Housing Wire

FEBRUARY 4, 2024

How will mortgage rates impact seasonal inventory in 2024? Also, when mortgage rates rise, the inventory peak happens later in the year. Since eight of the last nine weeks (excluding the holiday period) have had positive purchase application data, I might need to wait a few more weeks before we see the seasonal bottom.

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Housing Wire

SEPTEMBER 29, 2023

homes for sale posted a price cut during the four weeks ending September 24, up from 5.8% The five metro areas with the highest percentage of listings with price cuts for the week ending Sept. And because mortgage rates have been above 7% for about two months consecutively, the cost of financing is extreme.

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Housing Wire

APRIL 17, 2023

In early 2023, however, as inventory in Austin has become more and more constrained, buyers have become accustomed to the higher mortgage rates and demand has ticked up. “It The 90-day average median list price as of mid-February comes in at $699,187, down a little over $100,000 from the record high set in mid-March 2021.

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The Close

AUGUST 22, 2023

But when you look at these July 2023 housing market numbers in a broader context of year-over-year data, you can see the true impact of high interest rates and low inventory. Depending on where you get your news, the market is either on the brink of crashing; crashing next week, next quarter, or at 2 p.m. Existing sales slipped 2.2%

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The Close

AUGUST 18, 2022

And since almost every other demographic is sick of online ads, prospecting letters tend to have an excellent response rate. For this article, we pulled together 19 of the best real estate prospecting letters to help you connect with buyers, FSBOs, newly divorced homeowners, expired listings, and more. Related Article.

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Toronto Realty Blog

AUGUST 10, 2023

” Is it a “ticking time bomb?” Last week, Prime Minister Justin Trudeau made a comment that he probably didn’t think was going to cause shockwaves, and yet it did. Last week, Prime Minister Justin Trudeau made a comment that he probably didn’t think was going to cause shockwaves, and yet it did.

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Realty Biz

AUGUST 30, 2021

That relief could include a combination of how Fannie Mae calculates credit scores, a few more houses coming on the market, and even a slight uptick in mortgage rates. Fannie Mae Upgrades Mortgage Credit Evaluation Process. More houses coming on the market in the coming weeks can’t be certain but there are some early indicators.

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