Housing Wire

APRIL 6, 2024

Weekly housing inventory data — both active inventory and new listings — are prone to one-week moves that deviate from a trend, especially if people are going Easter egg hunting. But, despite the weekly moves, the one bright spot for housing is that housing inventory is growing on a year-over-year basis. 2022: 17.6%

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Housing Wire

DECEMBER 16, 2023

That means we’ve had a positive trend for the last five weeks. 9, 2022, and for many years: It’s rare the U.S. to have existing home sales trends below 4 million with any duration post-1996. Last year, according to Altos Research , the seasonal peak for housing inventory was Oct. Weekly inventory change : (Dec.

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Housing Wire

FEBRUARY 10, 2024

So far in 2024, fewer homes are taking price cuts than in 2023, and this trend is on the verge of breaking below the 2023 lows in price cuts percentages. We might have an average year in housing compared to the past four years! After November of 2022, home sales stopped crashing and the price-cut percentage data has stabilized.

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Marco Santarelli

DECEMBER 28, 2021

We will discuss the latest Pittsburgh housing market trends and find out how they can affect investors and homebuyers in 2022. Pittsburgh's hot housing market appears to be cooling down for the holiday season, owing to the customary cooling-off period at the end of the year. The housing inventory is declining.

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Housing Wire

DECEMBER 9, 2023

The most underreported housing story I’ve seen this year is that even with mortgage rates rising to 8%, the number of homes that took price cuts before they sold was 4% below 2022 levels. Weekly housing inventory data We will start with the price cut data percentage because it deserves a detailed explanation.

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Housing Wire

JANUARY 20, 2024

Housing inventory, new listing data and mortgage rates are all rising, but the price cut data percentages are falling. However, at the current trend, we will break below the lows in the price cut percentage data that we saw in 2023 in the spring of this year. We have had a positive trend streak since rates have fallen.

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Housing Wire

MAY 4, 2024

Weekly housing inventory data I was looking for a hat trick this week after higher mortgage rates fueled more inventory growth, but that stalled out last week. Last year, during this same timeframe, inventory fell week to week as well, so always remember that a trend is more important than one week’s data.

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Housing Wire

FEBRUARY 4, 2024

Weekly housing inventory data One substantial positive story for 2024 is that we have more housing inventory year over year. I am a very pro-housing supply person and will feel much better about the housing market when we return to pre-COVID-19 levels for total active listings.

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Housing Wire

APRIL 18, 2024

In a newly released trends report, FinCEN highlighted more than $27 billion worth of “suspicious activity” across more than 155,000 filings of Bank Secrecy Act (BSA) data with FinCEN between June 15, 2022 and June 15, 2023. Department of the Treasury , is sounding the alarm over challenges faced by elder financial exploitation (EFE).

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Housing Wire

FEBRUARY 12, 2024

Loan volume between the third and fourth quarters declined by 21%, but that was far less than the 37% drop from Q3 2022 to Q4 2022, the report showed. Meanwhile, loan volume in the fourth quarter was up by 1% year over year, a significant increase from the annualized decline of 65% in Q4 2022.

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Housing Wire

JANUARY 6, 2024

If the current trends continue into the strong seasonal pricing period, we will see fewer homes that are discounted before selling. I believe this was the most overlooked housing story of the last year because even as mortgage rates rose all the way to 8% , the home price cut percentage data was always about 4% lower year over year.

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Marco Santarelli

DECEMBER 13, 2022

In 2022, Canada's housing market maintained its downward trend, with the volume of home sales decreasing by a third compared to the previous year and house prices falling by over 10%. Increased borrowing costs represent a short-term shock to the housing market. percent year-over-year in November 2022.

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Housing Wire

APRIL 18, 2024

From NAR : The median existing home price for all housing types in March was $393,500, an increase of 4.8% Supply being near all-time lows is one thing, but existing home sales aren’t crashing like they did in 2022. Of course this isn’t the healthiest housing inventory story. This is never a good thing for housing.

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Housing Wire

DECEMBER 12, 2023

Research from the AEI Housing Center found that these buydowns are not only an effective tool to qualify income-constrained buyers and alleviate excess inventory, but they have also allowed builders to forgo home price cuts. The beginnings of mortgage rate buydowns Homebuilders had a less-than-ideal beginning as 2022 dawned.

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Housing Wire

MARCH 18, 2024

Relitix’s Agent Movement Index continues to rise on a seasonally adjusted basis as real estate agents continue the trend of switching brokerages at a faster rate than 2023. This could represent a stabilization in the agent pool which is an additional helpful trend. We are continuing a trend toward normalization of the housing market.

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Housing Wire

MARCH 12, 2024

The new platform will enable lenders to track their volume trends, see how their loan pricing compares to competitors and gain insights into loan origination profit margins, Polly stated. Lenders can also license Polly’s raw data for use in tandem with existing in-house tools.

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Housing Wire

JULY 9, 2023

The slow zombie crawl of housing inventory went lower last week as inventory was negative week to week. This is truly a savagely unhealthy housing market as we have too many people chasing too few homes. As we can see in the chart below, it’s been so slow that year-over-year inventory is now negative versus 2022.

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Housing Wire

DECEMBER 30, 2023

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housing market and which factors to follow.

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Housing Wire

JUNE 11, 2023

Weekly housing inventory We have two big housing inventory themes in 2023 that must be discussed. As you can see in the chart below, the inventory growth has been so slow that if the current trends continue, we will show negative year-over-year inventory prints. This happened in 2014 and 2022 when we saw a weakness in demand.

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Housing Wire

MARCH 2, 2024

Weekly housing inventory data Mortgage rates are still above 7% and haven’t been able to break below 6.50% for some time now. Most home sellers are buyers of homes, so the action we are seeing this year is a healthy step in the right direction to get more balance in the housing market.

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Housing Wire

FEBRUARY 21, 2024

FICO originally released 10 T in 2020, saying that the new model allowed lenders to have greater precision in making lending decisions through the incorporation of trended credit bureau data. The word “trended” is the source of the “T” in the 10 T name. a competing model that incorporates trended credit bureau data.

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Housing Wire

DECEMBER 8, 2023

These were created to bring down inflation by impacting the labor market but they disproportionally affected housing in a negative way. Job openings got all the way to 12 million in March 2022 and are currently at 8.7 However, the trend is still the same: job growth is slowing down as it should, but we haven’t broken yet.

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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.

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Housing Wire

JANUARY 13, 2024

Last week, housing inventory grew and the number of price cuts fell, which is expected at this time of the year. I hope the next thing we see is housing inventory grow at the level it typically does in January or February instead of being delayed until March or April. 2022 21.7% 2022 21.7%

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Housing Wire

SEPTEMBER 16, 2023

What’s going on with housing inventory ? The last four weeks of new listings data have been the most volatile since mortgage rates breached 6% in 2022. In reality, the volatility in housing inventory is due to the Labor Day holiday, the start of school and the fact that new listings are trending at the lowest levels ever.

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Housing Wire

MARCH 27, 2024

Pre-pandemic, Jacksonville’s housing market was propelled by strong tailwinds: affordability relative to the rest of the Sunshine State, Florida’s lack of income tax and the quality of life benefits of having a river and oceanfront, to name a few. Listings jumped at both the state and city levels in 2021 and 2022.

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Housing Wire

JANUARY 12, 2024

in mid-2022. To conduct this study , Redfin analyzed data from the Federal Housing Finance Agency ’s National Mortgage Database as of the third quarter of 2023. Others simply want to move to a different house or city. For repeat buyers and first-time buyers who entered the market in 2022, the average mortgage rate was above 6%.

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Housing Wire

NOVEMBER 4, 2023

Weekly housing inventory dat a All I want for Christmas is one week of active inventory growth to be between 11,000-17,000 and not even Santa Claus can help me out here because the inventory growth rate has slowed down once again. Last year, the seasonal peak for housing inventory was Oct. 28, according to Altos Research.

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Housing Wire

JANUARY 28, 2024

Housing demand is up and it’s time to track the spring housing data and see what the selling season will bring. Once I make some holiday adjustments, we have eight weeks of a positive trend since mortgage rates fell from the 8% high , and as of now, the slightly higher rates we’ve seen recently haven’t impacted the data just yet.

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Housing Wire

APRIL 16, 2023

The seasonal housing inventory bottom evaded us again last week as active listings fell and new listing inventory decreased. Here’s a quick rundown of the last week: Active inventory fell 5,383 last week, and new listing data is still trending at all-time lows in 2023.

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Housing Wire

SEPTEMBER 10, 2023

Does this mean housing inventory has begun its seasonal decline? However, one week doesn’t make a trend. However, in 2022, home sales were collapsing in the fastest fashion ever in history, so we must be mindful of comparing this year to last. I am hoping we regain the previous trend next week.

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Housing Wire

NOVEMBER 18, 2023

Did the recent move lower in mortgage rates turn the housing market positive? Still, the 10-year yield and mortgage rates are higher today than last year, and the inflation growth rate is lower than the peak inflation growth rate in 2022. Last year, according to Altos Research , the seasonal peak for housing inventory was Oct.

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Housing Wire

APRIL 3, 2023

Last week was relatively calm for the housing market after the fiasco of the banking crisis. Housing demand grew and inventory levels fell again while mortgage rates rose. Active inventory fell by 3,141, and new listing data fell again and is still trending at all-time lows. Mortgage rates rose to 6.57%.

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Housing Wire

AUGUST 25, 2023

prices — among them is the housing market, Powell said Friday morning during an economic policy symposium in Jackson Hole, Wyoming. “In addition, after decelerating sharply over the past 18 months, the housing sector is showing signs of picking back up. . Other components of inflation show different trends. .

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Housing Wire

APRIL 24, 2024

Few cities have benefited as much from the recent trend of Americans increasingly moving south as Dallas. The Dallas-Fort Worth-Arlington metro area had the largest increase in population count between 2021 and 2022 of any metro area in the country, adding more than 170,000 people , according to the U.S. Census Bureau.

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Housing Wire

NOVEMBER 25, 2023

Lower mortgage rates tend to take housing supply off the market and demand has been picking up lately as rates have fallen. However, the recent drop in housing inventory has more to do with seasonality factors than lower mortgage rates. Housing inventory fell this week, which is 100% related to seasonality.

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Housing Wire

JUNE 9, 2023

Home prices aren’t crashing, despite what the housing bubble boys are saying. The housing bubble boys are a crew that from 2012 to 2019 screamed housing crash every year. Well, it’s June 9, 2023, and home prices have been firm month to month, not showing anything that resembles the housing bubble crash years.

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