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Are mortgage rates about to fall?

Housing Wire

But since 2022, the spreads between them have gotten worse, meaning mortgage rates are abnormally higher than they should be. This can be partly due to a higher percentage of cash buyers in the sales mix that purchase applicatoins won’t account for. The slope of the curve in 2024 is much slower than we saw in 2022.

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Home prices accelerated in March even as mortgage rates climbed

Housing Wire

below its June 2022 peak.” Low inventory , maintained by an extremely low level of new listings coming onto the market, has fueled demand amongst the few buyers who can afford to stay shopping. increase in home prices in the first quarter of 2023 from the first quarter in 2022. The National Composite rose by 1.3%

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Mortgage market affordability and inventory challenges

Housing Wire

2022 State of the Mortgage Industry: Affordability and Inventory. It was no surprise that affordability hit the top of the list in every interview. In Portland, Oregon, for example, one loan officer noted that new listings doubled in the second half of May from 800 to 1,900 new listings.

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Housing Market Predictions for 2022 and Other Appraisal News

McKissock

As the end of the year approaches, housing market predictions for 2022 abound. Fortune reviews various 2022 housing forecasts, focusing specifically on home price growth. Redfin predicts a more balanced residential market in 2022. Predictions for the top housing markets of 2022 may surprise you. Boise City, Idaho.

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Can lower mortgage rates stop the housing recession?

Housing Wire

To say that mortgage rates have been on a wild Mr. Toad’s ride in 2022 is an understatement. We know the impact in 2022, working from the highest bar in recent history. However, that got smashed in just two years, and prices are still rising in 2022. We see some of this in the active listing data as new listings are declining.

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Study: Real Estate Hot in Hurricane Ian-Hit Areas

Empire Appraisal Group

In the two months after the devastating September 2022 storm, Cape Coral-Fort Myers saw 900 fewer new listings than there would have been had the storm not hit, according to Redfin projections. But in the six months after that, the area had 1,314 more new listings than projected, a number that more than offsetting the shortfall.

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Zillow and Redfin partner on new construction listings

Housing Wire

Zillow Group ‘s new-construction listings will be automatically syndicated to Redfin. The deal between the listing platforms comes as new construction listings form roughly 30% of the housing sales market. New single-family home sales rose 23.8% New single-family home sales rose 23.8%