10 affordability-expectations-improve-as-the-typical-buyer-changes 2022 Related Topics 
Housing Wire
JANUARY 13, 2024
Last week, housing inventory grew and the number of price cuts fell, which is expected at this time of the year. I hope the next thing we see is housing inventory grow at the level it typically does in January or February instead of being delayed until March or April. 2022 21.7% 2022 21.7%
Housing Wire
DECEMBER 14, 2022
However, activity in the housing market will remain depressed at least in the first half of next year as home affordability continues to be a challenge for homebuyers. . Weaker growth typically leads to lower long-term interest rates, including mortgage rates,” Frantoni said in a statement. . is headed for a recession next year.
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Housing Wire
JANUARY 9, 2023
That’s a big one-week change. Traditionally, we do see housing inventory fall in the month of December, however, we clearly saw in the second half of 2022 that higher rates created more days on the market and inventory was lingering longer. The housing market saw inventory fall 4% last week from the week before.
Housing Wire
FEBRUARY 1, 2023
Rob Nunziata , co-CEO and co-founder of Florida-based FBC Mortgage , says one mortgage sweetener that holds out some promise for making houses more affordable for a broader swath of borrowers is the temporary rate buydown. Most of the temporary rate buydowns offered through FBC are paid for by builders, he said. “We in year one, go to 5.2%
Housing Wire
JULY 28, 2022
But they do agree on one thing: Higher interest rates will quell housing demand, which will allow inventory to rebound and, eventually, spur the return of reluctant buyers. through the rest of 2022. An improvement from the 6% mark, yet it’s still significantly higher than early 2021’s 3% level.
Listing Spark
DECEMBER 15, 2022
How owner financing typically works. How to qualify buyers so that you have a low default rate on owner financing deals. Why some buyers can’t qualify for more traditional financing. Why owner financing strategy is changing with the changing market. What to expect in the real estate market at the end of 2022.
Housing Wire
AUGUST 14, 2023
Mortgage rates have been stubbornly above 7% for two months and it sure looks like home buyers are growing weary. We can see signs that buyers are slowing, both in the sales volume and in the sales price data. This slowdown is not like last year, instead, it’s just slightly fewer buyers each week.
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