Remove 2022 10 20 whats-ahead-for-home-prices
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Housing demand rises as inventory falls

Housing Wire

Housing demand is up and it’s time to track the spring housing data and see what the selling season will bring. We have had some positive purchase application data recently, and the pending home sales report came in as a beat last week. But, even with mortgage rates higher this year than last year, demand is rising.

Mortgages 520
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How will mortgage rates impact seasonal inventory in 2024?

Housing Wire

It’s not what I wanted to see in 2024, but I have to be realistic since we are already in February. Never forget most sellers are buyers of homes as well, especially if the economy isn’t in a job loss recession. However, when mortgage rates rise and demand gets hit, the price cut percentage data grows year over year.

Mortgages 517
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Mortgage rates, inventory and demand rise as price cuts fall

Housing Wire

Housing inventory, new listing data and mortgage rates are all rising, but the price cut data percentages are falling. Traditionally at this time of year purchase apps rise and the number of price cuts fall. I have been waiting for years for a standard inventory data line to start the year, and so far that’s what I’m seeing.

Mortgages 541
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New listings data unfazed by 8% mortgage rates

Housing Wire

20) : Inventory rose from 546,450 to 554,350 Same week last year (Oct. 21): Inventory rose from 567,452 to 571,944 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 so far is 554,350 For context, active listings for this week in 2015 were 1,171,430 Traditionally, one-third of all homes have price cuts all year long.

Mortgages 537
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Housing Market Tracker: Inventory shocks lower

Housing Wire

This is truly a savagely unhealthy housing market as we have too many people chasing too few homes. As we can see in the chart below, it’s been so slow that year-over-year inventory is now negative versus 2022. As we can see below, there is a big difference between 2023 data for this week versus 2022 data.

Marketing 485
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The housing market is still savagely unhealthy

Housing Wire

The National Association of Realtors reported that existing home sales for March came in as a miss of estimate at 5.77 However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. million and 6.16

Marketing 491
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Fix and flip market struggles as financing costs rise

Housing Wire

Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM. More investors keep looking to flip homes … but are making less and less in the process “ ATTOM CEO Rob Barber said.

Finance 370