Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The spread between the 30-year fixed-rate mortgage and the 10-year Treasury yield has narrowed after sitting at over 300 basis points, compared to the historic norm of 150 bps.

Mortgage 438

Mortgage Loan Officers Inventory Business 438

Housing Wire

DECEMBER 13, 2023

in 2025, indicating four more 25 bps cuts. What does this mean for mortgage rates? Mortgage rates should get better. ” Mortgage rates track the yield on 10-year U.S. When Treasury yields go down, so do mortgage rates. These cuts will allow mortgage rates to fall faster throughout 2024.

Inventory 457

Inventory Housing Market Mortgage Law 457

Housing Wire

FEBRUARY 9, 2022

That same group of individuals was also shocked to see that mortgage demand picked up very noticeably toward the end of the year in 2021; even I labeled the existing home sales market as outperforming due to mortgage demand, which makes the survey look incorrect. I knew the fall and winter fade of inventory was coming.

Inventory 370

Inventory Buyers Sellers Investors 370

Housing Wire

FEBRUARY 9, 2022

That same group of individuals was also shocked to see that mortgage demand picked up very noticeably toward the end of the year in 2021; even I labeled the existing home sales market as outperforming due to mortgage demand, which makes the survey look incorrect. I knew the fall and winter fade of inventory was coming.

Inventory 369

Inventory Buyers Sellers Investors 369

Housing Wire

JULY 17, 2023

In the fall of 2022 after mortgage rates jumped to 7.5%, I thought maybe we’d missed the soft landing call. By October 2022, it looked like 2023 would have rising inventory and falling home prices. Sellers have not materialized, and buyers have been buying everything that becomes available. Inventory has fallen all year.

Real Estate 283

Real Estate Marketing Inventory Contracts 283

Housing Wire

DECEMBER 20, 2023

Last week’s DataDigest offered readers a host of housing forecasts from industry experts at banks, trade associations and more, the thrust of which was housing professionals should expect a modestly better year of sales thanks to retreating mortgage rates in the year to come. ” Wells Fargo predicted mortgage rates of 7.2-6.7%

Mortgage 389

Mortgage Realtors Real Estate Marketing 389

Will Springer Realtor

APRIL 9, 2024

For housing and mortgage professionals, however, these apparent highlights are persistent nuisances. However, we are missing the typical boost of sellers. months (20 days) of available inventory. North King County, including Shoreline and Lake Forest Park, had the smallest inventory as of April 1 – 0.5 There are 1.8

Marketing 60

Marketing Inventory Buyers Sellers 60

Will Springer Realtor

FEBRUARY 13, 2024

Total inventory remains low, however, keeping prices higher on an annual basis. People are seeking to move on as they experience life-changing moments – if they can afford what sellers are seeking. Active listings typically fall when mortgage interest rates fall and rise when interest rates rise. months’ inventory, up from 1.4

New Listings 54

New Listings Buyers Inventory Lending 54

Lamacchia Realty

DECEMBER 26, 2023

ANTHONY LAMACCHIA'S 2024 REAL ESTATE MARKET PREDICTIONS Anthony is obsessed with tracking the data and in this article written at the end of 2023 he explains how the market is shaping up based on trends and what Buyers and Sellers can expect in 2024. Second, sellers can only hold off for so long. I see that happening for a few reasons.

Sellers 74

Sellers Real Estate Buyers Inventory 74

Will Springer Realtor

MAY 14, 2024

Even after a few weeks of mortgage rate jumps, the Seattle/King County housing market is displaying surprising strength. The favorable boost in supply is the result of fewer buyers and sellers compared with most spring seasons. months of inventory, including 1.3 In April, a typical 30-year, fixed-rate mortgage surpassed 7.0%

Marketing 36

Marketing Inventory Buyers Sellers 36

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. Inventory was little changed from July to August. months’ inventory, down from 1.5 Single-family-home inventory was unchanged at 1.4 months from 1.9.

Finance 68

Finance Inventory Construction Buyers 68

Cornerstone

JUNE 1, 2021

That’s the question on every homebuyer and seller’s mind. ” Yun said this in response to the high homebuyer demand and rising housing prices we’re currently seeing — which he blamed simply on a shortage of inventory. percent 2025: 3.5 Show your mortgage who’s boss. Reading Time: 3 minutes.

Inventory 52

Inventory Buyers Sellers Investing 52

Will Springer Realtor

NOVEMBER 14, 2023

Beyond labor strife, America’s home buyers and sellers appear to be on strike as well. Worsening affordability issues and lower-than-usual inventory have prompted many consumers to watch this housing market from the sidelines – without the picket lines. months of inventory available in the county, down from 2.0 in September.

Inventory 36

Inventory Buyers Sellers New Listings 36

Appraisal Today

SEPTEMBER 22, 2023

A buyer gets a seller’s disclosure statement for that information. Mortgage interest rates ALWAYS go up and down. Tomorrow, I’m supposed to become a data scientist and try to decipher the value of a property I’ve never seen, bought and sold by buyers and sellers I’ve never met. Appraising will be different in 2025.

Appraisal 86

Appraisal Training Inspection Real Estate 86

Will Springer Realtor

MARCH 11, 2024

Some are even considering forgoing insurance altogether, risking their financial security once mandated by mortgage lenders. Prospective home sellers are smart people. On the whole, people should continue to buy and sell when they need and not based on who is in the White House come 2025. ELECTION YEAR EFFECT?

Insurance 36

Insurance Sellers Real Estate Buyers 36

Will Springer Realtor

MAY 13, 2024

Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession. America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades.

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

DECEMBER 13, 2022

For 34 consecutive months ending in March, buyers enjoyed mortgage interest rates of 4.0% Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. What’s next? in the first half of 2022.

Real Estate 36

Real Estate Buyers Construction Sellers 36