Why do we need more active listings

The most up-to-date weekly inventory data

To keep it simple, demand stabilized from the most significant home sales crash in history.

If you like charts and dates, this article will explain everything with pricing

If you wanted an educational tutorial on how we got here since the housing market is very different this year vs. last. This podcast will give you the proper reasons and dates why things have changed since November 9th, 2022

There is a way to break under 4,000,000, but again the velocity of the data just is different. This is a big reason we will see negative year-over-year inventory prints soon. I know that sounds crazy, but it's where the trend data is taking us for now.

To be dead honest, not much is happening right now compared to what was happening last year; the market is very dull. You want to play the edges on demand; I believe that the 4.55 million print we had earlier should be the peak this year, play the 4 million level on the low-end

If the weekly data seems like a big bounce, it was, but remember, the week before was a holiday week, so with any holiday week, be mindful that we might have some strange-looking 2-week data.

Year to date, 11 positives vs. 11 negative data Since November 9th, 18 positives vs. 11 negative data After February 2nd, it's been a wash in this data line. No real direction either way. We are working from a historically low bar, a tad over 2014 levels. Context is vital.

Purchase application data update +8% week to week, breaks the 4-week negative run -27% year over year ( Remember comps are getting easier for YoY data, don't put too much weight here) Let's review where we are today since seasonality is over with this data line.

One of the reasons inventory data slowed this year was that when rates did get at 6%, demand stabilized, and it stalled inventory growth. This is why inventory data will print some negative year-over-year data in a few weeks. 7% rates should should create more inventory growth

@leadlagreport here is some of clean weekly inventory year to date as of last week

Inventory coming to the market with weakness in demand and duration allows inventory to grow. Also, we can pick up stressed supply data with new listing data. So far, 2023 is still trending at all-time lows. You're going to need this data to grow rapidly

We always have to remember with inventory, if something comes to the market and gets bought, that home is gone; even if 50% of all the Airbnb homes come to the market overnight, if demand is stable it doesn't even get us to the 5-decade average of active inventory.

How to pop the pickleball bubble

We will need higher rates for longer to have a similar impact on demand as we saw in 2022 for the rest of the year in 2023.

With inventory still near all time lows, does anyone dare ask the Fed, was this the #HousingReset 😭😁😏

New listing data is still trending at all time lows and that is 👹👺

Zonda and @Housingwire represent today

Theme of this session

😎🤘🏽 you are all awesome 🔥

Think the chart is big enough?

What to look for in the 2nd half of 2023