article thumbnail

New listings data unfazed by 8% mortgage rates

Housing Wire

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.

article thumbnail

New listings take a hit, possibly due to higher mortgage rates

Housing Wire

Did the recent move in higher mortgage rates impact the new listings data more than normal? I hope this isn’t the case, but we had a noticeable move lower in new listings last week. Weekly active listings rose by only 6,618. The Fed spoke at Jackson Hole last Friday but that didn’t move mortgage rates much.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Redfin: New Listings Continue to Increase, Bringing Some Buyers Back to Market

Appraisal Buzz

As of March 17, there were roughly 795,645 active listings. There were roughly 88,902 new listings added during that same four weeks – and increase of 15% and the biggest increase since June 2021. The surge in listings is bringing some buyers back to the market, the firm says. The total number of U.S.

article thumbnail

Buyers continue downward spiral, but new listings may be steadying

Inman

But new listings aren't declining as quickly, Redfin reports. Homebuyers are backing away from the market as mortgage rates continue to climb.

article thumbnail

Sluggish net new listings signal that the lock-in effect is not over

Inman

percent decline in net new listings and a 2 percent decrease in contract signings, driven by mortgage rate fluctuations, according to HouseCanary. In January, the real estate market saw a 17.5

article thumbnail

New Listings Suggest Shift in Housing Market

Appraisal Buzz

” The post New Listings Suggest Shift in Housing Market appeared first on theMReport.com. The post New Listings Suggest Shift in Housing Market appeared first on Appraisal Buzz.

article thumbnail

A recovery in new listings is easy to miss — but it may be underway

Inman

Winter is always slow, but new listings have been trending toward normal levels in recent months, according to a new Intel analysis of US homes for sale. Lower rates may only speed up the process.