Remove 2023 Remove Housing Market Remove Mortgage Remove Real Estate
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Just how bad was 2023 for the housing market?

Housing Wire

RIP 2023 — Whew, that was a year none of us would like to live through again. RealTrends has been tracking housing market data since 1979, including households, home sales, average mortgage rates , etc. The factor for 2023 was 3.58%. Another startling fact was that 2023 saw just over 4 million existing home sales.

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Typical homebuyers made $107,000 annually, used a real estate agent in 2023: NAR survey

Housing Wire

Buying a house was obtainable only for the haves in 2023 as home prices and mortgage rates soared. Homebuyers’ median household income increased by $19,000 this year from 2022, reaching $107,000, according to the National Association of Realtors ’ 2023 Profile of Homebuyers and Sellers.

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The 2023 Housing Market: A Look Ahead

Housing Wire

This article is part of our 2022-23 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Heading into 2023, it seems well within reason, given current trends, that a peak-to-trough decline in home prices of 10% is possible. .

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Opinion: The ripple effect on the U.S. housing market from China’s real estate crisis

Housing Wire

The real estate market in China, both commercial and residential, have been unwinding over the last few years. Lax lending standards and cheap credit, plus a popular belief that real estate values never decline, created a massive bubble. Growing demand While there is a chance of real estate assets in the U.S.

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Positive signs abound for 2024 housing market: ICE

Housing Wire

Recent market trends — including an improvement in mortgage rates, housing affordability and potential refinance opportunities — suggest positive signs for the real estate market this year, according to February’s Mortgage Monitor report from Intercontinental Exchange (ICE). million to 3.8

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Anywhere reports losses amid slow housing market

Housing Wire

Anywhere Real Estat e felt the brunt of slow home sales during the fourth quarter of 2023 as the company reported a loss of $107 million during the three-month period. The company produced these results amid “an incredibly difficult year for the housing market,” Schneider said during an earnings call on Thursday.

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As the housing market bottoms out, educating the future mortgage pro becomes paramount

Housing Wire

Many analysts who cover the mortgage industry believe that the worst of the current cycle may be in the rearview mirror. In 2022 and 2023, quickly rising mortgage rates and shrinking volumes sent shockwaves through the industry and prompted massive job cutbacks. According to data from the U.S.