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Housing Market Tracker: Spring inventory falls

Housing Wire

Just when I thought it was safe to say we were getting more traditional spring housing inventory , we hit a snag last week, as active inventory and new listings declined. However, one thing is for sure, housing is not going to crash due to large-scale panic-selling — a scare tactic of late 2021 that didn’t work then or now.

Inventory 483
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Mortgage market affordability and inventory challenges

Housing Wire

It was no surprise that affordability hit the top of the list in every interview. Black Knight reported that May was the least affordable housing market in 16 years. For the first time in three years, we have seen an increase in homes on the market and price reductions. To view the complete research, click here.

Inventory 392
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5 reasons you’re not going to see a ‘foreclosure wave’ anytime soon

Cornerstone

The housing crash of 2008 resulted in more than nine million households losing their homes to a short sale, foreclosure, or bank surrender. Connect with a local loan officer to find out how. This stopped more than 400,000 foreclosures (the typical amount) from entering the market. Bottom line?