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Housing Market Tracker: Mortgage rates and inventory fall together

Housing Wire

Like a magnet, the 10-year yield has tried to break below this crucial level many times over the last five months, only to shoot back up to close at a level that wouldn’t warrant a pass. In any case, mortgage rates were 6.75% on March 21 and 6.38% on March 24; the recent highs were 7.10%.

Mortgages 445
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Will the housing inventory crisis end this year?

Housing Wire

Logan Mohtashami: No, it will not, it’s gotten worse this year, and typically you can’t start a year at fresh new all-time lows and have that go away in the same calendar year. We don’t want to see the fall and winter fade to fresh new all-time lows in 2023. The goal for inventory is to get back to 1.52-1.93

Sales 402
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The 2021 housing market recap by Logan Mohtashami

Housing Wire

What a year 2021 has been. Retail sales have been off the charts, job openings are at 11 million, GDP growth picked up big time and jobless claims hit a level last seen in 1969. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020.

Marketing 530
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Housing Market Tracker: Still no spring inventory lift

Housing Wire

Active inventory fell by 3,141, and new listing data fell again and is still trending at all-time lows. Even though the Gandalf line in the sand (3.37%-3.42%) held firm and the 10-year yield reversed higher, it didn’t reverse with much of a kick this time, closing Friday below 3.50%. Mortgage rates rose to 6.57%.

Marketing 484
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Housing Market Tracker: Inventory is negative YOY

Housing Wire

Since May 15, that trend has continued to the point that inventory in America is now negative year over year. 9, 2022, and today you can see the final result of that dynamic shift as inventory is now negative versus the 2022 data — all before July 4th. However, I need to put some context into what happened in 2022.

Marketing 454
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Are existing home sales showing a housing bubble?

Housing Wire

Today, existing home sales blew out estimates , coming in at 5,860,000. With new home sales, pending home sales, housing starts, housing permits, and purchase applications already in v-shape recovery mode, this last metric completes the v-shaped recovery across the board for housing. Look, I get it.

Sales 544
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How to get a real estate license in Ohio (OH) in 5 steps

Housing Wire

Requirements to get a real estate license in Ohio Before you enroll in the required 120 hours of sales associate prelicensing education, you’ll need to know some of the requirements for obtaining an Ohio real estate license. can be intimidating, the right study tools can make all the difference on exam day. minutes per question!)

Brokerage 393