Housing Wire
SEPTEMBER 28, 2023
“The 30-year fixed-rate mortgage has hit the highest level since the year 2000,” Sam Khater, Freddie Mac’s chief economist said. However, unlike the turn of the millennium, house prices today are rising alongside mortgage rates, primarily due to low inventory. Other indices showed significantly higher mortgage rates this week.
Housing Wire
DECEMBER 7, 2022
What I mean by a credit bust is that after the housing bubble burst in 2005 into 2006, we saw a massive increase in supply. These were forced credit sellers, which means these sellers don’t sell to buy a home like a traditional seller does. Total inventory levels. NAR: Total Inventory levels 1.22
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Housing Wire
MAY 2, 2023
The housing market functions differently than other markets because it can be characterized as a heterogeneous, thinly traded, illiquid market. In other words, it’s a diverse market with a wide variety of different homes of varying ages and levels of repair, and sales happen very rarely. The result is fewer sales.
Housing Wire
APRIL 13, 2021
Austin, Texas might be the hottest housing market in the country. If a seller has those multiple offers, they are looking first at cash offers and may even consider a lower cash offer because they don’t have to worry about the property appraising for that price,” Garrett said. It is just a super tight housing market.
Housing Wire
JUNE 5, 2023
In a sense, the gridlocked housing market has been feeding on itself,” Andy Walden , VP of enterprise research strategy at Black Knight, said. This is compounding the challenges for potential home buyers and the origination market alike, Walden said.
Housing Wire
NOVEMBER 18, 2022
On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. I cheer because the savagely unhealthy housing market theme I talked about back in February of this year was the same premise of the housing reset talking point the Federal Reserve uses.
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. yearly increase, down from 2.5%
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