Remove articles the-fed-was-wrong-about-jobs-and-inflation
article thumbnail

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. In fact the price cut percentage consistently stayed 4% below 2022 levels.

Mortgage 527
article thumbnail

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. What did I get wrong? in total for the year.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Logan Mohtashami: The 2022 housing forecast

Housing Wire

When COVID-19 was about to hit our economy, I forecasted that the 10-year yield recessionary yields should be in a range between -0.21%-0.62%. About a month later, I published my AB (America is Back) recovery model , which said that the 10-year yield should get back toward 1%. The 10-year yield and mortgage rates. The forecast.

article thumbnail

Appraising Short-Term Rentals/Airbnb

Appraisal Today

She is talking about an investor buying and renting many rooms in a house, sometimes changing the floor plan. Two articles by Julie on my website: Residential Appraisals and Airbnb Income? Excerpts from the article : Don’t get caught like a deer in the headlights! What role does an appraiser take when sorting between the two?