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Why purchase application data is below 2008 levels

Housing Wire

Understanding this data line and what it is trying to tell you will be more valuable than erroneously thinking the market is crashing and we’ll see a wave of foreclosures. Right on cue, 2020 came and we hit the 300 level. However, the housing market did run into one problem in 2020. We are up 43% since 2020.

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What would it take to crash the housing market?

Housing Wire

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. 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.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

COVID-19 and subsequent government actions have dumped gasoline on wealth inequality in ways that we don’t fully understand yet. We believe this will create a strong appreciation for homes and neighborhoods that are in demand in our HGTV / COVID-19 world (details below). Do You Want To Buy A Home Now? Need To Sell?