Housing Wire
MAY 15, 2024
This is an excerpt of a HousingWire Research report titled: What Everyone Needs to Know about Mortgage Rate Lock-in, by Altos President Mike Simonsen. housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. million in January 2021 (when mortgage rates were 2.7%) fell to 3.9
Housing Wire
FEBRUARY 20, 2024
Mortgage rates are back over 7%. The economy has continued to be strong, so mortgage rates have defied expectations and remained very high. New listings rise New listings continue to show us that more sellers are interested in this market this year. That’s because mortgage rates have jumped over 7% again.
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Housing Wire
APRIL 22, 2024
Check out these nine downloadable real estate prospecting letter templates to help you make an impression in your neighborhood or zip code. The goal of this type of letter is to promote a new listing in the neighborhood, to position yourself as the expert by providing information about the listing, and to find more business.
Housing Wire
FEBRUARY 5, 2024
Mortgage rates are back up over 7% this morning on the back of strong economic growth data. The 10-year bond yield jumped back over 4% and that pushes mortgage rates higher too. Mortgage rates are 40 basis points higher than a month ago, and 100 basis points higher than a year ago. And mortgage rates are 100 basis points higher.
Housing Wire
DECEMBER 4, 2023
New listings and home sales remain low this week while available inventory of unsold homes is finally falling across the country after rising with mortgage rates late into November. We want new listings volume to show growth. It’s looking like we’ll end 2023 with higher housing inventory than this time last year.
Housing Wire
MARCH 11, 2024
Last fall when people were still expecting mortgage rates to be falling this year, it was common to assume rates would be in the low 6s or 5s this year and people asked me if lower rates would bring a flood of inventory. The only way inventory would grow in 2024 is if mortgage rates climbed. But the evidence is the opposite.
Housing Wire
JANUARY 22, 2024
Those metrics, specifically the pace of new listings and new sales contracts, slowed this week. Our immediate sales metric of homes that get offers within a couple days of listing also slowed. New listings and new contracts both still show a bit of improvement over 2023, but the growth rates have slid back down.
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