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Housing Market Tracker: Inventory finally rises

Housing Wire

Here’s a quick rundown of the last week: Active listings rose by 8,546 , and new listing data showed some growth. If that is the case, then this week’s gain in active inventory and new listings needs to be taken with a grain of salt until we get next week’s data. However, I will take what I can now.

Inventory 545
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Why purchase application data is below 2008 levels

Housing Wire

We saw this happen in 2013-2014 and 2018-2019. Since the end of June, we have seen that the home seller called it quits earlier this year than usual, and now the new listing data is negative year to date. New listing data is down 5% year to date, as you can imagine. This means less demand for housing.

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Why higher rates aren’t crashing home prices

Housing Wire

1 story in the second half of 2022 was that after mortgage rates spiked, new listing data started to go negative year over year, which was crazy because we were already working from all-time lows. This was a big deal, and the weekly Housing Market Tracker of new listing data was all over this. Housing inventory The No.

Inventory 545
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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% We saw this in 2013-2014 and 2018-2019. We see some of this in the active listing data as new listings are declining. However, as we all know, after 2020, things are just more intense. . Higher rates and sales data.

Mortgage 504
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Lower mortgage rates are stabilizing the housing market

Housing Wire

One issue that has created a waterfall dive in purchase application data and sales is that new listing data is declining faster than usual. Since 2013 I have said that mortgage rates over 5.875% would be problematic to housing. That’s a double whammy on demand and a reason for the waterfall in existing home sales data.

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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

The goal of this type of letter is to promote a new listing in the neighborhood, to position yourself as the expert by providing information about the listing, and to find more business. Please share it in the comments! She developed training materials, classes, and coaching programs for her fellow introverts.

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Logan Mohtashami’s 2023 housing market forecast

Housing Wire

Going back to 2013, I have stressed that my affordability index gets tripped up if mortgage rates get above 5.875% , and wrote about this in 2019 as we were about to enter my critical period of 2020-2024. From 2013 to 2022 I forecasted price growth every year. million in 2023. million for 2023. Housing recession.