Remove 2009 Remove Housing Market Remove Inventory Remove Sellers
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Home prices are dropping like it’s 2009

Housing Wire

Home prices are now posting the biggest monthly declines since January 2009, according to the latest Mortgage Monitor report from Black Knight. The housing market has not seen such a significant two-month drop in prices since shortly after the collapse of Lehman Brothers in winter of 2008, Black Knight said on Monday.

Inventory 525
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How Andrew Marquis plans to close more loans in a low-inventory market  

Housing Wire

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market.

Inventory 317
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HW+ Member Spotlight: Stacy Esser

Housing Wire

His recent article, “Purchase apps are at 2009 level: where’s the inventory?” takes a deep dive into what the heck is going on with purchase applications, housing demand and inventory levels. Are we in a housing bubble?” Of course, the answer is about why this is not the same market — in any way — to post 2008.

Sellers 380
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Housing Market Down But Not Out- January Newsletter

DW Slater Company

What’s happening in the housing markets? Mortgage rates impact housing as they affect buying power. As we look at the housing market for 2022, a clear shift has occurred. Sellers have been in charge as buyer demand was fueled by historically low mortgage interest rates.

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Purchase apps are at 2009 level: where’s the inventory?

Housing Wire

It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. Today, however, the purchase application data is actually down to levels we saw in 2009 ! housing market.

Inventory 493
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How builders can support baby boomers in their second phase of life

Housing Wire

A lot has been said about the ‘silver tsunami,’ with predictions that baby boomers will move in droves , suddenly unlocking tons of inventory for younger homebuyers. Simple-sizing homes and life We found that most baby boomer sellers aim to downsize, with 74% saying they’ll reduce their living space by about 25%.

Design 343
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How much will home prices climb over the next year?

Housing Wire

This trend is why we’ve called it a soft landing for the housing market. Inventory As a result, the seasonal inventory build is slow and on a normal cycle. There are 485,000 single-family homes on the market in the U.S. Inventory growth seems to have a few more weeks to go. Home prices declined subsequently.

Inventory 340