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Employment gains could help housing inventory

Housing Wire

Sectors that were hit hardest by the pandemic led job growth last month, with jumps in leisure, hospitality, public and private education and construction – good signs for the housing industry. For housing, March gained 110,000 jobs in construction – a positive sign in an industry struggling with supply constraints.

Inventory 498
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Top of the list: An interview with Ben Caballero

Housing Wire

But what they do need is for the realtors that have buyers to have the complete and accurate information about their homes. So that those agents will bring their buyer to the builder. I never talk to a buyer. You said before 2007 that you were providing services for homebuilders manually. And we don’t do any of that.

Realtors 392
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Comparing this housing market recession to 2008

Housing Wire

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. A few months ago, I was asked to go on CNBC and talk about why I call this a housing recession and why this year reminds me a lot of 2018, but much worse on the four items above.

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How LOs are dealing with a mortgage rate lockdown

Housing Wire

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. This month, she is lucky to have $2 million in her pipeline thanks to closing deals on a construction loan, a condo and a vacant lot. And it’s going to get worse. million to 1.93

Mortgage 382
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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make.

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Low housing inventory a win for homebuilders

Housing Wire

However, with active listings now near all-time lows, the builders’ new homes still have more value in the housing market than what we saw in previous decades. Back in 2007 — after existing home sales got as low as we have seen in the recent data as the chart below shows — total active listings were above 4 million.

Inventory 545
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Fla. Unlikely to Feel Impact from Slowing Market

Empire Appraisal Group

Unlikely to Feel Impact from Slowing Market. Wary buyers and rising interest rates may affect some U.S. markets, but Fla.’s s rising demand and lack of construction will probably offset a potential cooldown. We are poised to have a very hot market through 2022 and a very robust spring homebuying season.”.