Remove 2022 10 25 what-happens-to-housing-when-theres-a-recession
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New listings data unfazed by 8% mortgage rates

Housing Wire

The haunted house ride with the bond market and mortgage rates continued this week, but one housing data line hasn’t been spooked. Unlike last year, when new listings data had a noticeable move lower once mortgage rates reached 6%, 8% mortgage rates haven’t had any noticeable impact on the latest new listings data.

Mortgages 526
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Housing Market Tracker: Mortgage rates and inventory fall together

Housing Wire

The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. In a regular market, they would be closer to 5.25%.

Mortgages 443
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What Omicron, bond market and jobs mean for housing

Housing Wire

However, be mindful of positive revisions and remember that we have over 10 million job openings and jobless claims recently had a print that we haven’t seen since 1969. However, be mindful of positive revisions and remember that we have over 10 million job openings and jobless claims recently had a print that we haven’t seen since 1969.

Marketing 442
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A good jobs report, but also another recession red flag

Housing Wire

We also had 95,000 positive revisions, and although this was a slight miss of estimates, it continues the solid trend of good job reports in 2022. On another note, I raised my third recession red flag, since the inverted yield curve happened this week. If you break it down to women over 20, the unemployment rate is 3.3%.

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Housing Market Tracker: Housing inventory falls once more

Housing Wire

Here’s the housing market rundown for the last week: Purchase application data showed positive weekly growth again — and the bounce from the bottom is more noticeable now. Housing inventory decreased by 6,468 units, a more pronounced decline from the previous week. We have had back-to-back weekly growth of 25% and 3%.

Marketing 491
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How is housing demand holding up? Logan Mohtashami answers

Housing Wire

In this HW+ Slack Q&A, HousingWire Lead Analyst Logan Mohtashami gives a small preview of the upcoming Housing Update webinar and what he will be focusing on during the discussion. If you have not registered for the Housing Update webinar that’s set for May 10th, please go here. . After May, total volumes fall.

Sales 340
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Why mortgage rates fell with a stronger jobs report

Housing Wire

What a week this has been for the housing market , from the fireworks of Fed Chair Jay Powell’s Congressional testimony to an attempt to break over a critical line on the 10-year yield. It’s going to take something big to break above this level and get to my 10-year yield peak call forecast at 4.25%. percent, the U.S.

Mortgages 377