Remove Housing Market Remove Inventory Remove Marketing Remove Supply Chain
article thumbnail

The housing market slowdown has only just begun: Fannie Mae

Housing Wire

Economists at Fannie Mae say the Federal Reserve ‘s fiscal policy is having its desired effect on the housing market – home price growth began to slow in the summer, and the GSE says the housing slowdown will continue through 2023. The mortgage market is projected to slip further to $2.17 month supply, up from 1.6

article thumbnail

Mortgage market affordability and inventory challenges

Housing Wire

We are in a unique moment in the history of housing. We interviewed more than 25 mortgage industry experts to gather the best insights, strategies, and recommendations to pivot and win in today’s market. 2022 State of the Mortgage Industry: Affordability and Inventory. Inventory rising, historically low.

Inventory 397
Insiders

Sign Up for our Newsletter

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

article thumbnail

Inflation slows to 7.1% in November, a boost for the housing market

Housing Wire

It is very good news for the housing market, which has suffered greatly from the affects of rate hikes over the last nine months. from a year ago, suggesting that supply-chain issues may be easing. Housing market observers are watching closely. The Consumer Price Index rose 0.1% year-over-year.

article thumbnail

What a dismal jobs report means for the housing market

Housing Wire

HousingWire spoke to housing market economists and mortgage industry veterans to get their take on how they believe the jobs report will impact the mortgage and housing industries. Regardless, a gain is a gain, and the Bureau of Labor Statistics reported nearly eight million jobs are open for those seeking to reenter the market.

article thumbnail

Logan Mohtashami on why this is a savagely unhealthy housing market

Housing Wire

The one thing that has happened in 2022 that has been worse is that national inventory levels have worsened in 2022 to start the year. Due to this reality, I have downgraded the housing market from unhealthy housing to a savagely unhealthy housing market. Inventory has been falling for years.

article thumbnail

DataDigest: What happens when insurance carriers abandon America’s biggest housing markets

Housing Wire

“We immediately reach out to an insurance agent to see the insurability of the house because it is becoming more and more of a problem,” Armstrong, a Compass agent in San Diego, told HousingWire’s Brooklee Han in a feature we published Tuesday. That comes with its own risks – in many cases, wildfires. The result?

Insurance 370
article thumbnail

DataDigest: Construction costs easing for homebuilders

Housing Wire

New home construction exploded early in the pandemic as soaring home demand squeezed existing inventory nationwide, giving homebuilders a much bigger share of a shrinking pie. High mortgage rates and home prices quelled the surge in buyer demand, and time seems to have moderated the supply chain shocks.