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The risk of zero-down loans while the Fed talks recession

Housing Wire

Since many people think of housing as a wealth creator — and we want more Americans to have more wealth — then the government needs to make sure demand stays high enough for that wealth product to grow. This can lead to home prices getting out of control , especially when total inventory gets to all-time lows.

Inventory 543
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Home price growth slows but affordability pressures remain: Black Knight

Housing Wire

Home price growth slowed in May, showing signs of a cooling housing market. But housing is the least affordable it has been since the mid-1980s as mortgage rates rise and home values soar, driven by low housing inventory, a new Black Knight report suggests. in May from a revised 20.4%

Inventory 370
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Higher rates flip the homebuilders’ fortunes (again)

Housing Wire

Just like in the existing home sales market, when sales are low, anything positive on the rate side can move the market in a positive direction. This goes into my low housing bar theme for 2023 and why we need context with sales data. However, this isn’t how inventory grows in America. This represents a supply of 7.9

Inventory 446
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The forbearance crash bros spoke too soon

Housing Wire

Despite what they promised, we sit here today with the United States housing market outperforming all other economic sectors in the world during the pandemic. In order for the housing market to crash due to too many loans going into default when forbearance programs end, the number of loans in these programs needs to grow.

Inventory 545
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Local Markets: Louisville, Reno and San Diego

Housing Wire

Affordable housing prices combined with a vibrant history and a thriving culinary scene have certainly made Derby City a popular destination for homebuyers. However, even Louisville’s active housing market has slowed down recently. “I Also helping buyers is an increase in housing inventory, Ridenour Lindsey said. “It

Marketing 344
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MBA forecast for 2021: Prepare for rising mortgage interest rates

Housing Wire

Housing inventory and prices. Given the low interest rates that are driving demand, housing inventory has become a rising concern. MBA Associate Vice President of Industry Analysis Joel Kan explained that current inventory rests at just a three-month supply. Profitability. trillion in 2005.

Mortgage 397
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[PULSE] The 2020 refi wave: Where activity is strongest, where it’s not, and what’s ahead

Housing Wire

The housing and mortgage markets have been the rare bright spots in an otherwise fragile economy brought forth by the ongoing COVID-19 pandemic. 2003 was the last time refinance activity was as high as the $1.75 Just how busy have lenders been? trillion MBA is forecasting for 2020.