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Is the savagely unhealthy housing market back?

Housing Wire

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. This is why the days on the market are so low historically after 2020.

Marketing 538
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Xactus targets lenders through active listing data

Housing Wire

Verification solutions provider Xactus wants to court more lenders through its active listing data in a tight housing market. Xactus Wednesday announced its new active listing scan program, which will scan residential addresses for changes in listing status and the average number of days on market for a neighborhood.

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Housing Market Tracker: Inventory gets summer lift

Housing Wire

But, last year saw the biggest home sales crash ever recorded in history, so the rise in inventory last year happened because of an abnormal event and we were working from a very low bar. Nothing good is happening in housing when days on market are so low. Pending home sales will be out next week.

Marketing 404
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Why home-price growth is still up 18% year over year

Housing Wire

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. From the index : I know it seems strange, but existing home sales are falling, and the monthly supply of new homes is at 10.9 crash, especially from 2012-2019.

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Housing Market Tracker: Inventory disappoints again

Housing Wire

but it needs weakness in demand and days on market to grow so inventory can accumulate. While this weakness isn’t creating the waterfall dive in demand we saw last year; it will still show up in the sales data over the next few months. This happened in 2014 and 2022 when we saw a weakness in demand.

Marketing 513
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Think US home prices are high? At least we aren’t Canada

Housing Wire

foreign buyers have always been less than 300,000 of total home sales for many years. When you think about our total home sales being between 5-6 million, foreign investment isn’t that much. The days on market grow, which gives people more choices and less forced bidding. Here in the U.S., Size also matters.

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Bidding wars are starting to cool off

Housing Wire

For the fifth consecutive month the number of bidding wars on home sales declined, according to a new report from brokerage Redfin. In September, 58.9% of offers written by Redfin agents ended up in a bidding war, the lowest rate so far in 2021 and nearly on par with the September 2020 bidding war rate of 58.3%. A month prior , 60.8%