Remove 2025 Remove Construction Remove Inventory Remove Mortgage
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Pending home sales surged in December: NAR

Housing Wire

The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. in 2025 to reach $405,200.

Contracts 445
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Why housing inventory is so low right now

Housing Wire

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

Inventory 494
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Pending Home Sales Increased in March But Meaningful Gains Won’t Occur Until Rates Fall

Appraisal Buzz

“Meaningful gains will only occur with declining mortgage rates and rising inventory,” Yun says. million in 2025. Inventory will grow steadily from more home construction, and various life-changing events will require people to trade up, trade down or move to another location.” in 2025 to $403,800.

Inventory 195
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Why housing inventory is so low right now

Housing Wire

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

Inventory 404
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No sign of relief in housing even as the Fed holds rates steady 

Housing Wire

In an elevated rate environment, the lack of inventory continues to be the biggest challenge for many potential buyers, the Mortgage Bankers Association said. The MBA expects mortgage rates should begin to reflect that the Fed’s moves in 2024 will be cuts – not further increases. in 2024 and 5.1%

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Homebuilders are at max capacity. And the housing shortage keeps widening

Housing Wire

In a recent earnings call, Sheryl Palmer, chairman and CEO of national homebuilder Taylor Morrison , said about two-thirds of homeowners now have mortgage interest rates below 4%. Fannie Mae ’s vice president of economic and strategic research, Hamilton Fout, said the gap between homeowners now holding historically low mortgage rates (i.e.,

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Mostly Positive Start to 2024 Housing Activity in Seattle/King County

Will Springer Realtor

Total inventory remains low, however, keeping prices higher on an annual basis. Active listings typically fall when mortgage interest rates fall and rise when interest rates rise. This will skew figures, particularly in Seattle where more ADUs are under construction than traditional single-family residences. 1; that’s 2.8%