article thumbnail

Beware of gloom and doom housing market crash headlines

Housing Wire

I’m talking about housing market crash headlines. The housing data has been wild this year. These dramatic peaks and valleys in the data have fed the demons of greed and fear that infest the minds our extreme housing bulls and the fierce housing market bears – leading to equally wild speculations about the future of U.S.

article thumbnail

Can first-time homebuyers afford homes today?

Housing Wire

This article is part of our 2023 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.

Realtors 428
Insiders

Sign Up for our Newsletter

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

article thumbnail

Home prices surge to six-year high in November

Housing Wire

November’s numbers mark the greatest annual growth rate since February 2014 and even blew past the 8.4% According to Hale, realtor.com’s 2021 outlook expects an eventual moderation to price gains as home construction ramps up and the widespread availability of COVID vaccines bring more flexible sellers back to the housing market.

Inventory 544
article thumbnail

How is housing demand holding up? Logan Mohtashami answers

Housing Wire

Some historical references: The last two times rates rose, this is what we saw — 2013/2014 negative — 20% year over year trend 2018 purchase application data was flat to slightly positive all year long; we only had three mild negative years over year prints when rates headed to 5%. This data line is trend survey data.

Inventory 352
article thumbnail

Mortgage credit, and the coming purchase storm

Housing Wire

last month, still hovering near levels previously seen in 2014. Mortgage credit is still the tightest it has been in more than six years, but an unwavering February may be the calm before the purchase storm as lenders prepare for a revitalized economy, the Mortgage Bankers Association said in a report on Tuesday.

Mortgage 479
article thumbnail

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. housing market. The post Can lower mortgage rates stop the housing recession?

Mortgage 504
article thumbnail

Logan Mohtashami unpacks the slow train wreck that’s been happening in housing inventory

Housing Wire

One top question he addresses is how the industry is reacting to this savagely unhealthy housing market. HW+ Member: What’s the number one question you are getting from the real estate agent community on the economy and housing market? Months are homes under construction 0.8 Ghost Supply 2.2

Training 420