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Housing Market Tracker: Inventory falls even lower

Housing Wire

2021: 66,836 2022: 67,567 2023: 49,045 Compare our current new listing data to weekly new listing data in previous years when we had a more normal housing market: 2015: 94,470 2016: 86,608 2017: 78,886 The NAR data going back decades shows how difficult it’s been to get back to anything normal on the active listing side.

Inventory 521
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Experts share insights about the Fed, data ‘vibes’ and housing trends

Housing Wire

Three of the biggest topics in housing right now are mortgage rate movements tied to Federal Reserve policymaking, the day-to-day moves in key housing data and forward-looking trends for the housing market. But this means the labor market has to break. We still have this underlying shortage of homes.”

Inventory 404
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Brian Covey to speak at Engage Marketing June 17

Housing Wire

His mortgage career was affected by the 2007 market crash just as he was raising toddlers with his wife Nicole. . The challenges of helping consumers become homeowners in this housing market is why we’ve designed our virtual event around “All Eyes on Purchase.”

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FHA Commissioner Julia Gordon talks MIP cut

Housing Wire

In doing so, the White House claims the average FHA borrower and homebuyer will save $800 in 2023 alone. Agency officials hope to boost affordability in a frightful housing market, in which median home prices hover near record highs and mortgage rates slowly approach the 7% level. And then we stressed the fund. Has that changed?

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Sixth recession red flag raised, despite strong jobs report

Housing Wire

Well, the model isn’t designed to work during a recession. As you can see below, this data line fell in 2006, and we were still creating jobs in 2006 and 2007. During the housing bubble, we had a clear over-investment, and that was in the housing market, so the recession red flag model was evident before the recession.

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Don’t let COVID crisis mask affordable housing opportunity

Housing Wire

We simply cannot overlook the reality that there are not enough homes in the United States to house every American. Every year since 2007, the rate of household formations outstripped the number of housing completions, despite relative strength in both the overall housing market and U.S. consumer spending.

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FED’S ACTIONS TAKE STEAM OUT OF HOUSING MARKET

Will Springer Realtor

Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. housing market is experiencing a price “correction,” defined as a 10% price drop from its most recent peak. Our market cooled faster than any other in the nation, according to one report.