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Lower mortgage rates are stabilizing the housing market

Housing Wire

Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. Total inventory levels. NAR: Total Inventory levels 1.22 million Historically inventory levels range between 2 million and 2.5 NAR: Total Inventory levels 1.22 Mortgage rates went from a low of 2.5%

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The standoff between homebuyers and sellers

Housing Wire

There’s a showdown at the housing market corral between homebuyers and sellers. When I came up with the “ savagely unhealthy housing market ” label in February of this year, it was based on the premise that the housing inflation story that we have had to deal with since 2020 was a historical event.

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Existing home sales data shows extent of housing inflation

Housing Wire

The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . Since the summer of 2020, I have talked about what could change the housing market, which was a 10-year yield above 1.94%, which means rates over 4%.

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RISING INFLATION, RATES TRIP UP HOUSING MARKET

Will Springer Realtor

The screeching you heard in June was the sound of brakes being applied to the housing market across the U.S. The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011.

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Can 3-D printed homes help solve the housing crisis?

Housing Wire

To Ballard, 3D printing technology is evolving to solve a crisis in modern day America and the world: The failure to meet people’s demand for housing. The future will mean housing is abundant, affordable, beautiful, diverse, and exciting,” Ballard said. “The The secret of the ooze.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Some might argue the cold is emanating from the near-frigid Q4 real estate market, knocking the bloom straight off the housing-market rose in our region. The Seattle luxury condo market is taking it on the chin, with prices in downtown/Belltown down 19% for the month and 24% YoY ($515K) on 7.7 months of inventory.

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HINTS OF SHARP INCREASE IN NEW CONSTRUCTION

Will Springer Realtor

One of the hottest search phrases on Google today is, “When is the housing market going to crash?”. Not “ Will the housing market crash?” See the August housing report further below, if you dare!). Most notably, it’s the first time mortgages declined from Q1 to Q2 since 2011, according to ATTOM Data Solutions.