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Lower mortgage rates are stabilizing the housing market

Housing Wire

What I mean by a credit bust is that after the housing bubble burst in 2005 into 2006, we saw a massive increase in supply. These were forced credit sellers, which means these sellers don’t sell to buy a home like a traditional seller does. Total inventory levels. NAR: Total Inventory levels 1.22

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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.

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Study: All-Cash Buyers Pay 10% Less

Empire Appraisal Group

Study: All-Cash Buyers Pay 10% Less A new study shows sellers would rather leave money on the table and accept an all-cash sale than risk losing the sale completely because the mortgage falls through. We find sellers are willing to leave money on the table to avoid the risk.”

Buyers 78
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How housing credit is shaping housing inventory

Housing Wire

Since most sellers are buyers, inventory should be stable if demand is stable. This is what happened post 2010: The millennials started to buy homes in 2013 and they finance 90% of those homes. On top of more legitimate buyers, we fixed the credit markets, meaning housing credit looks fantastic.

Inventory 454
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CBC Mortgage Agency offers temporary rate buydowns on FHA loans

Housing Wire

“We’ve had a lot of requests for a buydown feature, and we hope it provides some relief to buyers during the current state of the housing market,” Zwick added. United Wholesale Mortgage and Rocket Mortgage offer lender-paid temporary rate buydown options in addition to seller-funded buydowns.

Mortgage 333
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Forbes launches luxury home listing marketplace

Housing Wire

Forbes launched a luxury home listing platform which the company says will capitalize on its audience and “connect, inform, and inspire high-net-worth potential homebuyers and sellers” about properties for sale around the world. How to gain more listing visibility in a shifting housing market.

Brokerage 355
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Overblown rumors of demise? NAR has lost only 45K members since December

Housing Wire

In modern times, membership hit a low point of 963,478 in February 2013 and climbed to a high of 1.60 The changes are likely to put pressure on buyers’ agents and shrink the $100 billion annual commission pot by as much as $30 billion over time, according to analysts at Keefe Bruyette & Woods (KBW).

Realtors 306