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Why are existing home prices rising when sales are still so low?

Housing Wire

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. From NAR : The median existing home price for all housing types in March was $393,500, an increase of 4.8% All four U.S.

Inventory 473
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Days on market grow despite low inventory for existing homes

Housing Wire

On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. This is happening, and in the long run, this is a plus for the housing market.

Inventory 464
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The savagely unhealthy housing market is now a nightmare

Housing Wire

The housing nightmare continues. But, the savagely unhealthy data line was that home prices are up 14.8%. NAR Research : The median existing-home price for all housing types in May was $407,600, up 14.8% NAR Research : The median existing-home price for all housing types in May was $407,600, up 14.8%

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Logan Mohtashami on why this is a savagely unhealthy housing market

Housing Wire

Due to this reality, I have downgraded the housing market from unhealthy housing to a savagely unhealthy housing market. Due to this reality, I have downgraded the housing market from unhealthy housing to a savagely unhealthy housing market.

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Is the Dallas Fed right to label this a housing bubble?

Housing Wire

Are we headed to a housing bubble? The Dallas Fed on Thursday published an article titled: Real-Time Market Monitoring Finds Signs Of a Brewing U.S. Housing Bubble. The online reaction was immediate — housing must be about to crash. For the housing bubble 2.0 I disagree with this conclusion. Let me explain.

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

Housing Wire

Over the weekend, I tweeted several charts, showing people the big divergence between home price growth and real disposable income in the two countries. Over the weekend, I tweeted several charts, showing people the big divergence between home price growth and real disposable income in the two countries. housing market follow Canada?

Buyers 527
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What the Fed rate hike means for the economy

Housing Wire

From the Fed: The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. With appropriate firming in the stance of monetary policy, the Committee expects inflation to return to its 2 percent objective and the labor market to remain strong. The implications for the U.S.