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How this week’s Fed meeting could impact inventory

Housing Wire

real estate market were for inventory growth, sales growth and home-price growth across the U.S. At the time, I observed that even if mortgage rates stayed flat, the momentum seemed to be in the cards for broad, slow growth in the market. I talk frequently about how rising rates creates rising inventory.

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Where are home prices headed this spring?

Housing Wire

Specifically, when housing inventory is 25% greater than a year ago, the supply/demand balance is obviously very different than it has been. So while we can see currently the prices of home sales holding up, the signals for the end of 2024 and into 2025 seem to suggest we’re heading for flat home prices. Now it’s on the rise.

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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. According to an NAR outlook, home sales are projected to rise significantly in 2024 and 2025 as the housing market steadily returns to normal.

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Pending-home sales drop 13% from a year ago as rates stay high: Redfin

Housing Wire

This is pushing many prospective homebuyers to the sidelines until the market becomes healthier. Meanwhile, available inventory continues to dwindle as many homeowners stay put to keep their relatively low mortgage rates. 17, total active listings were at 806,701, down 16.2% New listings are down 6.7%

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A sub-7% mortgage rate brings holiday cheer

Housing Wire

Mortgage rates fell below the 7% threshold this week as markets prepared for Federal Reserve Chairman Jerome Powell’s announcement on Wednesday. 14, according to Freddie Mac ‘s Primary Mortgage Market Survey. Meanwhile, new listing activity also inched up slightly in recent weeks, another good sign for homebuyers who have more options.

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A soft landing for the real estate market. What’s next?

Housing Wire

housing market could have a soft landing in 2023. The market was roaring — way too hot — with bidding wars, speculators and investors who thought they couldn’t lose. A soft landing is how you end that crazy cycle without the massive pain of a market crash or bubble burst. Inventory has fallen all year. is $450,000.

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Japanese builder Sekisui House to acquire MDC for $4.9B

Housing Wire

“It will also allow us to achieve our goal of supplying 10,000 homes outside of Japan by fiscal year 2025, ahead of our initial expectations.” faces house inventory challenges. Data from Altos Research shows that just over 505,000 single-family homes are on the market across the U.S. That’s a 1.2%