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The last time houses were this unaffordable was 2006

Housing Wire

housing was the least affordable ever back in July 2006 when it took 34.1% The post The last time houses were this unaffordable was 2006 appeared first on HousingWire. “As measured by the share of median income required to make the principal and interest payment on the average-priced home bought with 20% down, U.S.

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MSR market is partying like it’s 2006

Housing Wire

The post MSR market is partying like it’s 2006 appeared first on HousingWire. “Rising rates, significantly lower [mortgage] prepays and ample demand have driven MSR values to the highest levels since before the financial crisis [of 2007/2008],” Carnes said.

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Despite Prices Increasing 27 Percent, Homes More Affordable Than 2006 Peak

Appraisal Buzz

The post Despite Prices Increasing 27 Percent, Homes More Affordable Than 2006 Peak appeared first on Appraisal Buzz. There was a 21.7% annual increase in nominal house prices and a 0.7 percentage point increase in the 30-year, fixed mortgage rate compared the same timeframe a one year ago. Household income.

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Equity surge boosts homeowner net worth by $208K: John Burns 

Housing Wire

Meanwhile, homeowners who bought in January 2000, January 2006 and January 2013 have received boosts of $414,000, $338,000, and $343,000, respectively. trillion in home equity at the end of 2023, up from $15 trillion in 2006, the previous peak of the housing cycle. Overall, U.S. homeowners held $31.8

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Existing Home Sales Strongest Since 2006 Despite Supply Limits

Eyes on Housing

Fueled by low mortgage interest rates and strong demand, annual existing home sales reached 15-year high in 2021, according to the National Association of Realtors (NAR).

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Home Prices Become More Affordable Than Their Housing Boom Peaks

Appraisal Buzz

While nominal house prices in July were 35% higher than at the housing boom peak for prices in 2006, house-buying power remains nearly 38% below its 2006 housing boom peak. The post Home Prices Become More Affordable Than Their Housing Boom Peaks appeared first on theMReport.com.

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Compass brings on Atlanta’s Beacham & Company

Inman

Glennis Beacham founded the former indie brokerage in 2006 after growing her career over the course of more than two decades to become one of Atlanta's top luxury agents.

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