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Despite lack of supply, existing home sales rise 6.7%

Housing Wire

annually to $350,000, according to the Friday report from the National Association of Realtors. The supply of homes for sale fell to a record low, down 16.5% months of supply; a healthy market generally has between four and six months of supply. from December and mortgage rates shot up 30 basis points.

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Here are 4 macro trends impacting the 2022 housing market

Housing Wire

Thanks to a boom in the housing market and a historic refinance market, the past two years have been a favorable period for the mortgage market. In the process, a historic $9 trillion of mortgage loans were closed over two years. What are the implications for the mortgage market? 2022 Forecast series.

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What to Expect from the Real Estate Market This Winter

Eppraisal

Again, good news for sellers; a headache for seekers. Home Buyer Profiles The number of first-time home buyers is growing substantially , according to the National Association of Realtors. " Housing Inventory Is Fannie Mae correct about the supply of sell-able homes in late 2021 and 2022? percent or so.

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What has Been the Impact of COVID-19 on the Real Estate Market?

Boston Appraisal

COVID-19 Impact on the Mortgage Market One of the positive results of this global pandemic is the affect it has had on the U.S. mortgage market. This dropped 30-year mortgage rates to the floor – and we are happy to say that it stayed there. There are some lenders quoting rates as low as 2.75% for top-tier borrowers.

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What has Been the Impact of COVID-19 on the Real Estate Market?

Boston Appraisal

COVID-19 Impact on the Mortgage Market. mortgage market. This dropped 30-year mortgage rates to the floor – and we are happy to say that it stayed there. This dropped 30-year mortgage rates to the floor – and we are happy to say that it stayed there. COVID-19 Impact on Buyers and Sellers.

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How Will the Fall Market in 2021 Be Different?

Eppraisal

According to an article written by Jared Bernstein, Jeffery Zhang, Ryan Cummings and Matthew Maury on whitehouse.gov, "The Covid-19 pandemic shifted families' preferences for location and type of housing, exacerbating existing supply chain constraints that, for several reasons, have persisted for many years.

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Dearth of new construction strains migration hotspot of Alabama

Housing Wire

We are very bullish on Alabama and its long-term prospects,” Jeremy Walker, CEO of the Alabama Realtors Association , said. “We Walker said the prospect of lower mortgage rates is prompting many agents to feel more positive about the 2024 housing market. Local builders are truly getting crushed by local governments,” Walker said.