Remove articles where-are-home-prices-headed-this-spring
article thumbnail

Housing inventory defied all predictions in 2023

Housing Wire

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. 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 year’s peak was Nov.

Inventory 506
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. Now lets take a look at the weekly inventory data.

Mortgage 529
Insiders

Sign Up for our Newsletter

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

article thumbnail

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. Heading into 2023, it seems well within reason, given current trends, that a peak-to-trough decline in home prices of 10% is possible. .

article thumbnail

The Red-Hot Housing Market

Housing Wire

This article is part of our 2022-23 Housing Market Forecast series. Consumers — and real estate professionals — who have been watching the pandemic-fueled housing market could be feeling distraught by the news about higher mortgage rates, slower sales activity and dampening price pressure. at the end of 2022.

article thumbnail

HW+ Member Spotlight: Shant Banosian

Housing Wire

Below, Banosian answers questions about the housing industry: HousingWire: To start off, what is your current favorite HW+ article? Specifically, I like to read the articles by Lead Analyst Logan Mohtashami. This routine sets me up for success each day before heading to the office, where my day is scheduled down to the minute.

Clients 342
article thumbnail

9 tips for high-converting real estate landing pages

Housing Wire

A good real estate website includes more than just drool-worthy images of homes priced to sell. Your real estate website should serve multiple functions, almost like a digital business card with an MLS listing storefront, a booking platform, a home valuation page, and even your background story and biography.

article thumbnail

Can the mortgage workforce demands of 2020 stand the test of time?

Housing Wire

Three mortgage executives were virtually gathered to talk about the routine topic at the Mortgage Bankers Association’s Spring conference in April. It’s hard to go to your loan officers and tell them they’ve got to reduce their commissions,” Eric Gates, president of Apex Home Loans , said at the time. Become a member today.

Mortgage 344