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How will mortgage rates impact seasonal inventory in 2024?

Housing Wire

This is due to demand rising late in one year, pushing through the early part of the next year and preventing inventory growth. Also, when mortgage rates rise, the inventory peak happens later in the year. Never forget most sellers are buyers of homes as well, especially if the economy isn’t in a job loss recession.

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How the housing market will evolve in 2023

Housing Wire

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. They increased the Federal Funds Rate from nearly 0% at the start of 2022 to 4.5% Inventory What does that mean for housing? They eased below 6.5%

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Is the spring housing market about to rebound?

Housing Wire

While it’s not as clear how long-lasting the rebound will be, it does still provide some much-needed good news for the spring and summer housing market. This article is part of our ongoing 2023 Housing Market Forecast series. After this series wraps, join us on May 30 for the next Housing Market Update Event.

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How is the housing market impacting real estate agents?

Housing Wire

But today’s housing market has forced him to pivot to remain successful. In certain neighborhoods, such as Coconut Grove and Coral Gables, we’re at 25-year lows in inventory, with buyer demand I’ve never experienced.”. The house sold for $1.5 Start an HW+ Membership now for less than $1 per day. for $895,000.

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Why purchase application data is below 2008 levels

Housing Wire

But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care. Credit growth in the previous expansion was going to be slow and steady until our household formation data got high enough to get demand higher. nominal per year at most.

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The savagely unhealthy housing market is now a nightmare

Housing Wire

The housing nightmare continues. Total housing inventory has collapsed to all-time lows since 2020 and because this happened during the years 2020-2024, it created forced bidding and drove prices well above my 23% five-year home-price growth model in just two years. million , down 3.4% from the previous month and 8.6% from last year.

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Days on market grow despite low inventory for existing homes

Housing Wire

I cheer because the savagely unhealthy housing market theme I talked about back in February of this year was the same premise of the housing reset talking point the Federal Reserve uses. Total inventory data started at all-time lows at the beginning of 2022, creating more bidding war action in January and February, peaking in March.

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