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Positive signs abound for 2024 housing market: ICE

Housing Wire

in November, which at first glance suggests an accelerating housing market. Under such a scenario, more than half would be homeowners who financed in 2023, with less than 10% coming from 2022-vintage loans. That figure is down $243, or nearly 10%, from a record in October, but up $831 (58%) from the start of 2022.

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Is the savagely unhealthy housing market back?

Housing Wire

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. If we had a massive credit boom-to-bust, inventory would have skyrocketed in 2022.

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The housing market is now savagely unhealthy

Housing Wire

This level is still within my 2022 forecast sales range between 5.74 million and I am looking for more of the same in 2022, at the 5.74 To get the housing market to be sane and normal again, we need inventory to get back in a range between 1.52 – 1.93 even for rental housing. million and 6.16 million level.

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Big Four executives bemoan housing market conditions

Housing Wire

Executives at both Stewart Information Services and First American Financial bemoaned the challenging housing market environment as they discussed their respective firms’ first quarter 2023 earnings with investors Thursday morning. million in Q1 2022. billion for the quarter, down 29% year over year, and a $45.9

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What Impact Do Investors Have on the Housing Market?

Appraisal Buzz

Citing recent data from First American Data & Analytics, investor purchases of residential homes as rental properties as a share of all residential home sales, have increased sharply over the course of the last year. in May 2021 to 18% by May 2022. The post What Impact Do Investors Have on the Housing Market?

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The housing market is still savagely unhealthy

Housing Wire

However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. million sales print on Wednesday is in line with my 2022 forecast sales range between 5.74 million and 6.16 million level. million.

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How home-price growth has damaged the housing market

Housing Wire

in the previous month… Nine of the 20 cities reported higher price increases in the year ending April 2022 versus the year ending March 2022. This data line lags the current housing market as it’s a few months old. Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005.