slowing down?

Housing Wire

One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. However, inventory accumulation due to weakness in demand is only one of many ways to see inventory increase.

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Debunking the housing inventory myth in preparation for 2023

Housing Wire

However, the story of 2023 may be very different than what any of us expect due to the oncoming avalanche of inventory we may see and its implications. You have probably heard that low housing inventory got us into this mess. Real Estate Forecast housing inventory Real estate

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Housing inventory has never been lower

Housing Wire

It’s official – housing inventory in America is at a crisis level. Ever-tightening housing inventory and steady demand has resulted in median home sale prices hitting a new all-time up of $360,375, just two weeks after hitting another all-time high.

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Housing Market Tracker: Housing inventory falls once more

Housing Wire

Housing inventory decreased by 6,468 units, a more pronounced decline from the previous week. Weekly housing inventory There is, again, another downside report on weekly inventory, as inventory has fallen noticeably again this week from the week prior.

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Days on market grow despite low inventory for existing homes

Housing Wire

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. NAR lists the current inventory at 1.22

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Homebuilders urge Congress to address inventory crisis

Housing Wire

The post Homebuilders urge Congress to address inventory crisis appeared first on HousingWire. Uncategorized Congress Homebuilders Homeownership Inventory Inventory crisis inventory shortage labor market Tax reform Zoning policies

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Home inventory uptick expected within 6 months

Housing Wire

Nearly 65% of homeowners planning to sell this year expect to list by the end of summer, which should provide a much-needed influx of inventory that should slow the explosive home price growth seen during the pandemic, according to a Realtor.com survey of prospective sellers.

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Housing inventory crisis continues in 2022

Housing Wire

Early in 2021, when I was talking about how people should worry about home prices overheating, I had a glimmer of hope that maybe toward the end of 2021 we would be spared another seasonal collapse of inventory. million to drive inventory levels to such low levels.

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Housing Market Tracker: Inventory and purchase applications data fall together

Housing Wire

Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. Weekly Housing Inventory A few weeks ago, I was encouraged that we had a slight increase in inventory and a small decline the following week.

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Mortgage market affordability and inventory challenges

Housing Wire

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today.

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Homebuilders are pushing through inventory backlog

Housing Wire

Builders watched inventories rise as buyers canceled contracts and new orders dried up. As the housing market slowed from its frenzied peak in 2022 due to soaring mortgage rates, homebuilders pulled back. An estimated of 1.533 million housing units were started in 2022, down 3.0%

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Why housing inventory is so low right now

Housing Wire

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. So how should we look at the inventory situation? Inventory is seasonal, rising in the spring and summer and fading in the fall and winter.

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Housing inventory nationwide rises for the first time in years

Housing Wire

That marks the first month since July 2019 (pre-pandemic) that housing inventory increased year over year. At the same time, homebuyers are facing less competition as home inventory starts to bump up slightly. Housing Market Real Estate Daryl Fairweather housing inventory

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How Andrew Marquis plans to close more loans in a low-inventory market  

Housing Wire

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. The inventory put a cap on how much business Marquis’ team can do, which is one of the reasons why Marquis is now licensed in 22 states.

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Fannie Mae: Affordability fears affecting housing inventory

Housing Wire

A blog by two Fannie Mae researchers — Rachel Zimmerman, market research advisor, and Kim Betancourt, senior director of economics and multifamily research — published this week said that consumer perception around housing affordability is in part contributing to inventory constraints.

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Housing inventory is still at a crisis level

Housing Wire

So few single-family homes are for sale in America that just two months of inventory is available across the top 100 metro areas in the country, a historic low. In Dallas, listings under $2 million have less than three months of inventory. Blink and you’ll miss your dream home.

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Housing market inventory is starting to recover

Housing Wire

That’s depleting inventory across the country. “In nearly every market, 20% more inventory means 20% more home sales,” said Lawrence Yun, chief economist for the National Association of Realtors.

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Purchase apps are at 2009 level: where’s the inventory?

Housing Wire

It’s an excellent time to discuss housing inventory. How can housing inventory be so low today when it skyrocketed back in 2009? I don’t believe housing inventory below 1.52 The monthly spike in the new home sales sector looks like massive inventory should be here.

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The ugly side of housing: low inventory

Housing Wire

After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February. Gradually increasing mortgage rates, heightened home prices and inventory levels at historic lows finally coalesced in February to depress in-contract deals.

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When will housing inventory recover?

Housing Wire

The relative pressure of supply vs. demand in the housing market is gauged by the level of active inventory. Like dropping barometric pressure, plunging inventory usually foretells stormy conditions: Faster price growth and faster sales. The post When will housing inventory recover?

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Inventory Levels Creep Upwards

Appraisal Buzz

The post Inventory Levels Creep Upwards appeared first on Appraisal Buzz. “After a sustained period of quick sales that kept the housing cupboard relatively bare, a supply of two months presents a lot more options for homebuyers,” said Nick Bailey, RE/MAX President and CEO.

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Why housing inventory is so low right now

Housing Wire

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. So how should we look at the inventory situation? Inventory is seasonal, rising in the spring and summer and fading in the fall and winter.

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Mike Simonsen: “Inventory is climbing, is the supply crisis over?”

Housing Wire

The market’s insatiable demand for real estate, combined with low interest rates and even lower inventory, created a feeding frenzy that drove insane bidding wars, sent home prices skyrocketing, and frustrated many would-be home buyers. And as home sales slow, inventory is climbing quickly.

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Elliman Magazine Column - A Symptom of Chronic Inventory Lows: Bidding Wars Are Everywhere

Miller Samuel

Listing inventory has essentially collapsed in most U.S. In the current issue of Elliman Magazine: Spring/Summer 2022 , my column "A Symptom of Chronic Inventory Lows: Bidding Wars Are Everywhere".

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Housing inventory is about to get better — here’s why

Housing Wire

The post Housing inventory is about to get better — here’s why appeared first on HousingWire. Economics Housing Market Mortgage Rates home price appreciation housing demographics housing inventory HWplus MORTGAGE RATES

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Here’s how to fix the housing market inventory crisis

Housing Wire

housing market is in the midst of an inventory crisis. is hovering near record lows , caused by a pandemic-induced housing inventory death-spiral. To make homeownership a possibility for everyone, there needs to be a higher housing inventory of affordable homes. The U.S.

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Top markets for affordable renovated housing inventory

Housing Wire

Renovated Inventory to the Rescue. Top Markets for Renovated Inventory. cities with at least 75 renovated property resales in the last three years, those with the most inventory of renovated homes were Chicago, Las Vegas, Jacksonville (Florida), Memphis, and Cincinnati.

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Housing Inventory Down 22% From Last Year

Appraisal Buzz

Despite this, the pace … The post Housing Inventory Down 22% From Last Year appeared first on theMReport.com. The post Housing Inventory Down 22% From Last Year appeared first on Appraisal Buzz.

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Low inventory stifles April’s pending home sales

Housing Wire

Like new and existing sales, pending home sales felt the strain of exhausted home inventory in April ? The upper-end market is still moving sharply as inventory is more plentiful there.”. The post Low inventory stifles April’s pending home sales appeared first on HousingWire.

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Existing home sales fall due to lack of housing inventory

Housing Wire

The sales for March would have been measurably higher, had there been more inventory.” ” Total housing inventory at the end of March amounted to 1.07 from February’s inventory but down 28.2%

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Will we start 2022 with all-time lows in housing inventory?

Housing Wire

2 million , we could be at risk of housing inventory falling to such low levels that I would have to categorize this housing market as unhealthy. We can see that inventory falling to such low levels has created unhealthy home-price growth in both 2020 and 2021.

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Q1 REO Inventory Increases 3%

Appraisal Buzz

The post Q1 REO Inventory Increases 3% appeared first on DSNews. The post Q1 REO Inventory Increases 3% appeared first on Appraisal Buzz. Since entering conservatorship in 2008, Fannie Mae and Freddie Mac to date have assisted nearly 6.5

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Listing Inventory Trends In The Time Of COVID

Miller Samuel

I created a chart for the publication which compares month listing inventory trends across a number of the markets we cover for Douglas Elliman. The Winter 2022 issue of Elliman Magazine was published this week and it is quite a beautiful publication.

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