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Spring housing market gets more inventory

Housing Wire

Active weekly housing inventory growth slowed slightly last week, but it’s still running at a healthier clip than in 2023. I have a simple model with mortgage rates being above 7.25%: weekly inventory data should grow between 11,000-17,000 per week. We have now seen it for two weeks as inventory grew by 13,247. 2022: 19.2%

Inventory 504
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2024 inventory growth challenges mortgage rate lockdown

Housing Wire

The mortgage rate lockdown premise holds that very few people will list their homes when mortgage rates are this high, thus suppressing inventory. 2024 has had healthy inventory growth despite mortgage rates above 7%. Each time, inventory has squared right into the model as long as rates stay elevated.

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Housing Market Tracker: Inventory disappoints again

Housing Wire

After seeing disappointing inventory growth two weeks ago , which I chalked up to the Memorial Day holiday, I was hoping for a big push in active listings last week, but that didn’t happen. Here’s a quick rundown of the last week: Active inventory grew 6,722 weekly. First, it took the longest time in U.S.

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Housing Market Tracker: Spring inventory grows

Housing Wire

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The fear of not having an increase in inventory this spring should be put to rest. Since 2020, the seasonal inventory bump has happened later than usual — not until March or April.

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Housing Market Tracker: Inventory shocks lower

Housing Wire

The slow zombie crawl of housing inventory went lower last week as inventory was negative week to week. This is truly a savagely unhealthy housing market as we have too many people chasing too few homes. As we can see in the chart below, it’s been so slow that year-over-year inventory is now negative versus 2022.

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How housing credit is shaping housing inventory

Housing Wire

Housing credit channels directly impact housing inventory channels. Home prices escalated out of control after 2020 and when we look at why that happened, we can see that housing credit mattered more to inventory data than most people realize. This matters because inventory was already heading toward all-time lows before COVID-19.

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Housing Market Tracker: Inventory finally rises

Housing Wire

Can we now say that the housing market ‘s spring selling season is finally underway? Since 2020, the seasonal bottom for housing inventory has arrived several months later than normal, making it more complicated to track housing inventory data. I went over the reasons for this in the Housing Wire Daily podcast in February.

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