Housing Wire

NOVEMBER 9, 2022

Inventory levels broke to all-time lows and thus created massive housing inflation quickly, which broke my model. In the summer of 2020, I talked about how the housing market would change, but it needed the 10-year yield to break over 1.94%, which roughly means 4% plus mortgage rates. nominal per year at most.

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New Listings Inventory Housing Market Sellers 498

Housing Wire

MAY 19, 2022

However, this year has seen one big game-changer: the 10-year yield finally cracked over 1.94%, which drove mortgage rates over 4%. This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. Inventory is always seasonal. million and 1.93

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Housing Market Marketing Inventory Realtors 526

Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. Housing inventory issue with no booming demand. However, we haven’t had a credit sales boom like the one we saw from 2002-2005. million listings.

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Inventory New Listings Law Housing Market 397

Housing Wire

APRIL 20, 2022

However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. Housing demand has been stable for the past few years; we have never had a credit boom in demand since 2002-2005. Unsold inventory sits at a 2.0-month

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Housing Market Marketing Inventory Mortgage 503

Housing Wire

MAY 9, 2022

housing market is more tied to mortgage buyers. Unlike those two cities in Canada, we aren’t as reliant on foreign buyers to such a great extent. foreign buyers have always been less than 300,000 of total home sales for many years. When mortgage rates rise, two things always happen here in America. Here in the U.S.,

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Buyers Housing Market Mortgage Marketing 532

Housing Wire

MARCH 28, 2022

However, since I had the possibility of the 10-year yield getting to 2.42% and 4% plus mortgage rates, I accounted for that in the range. The one thing that has happened in 2022 that has been worse is that national inventory levels have worsened in 2022 to start the year. Inventory has been falling for years.

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Housing Market Marketing Supply Chain Inventory 329

Housing Wire

MARCH 23, 2023

If there’s one sector of the economy that benefits from the very low levels of total housing inventory , it’s the homebuilders , but for a reason you might not think. If national housing inventory were back to normal, we would have 2 to 2.5 All this is happening while housing permits have fallen noticeably from the recent peak.

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Inventory Housing Market Construction Marketing 540

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. That’s not the case now because we have’t had a credit boom post-2010 as we did from 2002 to 2005. I don’t believe housing inventory below 1.52 housing market.

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Inventory Housing Market Construction Marketing 514

Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. million line in the sand has been this: Home prices grow above that 23% level: check Mortgage rates spike higher: check.

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Mortgage Inventory Housing Market Construction 480

Housing Wire

APRIL 15, 2022

We’ve all been wondering what 5% plus mortgage rates would do to the hot housing market, and now we’ve got that and a bag of chips. As a result, I’ve been rooting for mortgage rates to rise to create a balancing impact on this housing market. Inventory is still showing negative year-over-year data.

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Housing Market Marketing Mortgage Inventory 511

Housing Wire

DECEMBER 29, 2022

The housing sector — especially real estate and mortgage — has seen significant layoffs , while the general economy will create more than 4 million jobs in 2022. Then we had the biggest mortgage rate shock in recent history and yet even with that, we will have over 5 million total home sales this year. Production falls. Home sales.

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Housing Market Marketing Inventory Sellers 545

Housing Wire

OCTOBER 11, 2022

Inventory, which has been falling for years, broke to all-time lows in 2020. We didn’t have a seasonal push in inventory in 2020, and things worsened in 2021. To top it all off, we started 2022 at all-time lows, forcing bidding action everywhere until mortgage rates rose. to over 7% in a very short period of time.

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Sellers Inventory Housing Market New Listings 514

Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy.

Housing Market 418

Housing Market Marketing Inventory Lending 418

Housing Wire

AUGUST 16, 2022

Tuesday’s housing starts report clearly shows that homebuilders are going to be done with single-family construction until mortgage rates fall. The credit cycle looks much different now than the build-up from 2002-2005. In the past, builders benefitted when mortgage rates fell toward 4% and below.

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Mortgage Construction Inventory Buyers 533

Housing Wire

DECEMBER 23, 2022

One of the realities of COVID-19 has been the lag to build homes in a business that requires stable mortgage rates because of the traditional time to complete a home. Mortgage rates jumped from 3% to 7.375% this year. That would reverse the problem the housing market has had selling homes with mortgage rates above 7%.

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Construction Housing Market Mortgage Sellers 353

Housing Wire

DECEMBER 22, 2021

It’s the same reason I have given for many years: the American bears who are typically housing crash addicts can’t read data correctly, and the mortgage purchase application data just proved my point once again. million level for three straight months, aligning with the better mortgage demand growth that we saw for four months.

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Inventory Housing Market Investors Marketing 489

Housing Wire

DECEMBER 20, 2021

Even in the extreme conditions of COVID-19, my general premise on housing economics predicted that the two variables with the most influence — demographics and mortgage rates — would hold up the housing market. The 10-year yield and mortgage rates. That range dictated that mortgage rates would roughly stay between 3.5%-4.75%.

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Housing Market Inventory Mortgage Marketing 543

Housing Wire

MARCH 17, 2022

We had more housing starts during the bubble years because from 2002 to 2005 that demand curve was higher, but it was facilitated by unhealthy credit growth. Remember that back in 2018, the new home sales and housing starts sector had a slowdown when mortgage rates got to 5%. Mortgage rates have risen since the lows we saw last year.

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Construction Housing Market Inventory Buyers 481

Housing Wire

APRIL 27, 2022

“Second, over 8 million homeowners were delinquent on their mortgages, and once they lost their home, they would join the ranks of renters. are very dull, which is a good thing, and this won’t change anytime soon because we have made American mortgage debt great again. Loans in U.S. Going back to point No.

Inventory 349

Inventory Housing Market Legal Mortgage 349

Housing Wire

APRIL 27, 2022

That data shows how housing was still on pace to have another solid year before mortgage rates got over 5%. The housing world is much different at 5% plus mortgage rates versus the 3% mortgage world we had last year. They were simply doing what the marketplace allowed them to do with low inventory and low mortgage rates.

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Construction Buyers Housing Market Inventory 344

Housing Wire

DECEMBER 20, 2022

The bigger story here is that if we want to see mortgage rates fall, we need more rental units, and right now we have a massive backlog of 2-unit homes under construction — over 900,000. Traditionally, housing starts, permits, and completions would move together, like what we saw in 2002-2005.

Housing Market 439

Housing Market Marketing Construction Supply Chain 439

Housing Wire

AUGUST 23, 2022

Tuesday’s new home sales report missed expectations and had negative revisions, which isn’t surprising given this sector of our economy simply can’t handle higher mortgage rates. can’t have a credit sales boom like we saw from 2002-2005. This is 12.6 percent (±16.9 percent)* below the revised June rate of 585,000 and 29.6

Construction 370

Construction Housing Market Sellers Marketing 370

Lamacchia Realty

JANUARY 25, 2024

This scarcity in inventory exerted upward pressure on prices, although it coincided with a 19% decline in sales. Despite this decline, motivated buyers were out there trying to secure a home while also trying to navigate lower affordability and low inventory. Average prices for closed sales increased by 7.2% Sales Decline by 18.9%

Inventory 51

Inventory Sellers Buyers Contracts 51

Appraisal Today

MAY 12, 2023

NOTE: Please scroll down to read the other topics in this long blog post on humor, non-lender appraisals, mortgage forecast, staying positive when you’re slow, unusual homes, mortgage origination stats, etc. In 2000 and 2002, Architectural Digest named him one of the top 100 architects in the United States.

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Appraisal Architecture Business Contracts 52

Appraisal Today

OCTOBER 21, 2022

Inventory levels. NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. But what will happen in the future when buyers say they paid too much or lenders say the appraisal was too high or not USPAP compliant for appraisals you did in the past? This 7,200 sq.ft.

Appraisal 52

Appraisal Marketing Contracts Insurance 52

Will Springer Realtor

NOVEMBER 9, 2022

The housing market in and around King County was moving along swimmingly at the start of 2022, with homes selling briskly and buyers taking advantage of interest rates in the 3s. and jump in mortgage rates of 4 percentage points has created a housing market belly flop. The stats are an unwelcome paradox for buyers and sellers alike.

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New Listings Housing Market Inventory Buyers 36

Housing Wire

JANUARY 20, 2022

From NAR: In the last few months of the year, existing home sales have been outperforming my sales ranges noticeably, and I talked about how sales could moderate, but mortgage demand ended 2021 on a solid note. million is if home prices accelerate above my five-year cumulative growth rate of 23% and mortgage rates rise. million to 6.2

Inventory 490

Inventory Housing Market Marketing Mortgage 490

Will Springer Realtor

OCTOBER 11, 2022

At what point will mortgage interest rates peak? While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. When you raise [mortgage] rates to the point they’re at today, it breaks the back of housing.”. Dining out. Theme parks.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

DECEMBER 8, 2021

GREATER BUYING POWER Buyers who are struggling to purchase a home in this frenzied housing market will receive a bit of a lifeline in 2022. The federal guarantors of most consumer mortgages have agreed to raise the borrowing limits on 30-year conforming loans. Clair via email or phone (206-934-5449). SCAM ALERT.

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Sellers Marketing Supply Chain Construction 36