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Housing Market Tracker: Spring inventory grows

Housing Wire

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. While the labor market is getting less tight, it’s not broken yet. Purchase application data Purchase application data has been the main stabilizing data line for the housing since Nov.

Inventory 510
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Housing Market Tracker: A wild week for rates

Housing Wire

It was a wild ride for the housing market last week! However, on that front, jobless claims did have a good week, as they fell which is a positive sign for the labor market, not a negative. Purchase application data The housing market shifted significantly when mortgage rates peaked late year and started to fall.

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Housing Market Tracker: Purchase apps surprise

Housing Wire

This dynamic changed the housing market from one where home sales were crashing to one that is now stabilized. As you can see in the chart below, the collapse of the purchase application data has stalled out, and if this didn’t happen, we would be having a different conversation about the housing market today.

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Housing Market Tracker: Active listings barely budge

Housing Wire

The rise of active listings in this spring housing market reminds me of a zombie slowly rising from its grave. Yes, we found the seasonal bottom for housing inventory on April 14, but this year’s rise in active listings has been tepid at best. Can you imagine the housing market at that point? From the St.

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2021 MMI Report: Reverse mortgage portfolio hits positive territory for first time since 2015

Housing Wire

The reverse mortgage portion of the Federal Housing Administration’s Mutual Mortgage Insurance Fund (MMIF) has reached a positive capital ratio on the overall government-backed portfolio, according to an annual actuarial review of the fund’s finances and FHA’s Annual Report to Congress, both released Monday morning.

Mortgage 312
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Housing Market Tracker: Spring inventory falls

Housing Wire

2017 99,880 2016 88,105 2015 94,101 As you can see in the chart below, new listing data is very seasonal; we don’t have much time to get some more growth here. Even though the labor market is currently showing signs of getting softer , there is no job-loss recession yet. The total NAR inventory is still 980,000.

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Housing Market Tracker: Mortgage rates over 7%

Housing Wire

Louis Fed : Initial claims for unemployment insurance benefits increased by 4,000 in the week ended May 20, to 229,000. Weekly housing inventory The growth in active listing inventory has been tepid this year. The housing market moves with the 10-year yield , so watching this is critical. From the St.