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Fannie Mae on Q4: Existing home sales will be lowest since 2010

Housing Wire

The housing market has not hit the bottom in existing home sales yet, Fannie Mae projected. million on an annualized basis – the lowest since Q3 2010. With mortgage rates having previously soared to around 8% , existing home sales will likely decline further to bottom out in early 2024. million in 2023, 4.7 million in 2025.

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Just how bad was 2023 for the housing market?

Housing Wire

RealTrends has been tracking housing market data since 1979, including households, home sales, average mortgage rates , etc. Even during the downturn of 2006-2010, this factor only hit a low of 3.84% (2010). RIP 2023 — Whew, that was a year none of us would like to live through again. How bad was last year?

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Here’s what you can expect from the 2024 housing market

Housing Wire

Going more in-depth than a Fed meeting, our virtual Housing Market Update event provides you with the strategy-building insights needed to operate in 2024. It’s a savagely unhealthy housing market out there, and these economists unpack what that means for you. Register for the virtual event on Dec.

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This is not 2008 all over again for the housing market

Housing Wire

When you hear people say that the current housing market is like 2008 all over again, you may want to remind them of the huge differences between this market and that one. The previous economic expansion, from 2010-2019, wasn’t a housing bubble. But is it a bubble? Become a member today. Already a member?

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Is the spring housing market ready for the Fed’s déjà vu?

Housing Wire

Weekly housing inventory data The one positive story for me in housing this year is that inventory is growing year over year for both active inventory and new listing data. The one benefit of higher rates is that inventory can grow in the post-2010 qualified mortgage world as long as higher rates create softness in demand.

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Is the savagely unhealthy housing market back?

Housing Wire

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. housing market inventory channels have changed due to how the U.S.

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How Delta variant may impact housing market

Housing Wire

The following Q&A comes from the HW+ exclusive Slack channel, where HousingWire’s Lead Analyst Logan Mohtashami answered questions on what to make of the latest housing data, his forecast for the rest of this year, and whether or not the housing market is returning to normal. This was my big fear. Become a member today.