article thumbnail

Mortgage market affordability and inventory challenges

Housing Wire

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. Inventory rising, historically low.

Inventory 392
article thumbnail

Fannie Mae cuts origination forecast for 2022

Housing Wire

Limited inventory, supply chain disruptions and concerns about inflation have led economists at Fannie Mae to lower their mortgage origination forecasts for the remainder of this year and into 2022. The reason for the slowdown stems from a problem that continues to persist: a lack of inventory. trillion from the $4.36

Insiders

Sign Up for our Newsletter

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

article thumbnail

The Forecast for the Atlanta Real Estate Market in 2024

Hank Miller Team

How can variables like local and national economic conditions, consumer debt, consumer confidence, the Fed, global supply chains, wars and conflict and a hundred other wild cards be corralled? Spring typically sees listings jump, we will see it again this year. This assumes that no new listings are added to the market.

article thumbnail

The nation’s housing market is on a correction course

Housing Wire

Housing demand weakened noticeably as growing concerns about affordability contributed to non-seasonal declines in sales, resulting in a slight increase in inventory and more moderate price appreciation,” states the Federal Reserve’s most recently released Beige Book report — based on data and reports current as of mid-July.

article thumbnail

Pending home sales drop, but there’s a silver lining

Housing Wire

And inventory shortages are the culprit. But many would-be buyers have also been thwarted by comically low resale inventory, as well as supply chain constraints and escalating materials costs that have made life difficult for homebuilders. For the fifth consecutive month , U.S. January was illustrative.

article thumbnail

Insane lumber prices mean new homes cost $24K more

Housing Wire

Policymakers must address building material supply chain issues to help the economy sustain solid growth in 2021.”. A Homesnap report said total new listings increased only.22% – thus, increasing inventory and driving overall prices down. 22% in December, while total sales increased 19.29%.

article thumbnail

Raleigh Real Estate Trends + Forecast for 2022

Raleigh Realty

These trends in time spent on the market and housing inventory show that homes in Raleigh will continue to be in high demand throughout the year. As supply chain issues cause construction material prices to soar, buyers are more likely to consider purchasing a resale home vs. a new construction home. is renter-occupied.