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Housing Market Tracker: Inventory falls even lower

Housing Wire

The seasonal housing inventory bottom evaded us again last week as active listings fell and new listing inventory decreased. Here’s a quick rundown of the last week: Active inventory fell 5,383 last week, and new listing data is still trending at all-time lows in 2023. The answer is no!

Inventory 532
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Opinion: Riding the wave

Housing Wire

As the spring selling season kicks off, many educated sellers know that buyers are experiencing spring fever and are tired of sitting on the fence watching home prices increase. Serious buyers showed discernment as they know inventory is growing. To that I say, timing is everything in real estate. With only 1.3

Inventory 332
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Why home-price growth is still up 18% year over year

Housing Wire

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. Housing inventory issue with no booming demand. Nor can we ever have a credit sales boom again with lending standards back to normal. million listings.

Inventory 382
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Don’t expect a drastic housing market turnaround in 2023, Fitch Ratings says

Housing Wire

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. You need a buyer and seller,” Brown said. So, it’s definitely not like selling a loan to a GSE (government-sponsored enterprise).

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Comparing this housing market recession to 2008

Housing Wire

Part of the issue is that mortgage rates moved up so fast that many sellers quit this year as well. Key thing to remember: A traditional seller is also usually a buyer. When mortgage rates spiked up as much as they did this year, it wasn’t financially appealing to some sellers to purchase their homes at rates of 6.25%-7.37%.

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VA Approves Desktops and Exterior-Only Appraisals

Appraisal Today

Excerpts: Lending was not very prudent prior to the crash of 2008 as suggested by the trend in the median credit score (FICO), a measure for credit worthiness; for newly originated first-time purchase mortgages the median FICO score was 686 in Q1 2006 versus 740 in Q4 2020. Be sure to put in a comment requesting it. ==. Find out why not.

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Why now is not the time for FHA premium cuts

Housing Wire

The figure, standing at 6.1%, was the highest capital ratio reported since 2007 and the sixth consecutive year above the 2% minimum mandated by Congress. . By way of example, seller-funded down payment loans prevalent in the early 2000s had a $16.5 The same report revealed FHA had amassed capital reserves in the amount of $78.9

Insurance 237