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Why higher rates aren’t crashing home prices

Housing Wire

Home prices aren’t crashing, despite what the housing bubble boys are saying. In fact, home prices have firmed up higher recently. Well, it’s June 9, 2023, and home prices have been firm month to month, not showing anything that resembles the housing bubble crash years. Then on Aug.

Mortgages 545
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Why fewer homes are taking a price cut, even while inventory rises

Housing Wire

So far in 2024, fewer homes are taking price cuts than in 2023, and this trend is on the verge of breaking below the 2023 lows in price cuts percentages. What is all this data pointing to? We might have an average year in housing compared to the past four years!

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The savagely unhealthy housing market is now a nightmare

Housing Wire

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 But, the savagely unhealthy data line was that home prices are up 14.8%. Now that mortgage rates have risen, demand is getting hit, while we are still showing 14.8% home-price growth data.

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Why purchase application data is below 2008 levels

Housing Wire

In the previous expansion, one of my long-term calls was that the MBA purchase application data will never hit the volume level of 300 until the years 2020-2024. Right on cue, 2020 came and we hit the 300 level. The years 2020-2024 were going to be the time when total home sales could finally reach 6.2

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How the housing market will evolve in 2023

Housing Wire

This article is part of our 2022 – 2023 Housing Market Update series. After two years of runaway home prices, the Federal Reserve stepped in to reverse engineer rampant inflation, and it has been utilizing the housing market as one of the main economic engines to achieve its objective. It did not hit 6.7%

Marketing 414
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Housing 2020 recap: Demographics popped the housing bubble boys

Housing Wire

What a crazy year we have all been through. On the economic front, COVID-19 was the mother of all exogenous shocks. On the economic front, COVID-19 was the mother of all exogenous shocks. 9, in another article for my blog , I made the case that the economic conditions for the AB model had been met. ” Tuesday, Dec.

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The doxing saga of Michael Arrington’s Miami mansion?

Housing Wire

Arrington tweeted that Adams’s reason for leaking the information about the home sale was “increased marketing exposure.” Nourmand said that this is a commonly cited reason for going to the press about a celebrity home sale or purchase. The home officially sold on May 14, 2021, for $16 million.