Housing Wire
JUNE 28, 2022
Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005. The housing market can’t replicate the type of massive credit expansion we saw from 2002-2005, so the price-growth story has more to do with inventory collapsing to all-time lows. Also, certain investors felt no fear post-2020.
Housing Wire
NOVEMBER 15, 2023
In 2002, he joined the firm’s executive team, serving as president, before a nine-year stint as CEO from 2005 to 2014. ” Since 1991, Willis has served in various leadership roles within the company, including regional director, operating principal, team leader, and as a market center and region investor. That’s Mark Willis.”
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Housing Wire
MARCH 18, 2022
However, a seller is also a natural homebuyer, unless they’re an investor. As you can see from this NAR report, cash buyers as a percent of sales is slightly lower now than levels in 2016. However, distressed sales are down a lot today compared to back then, and sales to investors are 19% today compared to 16% back then.
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. Just last month, Canada’s prime minister proposed a two-year ban on some foreign investors buying Canadian real estate to try to tame price growth. In addition, the U.S.
Housing Wire
JANUARY 20, 2023
From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun. This means we don’t have enough housing inventory available because with lending standards back to normal we can’t replicate the credit demand we saw in housing from 2002-2005.
Housing Wire
MAY 18, 2023
We don’t have a massive credit boom as purchase application data is at historical lows; we haven’t had the same run-up in credit as we saw from 2002-2005. This is why I always draw the black line on the chart below — to show people that we haven’t had a credit boom for many years.
Housing Wire
SEPTEMBER 22, 2022
A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. However, it’s not the market of 2002-2011. From NAR Research : “Total existing-home sales notched a minor contraction of 0.4%
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