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Why home prices haven’t crashed even with high mortgage rates

Housing Wire

The most underreported housing story I’ve seen this year is that even with mortgage rates rising to 8%, the number of homes that took price cuts before they sold was 4% below 2022 levels. This happened even with higher home prices and higher mortgage rates in 2023. Now lets take a look at the weekly inventory data.

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Housing inventory fell last week, but it won’t derail the spring bump

Housing Wire

Also, spreads between the 10-year yield and the 30-year mortgage got better last week, which is a big plus for the future if this trend continues. This model was based on rates over 7.25% , but even when mortgage rates headed toward 8% last year, we didn’t see that kind of growth in inventory.

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Housing inventory defied all predictions in 2023

Housing Wire

Looking back on 2023, the inventory story was a big surprise even as mortgage rates headed toward 8%, as the data below will show. This didn’t happen once in 2023 — even with rising mortgage rates. This didn’t happen once in 2023 — even with rising mortgage rates. 9, 2022, and they’ll be ready for what’s coming next.

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Why fewer homes are taking a price cut, even while inventory rises

Housing Wire

This calls into question a mortgage rate lockdown, as mortgage rates are also higher year over year. However, this data can move stronger in either direction when mortgage rates rise or fall aggressively. Here is a look at last week: Weekly inventory change (Feb. What is all this data pointing to?

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How will mortgage rates impact seasonal inventory in 2024?

Housing Wire

How will mortgage rates impact seasonal inventory in 2024? Also, when mortgage rates rise, the inventory peak happens later in the year. Here is a look at last week: Weekly inventory change (Jan. Here is a look at last week: Weekly inventory change (Jan. Is the seasonal bottom going to happen later than I want?

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Solid jobs report sends mortgage rates lower

Housing Wire

Mortgage rates fell aggressively down to 6.20%, putting us at more than 1% below the highs of 2022. However, the bigger story here is there is a pathway for a soft landing for America, and the Fed should be ashamed of itself for believing that a job loss recession is the best way to kill inflation. We ended 2022 on a solid note as 4.5

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11 real estate events & conferences to help you thrive in 2024

Housing Wire

Here’s a look at 11 real estate conferences and events that should be on your radar this year. Here, you can make connections, learn, and explore solutions to the housing industry’s most critical challenges and promising opportunities. What we love: We are biased but The Gathering pulls from a wide net. Link to register 2.