Remove Housing Market Remove Investors Remove Marketing Remove Sellers
article thumbnail

The housing market is now savagely unhealthy

Housing Wire

To get the housing market to be sane and normal again, we need inventory to get back in a range between 1.52 – 1.93 million ; this is still historically low, but this gives the housing market a breather from the madness that we see today. However, a seller is also a natural homebuyer, unless they’re an investor.

article thumbnail

Low inventory a challenge to housing market as rates decline 

Housing Wire

But while rates have dropped, the housing market has continued to be challenged by low inventory levels. “Spring sellers should start getting their home ready for sale, keeping in mind that it took longer than expected to prep.” The survey shows the same rate was 4.67% a year ago. ” Surging rates ahead?

Inventory 514
Insiders

Sign Up for our Newsletter

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

article thumbnail

How home-price growth has damaged the housing market

Housing Wire

This data line lags the current housing market as it’s a few months old. Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005. million total housing inventory data as that is the level of inventory that would change my thesis that this is a savagely unhealthy market.

article thumbnail

The savagely unhealthy housing market is now a nightmare

Housing Wire

Rates have risen at the fastest pace ever, which makes houses more expensive, so in theory, some homebuyers can’t move. Home sellers with high equity aren’t as sensitive to higher rates because they bring a more significant down payment. million, which I would find to be the best thing ever for housing, is not happening this year.

article thumbnail

How to price homes properly in a volatile housing market

Housing Wire

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If

article thumbnail

Opinion: Here’s the latest data on what Realtors are witnessing in the housing market

Housing Wire

The real estate market has shifted, and we are in a new housing paradigm. However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years. However, in many areas of the country it does remain a seller’s market.

Realtors 384
article thumbnail

Secondary mortgage market adjusts to higher-for-longer rates 

Housing Wire

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. Treasury market — jumping to as high as 121 in mid-April after ending March near 85.

Marketing 375