Housing Wire

OCTOBER 31, 2022

The Federal Reserve will hold another meeting this week, where everyone assumes we will get another 75 bps rate hike. The question is: how many more rate hikes are left? And, once they’re done hiking rates, will the Fed need to keep rates high because the consumer balance sheet looks so good?

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Housing Wire

FEBRUARY 3, 2022

This article is part of our HousingWire 2022 forecast series. Thanks to a boom in the housing market and a historic refinance market, the past two years have been a favorable period for the mortgage market. In the process, a historic $9 trillion of mortgage loans were closed over two years. 2022 Forecast series.

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Housing Wire

JUNE 10, 2022

Buyer morale is at an all-time low for good reason. According to the Radian Home Price Index, provided by Radian subsidiary Red Bell Real Estate, home price appreciation set a record in 2021, rising 14.2% For the past two years, mortgage rates were at historic lows, giving buyers more purchasing power.

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Housing Wire

APRIL 17, 2023

But, in 2022, as prices in the metro rose to never-before-seen levels, things started to change. 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 And the data supports Martirena’s assertion.

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Calculated Risk Real Estate

DECEMBER 13, 2023

30-Year Mortgage Rates Have Declined, but Remain Above 7% The following graph from MortgageNewsDaily.com shows mortgage rates since January 1, 2010. 30-year mortgage rates were at 7.09% on December 12th, down from just over 8% on October 19th - the highest 30-year fixed rate in 23 years.

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Calculated Risk Real Estate

DECEMBER 29, 2023

10) Housing Inventory: Housing inventory decreased sharply during the pandemic to record lows in early 2022. Since then, inventory has increased, but is still well below pre-pandemic levels. Six years ago, in January 2018, I was quoted in a Bloomberg article that included a bearish outlook for housing.

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Toronto Realty Blog

JANUARY 11, 2024

Let me throw some skin in the game here: my mortgage comes due in November of 2024. It’s been at the back of my mind since the spring of 2022 when interest rates started increasing, but it’s not something that I think about every day. I’m on a 2.59% fixed-rate mortgage. What do I mean by that?

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Realty Biz

JUNE 23, 2022

At first glance, it might seem intuitive that rising interest rates will have a negative effect on the housing market. Interest rates rising today and for the next several months is probably good for the housing market. Obviously, we are watching that quite carefully [prices and mortgage rates].

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Toronto Realty Blog

MARCH 24, 2023

Canada’s record population growth. The CBC picked up the story: “Canada’s Population Grew By Record 1 Million In 2022, Spurred By International Migration” But of course CBC would pick up the story. per cent in 2022, an increase of more than one million people, the biggest increase on record.

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Construction Mortgages As-is Marketing 77

Marco Santarelli

MARCH 22, 2023

In this article, we will explore the history of Federal Reserve interest rates , including some of the major changes and their effects on the economy. One of the key tools that the Federal Reserve uses to fulfill this mandate is the manipulation of interest rates.

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Realty Biz

MAY 13, 2022

The combination of rising home prices and rising mortgage rates is putting a damper on buyer demand. On March 16, the Fed raised the interest rate for the first time since 2018. By mid-April, 30-year mortgage rates had risen above 5% for the first time since 2011 (more than a decade).

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Realty Biz

FEBRUARY 23, 2022

And now, higher interest rates are about to kick in. What to Expect for Higher Interest Rates. One of the strong reasons was to lock in interest rates ahead of the Mid-March rate increase by the Federal Reserve that is now considered a foregone conclusion. The Fed does more than just set the fed funds rate.

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The Residential Specialist

OCTOBER 19, 2021

And all this is likely to remain much the same in 2022, “although at a less torrid pace,” Cororaton says. “I I expect that 2022 will still remain a seller’s market just because the inventory is still so low while mortgage rates are not likely to rise swiftly,” she adds. Prices will rise at a slightly slower rate.

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Realty Biz

NOVEMBER 27, 2020

In the year of the coronavirus, the demand for homes remains at a record high and the amount of inventory at a record low. The same applies if you are just now getting started with the process by working with a mortgage broker or lender. Interest rates can’t go much lower. Patience can be key for buyers.

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Marco Santarelli

MAY 15, 2023

Additionally, with a significant number of commercial mortgages due for refinancing in the coming years, the situation is becoming increasingly precarious. In this article, we will explore the various factors contributing to the potential crisis and examine whether a commercial real estate market crash is likely in 2023.

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Toronto Realty Blog

NOVEMBER 20, 2023

Over the last year, I have noticed an increasing number of newspaper articles, opinion pieces, or quotes on social media that seem to “blame” the private sector for the housing crisis. The article above appeared on www.storeys.com, and for the life of me, I can’t say with certainty which tone Mr. Hume is taking.

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Toronto Realty Blog

JUNE 21, 2021

Home ownership rates have increased. Case in point: home ownership rates in Canada are increasing. I’ll admit, I certainly wasn’t aware of this, and had I been asked to guess or weigh in on the subject, I’d have assumed that home ownership rates are decreasing. Perhaps it’s low interest rates.

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Toronto Realty Blog

SEPTEMBER 6, 2022

I do know, however, which topics of conversation will be at the forefront, and many of these will have a direct effect on what transpires with respect to home prices, sales volume, inventory levels, and affordability this fall. Of course, interest rates are tied to inflation, so they’re not mutually exclusive. Why, exactly?

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The Residential Specialist

NOVEMBER 10, 2020

Home prices are up at unprecedented levels, and the age-old economic law of supply and demand is only one of the main reasons why,” says Richard Borelli, CRS, with Howard Hanna Real Estate Services in Lakewood, Ohio. These historically low rates are helping buyers and sellers. Impact of Lower Mortgage Rates on Home Search.

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Housing Wire

APRIL 10, 2024

Perhaps the most striking detail gleaned from a HousingWire analysis of millions of single-family purchase mortgages is how much more homebuyers had to pay in 2023 compared to 2022. Residential mortgage originators are responsible for filing data with the CFPB under the Home Mortgage Disclosure Act.

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Realty Biz

NOVEMBER 2, 2020

Further fueling the market is the expectation that interest rates will remain extremely low. National rental evictions remain banned through December with multiple local bans going well into next year. National rental evictions remain banned through December with multiple local bans going well into next year.

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Housing Wire

DECEMBER 20, 2021

Even in the extreme conditions of COVID-19, my general premise on housing economics predicted that the two variables with the most influence — demographics and mortgage rates — would hold up the housing market. The 10-year yield and mortgage rates. That range dictated that mortgage rates would roughly stay between 3.5%-4.75%.

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Toronto Realty Blog

JANUARY 17, 2022

If I can pat myself on the back for two predictions that I made (repeatedly…) last December, it’s that the market would be chaotic in January, and that the government would look to “tackle” some perceived problem in the mortgage and/or housing markets as an attempt to show they’re acting on housing. Fair enough?

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Housing Wire

JANUARY 10, 2022

This article is part of our HousingWire 2022 forecast series. 2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years.

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Marco Santarelli

MARCH 30, 2023

With interest rates on the rise, it's important to understand how this shift can impact your investments and financial planning. Whether you're a seasoned investor or just starting, learning how to navigate the changing interest rate environment can help you achieve your financial goals. Where to Invest When Interest Rates Rise?

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Housing Wire

MAY 2, 2022

This article is part of our housing market update series. As a result, markets were quick to respond, driving mortgage spreads and rates much higher than most experts expected by this time of year. At over 5%, mortgage rates are now the highest they have been since 2010. The impact on housing markets.

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Housing Wire

SEPTEMBER 23, 2020

Let me be contrarian: Get ready, because mortgage rates are going to rise in 2021. The Mortgage Bankers Association in its most recent forecast sees two things that stand out. First, 2020 will prove itself to be the second biggest mortgage year in history. Now before you respond, just read the rest as to why.

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Housing Wire

NOVEMBER 16, 2020

With COVID infection rates exploding and hospitalization rates rising as we go into the cold winter months, the risk this poses to our recovering housing market is a question that should be addressed. In a previous article, I identified infection rates during the winter months as one of the economy’s high-risk variables.

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Housing Wire

JANUARY 13, 2022

This article is part of our Housing 2022 forecast series. enters the third year of the pandemic, the 2022 housing market remains on stable ground. Existing-home sales for 2021 are expected to show the highest levels in 15 years. While interest rates are projected to rise in 2022 to 3.5% As the U.S. Demographics.

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Toronto Realty Blog

DECEMBER 14, 2020

Here’s somebody suggesting that taxes need to be raised, without even understanding taxation, tax rates, or who is taxed what amount. Not now, not after all these years, not after people have lived their entire lives planning on the exemption remaining. What started as one post many years ago spawned into two. ” LOL.

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Point2Homes

NOVEMBER 22, 2020

The average savings rate in the last decade was 8%. Considering savings rates, median incomes and median home prices, the time needed to save for a 20% down payment in the 100 largest U.S. Aside from limited savings, many Millennials are confronted with another issue, one that the pandemic has greatly exacerbated: low savings rates.

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Keeping Current Matters

AUGUST 18, 2021

An article from the Wall Street Journal shows this is true for new home construction: “ Home builders have sold more homes than they can build. The article quotes David Auld, CEO of D.R. Though home prices have risen dramatically over the last 18 months, mortgage rates remain near historic lows. Horton Inc.

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HomeLight

JULY 28, 2022

Selling with this company means taking advantage of a dual benefit: selling with local experts who are also accredited by the Better Business Bureau, which has given this company an A+ rating. The company currently holds a 5-star Google review rating. HomeLight is BBB accredited with a customer review rating of 4.57

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HomeLight

MARCH 30, 2023

Everything from stubborn inflation and increasing mortgage rates to potential home price declines could cause potential buyers to rethink a new home investment. Competition has fallen from highs Home sales were on a tear throughout the pandemic, hitting the highest levels since 2006.

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Toronto Realty Blog

JULY 18, 2022

Well, it appeared that within this 15-20 minute window, the Bank of Canada announced that they would raise the benchmark lending rate by 100 basis points, or a full 1.00%. One from a client: David, we just heard about the interest rate hike! When I finished my call, I looked at my phone. What was going on? A hundred points!

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Broke Agent Media

JUNE 2, 2023

The Federal Housing Finance Agency (FHFA) just released its House Price Index (HPI®) for Q1 and March of 2023, showing clearly enough that home prices are trending up, largely due to near record-low inventory and stabilizing buyer demand. This is the reason behind HW’s weekly Housing Market Tracker article. Source: FHFA U.S.

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Marco Santarelli

SEPTEMBER 8, 2023

Highs and Lows The highest number of existing home sales in the U.S. was recorded at 7,250 thousand transactions in September 2005. million transactions were recorded in 2021. to a seasonally adjusted annual rate of 4.07 million recorded in 2021. thousand transactions annually. Recent Trends In 2022, the U.S.

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