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New listings data unfazed by 8% mortgage rates

Housing Wire

The haunted house ride with the bond market and mortgage rates continued this week, but one housing data line hasn’t been spooked. New listing data appears unafraid of the mortgage rate ghost story over the last few months. In the same vein, the bond market is now very oversold.

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Redfin: New Listings Continue to Increase, Bringing Some Buyers Back to Market

Appraisal Buzz

As of March 17, there were roughly 795,645 active listings. There were roughly 88,902 new listings added during that same four weeks – and increase of 15% and the biggest increase since June 2021. The surge in listings is bringing some buyers back to the market, the firm says. The total number of U.S.

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New listings take a hit, possibly due to higher mortgage rates

Housing Wire

Did the recent move in higher mortgage rates impact the new listings data more than normal? I hope this isn’t the case, but we had a noticeable move lower in new listings last week. Weekly active listings rose by only 6,618. The Fed spoke at Jackson Hole last Friday but that didn’t move mortgage rates much.

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New Listings Suggest Shift in Housing Market

Appraisal Buzz

Analyzing market data from July, an economist says “buyers who threw in the towel may want to look again, because the market is tilting in their favor.” ” The post New Listings Suggest Shift in Housing Market appeared first on theMReport.com.

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Sluggish net new listings signal that the lock-in effect is not over

Inman

In January, the real estate market saw a 17.5 percent decline in net new listings and a 2 percent decrease in contract signings, driven by mortgage rate fluctuations, according to HouseCanary.

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Buyers continue downward spiral, but new listings may be steadying

Inman

Homebuyers are backing away from the market as mortgage rates continue to climb. But new listings aren't declining as quickly, Redfin reports.

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Is the spring housing market ready for the Fed’s déjà vu?

Housing Wire

I can’t see the 10-year yield below 3.37% unless the labor market breaks — meaning jobless claims over 323,000 on the four-week moving average. That means I can’t see mortgage rates going below 6%, especially with the spreads being bad, until the labor market or the economy gets weaker. I know it’s not a lot, but growth is growth.