Remove 2013 Remove Buyers Remove Housing Market Remove Investors
article thumbnail

The savagely unhealthy housing market is now a nightmare

Housing Wire

Since March of this year, housing demand has been falling more and more, but inventory is still below the 2010, 2013, 2016, and 2019 levels, which is a nightmare. Because housing is shelter, people don’t sell their homes to be homeless; it’s where they live. The only way this happens is higher rates.

article thumbnail

The housing market is still savagely unhealthy

Housing Wire

However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. housing market; the 10-year is above 1.94%, something that didn’t happen in 2020 or 2021. 2014 was the last year total inventory grew.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Crowdfunding platform Peer Street files for bankruptcy

Housing Wire

Founded in 2013 by Brew Johnson, Brett Crosby and Alex Perelman, Peer Street developed a marketplace connecting lenders and borrowers seeking capital to investors looking for real estate-related debt. The business attracted investor Michael Burry, one of the featured players in “The Big Short.”

Investors 396
article thumbnail

Existing home sales are still savagely unhealthy

Housing Wire

The savagely unhealthy housing market is continuing as we get closer to August. I have been talking about the range of inventory that I need to see to remove the ‘ savagely unhealthy’ housing market theme. million, we will be in a much better place for housing. This is the unhealthy aspect of housing.

Inventory 506
article thumbnail

Logan Mohtashami: “biggest affordability hit in our lifetime”

Housing Wire

In 2013-2014, when rates jumped very fast, this index trended down by negative 20% year over year to hit an adjusted population all-time low in 2014. She makes a three-minute case — which has gotten a lot of views — on investors taking all the inventory! Some historical context with previous rate increase moves in this data line.

Inventory 338
article thumbnail

Think US home prices are high? At least we aren’t Canada

Housing Wire

housing market follow Canada? In short, the answer is no, we won’t have the type of home-price velocity that Canada has experienced because our housing market is more diverse than theirs. housing market is more tied to mortgage buyers. We saw this in 2013-2014 and 2018-2019. Will the U.S.

article thumbnail

Are home prices about to fall?

Housing Wire

I am going to do my best to try to make sense of what is happening with the housing market right now, since the years 2020-2024 have been a talking point of mine for years and my biggest concern since the fall of 2020 has been prices overheating — not having a deflationary collapse. . A short history of the housing crash narrative.

Inventory 545