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The 2021 housing market recap by Logan Mohtashami

Housing Wire

economic recovery was a false story and that we were about to embark on a second housing bubble crash due to forbearance. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. That didn’t end well for them. million toward the end of the year.

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Will we start 2022 with all-time lows in housing inventory?

Housing Wire

Not even 5% mortgage rates in 2018 budged this data line too much. As I have recently noted in a previous article, while everyone focused on iBuyers , who don’t even make up 1% of total home sales, the MBA purchase application data has had a nice run for the last 13 weeks. 2020 and 2021 easily each have over 6.2

Inventory 516
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What happens after the Fed’s rate hike?

Housing Wire

From the WSJ article: “ U.S. From the WSJ article: “ U.S. This was key to the recovery going into the COVID-19 crisis and getting out of that brief recession because we didn’t have a credit bubble that needed deleveraging. In 2000, we saw a lot of credit stress in the system. households still have around $1.7

Law 513
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What happens if I declare bankruptcy?

PennyMac

Generally speaking, people file for bankruptcy during extreme financial hardships: the inability to repay large debts, have outstanding mortgage payments or they are facing foreclosure. Another option is loan forbearance , which is when payments are put on hold for a set period. What Are The Different Types of Bankruptcy?

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What would it take to crash the housing market?

Housing Wire

One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids.

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5 predictions for the 2022 housing market

Housing Wire

This article is part of our HousingWire 2022 forecast series. 2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. for 30-year fixed-rate loans.

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5 updated predictions for the second half of the 2022 housing market

Housing Wire

This article is part of our housing market update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Currently, bets are on two, 50 basis-point hikes in May and June meetings, followed by 25 basis-point increases through the end of the year. To register for the HW+ event, go here.