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Lower mortgage rates are stabilizing the housing market

Housing Wire

Now, with five weeks of data in front of us, we can say they have stabilized the market. As you can see from the chart above, the last several years have not had the FOMO (fear of missing out) housing credit boom we saw from 2002-2005. Only from 2006-2011 did we see this break due to forced sellers who couldn’t buy homes.

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The 2021 housing market recap by Logan Mohtashami

Housing Wire

A bullish housing market. economic recovery was a false story and that we were about to embark on a second housing bubble crash due to forbearance. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. What a year 2021 has been.

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The role of borrower data in today’s housing market

Housing Wire

Dan Catinella : Lenders should lean into the power of their tech stack as they try to cut costs in the current market situation. The best tools will allow lenders to be innovative in how they target prospects and engage with current customers. ???. HW: What role does Customer Intelligence play in today’s challenging housing market?

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Housing inventory falls under 1M again as sales collapse

Housing Wire

On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. And existing home sales crashed in 2022 from a peak of around 6.5 housing market , we just experienced an event that most people never thought could happen.

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Reverse purchase financing: The financing option no one is talking about

Housing Wire

This cohort accounted for 1,950,000 properties — equating to 39% of total homes purchased! 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. Yet staggeringly few are aware of its existence.

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

Housing Wire

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

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Here are the top 15 cities where Gen Z wants to buy a home

Housing Wire

Gen Zers are finally starting to break into the housing market. The GSE’s Generation Z Study shows that of Gen Zers — the cohort ranging in age from 8 to 23 — a whopping 89% plan to buy a home by age 30. . of all mortgage shoppers in this midwestern city are in Generation Z, and home prices clock in at just over $165,000.