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Lower mortgage rates are stabilizing the housing market

Housing Wire

What I mean by a credit bust is that after the housing bubble burst in 2005 into 2006, we saw a massive increase in supply. These were forced credit sellers, which means these sellers don’t sell to buy a home like a traditional seller does. Total inventory levels. NAR: Total Inventory levels 1.22

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The savagely unhealthy housing market is now a nightmare

Housing Wire

Since March of this year, housing demand has been falling more and more, but inventory is still below the 2010, 2013, 2016, and 2019 levels, which is a nightmare. Because housing is shelter, people don’t sell their homes to be homeless; it’s where they live. The only way this happens is higher rates.

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How housing credit is shaping housing inventory

Housing Wire

Since most sellers are buyers, inventory should be stable if demand is stable. This is what happened post 2010: The millennials started to buy homes in 2013 and they finance 90% of those homes. So you can see why we have so few stressed sellers. Demographics also play a role here.

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CBC Mortgage Agency offers temporary rate buydowns on FHA loans

Housing Wire

“We’ve had a lot of requests for a buydown feature, and we hope it provides some relief to buyers during the current state of the housing market,” Zwick added. United Wholesale Mortgage and Rocket Mortgage offer lender-paid temporary rate buydown options in addition to seller-funded buydowns.

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Forbes launches luxury home listing marketplace

Housing Wire

Forbes launched a luxury home listing platform which the company says will capitalize on its audience and “connect, inform, and inspire high-net-worth potential homebuyers and sellers” about properties for sale around the world. How to gain more listing visibility in a shifting housing market.

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Can lower mortgage rates stop the housing recession?

Housing Wire

People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% The question is, can lower mortgage rates save the housing market from its recent downtrend? We saw this in 2013-2014 and 2018-2019. The downside of rates moving up so quickly is that some sellers pull the plug until rates are better.

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Why purchase application data is below 2008 levels

Housing Wire

However, the housing market did run into one problem in 2020. Inventory levels broke to all-time lows and thus created massive housing inflation quickly, which broke my model. I knew housing would be OK as long as home prices only grew at 23% over five years — 4.6% We saw this happen in 2013-2014 and 2018-2019.