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Why purchase application data is below 2008 levels

Housing Wire

Purchase application data is now below 2008 levels! But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care. Right on cue, 2020 came and we hit the 300 level. However, the housing market did run into one problem in 2020.

Mortgages 488
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Is the Dallas Fed right to label this a housing bubble?

Housing Wire

Are we headed to a housing bubble? The Dallas Fed on Thursday published an article titled: Real-Time Market Monitoring Finds Signs Of a Brewing U.S. Housing Bubble. The online reaction was immediate — housing must be about to crash. For the housing bubble 2.0 I disagree with this conclusion. Let me explain.

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Logan Mohtashami on why this is a savagely unhealthy housing market

Housing Wire

HousingWire: To begin, how has your 2022 forecast changed so far? The one thing that has happened in 2022 that has been worse is that national inventory levels have worsened in 2022 to start the year. Due to this reality, I have downgraded the housing market from unhealthy housing to a savagely unhealthy housing market.

Marketing 370
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What the Fed rate hike means for the economy

Housing Wire

But looking forward, the Federal Reserve has now started to pull back from their accommodative stance because they believe the economy is too strong and the concern right now is to fight inflation with rate hikes. The Federal Reserve’s job is to cool down this hot economy, so the economy now has pressures on two fronts.

Mortgages 442
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HW+ Member Spotlight: Eric Lapin

Housing Wire

Below, Lapin answers questions about the housing industry: HousingWire : What is your current favorite HW+ article and why? There was a row of clubs and restaurants right in the middle of campus, including O’Sullivan’s Wharf on Colley Avenue where I waited tables during the day. That is how I feel about playing music.

Lending 393
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Price Reduction in Real Estate: A 5-step Guide for Agents

The Close

Sometimes, houses take longer to sell, and there are certain steps to take before reducing the price. The primary indicator is obvious: The house just sits on the market while everything around it is flying off the shelves. Buyers may question why the price dropped and think something is wrong with the home.

Agents 78
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Why an Economic Downturn Represents the Best Time to Invest in Real Estate

The Close

Right now might seem like a frightening time to jump into real estate investing. But for value-seeking investors like myself, the scariest time to invest is actually in a good economy, when housing prices are rising at a blistering pace. A Look at the Current Market in 2023 The market is anything other than typical right now.

Investor 116