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Housing Market Tracker: Spring inventory falls

Housing Wire

Just when I thought it was safe to say we were getting more traditional spring housing inventory , we hit a snag last week, as active inventory and new listings declined. Weekly housing inventory The numbers this week are unfortunate: inventory should be growing like it does at this time every year.

Inventory 483
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Why home-price growth is still up 18% year over year

Housing Wire

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. Housing inventory issue with no booming demand. Housing inventory issue with no booming demand. crash, especially from 2012-2019. million listings.

Inventory 381
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Mortgage credit availability falls 0.3% in June

Housing Wire

A decline of the index, benchmarked to 100 in March 2012, indicates lending standards are tightening, while an increase suggests loosening credit. . The monthly Mortgage Credit Availability Index (MCAI) fell by 0.3% in June, according to the Mortgage Bankers Association. Credit availability was mixed by loan type.

Mortgage 380
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Mortgage credit availability dips as home prices surge

Housing Wire

Mortgage credit availability dropped in March, a sign that lenders tightened credit standards amid insufficient inventory of homes for sale and rising mortgage rates. A decline of the index, benchmarked to 100 in March 2012, indicates that lending standards are tightening while an increase suggests loosening credit.

Mortgage 350
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The forbearance crash bros spoke too soon

Housing Wire

Due to the loosey-goosey lending standards of the time, many of these delinquent loan holders had little to negative equity. Here is another precedent: Back in 2012, our housing bear buddies kept insisting that the housing market had 4 million to 5 million homes in what they called shadow inventory.

Inventory 545
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Is the Dallas Fed right to label this a housing bubble?

Housing Wire

crew, this would mean home prices would have to get back to 2012 in a short amount of time. since the 2012 lows and that is the magnitude of decline we would need to see to justify using the term “housing bubble.” Especially in a year when inventory has crashed to all-time lows and demand for those houses is still so high.

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Mortgage credit availability falls 0.9% led by shrinking refis

Housing Wire

A decline of the index, benchmarked to 100 in March 2012, indicates lending standards are tightening while an increase suggests loosening credit. to 120 in May, the lowest level since July 2021, according to the Mortgage Bankers Association. MBAs Market Composite Index dropped 6.5%, marking the lowest level in 22 years.

Mortgage 333