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

Housing Wire

While weekly inventory is still falling, we have year-over-year growth in total active listing and new listings data. This calls into question a mortgage rate lockdown, as mortgage rates are also higher year over year. Demand is rising from a low bar, and total housing inventory levels are still historically low.

Mortgages 513
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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. This happened even with higher home prices and higher mortgage rates in 2023. Weekly inventory change (Dec.

Mortgages 530
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HW+ Member Spotlight: Stacy Esser

Housing Wire

Below, Esser answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why? His articles are always my favorite. His recent article, “Purchase apps are at 2009 level: where’s the inventory?” His recent article, “Purchase apps are at 2009 level: where’s the inventory?”

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Should I Lock in My Mortgage Rate Today?

Redfin

Mortgage interest rates are always changing – moving up and down each day, even each hour. These quick changes can impact the amount you pay when you refinance or close on your mortgage. However, locking in your mortgage rate does come with some risk. What does it mean to lock in my interest rate?

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The Ultimate Guide to Buying a House in Georgia

Redfin

Check out this article to learn more about the pros and cons of living in Georgia. Rising mortgage rates have played a significant role in deterring some buyers from entering the market. Georgia housing market insights The Georgia housing market has experienced some notable recent changes in demand and supply.

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The Ultimate Guide to Buying a House in Texas

Redfin

Check out this article to learn more about the pros and cons of living in Texas. However, due to the recent hike in mortgage rates, the market has experienced a slight decline, with median sale prices dropping by 2.5% And if you find your interest between two cities, fear not. to $341,300 and competition slowing down.

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

Housing Wire

From Census: New Home Sales Sales of new single-family houses in October 2022 were at a seasonally adjusted annual rate of 632,000, according to estimates released jointly today by the U.S. percent)* above the revised September rate of 588,000, but is 5.8 months at the current sales rate. percent (±20.8 percent (±19.6

Sales 458