Housing Wire

JULY 2, 2023

Housing inventory finally broke under 2022 levels last week. To give you an idea how different this year is from last year, last week in 2022, active listings grew 30,940 while this year they only grew 5,848. Since May 15, that trend has continued to the point that inventory in America is now negative year over year.

Marketing 458

Marketing Mortgages As-is Sales 458

Housing Wire

MARCH 19, 2023

The housing market was crazy again last week. 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? New listing data collapsed, but we are putting an asterisk on that data line for this week.

Banks 384

Banks Marketing Mortgages As-is 384

Housing Wire

MARCH 26, 2023

These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. Here’s a quick rundown of the last week: The 10-year yield had a Lord of Rings battle at a critical technical level, pushing mortgage rates lower at the end of the week with no real break in the bond market.

Mortgages 450

Mortgages Marketing Banks Closing 450

Housing Wire

JANUARY 5, 2023

It got so bad that I labeled the housing market savagely unhealthy in February and deemed it the worst housing market post-2010, as inventory broke to all-time lows and mortgage rates were simply too low to stop the bidding wars. Housing went into a recession in June and mortgage volume fell off a cliff. in total for the year.

Marketing 543

Marketing Mortgages Sales As-is 543

Housing Wire

JUNE 18, 2023

Mortgage rates were near 7% last week but purchase applications were still able to pull out an 8% week-to-week gain. Purchase apps were coming off a four-week losing streak and even though those were mild week-to-week declines, it was still four weeks of weakness. The growth we saw from Nov.

Marketing 491

Marketing Mortgages Banks Sales 491