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Mortgage rates are the highest they’ve been this year. Did loan officers expect this?

Housing Wire

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. A little more than two months into the year, however, mortgage rates are the highest they’ve been as the U.S.

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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

Meanwhile, trade groups representing lenders believe that more details on the settlement are needed to understand its coming impact on the housing market. He shows up for open houses and teaches courses at real estate brokerage firms, which allowed him to build relationships with agents throughout his career.

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Price Adjustments in this New Housing Market

Lamacchia Realty

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. That’s because fewer homes are being placed under contract. How do you know your house is overpriced? See chart below.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. Properties are still going under contract. Worried about missing out on a boom?

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The housing market faced uncertainty in March, but now ‘it’s a circus’

Housing Wire

The housing market faced a lot of uncertainty when COVID-19 caused the real estate industry to pause under shut-downs, but low interest rates and the desire for more space has turned this year into a boom time for real estate agents. Lovern was actually on maternity leave at that time when open houses and contracts were paused. “In

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DataDigest: The pandemic housing frenzy never went away in these markets

Housing Wire

For prospective home buyers and sellers, that could mean a gradual decline in mortgage rates , which would unlock inventory and—dare I say—sales activity. But there are still ultra-competitive markets in America where those conditions will simply be offset by rising prices. I mean very little inventory.

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Are You A “Want-To-Be” Seller in 2022?

Lamacchia Realty

There are questions about housing market health and what the market is actually doing. A lot of people are wondering about how the current situation impacts otherwise normal questions about inventory and when the right time would be to list. Protect Yourself as a Buyer. If you do this, you must protect yourself.

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