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Housing Market Tracker: Inventory drops by 11,000

Housing Wire

The housing market faced some serious obstacles last week as the 10-year yield broke over 4%, mortgage rates rose to over 7%, purchase apps fell again and we are still trying to find the elusive seasonal bottom for housing inventory. I discussed my theory on why inventory bottoms out later in the year on this HousingWire Daily podcast.

Inventory 422
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Why housing inventory is so low right now

Housing Wire

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what? months versus 6.3

Inventory 492
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Why housing inventory is so low right now

Housing Wire

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what? months versus 6.3

Inventory 404
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Overblown rumors of demise? NAR has lost only 45K members since December

Housing Wire

Details of the latest membership count comes as the trade group works to implement a series of major rule changes stipulated by the Sitzer/Burnett commission lawsuit settlement agreement, as well as fewer market opportunities for members due to historically low levels of existing-home sales inventory. Membership dipped just below 1.5

Realtors 297
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AmeriHome plans to go public – Let’s look at the numbers

Housing Wire

Like other mortgage firms, California-based AmeriHome has captured a glut of business over the last year due to low interest rates and paltry inventory. from 2015 to LTM Q2 2020, positioning us as the third largest correspondent producer.” from 2015 to LTM Q2 2020, positioning us as the third largest correspondent producer.”

Valuation 237
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“It’s math:” How mortgage solutions companies are fighting for survival

Housing Wire

With a deadly combination of low housing inventory, reduction in refis and surging mortgage rates, consolidation in mortgage tech is expected. As the market has shifted, however, with mortgage rates rising in 2022 faster than forecast and lenders quickly cutting costs, some tech providers now are left vulnerable. Strategic M&As.

Mortgage 325
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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.”.