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Housing Market Tracker: Mortgage rates and inventory fall together

Housing Wire

These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. Active inventory fell 1,109, and new listing data made a lovely comeback week to week but was still noticeably down year over year. In a regular market, they would be closer to 5.25%.

Inventory 450
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Despite 3-month slump, pending home sales look just right

Housing Wire

regions, only the West registered an increase in month-over-month contract activity. million existing home sales, which was only roughly 130,000 more than 2017 levels.”. million as mortgage buyers became more active toward the end of the year, which breaks from the seasonal patterns. Of the four major U.S. million – 6.2

Inventory 410
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Expect the growth rate of existing home prices to cool down this year

Housing Wire

So, it was necessary to highlight that for this report because our fresh current inventory data paints a different picture. Looking ahead, price growth will cool down in the second half of 2024 because of increased inventory and more homes taking a price cut before selling. from the previous year ($385,800). All four U.S.

Inventory 478
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A Quick Look At The Birmingham Housing Market: First Quarter 2022

Birmingham Appraisal

There is a direct relationship between the health of the market and buyer activity. Median home prices continue to rise as a result of high demand and limited inventory. First-quarter stats show a steady increase from 2017 to the present. In a buyer’s market, the inventory is much higher and buyers have more choices.

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Price Adjustments in this New Housing Market

Lamacchia Realty

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying.

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In-Person Home Appraisals Won’t Be Required for Some Loans: Should You Get One Anyway?

Realtor

That cost is footed by the loan seeker, whether it’s a buyer getting a mortgage or a homeowner trying to refinance. million home mortgages, only about 5%, or 60,000, were no-appraisal mortgages in 2017, according to data given to the Post. Should home buyers get a no-appraisal mortgage? Of Fannie’s roughly 1.2

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In-Person Home Appraisals Won’t Be Required for Some Loans: Should You Get One Anyway?

Realtor

That cost is footed by the loan seeker, whether it’s a buyer getting a mortgage or a homeowner trying to refinance. million home mortgages, only about 5%, or 60,000, were no-appraisal mortgages in 2017, according to data given to the Post. Should home buyers get a no-appraisal mortgage? Of Fannie’s roughly 1.2