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Why higher rates aren’t crashing home prices

Housing Wire

Home prices aren’t crashing, despite what the housing bubble boys are saying. In fact, home prices have firmed up higher recently. Well, it’s June 9, 2023, and home prices have been firm month to month, not showing anything that resembles the housing bubble crash years. I mean, it’s year 11 now of the housing bubble 2.0

Inventory 545
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Logan Mohtashami on why this is a savagely unhealthy housing market

Housing Wire

For example, my home price growth forecast for 2022 was between 5.2% – 6.7%; at first, that looked like it was too small. HousingWire: How will rising rates affect new home construction? HousingWire: How will rising rates affect new home construction? Today’s new home sales report was satisfactory.

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Logan Mohtashami’s 2023 housing market forecast

Housing Wire

Housing went into a recession in June and mortgage volume fell off a cliff. Home price s. I wrote then: “I am looking for total home-price growth to be between 5.2% That price forecast will be incorrect, as home prices will likely end up between 6.8% national home price decline. in total for the year.

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New home sales make it clear: Housing is in a recession

Housing Wire

Tuesday’s report on new home sales came in as a miss of estimates and prior revisions were all negative. This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. However, for the new home sales sector, it would put their business model at risk.

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Here’s why the housing market needs higher mortgage rates

Housing Wire

Logan Mohtashami: Whenever home prices are rising, and then rates rise, people look up the term Housing Bubble; it’s the nature of the beast. I liked the Dallas Fed’s article; I thought they were much calmer about the housing market than I am. Logan Mohtashami: Yes, the 3rd recession red flag was raised.

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

———————————————- Changes to ROVs: GSEs and HUD Announce New Reconsideration of Value Policies By Dave Bradley, McKissock May 2, 2024 Excerpts: On May 1, 2024, Fannie Mae, Freddie Mac, and HUD announced new policies for appraisal reconsiderations of value (ROV).

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Logan Mohtashami: The 2022 housing forecast

Housing Wire

But when a new, powerful variable presents itself, like the worldwide COVID-19 pandemic, the economy can change on a dime. I said that when the economy was beginning the new expansion, the 10-year yield would create a range between 1.33%-1.60%. COVID was a veritable iceberg for our ocean liner economy, but the ship did not go down!