Remove 11 construction-job-openings-peaked-for-cycle
article thumbnail

Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

Nevertheless, while we view the trends described below as the most likely path for the economy and mortgage market in 2022, this news highlights the elevated level of uncertainty we’ve all been living with the past few years. A silver lining is that we are expecting both 2022 and 2023 to be record years for purchase originations.

Marketing 458
article thumbnail

A good jobs report, but also another recession red flag

Housing Wire

Today, the Bureau of Labor Statistics reported that the United States Of America created 431,000 jobs in March. We also had 95,000 positive revisions, and although this was a slight miss of estimates, it continues the solid trend of good job reports in 2022. Job openings should get to 10,000,000 in this expansion.

Marketing 450
Insiders

Sign Up for our Newsletter

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

article thumbnail

The 2021 housing market recap by Logan Mohtashami

Housing Wire

Retail sales have been off the charts, job openings are at 11 million, GDP growth picked up big time and jobless claims hit a level last seen in 1969. Now that we are just a few days away from 2022, it’s time to take a look at the positive and the negative housing stories of 2021. That didn’t end well for them.

article thumbnail

Logan Mohtashami: The 2022 housing forecast

Housing Wire

With those two factors still very much in play, here is my 2022 forecast. For 2022, my range for the 10-year yield is 0.62%-1.94% , similar to 2021. We had a few times in the previous cycle where the 10-year yield was below 1.60% and above 3%. The economic rate of growth peaked in 2021. The forecast.

article thumbnail

Will Springer Realtor - Untitled Article

Will Springer Realtor

month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 months in Q2 of 2022, according to a survey conducted by John Burns Research & Consulting. Owners are investing about $475B ( yes, billion! annually in home improvements across the U.S.,

article thumbnail

Affordability Woes Prompt Historic Housing Slowdown

Will Springer Realtor

sales in September, 29% of them were paid with cash (no mortgage), below the peak of 35% in 2011. Sales activity across the county is at historic lows; no October has experienced fewer listings in King County – not even close – since at least 1992 when records were first archived online. decline in a month and off 23% year-on-year (YoY).