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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. The housing bubble boys are a crew that from 2012 to 2019 screamed housing crash every year. 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.

Inventory 546
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How will mortgage rates impact seasonal inventory in 2024?

Housing Wire

How will mortgage rates impact seasonal inventory in 2024? Also, when mortgage rates rise, the inventory peak happens later in the year. Weekly housing inventory data One substantial positive story for 2024 is that we have more housing inventory year over year. But at least it’s positive!

Inventory 517
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Housing Market Tracker: Mortgage rates and inventory fall together

Housing Wire

The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory.

Inventory 450
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Will Omicron variant stop first Fed rate hike?

Housing Wire

During this Thanksgiving week, we went from higher yields and the first Fed rate hike storyline to a big drop in bond yields and scary headlines on a new COVID variant, Omicron. In this type of economic environment is it even possible for mortgage rates to get to 4% and can the Federal Reserve really hike rates in an aggressive fashion?

Retail 538
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IPO no: Why real estate companies stopped going public

Housing Wire

Gal and other company representatives did not return messages for this article. Another, though, is fading enthusiasm from investors and IPO underwriters that a company can upend the notoriously fragmented residential real estate industry. Last June, Guy Gal was staring ahead at Wall Street. Side is no outlier. Seeing red.

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Logan Mohtashami’s 2023 housing market forecast

Housing Wire

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. So where does all that drama leave us for 2023?

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Here’s why new home sales are up along with prices

Housing Wire

Hopefully, I can make sense of this report, which showed the home sales beat estimates with prices still at all-time highs. From Census: New Home Sales Sales of new single-family houses in October 2022 were at a seasonally adjusted annual rate of 632,000, according to estimates released jointly today by the U.S. percent (±20.8