Remove articles are-we-back-to-a-normal-housing-market
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Housing inventory defied all predictions in 2023

Housing Wire

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housing market and which factors to follow.

Mortgages 507
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Are we back to a normal housing market?

Housing Wire

In the last few months in my articles for HousingWire, I have written that monthly supply has been rising and that this increasing supply was the most critical metric for the housing market, specifically the new home sales market. months , which puts inventory right back into the range we had in the previous expansion.

Marketing 515
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Housing Market Tracker: Still no spring inventory lift

Housing Wire

Last week was relatively calm for the housing market after the fiasco of the banking crisis. Housing demand grew and inventory levels fell again while mortgage rates rose. This is important because we previously saw more aggressive moves higher with the 10-year yield, which pushed mortgage rates much higher very quickly.

Marketing 484
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The savagely unhealthy housing market is now a nightmare

Housing Wire

The housing nightmare continues. Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened. million , down 3.4% from the previous month and 8.6%

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Why home prices haven’t crashed even with high mortgage rates

Housing Wire

The most underreported housing story I’ve seen this year is that even with mortgage rates rising to 8%, the number of homes that took price cuts before they sold was 4% below 2022 levels. Weekly housing inventory data We will start with the price cut data percentage because it deserves a detailed explanation.

Mortgages 529
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Wage growth downtrend kills 1970s inflation fear

Housing Wire

Given Friday’s job report , those who have been concerned with entrenched 1970s inflation — which would lead to double-digit mortgage rates — can put their disco shoes back in the closet. Let this sink in; while the labor market was booming in 2022 and 2023, the fear of a wage spiral never materialized. percent, the U.S.

Mortgages 502
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What do economic trends mean for housing in 2023?

Housing Wire

This article is part of our ongoing 2023 Housing Market Forecast series. After this series wraps, join us on May 30 for the next Housing Market Update Event. As broader economic events have taken center stage since last summer, the market has grown increasingly volatile. To register, go here.