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Existing home sales lay the path for the 2024 housing market

Housing Wire

Did today’s existing home sales report give us a playbook for housing in 2024? I would argue yes, and the housing market today looks a lot like what we saw in late 2022. I give more details in this interview on why I believe the housing market dynamics shifted on Nov. So, let’s not make that mistake in 2024.

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Opinion: Here’s the latest data on what Realtors are witnessing in the housing market

Housing Wire

However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years. It is always good to know where we are with the real estate market, but it is essential to keep all data in historical perspective. . Historically 2.5

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Will 2022 be a good year for real estate investors?

Housing Wire

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business. It’s simply a matter of adjusting your investment strategy to optimize current market conditions.

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What would it take to crash the housing market?

Housing Wire

One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. million — once that happens, I can take the unhealthy label off the housing market.

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Existing home sales are working from a historic low bar

Housing Wire

Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale. My entire theme around the savagely unhealthy housing market is based on the premise of too many people chasing too few homes.

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All-cash transactions gain traction amid high mortgage rates: Redfin

Housing Wire

metropolitan areas since 2011. Affluent Americans (or investors) are the only ones who can bypass the sting of high mortgage rates by paying all cash. Affluent Americans (or investors) are the only ones who can bypass the sting of high mortgage rates by paying all cash. That’s the highest down-payment percentage since June 2022.

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Mortgage rates continue to climb beyond 7%

Housing Wire

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. Investors are concerned that the central bank will continue raising the funds rate, pushing borrowing costs even higher. What does it mean for the housing market ?

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