2000 Contracts Housing Market Inventory 
Housing Wire
SEPTEMBER 27, 2023
And the purchase market saw applications down 2% over the prior week and 27% behind last year’s pace. It is still facing limited for-sale inventory and struggling with affordability issues. The average contract interest rate for 5/1 ARMs picked up to 6.47% from 6.42% a week prior. Overall applications declined. Lastly, the U.S.
Housing Wire
APRIL 25, 2023
Mortgage financing and the prospect of economic weakness are therefore likely to remain a headwind for housing prices for at least the next several months,” Lazzara said. However, despite the recent uptick, the continued low inventory conditions are expected to keep home prices elevated nationally. to a reading of 297.68.
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Empire Appraisal Group
SEPTEMBER 8, 2022
Housing Market Collapse? Housing Market Collapse? The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. housing market is suffering some cracks, but an outright collapse is nowhere in sight.
Housing Wire
APRIL 23, 2021
While 2021 likely won’t approach the record breaking tizzy of 2020, the housing market will continue to flourish on the strength of the purchase market, according to economists at the Mortgage Bankers Association. How outsourcing gives lenders an advantage in 2021’s purchase market. After last year’s record $3.83
Housing Wire
JULY 26, 2021
As an Irish immigrant to the United States in 1996 who became a real estate broker in 2000, I can tell you this: The U.S. And on top of all that, any buyer in “contract” can get “gazumped” (contracted price goes up) at any time until the final weeks of that sale agreement. No one helps them with the negotiation process.
Cleveland Appraisal Blog
OCTOBER 14, 2021
On many of my appraisals at that time, my opinion of value would not support the contract price. Perhaps they were drinking the Kool-Aid that some are drinking today, that market value is whatever the purchase price is. Don’t drink the Kool-Aid that any contract price is reflective of market value.
Housing Wire
NOVEMBER 21, 2022
The forecast for the housing market is expected to get gloomier next year before rebounding to 2022 levels in 2024. In addition, the unsold existing homes inventory has slipped for three consecutive months, ending October at 1.22 million in 2022 before dropping to 4.42 million in 2023 and then climbing to 5.25 million in 2024.
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