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Housing Market Tracker: Inventory drops by 11,000

Housing Wire

Weekly inventory fell much more than the previous two weeks, down 11,021; new listing growth had its lowest weekly calendar print for this previous week. The new listing data had its lowest weekly print ever, down slightly from last year but more noticeably from what we traditionally saw in the previous decade.

Inventory 502
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Existing home sales data shows extent of housing inflation

Housing Wire

Existing home sales have more legs to go lower, especially now that new listing data is falling. A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. million in August.”

Inventory 458
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Lower mortgage rates are stabilizing the housing market

Housing Wire

One issue that has created a waterfall dive in purchase application data and sales is that new listing data is declining faster than usual. Remember that inventory is always seasonal; it rises in the spring and summer and fades in the fall and winter. Traditionally, when mortgage rates rise post-2012, home sales trend below 5 million.

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Housing Market Tracker: Housing inventory falls once more

Housing Wire

Right after I made that forecast, new listing data started to decline earlier and faster than usual, which put a big dent in the forecast. This is only the second time in recent modern-day history that inventory starts the year under 1,000,000. Weekly inventory change (Jan. million using the NAR inventory levels.

Inventory 496
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Housing Market Predictions for 2022 and Other Appraisal News

McKissock

Plus, what will it take to modernize the appraisal process? Read on for this week’s appraisal news and insights. “Higher mortgage rates will end double-digit price growth and new listings will hit a 10-year high,” predicts Redfin. Opinion: The path to modernizing the appraisal process.

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Chicago Housing Styles

Rowe Appraisal Group

Have you ever gotten a new listing, took one look and started scratching your head and asking yourself how you are going to describe this to prospective clients? Something funky, modern-looking or new could fall under that category. How do you avoid using the catch-alls “Traditional” and “Contemporary”?

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Chicago Housing Styles

Rowe Appraisal Group

Have you ever gotten a new listing, took one look and started scratching your head and asking yourself how you are going to describe this to prospective clients? Something funky, modern-looking or new could fall under that category. How do you avoid using the catch-alls “Traditional” and “Contemporary”?