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New Listings Prop up Inventory In June

Appraisal Buzz

RE/MAX has released new data through its National Housing Report covering the month of June which found that halfway through the peak summer buying season inventory is up, yet still below levels seen in 2021, but more signs are starting to appear signaling a more balanced market may soon be a reality. To start, June … The post New Listings Prop up Inventory In June appeared first on DSNews.

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Sellers have been sitting out of the housing market too

Sacramento Appraisal Blog

Market Trends Appraisal Appraiser buyers sitting fewer new listings Home Appraiser House Appraiser housing supply inventory in sacramento region low number of new listings market trends in Sacramento sacramento housing market sellers sitting

Sellers 339
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Housing Market Tracker: Inventory drops by 11,000

Housing Wire

The housing market faced some serious obstacles last week as the 10-year yield broke over 4%, mortgage rates rose to over 7%, purchase apps fell again and we are still trying to find the elusive seasonal bottom for housing inventory. Weekly inventory change (Feb.

Inventory 407
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Both Inventory and New Listings on the Rise in August

Appraisal Buzz

While the market continues to favor sellers, 432,000 newly listed homes hit the market in August, with once-hotly-contested bidding wars cooling to close out Q3. The post Both Inventory and New Listings on the Rise in August appeared first on DSNews. The post Both Inventory and New Listings on the Rise in August appeared first on Appraisal Buzz.

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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 493
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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.

Inventory 525
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Housing inventory has never been lower

Housing Wire

It’s official – housing inventory in America is at a crisis level. The number of active listings hit an all-time low during the week ending November 28, according to a Redfin report published on Wednesday.

Inventory 516
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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.

Inventory 532
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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.

Inventory 430
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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.

Inventory 485
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Housing Market Tracker: Mortgage rates spike as inventory falls

Housing Wire

Another week down in 2023 and we’re seeing crazier action in the housing market as purchase application data fell, mortgage rates rose again, and weekly inventory took another dive with a noticeable move lower in new listing data. Weekly inventory change (Feb.10-Feb.

Inventory 365
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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

Inventory 467
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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.

Inventory 398
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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.

Inventory 491
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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 markets like San Diego and Los Angeles, any listing under $3 million on average takes less than three months to sell.

Inventory 440
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Elliman Magazine Column "Market Update" - New Inventory Is Falling

Miller Samuel

The post Elliman Magazine Column "Market Update" - New Inventory Is Falling first appeared on Miller Samuel Real Estate Appraisers & Consultants. I write a column for Elliman Magazine called "Market Update" that presents a chart and context around it.

Inventory 195
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Pandemic-fueled ‘lock-in effect’ likely to limit new spring listings

Inman

Black Knight data shows new listing volume is down 25 percent in January compared to pre-pandemic levels, the biggest drop since most of the country was in lockdown.

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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.

Inventory 324
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Even with low inventory, expect a strong 2021 housing market

Housing Wire

Even prior to the pandemic , housing inventory had hit record lows, and the problem has only gotten worse as demand continues to rise. The divide between supply and demand is striking: compared to last year, total new listings increased.22%, while total sales increased 19.29%.

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Housing inventory is down 40%. Buyers are paying the price

Housing Wire

Prices are up sharply as housing inventory continues to plateau , leaving 40% fewer homes on the market compared to last year, according to a report prepared by Black Knight. Instead of making up for the shortfall, new listings have slumped further in 2021.

Inventory 511
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Inventory needs to increase to balance housing market: Fed Beige Book

Housing Wire

While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. In other markets, including the Cleveland district, low inventory levels hindered home prices from dropping further.

Inventory 372
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Housing Inventory Gets Boost From Smaller Homes

Appraisal Buzz

More smaller homes are being listed, injecting some much-needed supply into the nation’s housing market as new listings rose 6.5% The post Housing Inventory Gets Boost From Smaller Homes appeared first on theMReport.com.

Inventory 195
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Housing Inventory Hit Record Lows in January

Appraisal Buzz

Seasonally adjusted new listings fell 12.4% We believe that the inventory crunch will ease in the summer as rates rise but may not go away in. The post Housing Inventory Hit Record Lows in January appeared first on Appraisal Buzz.

Inventory 195
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With Low Housing Inventory, Housing Prices Climb to Record High

Appraisal Buzz

Housing prices jumped the most since summer 2021 – up 17% year over year to a new high, according to a new report from Redfin. At the same time, a 7% drop in new listings kept homebuyer competition elevated amid rapidly rising mortgage rates. The post With Low Housing Inventory, Housing Prices Climb to Record High appeared first on Appraisal Buzz.

Inventory 150
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Housing Market Tracker: Purchase apps jump 25%

Housing Wire

Housing inventory decreased by 566 units, which is not a significant decline. Weekly housing inventory fell, but not by much. I want to see total inventory back at the 2019 level — this would mean NAR data breaking above 1.52 Weekly inventory change (Jan.

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Housing Market Tracker: Higher rates crush purchase apps 

Housing Wire

The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. Weekly housing inventory decreased by 6,801, while new listing data is still negative year-over-year.

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Housing Market Tracker: Mortgage rates fall after SVB failure

Housing Wire

Weekly inventory fell by 6201 , and new listing data is down noticeably from last year, which was different than last week. According to Altos Research data , housing Inventory fell by 6,201 over the last week; the decline is less this week than last.

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Are we seeing a mortgage rate lockdown?

Housing Wire

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. We are getting closer to that period where total inventory traditionally falls.

Mortgage 505
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Have we found the bottom in existing home sales?

Housing Wire

In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! “The principal factor was the rapid increase in mortgage rates, which hurt housing affordability and reduced incentives for homeowners to list their homes.

Inventory 478
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Housing Market Tracker: Banking crisis is a new variable

Housing Wire

Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? Weekly inventory increased by 1,734. The housing market was crazy again last week.

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The standoff between homebuyers and sellers

Housing Wire

Inventory, which has been falling for years, broke to all-time lows in 2020. We didn’t have a seasonal push in inventory in 2020, and things worsened in 2021. Of course, this has brought back some inventory, as demand weakness always creates inventory through accumulation.

Sellers 514
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Altos Research housing market predictions for 2023

Housing Wire

If economic conditions cause rates to jump over 7%, expect buyers to sit on the sidelines, allowing active inventory to build and time to sell a home to climb. Inventory In late January, there were 465,000 single family homes on the market, all across the country.

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Logan Mohtashami’s 2023 housing market forecast

Housing Wire

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Housing Inventory.

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The savagely unhealthy housing market is over

Housing Wire

However, the second is that inventory is simply too low, with too many people chasing too few homes, which means too many bidding wars. The bidding wars you heard about this year weren’t because of record-breaking demand but because active listings are still near all-time lows.

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The Cleveland Area Housing Market Was Skating Along… And Then This Happened

Cleveland Appraisal Blog

While we still have a significant shortage of housing inventory in Cuyahoga County, we had more active listings last month than we had in December 2020 and 2021. The chart below reflects the total active single-family listings in Cuyahoga County. Welcome to 2023!

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The housing market faces a three-pronged challenge

Housing Wire

Price impacts could strengthen again if 30-year rates continue to climb, as they have through late February, although tight inventory will put a floor on how much prices will ease, the report noted. in recent months due to a combination of falling demand and a weakening inflow of new listings.

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Lower mortgage rates are stabilizing the housing market

Housing Wire

Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. Total inventory levels. NAR: Total Inventory levels 1.22 million Historically inventory levels range between 2 million and 2.5

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Opinion: The end of seller speculation in US housing market

Housing Wire

metropolitan areas in February 2022, based on year-over-year growth in median listing price according to the residential real estate listing website, Realtor.com. The table also reports the year-over-year percent change in new listings for each market.

Sellers 391
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Mike Simonsen on leading indicators of a housing slowdown

Housing Wire

On the other hand, inventory is still near record lows, and there is so much pent-up demand and cash ready to deploy that we are still hitting new record home prices each week. Rapidly rising inventory. A sharp drop in the price of new listings.

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Did Housing Inventory in Atlanta Increase in the 1st Qtr of 2022?

Hank Miller Team

It's time to answer the nagging question…did housing inventory in Atlanta increase during the first quarter of 2022? Traditionally, the months of May and June see the most new listings as the school cycle hits – graduating families sell and rising families buy.