Housing Wire

DECEMBER 30, 2024

The three years in the post-pandemic housing market have been marked by very few sellers 60,000 new listings in a given week vs. 80,000 in years’ past. Inventory continues to contract There are now 651,000 single-family homes unsold on the market across the U.S. These are unsold new listings.

Housing Market 543

Housing Market Marketing New Listings Inventory 543

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.

Mortgage 514

Mortgage Inventory New Listings Contracts 514

Housing Wire

NOVEMBER 18, 2024

We already see many signals for what to expect, including last week’s data on inventory , new listings and price reductions, which I analyze below. Housing inventory There are now 722,000 unsold single-family homes on the market around the U.S. Below is the 10-year view of inventory trends in the U.S.

Housing Market 448

Housing Market New Listings Marketing Inventory 448

Housing Wire

JANUARY 6, 2025

The New Years week was expected to be slow, so it’s no surprise that new listings and sales are down. The Christmas and New Year’s holidays fell on Wednesdays this year, which messes up two full weeks in terms of getting home sales done and tracking the numbers. Those will start rebounding in next weeks data.

Inventory 448

Inventory New Listings Contracts Sellers 448

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.

Inventory 476

Inventory New Listings Sellers Contracts 476

Housing Wire

MARCH 10, 2025

New listings volume is trying to grow with its biggest week since September. List prices inched up for the week, though sales prices did not advance. The unsold inventory of homes on the market across the country is 28% greater than last year at this time. Withdrawals keep a lid on inventory growth.

Inventory 425

Inventory New Listings Housing Market Sellers 425

Housing Wire

MARCH 8, 2025

Weekly housing inventory data The best story for housing is the housing inventory growth we’ve seen since the historically low levels we saw in 2022. Last week we had slight growth week over week, and we should be starting the seasonal increase in active inventory now. Weekly inventory change (Feb.

Mortgage 451

Mortgage Inventory New Listings Housing Market 451

Housing Wire

FEBRUARY 8, 2025

Weekly pending contracts for the past week over the past several years: 2025: 288,605 2024: 297,402 2023: 283,689 Weekly housing inventory data The highlight of 2024 for me was the growth in housing inventory as we began to return to normal levels. Weekly inventory change (Jan. Weekly inventory change (Jan.

Mortgage 492

Mortgage Inventory New Listings Contracts 492

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.

Housing Market 505

Housing Market Marketing Inventory New Listings 505

Housing Wire

JANUARY 13, 2025

There were 45,000 new listings for single-family homes across the country this week, which is a big jump. 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. That’s 12% more sellers than a year ago.

Sellers 418

Sellers Inventory New Listings Contracts 418

Housing Wire

MARCH 14, 2025

Weekly housing inventory continues upward Is inventory in the D.C This week’s inventory data gives us a vantage point into this weeks market dynamics. Inventory for single-family homes in the D.C ’s inventory level compared to 2024. Data and common sense show that federal job cuts are stressing D.C’s

Housing Market 359

Housing Market Marketing New Listings Inventory 359

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. Thats been changing.

Mortgage 397

Mortgage Inventory New Listings Contracts 397

Housing Wire

MAY 18, 2024

New listings data has been moving lower over the last few weeks. But, we need to see more growth in new listings data just to grow from 2023 levels. 2023 new listings data was the lowest ever on record, so it’s already a low bar.

New Listings 501

New Listings Inventory Mortgage Contracts 501

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. 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.

New Listings 518

New Listings Inventory Mortgage Sellers 518

Housing Wire

OCTOBER 21, 2023

New listing data appears unafraid of the mortgage rate ghost story over the last few months. Unlike last year, when new listings data had a noticeable move lower once mortgage rates reached 6%, 8% mortgage rates haven’t had any noticeable impact on the latest new listings data.

New Listings 538

New Listings Mortgage Inventory Housing Market 538

Housing Wire

MARCH 3, 2025

Lets look at this weeks data, starting with the active inventory of homes for sale right now. Inventory Total available inventory dipped this week to 639,000 single-family homes on the market. During the second quarter last year, inventory rose quickly because mortgage rates rose quickly and peaked in May.

New Listings 374

New Listings Inventory Contracts Sellers 374

Housing Wire

FEBRUARY 10, 2025

As such, housing inventory isn’t shrinking. New listings are hitting the market Last year was an environment with 5% to 10% more sellers each week than a year prior. This week, the new listings stat has grown with slightly more sellers. Any inventory growth now is because demand is really weak.

Sellers 370

Sellers Inventory New Listings Contracts 370

Housing Wire

DECEMBER 17, 2024

The most eye-popping data is for new listings. The week of the hurricane, new listings fell by about 80% in five major cities in the metro area Tampa, Clearwater, Largo, Brandon and Riverview. Clearwater lost 81% of its listings, the highest rate among the five cities. Pending home sales tell a similar story.

Housing Market 397

Housing Market Marketing New Listings Real Estate Agent 397

Housing Wire

MARCH 15, 2024

Inventory has been trending upward for the last two years despite persistently high mortgage rates, Mike Simonsen, president and founder of Altos Research , wrote on Monday. New listings ticked up by 21% in February compared to last year, according to Zillow ’s February report. metros experienced an increase in new listings.

New Listings 493

New Listings Inventory Home Value Contracts 493

Housing Wire

MAY 28, 2024

It’s the end of May and unsold inventory on the market is increasing across the U.S. Every state in the country has more homes on the market now than a year ago and, in many places, new construction is being completed and added to inventory, so it’s not just resale inventory that’s growing.

Inventory 534

Inventory New Listings Contracts Sellers 534

Housing Wire

MAY 25, 2024

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.

Inventory 521

Inventory Mortgage New Listings Marketing 521

Housing Wire

APRIL 20, 2024

Housing inventory finally hit my target level of growth last week with mortgage rates now over 7.25% , something I couldn’t get all last year. Of course, what is different this year versus last year is that new listing data is growing yearly instead of trending at the lowest levels recorded in history. 2022: 18.7%

Inventory 514

Inventory New Listings Mortgage Finance 514

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

APRIL 27, 2024

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 514

Inventory Housing Market Marketing New Listings 514

Housing Wire

FEBRUARY 23, 2025

Weekly pending contracts for the past week over the past several years: 2025: 312,742 2024: 325,054 2023: 310,134 Weekly housing inventory data The best story for housing has and will always be the housing inventory growth working from the historically low levels we saw in 2022. Last week showed mild week inventory growth.

Government 468

Government Mortgage Inventory New Listings 468

Housing Wire

SEPTEMBER 16, 2023

What’s going on with housing inventory ? The last four weeks of new listings data have been the most volatile since mortgage rates breached 6% in 2022. One week, we had the biggest decline in new listings data all year, which might indicate Americans are giving up on listing their homes.

Inventory 505

Inventory New Listings Housing Market Mortgage 505

Housing Wire

NOVEMBER 4, 2024

Inventory is past peak for the year, so the momentum looks to keep the trends in a positive direction for now. Inventory drops again There are 736,000 single-family homes unsold on the market in the U.S. The inventory peak came a month earlier than in 2023. Mortgage rates were super high and inventory was building.

Inventory 396

Inventory New Listings Sellers Contracts 396

Housing Wire

DECEMBER 30, 2023

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. Looking back on 2023, the inventory story was a big surprise even as mortgage rates headed toward 8%, as the data below will show. Weekly inventory change (Dec.

Inventory 521

Inventory New Listings Housing Market Mortgage 521

Housing Wire

MARCH 30, 2024

The best housing story in 2024 is that inventory is growing — both active inventory and new listings. With mortgage rates at the current levels, inventory is still below my expectations, but it’s still such a positive story that I had to discuss it on CNBC last week. 2022: 17.2%

Inventory 501

Inventory New Listings Mortgage Housing Market 501

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. Weekly inventory change (Aug.

Inventory 538

Inventory Mortgage New Listings Housing Market 538

Housing Wire

MAY 4, 2024

My model for inventory growth with higher mortgage rates came crashing down last week. After two weeks of significant increases , inventory growth slowed dramatically and is far from my 11,000-17,000 growth model with mortgage rates over 7.25%. I wish new listings were growing faster, but I will call it a victory nonetheless.

Inventory 501

Inventory Mortgage New Listings Marketing 501

Housing Wire

APRIL 23, 2023

Since 2020, the seasonal bottom for housing inventory has arrived several months later than normal, making it more complicated to track housing inventory data. Still, we have some promising signs that we might have finally hit the inventory bottom for 2023.

Inventory 545

Inventory Housing Market Marketing New Listings 545

Housing Wire

APRIL 16, 2023

The seasonal housing inventory bottom evaded us again last week as active listings fell and new listing inventory decreased. Here’s a quick rundown of the last week: Active inventory fell 5,383 last week, and new listing data is still trending at all-time lows in 2023. The answer is no!

Inventory 539

Inventory Housing Market Marketing New Listings 539

Housing Wire

MAY 8, 2024

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.

Inventory 518

Inventory New Listings Law Sellers 518

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. So far the weekly high print in 2024 is only 72,329.

Inventory 526

Inventory New Listings Contracts Mortgage 526

Housing Wire

APRIL 30, 2023

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. After the last few weeks , we can put that fear aside: we are finally getting the seasonal increase in active listing.

Inventory 525

Inventory Housing Market Marketing New Listings 525

Housing Wire

JUNE 29, 2024

Housing inventory is growing, but national home prices aren’t dropping dramatically, as the recent S&P CoreLogic Case Shiller index clearly showed. The rules of supply and demand economics always end up winning and weekly new listing data is key. Last week, we saw a positive inventory growth of 11,638 !

New Listings 415

New Listings Inventory Contracts Sellers 415