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Latest S&P Global PMI results signal lingering inflation 

Housing Wire

An index score above 50 indicates business activity is expanding while a reading below 50 indicates it’s contracting. The decrease [in September] was … the slowest in the current three-month sequence of contraction,” S&P Global’s analysis of the results states. The composite output PMI index came in at 49.3

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Despite lack of supply, existing home sales rise 6.7%

Housing Wire

from December and mortgage rates shot up 30 basis points. Homes went under contract in just 19 days on average, down from 21 a year ago. ” While homebuilders are getting closer to delivering new homes , they remain stymied by ongoing global supply chain issues. Sales of homes priced above $1 million were up 39%.

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HW+ Member Spotlight: Jeff Walker

Housing Wire

Walker has more than three decades of experience in the housing space, and most recently, he launched CredEvolv , a startup that facilitates credit counseling in order to transform borrowers that were declined credit into mortgage-ready leads for lenders. Jeff Walker: The lack of access to credit for mortgage consumers.

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Atlanta Home Prices Firm in the Third Qtr of 2022

Hank Miller Team

Attention media Please stop; the greater Atlanta housing market was just fine in the 3rd Qtr of 2022. The Atlanta housing market in Q3 2022 did not melt down. Atlanta Housing Market in Q3 2022 Let’s have a look at factual data. We examine list price, contract price and sold price.

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The nation’s housing market is on a correction course

Housing Wire

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Overall, annual mortgage origination levels are expected to be $2.8

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Dave Stevens on understanding this housing market

Housing Wire

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. So when I talk to loan originators today, I harken back to my early days when fixed mortgage rates were over 14% and there were absolutely no refinances to be had.

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Builders apply the brakes amid canceled contracts

Housing Wire

In previous expansions, builders’ housing completion data would move in line with housing starts and permits. However, for the first time in recent modern-day history — due to supply chain issues and other factors — housing completion data has lagged behind housing permits and starts.

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