2002 Buyers Mortgage New Listings 
Housing Wire
DECEMBER 7, 2022
Since the weaker CPI data was released in November, bond yields and mortgage rates have been heading lower. The question then was: What would lower mortgage rates do to this data? However, mortgage rates have fallen more than 1% since the recent highs, so it’s time to look at the data to explain how to interpret it.
Housing Wire
NOVEMBER 9, 2022
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. This time around, we have not seen the kind of housing credit boom that we did from 2002-2005. New listing data is down 5% year to date, as you can imagine.
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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. However, expect sales to pick up again soon since mortgage rates have markedly declined after peaking late last year.” Also, this is what the Federal Reserve wants.
Housing Wire
SEPTEMBER 22, 2022
Even though this was a beat of estimates, the sales decline trend due to higher mortgage rates and home prices continues. The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . million in August.” million in August.”
Housing Wire
AUGUST 30, 2022
However, we haven’t had a credit sales boom like the one we saw from 2002-2005. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5 million listings. I don’t need to see total active listing get back to the historical range of 2-2.5 From Redfin.
Housing Wire
OCTOBER 11, 2022
To top it all off, we started 2022 at all-time lows, forcing bidding action everywhere until mortgage rates rose. And we aren’t talking about your grandfather’s mortgage rates rising; we went from 2.5% million active listings, but at just 1.28 to over 7% in a very short period of time. million today.
Lamacchia Realty
JANUARY 25, 2024
The real estate landscape witnessed significant developments in 2023, as the New Hampshire market saw a historic low in listings. Despite this decline, motivated buyers were out there trying to secure a home while also trying to navigate lower affordability and low inventory. Sales in New Hampshire declined by 18.9%
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