Remove 2019 Remove Construction Remove Housing Market Remove New Listings
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Coastal California metros were the priciest  in March: Zillow

Housing Wire

Competition in the housing market is heating up heading into May and June. metros, with coastal California cities and Seattle leading the charge in monthly home value growth, according to Zillow’s newest market report. ” Competition is stiff for attractive listings. Home prices are surging in major U.S.

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Logan Mohtashami’s 2023 housing market forecast

Housing Wire

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. So where does all that drama leave us for 2023?

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Can lower mortgage rates stop the housing recession?

Housing Wire

The question is, can lower mortgage rates save the housing market from its recent downtrend? We saw this in 2013-2014 and 2018-2019. million to the lows of January 2019 at 4.98 Housing acts better when rates are below 4%. We see some of this in the active listing data as new listings are declining.

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Homebuyers increasingly seek ARMs as mortgage rates soar 

Housing Wire

The 30-year fixed-rate mortgage continues to remain just shy of 7% and is adversely impacting the housing market in the form of declining demand,” Sam Khater, Freddie Mac’s chief economist, said in a statement. Sellers are responding to the shift in the market and pulling back on listing activity, resulting in a 9.8%

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The housing market is losing steam

Housing Wire

Mortgage applications for new home purchases in June decreased 3% from May and 23.8% year over year, suggesting a slowdown in the housing market, according to a recent report from the Mortgage Bankers Association. “Last year was the strongest year in the housing market for new home sales in over a decade,” he said.

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Higher rates flip the homebuilders’ fortunes (again)

Housing Wire

months of the supply is active listings, 68K 5 months of the supply is still under construction, 280K 1.6 When we look at active listings today, we are still at 980,000, near all-time lows, even with the recent massive hit to demand. To get more inventory you need more Americans to list their homes. When supply is 4.3

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Fannie Mae, and the housing market’s inflation problem

Housing Wire

Another month of steadily increasing home prices and insatiable demand led Fannie Mae ‘s Economic and Strategic Research Group to alter many of its 2021 predictions – in particular, its outlook on the symbiotic relationship between the housing market and inflation measures.