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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 469
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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. Data from NAR also shows a home price correction in nearly one-third of the 221 markets it tracks in the first quarter of 2023.

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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. In a regular market, they would be closer to 5.25%.

Inventory 437
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The Red-Hot Housing Market

Housing Wire

This article is part of our 2022-23 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. at the end of 2022.

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The 2023 Housing Market: A Look Ahead

Housing Wire

This article is part of our 2022-23 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. months nationally.

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Logan Mohtashami on how the housing market is holding up

Housing Wire

HousingWire: The best way to start is to talk about purchase application data, can you break that down for us? Logan Mohtashami: Yes, purchase application data has always been a useful forward looking indicator for housing, especially when we are dealing with higher mortgage rates. This Q&A was originally hosted on April 20th.

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Top Ten Reasons Why It Is Great to be an Appraiser!

Appraisal Today

See places in people’s houses that usually require a search warrant to access. Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. Top Ten Reasons Why It Is Great to be an Appraiser! The wonderful world of rats, bats, and spiders.