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DataDigest: Water wars in the Southwest

Housing Wire

Concurrently, the Colorado River is also in the midst of one of the worst droughts seen in over 1,200 years, and Arizona, California and Nevada agreed last week to collectively conserve 3 million acre-feet of river water through 2026. The story is much the same in the Phoenix metro, which saw active home inventory fall 9.8%

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What Fed rate cuts in 2024 will mean for homebuyers

Housing Wire

The housing market cheered as the Federal Reserve signaled interest rate cuts next year after making a series of rapid rate hikes starting in 2022. For 2026, Fed officials projected rates to fall below 3% by the end of 2026 through three more quarter percentage point reductions. in 2025, indicating four more 25 bps cuts.

Inventory 488
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6% mortgage rates are back (for select borrowers)

Housing Wire

The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand. Most LOs don’t expect traditional rate-term refinance demand to return until the second half of 2025 and into 2026.

Mortgage 482
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How healthy is the state of US homeownership?

Housing Wire

I believe the homeownership rate can get back to 66.21% at some point in the years 2022-2026.”. Up for the challenge, I created the phrase the forbearance crash bros , knowing that the housing crash addicts in America lack a financial credit profile risk analysis background. The lowest rate we have seen so far is 62.9%.

Inventory 365
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Despite Falling Rates, King County Housing Market Flops to End Forgettable Year

Will Springer Realtor

This should have sparked the fading embers of an otherwise chilly housing market in Seattle/King County in the final days of 2023. In other words, the housing market was in deep hibernation and the conditions should only improve from here. Inventory fell in terms of months of supply across the county. in November.

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IS THE REAL ESTATE WINDOW CLOSING SHUT?

Will Springer Realtor

Here’s how topsy-turvy our housing market has been this past year-plus. Now you may think I am referring only to homeowners, as in did they miss the peak of the market to sell their home at top dollar. The market may go into a brief lull – as it does during this quarter and into early next year. Estimated opening is 2026.

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PARKING AND THE IMPACT ON CLIMATE CHANGE

Will Springer Realtor

The spring housing market will include a trio of indicators – all rising. This year’s buying and selling campaign will be marked by increasing inventory (good!), APRIL HOUSING UPDATE. There are no signs of a market slowdown or bursting bubble in our housing market. The opening is targeted for 2026.