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The Red-Hot Housing Market

Housing Wire

This article is part of our 2022-23 Housing Market Forecast series. The red-hot housing market of the past 2 ½ years was characterized by sub-three percent mortgage rates, fast-paced bidding wars and record-low inventory. The run-up in home prices was driven by rock-bottom mortgage rates and pandemic-fueled demand.

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The big short in housing supply isn’t going away

Housing Wire

This article is part of our HousingWire 2022 forecast series. The supply-demand imbalance fueling the housing market shows no signs of abating in 2022, even as homebuilders attempt to bridge the gap. Any market characterized by rising demand against insufficient supply is Econ 101 for price growth.

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Housing Prices are Forecast to Decrease 20% Next Year

D Fritz Appraisals

This rise has caused rental rates to spike, increased demand for housing and has made it very difficult, if not impossible, for first-time buyers to get their foot in the door of home sweet home. Factoring into this decrease is a rise in mortgage interest rates. Factoring into this decrease is a rise in mortgage interest rates.

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What is a residential complex property?

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. NOTE: Please scroll down to read the other topics in this long blog post on mortgage rate forecast, Humor, adjustments, George Dell, unusual homes, mortgage origination stats, etc. ==. Very funny!!

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RISING INFLATION, RATES TRIP UP HOUSING MARKET

Will Springer Realtor

This, coupled with a significant portion of homeowners standing pat with mortgages at or below 4% interest (and other factors) is causing the market to lose steam. Home shoppers often focus on the direction of mortgage interest rates, which have jumped more than two percentage points this year alone to a range of 5.75%-6.0%

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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. Today, 37% of all buyers are Millennials and they comprise about 54% of all mortgage applications. Rainier-esque peak of a decade past! Thank you, Millennials! points at 34.