Housing Wire
FEBRUARY 10, 2024
While weekly inventory is still falling, we have year-over-year growth in total active listing and new listings data. A perfect example was in 2022: when housing inventory rose faster as demand crashed, the percentage of price cuts rose faster. Here is a look at last week: Weekly inventory change (Feb.
Housing Wire
NOVEMBER 11, 2023
Total housing inventory growth has been slow in 2023, but with rising mortgage rates over the last few months, inventory has grown a bit faster than average. The question now is: Have we hit the seasonal peak in inventory for 2023? Last year, according to Altos Research , the seasonal peak for housing inventory was Oct.
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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.
Housing Wire
MARCH 6, 2023
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. I discussed my theory on why inventory bottoms out later in the year on this HousingWire Daily podcast.
Housing Wire
DECEMBER 3, 2020
Even prior to the pandemic , housing inventory had hit record lows, and the problem has only gotten worse as demand continues to rise. Total home sales are outpacing new listings by a wide margin every month, and real estate tech company Homesnap foresees the shortage continuing in 2021 unless more sellers enter the market.
Housing Wire
DECEMBER 2, 2023
Purchase application data Hello, early Christmas present! Weekly housing inventory data It’s December, which means the seasonal decline in housing inventory is well underway, which means in 2023, I have batted a whopping zero on how much I predicted weekly inventory would grow with higher mortgage rates.
Housing Wire
JANUARY 23, 2023
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 We don’t want inventory to stall during this time of the year; it should grow into spring.
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