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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.

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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.

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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

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D.R. Horton sees ‘outstanding’ profits despite increased costs, build time

Housing Wire

Horton , the nation’s largest homebuilder by gross revenue and total closings, this week released its second quarter earnings for the fiscal year, which executives deemed “outstanding,” despite ongoing supply chain challenges , “a very tight labor market ,” and the massive uptick in mortgage rates. per diluted share.” billion to $36.1

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Mortgage rates reach highest level since 2018

Housing Wire

Mortgage rates keep climbing amid rising inflation , war in Ukraine, and disruptions to the supply chain, and there’s no sign that they’ll fall anytime soon. The problem, of course, is inventory. National inventory of active listings declined by 18.9% The inventory of active listings was down 62.3%

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The big short in housing supply isn’t going away

Housing Wire

Any market characterized by rising demand against insufficient supply is Econ 101 for price growth. Many of these supply-side challenges facing builders existed prior to the pandemic but have worsened considerably over the course of the pandemic. You can’t buy what’s not for sale. It’s not all bad news, however.

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New Homebuyers Finding the ‘Well Has Run Dry’

Appraisal Buzz

Supply chain issues for builders has contributed to a severe lack of inventory, which restricted home sales in September. The post New Homebuyers Finding the ‘Well Has Run Dry’ appeared first on DSNews. The post New Homebuyers Finding the ‘Well Has Run Dry’ appeared first on Appraisal Buzz.