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Why are existing home prices rising when sales are still so low?

Housing Wire

From NAR : The median existing home price for all housing types in March was $393,500, an increase of 4.8% Of course this isn’t the healthiest housing inventory story. This is a byproduct of the qualified mortgage rule of 2010, which has been a game-changer not only for the housing market but for the overall U.S.

Inventory 485
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Days on market grow despite low inventory for existing homes

Housing Wire

On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. This is happening, and in the long run, this is a plus for the housing market.

Inventory 472
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The savagely unhealthy housing market is now a nightmare

Housing Wire

The housing nightmare continues. But, the savagely unhealthy data line was that home prices are up 14.8%. NAR Research : The median existing-home price for all housing types in May was $407,600, up 14.8% NAR Research : The median existing-home price for all housing types in May was $407,600, up 14.8%

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Is the Dallas Fed right to label this a housing bubble?

Housing Wire

Are we headed to a housing bubble? The Dallas Fed on Thursday published an article titled: Real-Time Market Monitoring Finds Signs Of a Brewing U.S. Housing Bubble. The online reaction was immediate — housing must be about to crash. For the housing bubble 2.0 I disagree with this conclusion. Let me explain.

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Think US home prices are high? At least we aren’t Canada

Housing Wire

wasn’t in a second housing bubble. To persuade people of this, probably one of the most important articles I have ever written in my life was in 2019, titled: Housing Bubble 2019? This was my best attempt to convince the housing bubble boys that what they believed in is more fabrication than reality before the years 2020-2024.

Buyers 530
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What the Fed rate hike means for the economy

Housing Wire

But looking forward, the Federal Reserve has now started to pull back from their accommodative stance because they believe the economy is too strong and the concern right now is to fight inflation with rate hikes. From the Federal Reserve : Indicators of economic activity and employment have continued to strengthen.

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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?