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New listings data falls for third week in a row 

Housing Wire

New listings data has been moving lower over the last few weeks. The moves haven’t been significant and our weekly pending contracts data picked up this week. But, we need to see more growth in new listings data just to grow from 2023 levels.

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Housing Market Tracker: Mortgage rates and inventory fall together

Housing Wire

The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. Active inventory fell 1,109, and new listing data made a lovely comeback week to week but was still noticeably down year over year. In a regular market, they would be closer to 5.25%.

Inventory 434
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Will a wider war in the Middle East push mortgage rates higher or lower?

Housing Wire

Mortgage rates headed higher last week after the CPI inflation report , but now, with news of a wider war in the Middle East, should we expect even higher rates? Some argue that money will go into the safety of the bond market, while others say a wider war can lead to higher inflation and higher rates.

Inventory 422
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Mortgage rates hold steady at key level for now

Housing Wire

Mortgage rates were lower in late 2022 and early 2023 with a higher inflation growth rate and the Fed still hiking because the bond market anticipated a Fed pivot or a recession, neither of which happened. As mortgage rates rise, there is weakness in demand and homes don’t go into contract immediately.

Mortgage 445
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Is The Real Estate Market Shifting?

Birmingham Appraisal

Has There Been a Shift In The Real Estate Market? From all indications, there has been a definite shift in the real estate market. The recent increase in interest rates has injected another variable into the market that participants are reacting to. The net effect would be an increase in the listing count.

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Connecticut 2023 Year in Review

Lamacchia Realty

The reduction in sales in 2022 was not surprising but rather a relief, considering the unsustainable frenzy of the 2021 market. The slower market activity in the following year reflects a move towards equilibrium. Lowest number of homes listed in recorded history, decreasing by 19.7% Will the 2024 Real Estate Market Improve?

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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. Not really sure.”.