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

Housing Wire

Weekly housing inventory data — both active inventory and new listings — are prone to one-week moves that deviate from a trend, especially if people are going Easter egg hunting. So, the fact that active inventory and new listings data fell last week isn’t a big deal. However, for now, this is a plus for the U.S.

Inventory 464
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What does the new normal for first-time homebuyers look like?

Housing Wire

Today, as affordability wanes and housing supply ticks up, house price growth is decelerating and will likely continue to trend towards its historical average. Today, as affordability wanes and housing supply ticks up, house price growth is decelerating and will likely continue to trend towards its historical average. The tailwinds.

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Housing Market Tracker: Still no spring inventory lift

Housing Wire

Here’s a quick rundown of the last week: The 10-year yield battle continues as bond yields rose early in the week only to close below 3.50% on Friday. Active inventory fell by 3,141, and new listing data fell again and is still trending at all-time lows. Housing demand grew and inventory levels fell again while mortgage rates rose.

Inventory 490
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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. Home Prices will fall, but don’t expect 2010. Median home prices have declined for four straight months. November and December will likely continue that trend of downward momentum. There won’t be forced home sales like we saw in the crisis.

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

Housing Wire

Home prices in the U.S. have been skyrocketing since 2020, however, I often like to remind people that no matter how crazy home-price growth is in America, at least we aren’t Canada. When it comes to home prices — and especially home prices compared to income — our neighbors up north are like Godzilla to our gecko.

Buyers 530
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What do economic trends mean for housing in 2023?

Housing Wire

This article is part of our ongoing 2023 Housing Market Forecast series. It has also increased the likelihood of a modest recession later this year. However, the recent softness in home prices has raised questions about whether this is, “2008 all over again!” Although rates have ebbed from over 7% earlier this year to below 6.5%

Inventory 377
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A housing boom doesn’t portend a bust

Housing Wire

This article is part of our housing market economic update series. Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise. At the end of this series, you can join us on May 10 for a Housing Market Update webinar.