The hottest Housing Inventory Substack posts right now

California home sales have dropped for the fourth month in a row, going down by 4.1% compared to last year. This shows a clear slowdown in the housing market.
The median home price in California also fell for the third month straight, reaching a low of $884,050. This drop is unusual for this time of year and suggests that fewer people are buying homes.
Active listings of homes for sale are at a 69-month high, increasing by 37.7% from a year ago. However, the rate of new listings is slowing down, which could indicate a shift in the market.

Existing-home sales dropped by 2.7% in June, totaling 3.93 million sales at an annual rate. This marks five months where sales have not increased compared to the previous year.
The inventory of unsold homes fell slightly, but it increased by 15.9% from last year. This suggests that while there are more homes available now, it hasn't translated into more sales.
Median home prices went up by 2.0% compared to last year, indicating that while sales may be slowing, the prices for available homes are still climbing.

Existing-home sales rose by 0.8% in May compared to April, but they are still down 0.7% from last year. This trend indicates a mixed market performance.
The total housing inventory increased significantly, showing a rise of 20.3% year-over-year. More choices for buyers could ease some pressure on the market.
The months of unsold inventory went up to 4.6 months, which means houses are staying on the market longer. This level is higher than before the pandemic, suggesting a shift in buyer demand.

In November, existing-home sales rose to 4.15 million, marking a 4.8% increase from October. This shows a positive trend in the housing market after a long time.
Median house prices went up by 4.7% compared to last year. This indicates that homes are becoming more expensive, even as sales are improving.
The total housing inventory declined slightly to 1.33 million units, but it's still higher compared to last year. There's a good amount of homes available, but the sales pace keeps inventory lower than before.

Existing home sales saw a year-over-year increase in November, but overall sales are still low compared to past years. This means the market is slowly improving but hasn't fully bounced back yet.
Inventory levels of homes for sale are rising, especially in states like Florida and Texas. More available homes could impact house prices as we move into the winter months.
New listings are showing slight growth, but they remain lower than historical norms. This could mean fewer options for buyers compared to previous years.

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First-time homebuyers constituted a significant portion of GSE purchase loans in 2023, reaching a record 47%, the highest in at least a decade.
Mortgage originations in 2023 hit a 30-year low, with a heavy focus on purchase transactions, while refinance lending showed potential for growth if rates decrease.
In January, mortgage delinquencies dropped to 3.38%, the lowest level since October, indicating a positive trend below pre-pandemic levels.