2005, Modernization and New Listings - Property Appraisal Zone

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2005

Modernization

New Listings

Lower mortgage rates are stabilizing the housing market

Housing Wire

DECEMBER 7, 2022

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. What I mean by a credit bust is that after the housing bubble burst in 2005 into 2006, we saw a massive increase in supply. Mortgage rates went from a low of 2.5%

Housing Market

Housing Market Mortgage Marketing Inventory

The standoff between homebuyers and sellers

Housing Wire

OCTOBER 11, 2022

This means the housing boom period of 2002-2005 had major credit tightening, which won’t happen this time around when the next recession hits. We’ve seen a massive price and payment inflation event with pricing still rising and the biggest mortgage rate increase in a single year in recent modern-day history.

Sellers

Sellers Inventory Housing Market New Listings

Lower mortgage rates are stabilizing the housing market

The standoff between homebuyers and sellers

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