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Lower mortgage rates are stabilizing the housing market

Housing Wire

Now, with five weeks of data in front of us, we can say they have stabilized the market. 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.

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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. I have stressed that housing doesn’t move like the stock market.

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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.

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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.

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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. Presented by: Apartments.com.

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Can lower mortgage rates stop the housing recession?

Housing Wire

People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% The question is, can lower mortgage rates save the housing market from its recent downtrend? We saw this in 2013-2014 and 2018-2019. The downside of rates moving up so quickly is that some sellers pull the plug until rates are better.

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Why purchase application data is below 2008 levels

Housing Wire

But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care. Understanding this data line and what it is trying to tell you will be more valuable than erroneously thinking the market is crashing and we’ll see a wave of foreclosures.