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Housing Market Tracker: Spring inventory grows

Housing Wire

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. In 2007, when sales were down big, total active listings peaked at over 4 million. We had high inventory levels while the unemployment rate was still excellent in 2007.

Inventory 510
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Housing Market Tracker: Spring inventory falls

Housing Wire

In 2007, when sales were down big, total active listings peaked at over 4 million. We had high inventory levels while the unemployment rate was still excellent in 2007. 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.

Inventory 482
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Housing Market Tracker: Purchase apps surprise

Housing Wire

This dynamic changed the housing market from one where home sales were crashing to one that is now stabilized. As you can see in the chart below, the collapse of the purchase application data has stalled out, and if this didn’t happen, we would be having a different conversation about the housing market today.

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Don’t expect a drastic housing market turnaround in 2023, Fitch Ratings says

Housing Wire

mortgage insurance market in 2023 to deteriorate. The sector outlook reflects expectations for a slowing economy in 2023, with a modest increase in unemployment and potential pricing corrections in the housing market. mortgage insurance sector,” Christopher Grimes, director of Fitch Ratings, said.

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Higher rates, insurance, & the stock market vs real estate

Sacramento Appraisal Blog

Also, someone asked if the stock market is connected to the housing market, so l made a cool graph. I have a few thoughts on insurance in California […] The post Higher rates, insurance, & the stock market vs real estate first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Housing Market Tracker: Inventory gets summer lift

Housing Wire

More importantly, it showed that the days on market dropped back to the teenager level, which means we are once again in a savagely unhealthy housing market. Nothing good is happening in housing when days on market are so low. million The peak in 2007 was a bit over 4 million Currently we’re at 1.08

Inventory 404
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Biden’s economic adviser addresses administration’s housing priorities

Housing Wire

The housing priorities outlined by the White House and President Joe Biden last week before and during the State of the Union address are crucial for alleviating a serious burden facing many Americans, and the plan emphasizes actions that can be taken to impact the current housing market.