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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. Today, however, the purchase application data is actually down to levels we saw in 2009 ! Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time. housing market.

Inventory 493
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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. as of Sept.

Inventory 523
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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 319
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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 342
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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. This article, for example, asks why, if purchase applications are down to 2009 levels, are inventory levels still so freaking low?

Sellers 380
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The Apple Peeled - Ask the Experts: Market Dynamics with Jonathan Miller

Miller Samuel

Over the years, I have bantered with the Espinal Adler Team (Marie Espinal and Jeff Adler) at Douglas Elliman Real Estate about the market which has been invaluable for on the ground intel. I hope you find that this apple was fully peeled: Jonathan Miller’s Market Outlook. And, in-turn, when the market falls, it will fall forever.

Marketing 221
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How much will home prices climb over the next year?

Housing Wire

All year, the strength of homebuyer demand and the tight supply of homes for sale has meant that the market pretty rapidly found a floor on the home-price correction of 2022. If you were looking at the market in the fall of 2022, you would have expected home prices to continue to fall further in 2023.

Inventory 343