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Housing inventory fell last week, but it won’t derail the spring bump

Housing Wire

But, despite the weekly moves, the one bright spot for housing is that housing inventory is growing on a year-over-year basis. Also, spreads between the 10-year yield and the 30-year mortgage got better last week, which is a big plus for the future if this trend continues. 2022: 17.6%

Mortgages 451
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Why higher rates aren’t crashing home prices

Housing Wire

Those who know my work over the last 10 years know that I have Batman/Joker relationship with the housing crash people, because they never stop. In 2022 it was all about finding a point in time when I thought mortgage rates would fall, which was key to understanding how the purchase application data would react to lower mortgage rates.

Mortgages 545
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Housing Market Tracker: Inventory is negative YOY

Housing Wire

Mortgage rates rose last week after the better-than-anticipated jobless claims data but even with higher rates, we also had a third week of positive purchase application data. Since May 15, that trend has continued to the point that inventory in America is now negative year over year.

Marketing 454
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FHFA House Price Index: Q1 2023 Reveals Record Highs and Regional Trends

Broke Agent Media

However, year over year prices in many western states have started to decline for the first time in over ten years. drop and the Mountain division coming in second with a 0.1% This is the reason behind HW’s weekly Housing Market Tracker article. Source: FHFA U.S. North Carolina, 9.4% Vermont, 8.8% Arkansas, 8.8%

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Existing home sales are working from a historic low bar

Housing Wire

Today, we saw existing home sales slip a bit month to month, which isn’t surprising to me as purchase application data started its positive run in November. Since making some holiday adjustments, we have seen a seven-week positive trend in purchase apps since November. It happened in 2008 and then didn’t happen again until 2023.

Sales 439
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Looking Back on 2021

GeekEstate

[Editor’s Note: We publish a Weekly Transmission for GEM members , a series of long-form articles covering the spectrum from shipping container co-living spaces to the battle for listing acquisition in the first iBuyer world war. Mortgage rates will fall through at least Q1 2021. We almost turned the corner on Covid-19.

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Here’s why new home sales are up along with prices

Housing Wire

When you account for a population of over 330 million people, that sales number looks a lot lower than in 2000 and 1996 so be mindful that we are trending at low levels today. We can see why the builders are done building new single-family houses as they have a lot of work left to do ( Article Link).

Sales 453