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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Inventory Realtors Buyers Real Estate 466

Housing Wire

MARCH 15, 2025

Earlier this year, when mortgage rates soared to 7.26%, a cloud of worry hung over the housing market many feared that home sales would tumble in 2025, fueled by concerns about inflation and tariffs. But when it seemed doom and gloom would prevail, the 10-year yield dropped, pulling mortgage rates lower in a lovely slow dance.

Mortgage 537

Mortgage New Listings Inventory Housing Market 537

Housing Wire

JANUARY 9, 2025

While the markets steady conditions certainly give sellers confidence when listing their homes and ensure buyers know what to expect when entering the market the current market conditions, including higher mortgage rates , are not what many buyers would define as ideal. There is no inventory, McCormick said.

Housing Market 418

Housing Market Inventory Marketing Sellers 418

Housing Wire

JANUARY 30, 2025

Rising mortgage rates that are now above 7% have continued in January. 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. year over year.

Inventory 369

Inventory Sellers Buyers Marketing 369

Housing Wire

FEBRUARY 27, 2025

According to a report from Redfin, for-sale inventory at the end of January in Florida was up 22.7% However, mortgage rates staying stubbornly around 7% are preventing many would-be buyers from entering the market. Redfin attributes the rise in inventory to several factors. year over year. year-over-year jump.

Inventory 387

Inventory Marketing HOA Buyers 387

Housing Wire

FEBRUARY 8, 2025

Another jobs week has come to an end, and amid the chaotic headlines about job numbers, tariffs , and the leadership of the Treasury , mortgage rates remained calm. Better mortgage spreads are limiting how high rates can rise in 2025. Mortgage spreads refer to the difference between the 10-year yield and the 30-year mortgage rate.

Mortgage 492

Mortgage Inventory New Listings Contracts 492

Appraisal Buzz

APRIL 3, 2025

As more properties came ontothe market and overall inventory increased for the 17th consecutive month, the U.S. Recent improvements in mortgage rates bode well for the later spring and early-summer housing season, as long as economic concerns settle and dont knock buyers off course. Key Highlights U.S. from the same month last year.

Inventory 335

Inventory Buyers Contracts Sellers 335

Appraisal Buzz

FEBRUARY 13, 2025

Redfin cited a number of reasons for this increase in the nations housing inventory, including: The mortgage rate lock-in effect is fading: A number of homeowners who scored low mortgage rates during the pandemic have been staying put because moving would mean taking on a higher rate. month-over-month, and 4.7% year-over-year.

Inventory 397

Inventory New Listings Sellers Real Estate Agent 397

Housing Wire

APRIL 9, 2025

Mortgage applications jumped 20.0% from the prior week, according to data from the Mortgage Bankers Associations (MBA) weekly mortgage applications Survey for the week ending April 4, 2025. The refinance index increased 35% from the previous week as mortgage rates took a dip. of total applications from 38.6% from 15.8%

Mortgage 487

Mortgage Contracts Inventory 487

Housing Wire

MARCH 8, 2025

Mortgage rates are declining, and recent purchase application data shows a promising 9% week-to-week increase and a 2% rise compared to the previous year. I’ve noticed that housing data tends to improve when mortgage rates drop from 6.64% to 6%, especially when I adjust for seasonal demand.

Mortgage 451

Mortgage Inventory New Listings Housing Market 451

Housing Wire

MARCH 6, 2025

Will inventory levels skyrocket as federal workers leave? Weekly housing inventory ramps up What do we see in the data on housing inventory levels in the D.C. Weekly housing inventory ramps up What do we see in the data on housing inventory levels in the D.C. But inventory remains well below historical averages.

Inventory 344

Inventory New Listings Government Housing Market 344

Housing Wire

JANUARY 20, 2025

This housing market is on hold until mortgage rates come down. We knew that mortgage rates over 7% were possible for the year, and here we are. I still expect well spend most of the year under 7% for the 30-year fixed rate mortgage , but until that happens, home sales are at a standstill. When will that be? I have no idea.

Mortgage 397

Mortgage Inventory New Listings Contracts 397

Housing Wire

NOVEMBER 21, 2024

The difference is mortgage rates: even with inventory growing at a healthy clip this year, mortgage rates just heading down toward 6% for a brief period of time resulted in higher prices in a seasonally soft period. However, that didn’t happen. from September to a seasonally adjusted annual rate of 3.96 million in October.

Mortgage 493

Mortgage Housing Market Inventory Contracts 493

Housing Wire

OCTOBER 22, 2024

Mortgage rates continue to rise, serving as a bucket of cold water for lenders and consumers that were warming to lower borrowing costs just a few months ago. According to HousingWire ‘s Mortgage Rates Center , the average 30-year conforming rate was 6.61% on Tuesday. With mortgage rates back above 6.5%

Sellers 468

Sellers Mortgage Marketing Construction 468

Housing Wire

FEBRUARY 23, 2025

If this happens, will we see lower mortgage rates this spring? However, last week saw a decline in mortgage rates due to softer economic data, which led to an influx of money into the bond market as stocks sold off on Friday. If we were experiencing the worst mortgage spreads of 2023, mortgage rates would be 0.77% higher today.

Government 468

Government Mortgage Inventory New Listings 468

Housing Wire

SEPTEMBER 1, 2024

Have we seen the peak in housing inventory for 2024? The best part about 2024 has been that higher mortgage rates have created an inventory buffer, so if the economy gets softer and rates fall, we have many more homes to work with than we had in 2020-2023. Weekly inventory change (Aug.

Inventory 538

Inventory Mortgage New Listings Housing Market 538

Housing Wire

APRIL 11, 2025

The panel dissected the housing market’s current state marked by rising inventory, affordability challenges, elevated mortgage rates , and investor uncertainty and what it all means for the rest of 2025 and beyond. Ivy Zelman added that due to margins, builder availability to by down rates may start to fade.

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Inventory Housing Market Marketing Development 321

Housing Wire

OCTOBER 23, 2024

Stubbornly high rates have hindered mortgage demand , but at least it’s better than it was a year ago. Mortgage applications decreased 6.7% from one week earlier, according to data from the Mortgage Bankers Association ’s (MBA) weekly applications survey for the week ending Oct. Refinances comprised 45.7%

Mortgage 476

Mortgage Inventory Buyers Marketing 476

Housing Wire

OCTOBER 18, 2024

.” A combination of soaring insurance rates and new regulations on condo association reserves and building maintenance work has created a surge in condo inventory in Florida. Inventory has also been surging — it was up to nearly 10,000 units last week, a sharp rise from about 6,300 a year ago.

Marketing 524

Marketing Mortgage Finance Lending 524

Housing Wire

OCTOBER 16, 2024

Mortgage applications decreased 17% from one week earlier as mortgage rates surged, according to data from the Mortgage Bankers Association ’s (MBA) weekly application survey for the week ending October 11, 2024. The refinance index decreased 26% from the previous week and was 111% higher than the same week one year ago.

Mortgage 521

Mortgage Inventory Buyers Marketing 521

Housing Wire

AUGUST 17, 2024

Have lower mortgage rates already started to slow down housing inventory? I have a simple weekly growth model with the Altos inventory data: when rates are high, over 7.25%, inventory should grow between 11,000-17,000 weekly. Still, I would consider the last month of inventory growth healthy.

Inventory 518

Inventory Mortgage New Listings Contracts 518

Housing Wire

NOVEMBER 22, 2024

As low inventory levels, elevated mortgage rates and rising home prices keep the housing industry stagnant, short-term real estate investors — aka fix-and-flippers — faced market turmoil during the third quarter of 2024. But acquisitions were also somewhat easier in these markets due to rising inventory.

Investors 434

Investors Mortgage Property Taxes Inventory 434

Housing Wire

MARCH 19, 2025

Mortgage applications decreased 6.2% That’s according to the latest data from the Mortgage Bankers Associations (MBA) weekly mortgage applications survey for the week ending March 14, 2025. The Market Composite Index, which measures mortgage loan application volume, decreased 6.2% of total applications from 45.6%

Mortgage 410

Mortgage Contracts Inventory Marketing 410

Housing Wire

DECEMBER 21, 2024

Federal Reserve Chairman Jerome Powell played the Grinch last week for the housing market, sending mortgage rates higher after his remarks at the Fed presser on Wednesday. However, we need lower mortgage rates to grow sales in a bigger fashion in 2025. However, this year, mortgage rates rose during this timeframe.

Housing Market 505

Housing Market Marketing Inventory New Listings 505

Housing Wire

DECEMBER 30, 2024

Home prices finished 2024 up a few percent nationally and mortgage rates are at their highest level in seven months back over 7% as we head into January. In fact, at $2,290, the typical mortgage payment for homebuyers is starting this next year at the highest level ever. The elephant in the room is affordability.

Housing Market 543

Housing Market Marketing New Listings Inventory 543

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. Given the unrelenting mortgage costs, generally weak homebuyer demand, and the year’s rising supply of unsold homes, I’ve been expecting home prices to recede a bit in the second half of this year. They have not.

Inventory 476

Inventory New Listings Sellers Contracts 476

Appraisal Buzz

MARCH 31, 2025

According to Fannie Maes Economic and Strategic Research (ESR) Group , mortgage rates are now expected to end 2025 and 2026 at 6.3% Research from the ESR Group found that the lower mortgage rate outlook resulted in a small upward revision to existing-home sales outlook in 2025, though expectations for total home sales remain subdued.

Mortgage 435

Mortgage Buyers Home Value Inventory 435

Housing Wire

APRIL 15, 2025

Unfortunately, we also had a huge spike in mortgage rates as the chaos of tariffs roiled markets, making U.S. I expect at least a couple more weeks of rising sales before we would see the impact of mortgage rates back above 7%. Total unsold inventory is up, and the weekly pace of new sellers adding to that inventory is up too.

Housing Market 435

Housing Market Marketing Inventory Sellers 435

Appraisal Buzz

DECEMBER 26, 2024

mortgage delinquency rate increased significantly in November, rising 8.38% compared with October, according to ICE Mortgage Technologys First Look report. The foreclosure pre-sale inventory rate was about 0.34%, down about 2.09% compared with October and down nearly 16% compared with November 2023.

Mortgage 395

Mortgage Inventory Technology Appraisal 395

Housing Wire

JANUARY 24, 2025

However, housing demand surged when mortgage rates fell in the early 1980s during a recession. A similar situation could occur now, but we haven’t had mortgage rates low enough for long enough to increase home sales significantly. For me, the highlight of 2024 was the growth in active inventory. months, not the 10.8

Inventory 482

Inventory Housing Market Sellers Marketing 482

Housing Wire

MARCH 27, 2025

Mortgage affordability remained flat in February as the national median monthly payment for purchase loan applicants remained unchanged at $2,205. By product type, the median mortgage payment for conventional loan applicants was $2,226, up from $2,225 in January and up from $2,194 in February 2024. The national PAPI increased 0.1%

Mortgage 354

Mortgage Housing Market Inventory Marketing 354

Housing Wire

DECEMBER 18, 2024

Mortgage applications declined 0.7% 13, driven by slight decline in refinance activity, according to data released Wednesday by the Mortgage Bankers Association (MBA). The decline in applications broke a five-week streak of increases in mortgage demand. Adjustable-rate mortgage (ARM) activity remained steady at 5.3%

Mortgage 395

Mortgage Contracts Government Inventory 395

Housing Wire

DECEMBER 17, 2024

Mortgage applications for new-home purchases increased 7.2% year over year in November, according to data from the Mortgage Bankers Association ‘s (MBA) builder application survey that was released Tuesday. Applications decreased by 12% from October 2024.

Mortgage 397

Mortgage Marketing Inventory 397

Housing Wire

DECEMBER 11, 2024

Mortgage applications increased 5.4% 6, stemming from a 27% jump in refinance activity, according to a report released Wednesday by the Mortgage Bankers Association (MBA). This is the latest weekly increase in mortgage applications, following a trend of steady demand increases over the past several weeks. share a week prior.

Mortgage 397

Mortgage Contracts Government Inventory 397

Housing Wire

JULY 20, 2024

We finally have six weeks of numbers that hit my housing inventory growth model perfectly in 2024. Last year, with higher mortgage rates , we had zero weeks at this level so I am now giving 2024 inventory growth a grade of A. have higher inventory than the national data.

Inventory 526

Inventory New Listings Contracts Mortgage 526

Appraisal Buzz

NOVEMBER 26, 2024

As 2025 draws near, mortgage rates are once again in the news. More inventory should shake loose in 2025, giving buyers a bit more room to breathe.” In September, mortgage rates dropped, momentarily raising the proportion of affordable properties to a 19-month high. increase in property values in 2025.

Housing Market 396

Housing Market Tenants Marketing Mortgage 396

Appraisal Buzz

NOVEMBER 21, 2024

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for October 2024 shows mortgage applications for new home purchases increased 8.2 The new home sales estimate is derived using mortgage application information from the BAS, as well as assumptions regarding market coverage and other factors.

Mortgage 370

Mortgage Buyers Contracts Construction 370