Housing Wire

JULY 19, 2022

The June housing starts data beat estimates with positive revisions, however, this doesn’t change the housing market recession call that I made last month. We never saw the credit sales boom as we did from 2002-2005, so the builders themselves are in a better position to manage their future. real estate investors and affordable homes.

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Housing Wire

OCTOBER 18, 2021

Nevertheless, some supposedly erudite thinkers on the housing market are saying this, so I thought I should investigate. If the housing market was in the grips of some mass hysteria of irrational purchasing, we would expect to see certain hallmarks in the data. The post Is the housing market really 20% overbuilt?

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Housing Wire

DECEMBER 7, 2022

Now, with five weeks of data in front of us, we can say they have stabilized the market. As you can see from the chart above, the last several years have not had the FOMO (fear of missing out) housing credit boom we saw from 2002-2005. For now, as long as mortgage rates head lower, that is a positive move for the housing market.

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Housing Wire

JUNE 28, 2022

This data line lags the current housing market as it’s a few months old. 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.

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Housing Wire

APRIL 13, 2022

This was the last thing we needed to see for the Housing Market , which went from unhealthy to savagely unhealthy. What I am hoping for is that higher rates create more days on the market, cool price growth down, and at some point this year, we stop being negative and be positive on a year-over-year basis.

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Housing Wire

JUNE 22, 2023

The days on market are back to a teenager level in the existing home sales market, which means I can officially say we are back to a savagely unhealthy housing market! Nothing good happens in the housing market when the days on market are at a teenager level or lower. What do I mean by savagely unhealthy?

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Housing Wire

MARCH 18, 2024

For agents navigating and servicing the American housing market , acknowledging its profound evolution over recent decades is crucial. Looking back to the 2005 and 2006 real estate peak, lofty home prices reached a then staggering-sounding high of $230,200 in July 2006. year-over-year increase to 70,829.

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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 market; the 10-year is above 1.94%, something that didn’t happen in 2020 or 2021. So, we never had a credit bust as we saw from 2005 to 2008.

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Housing Wire

DECEMBER 20, 2022

Traditionally, housing starts, permits, and completions would move together, like what we saw in 2002-2005. From 2002-2005 it was a steady rise to the top of the housing bubble, and then it burst. This has nothing to do with the existing home sales market; this monthly supply data only applies the new home sales market.

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Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. This proves that the mass supply growth we saw from 2005-2007 was due to credit stress, not because the economy was in a recession; the U.S. While the labor market is getting less tight, it’s not broken yet.

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Housing Wire

MAY 8, 2024

You can see the drastic change this made in the Mortgage Bankers Association Credit Availability index , below, which skyrocketed in 2005 and 2006 before an epic collapse in 2008. On top of more legitimate buyers, we fixed the credit markets, meaning housing credit looks fantastic. Demographics also play a role here.

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Housing Wire

MARCH 18, 2022

To get the housing market to be sane and normal again, we need inventory to get back in a range between 1.52 – 1.93 million ; this is still historically low, but this gives the housing market a breather from the madness that we see today. One of the critical data lines that I want to see improve this year is days on market.

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Housing Wire

MARCH 30, 2023

housing market would crash during the pandemic. However, the current housing market is much different than the credit boom-and-bust cycle of 2002-2008, and it’s vital to understand why. housing market. The Fed will rush to save a bank, but won’t whisper a word for an entire housing market to improve spreads.

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Housing Wire

MAY 7, 2023

This proves that the mass supply growth we saw from 2005-2007 was due to credit stress, not because the economy was in a recession; the U.S. Even though the labor market is currently showing signs of getting softer , there is no job-loss recession yet. Mortgage rates in a regular market should be 5.25% today but are at 6.5%.

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Housing Wire

DECEMBER 29, 2021

A bullish housing market. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. We do have some very positive stories about the housing market in 2021, but not all is perfect, of course. What a year 2021 has been. However, not only did the U.S. The excellent.

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Housing Wire

OCTOBER 31, 2022

One of the unsung heroes of the most prolonged economic and job expansion ever recorded in history was the passing of the 2005 Bankruptcy Reform Act and the 2010 qualified mortgage rule under Dodd-Frank. As we can see below, the bankruptcy levels were extremely high before the bankruptcy law was passed in 2005. Today, we are at 1.25

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Housing Wire

FEBRUARY 8, 2024

housing credit looks very different than in 2005, 2006, 2007 or 2008. Bankruptcies and foreclosures After 2010, the qualified mortgage laws came into play and all the exotic loan debt structures in the system, especially in the run-up in demand from 2002 to 2005, disappeared. The truth is, U.S.

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Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. How I look at rates is intertwined with how I look at the bond market.

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Housing Wire

MAY 19, 2022

million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. Spoiler: If you haven’t realized that the housing market since 2012 has been trolled out by professional grifters who don’t ever forecast sales, that is on you. million and 1.93 Today inventory levels are at 1.02 I use the 1.52-1.93

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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.

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Housing Wire

MAY 14, 2023

The rise of active listings in this spring housing market reminds me of a zombie slowly rising from its grave. When you consider that a home seller is a natural homebuyer as well, you can see why the housing market broke after mortgage rates went on a roller coaster last year. Can you imagine the housing market at that point?

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Housing Wire

NOVEMBER 4, 2022

This means the honey badger labor market will keep the Federal Reserve from pivoting anytime soon. . The labor market is actually running into a big theme of my economic work over the years. No country has a Dorian Gray labor market and the labor market deals with different dynamics as the baby boomers leave the workforce each year.

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Housing Wire

NOVEMBER 8, 2023

With home prices at all-time highs and concern that the labor market will break going into a recessionary period, is another 2008-style crash a possibility? Foreclosures and bankruptcy data One of the most prominent credit stress data lines I have ever seen came during 2005-2008. Is the U.S. headed for another housing bubble crash?

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Housing Wire

JULY 29, 2021

May’s 8% increase was the highest jump for that month since 2005, according to NAR. The “seesaw” nature of pending home sales could indicate a turning point for the housing market, according to Lawrence Yun, NAR chief economist. ” Yun said he expects the 30-year fixed mortgage rate to increase to 3.3%

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Housing Wire

MARCH 20, 2024

She joined Realty ONE in 2019 and was later named as a 2022 HousingWire Marketing Leader. Taylor Christensen was promoted to the role of vice president of marketing and business partners, while Casey Grier was promoted to director of ONE support. In her new role, she will spearhead ONE University’s coaching programs.

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Housing Wire

OCTOBER 8, 2021

Homes remain much more affordable in 2021 than they were during the home price runup in 2005 and 2006, but the seven-month trend in deteriorating affordability is starting to gradually slow demand. Top Markets for Renovated Inventory. The post Top markets for affordable renovated housing inventory appeared first on HousingWire.

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Housing Wire

OCTOBER 18, 2022

The last time that the rate reached 3.25% was in 2005 — and we all know how that story unfolded. Accordingly, mortgage originators must ensure their production reflects market note rates and hedges are being actively monitored. To say that mortgage lenders are facing challenging times would be a considerable understatement.

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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. However, we haven’t had a credit sales boom like the one we saw from 2002-2005. However, not to the degree we saw from 2005-2008. million listings.

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Housing Wire

APRIL 23, 2024

He first started at Guaranteed Rate in 2005 as a senior director of strategic growth and acquisitions. Guaranteed Rate loan officers have the pricing, tech, and tools to truly deliver results in North Carolina’s fast-paced and competitive real estate market.”

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Housing Wire

JULY 6, 2022

This typically happens in a recession, however, the notion that credit lending in America will collapse as it did from 2005 to 2008 couldn’t be more incorrect, as we haven’t had a credit boom in the period between 2008-2022. Because credit got better post-2010, we can see credit availability declines from 2005-2008. Why is this?

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Housing Wire

NOVEMBER 10, 2022

It goes to show what the failure to build enough homes from 2006 to the present combined with ultra-low, unrealistic mortgage rates and massive amounts of fiscal stimulus can do to the housing market. from 2005 to 2006, then another 22.4% in unit sales from the peak of 2005 to the trough of 2008. The history of housing.

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Housing Wire

NOVEMBER 15, 2023

Mark Willis, who served as CEO of Keller Williams from 2005 to 2014, has stepped back into the role effective immediately. In 2002, he joined the firm’s executive team, serving as president, before a nine-year stint as CEO from 2005 to 2014. Marc King will continue to serve as President of Keller Williams. He left the company in 2016.

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Housing Wire

FEBRUARY 22, 2024

. “We look forward to the talent and experience he’ll bring to our technology and operations as we continue to respond to the needs of the market, carefully balancing innovation, risk management, and our commitment to our housing mission.”

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Housing Wire

MAY 26, 2022

The housing market shifted in March of this year. Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time. That’s not the case now because we have’t had a credit boom post-2010 as we did from 2002 to 2005. housing market. What is going on here?

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Housing Wire

NOVEMBER 17, 2022

As you can see in the chart below, we had a nice, slow up-trend from 2002 to 2005 and here in the 2020 to 2022 timeframe, we haven’t gone anywhere much with total completion data. We need to push these homes onto the market to get inflation lower. months and below, this is an excellent market for builders. Housing starts.

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Housing Wire

SEPTEMBER 22, 2020

housing market and compare those to where we are today — in the middle of one of the most epic years in our country’s history, due to COVID-19. No doubt about it, the COVID crisis has taken some juice out of the 2020 housing market. The new home sales market is doing well as it really benefits from lower mortgage rates.

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Housing Wire

MAY 17, 2023

Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM. housing market.” Arvind Mohan is CEO of Kiavi , a fix and flip lender that has originated some $12.3

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