Housing Wire

JUNE 2, 2023

We’ve had some odd job reports over the years, but the key is to always follow the trend. That’s especially important with Friday’s data , which showed 339,000 jobs were created in May even while the unemployment rate increased. That’s why the jobs data has beaten expectations 14 months in a row.

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Housing Wire

MARCH 6, 2023

The housing market faced some serious obstacles last week as the 10-year yield broke over 4%, mortgage rates rose to over 7%, purchase apps fell again and we are still trying to find the elusive seasonal bottom for housing inventory. 9, 2022, until February and we can see how that is playing out in home sales. 1 song of the year.

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Housing Wire

JULY 8, 2022

What does it mean to get a positive job report with all the talk about a recession, which ramped up starting in January 2022? jobs and economic numbers as five of my six recession red flags are up today. The June data shows that we added another 372,000 jobs as we get closer to the employment numbers before COVID-19.

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Housing Wire

APRIL 30, 2023

This proves that the mass supply growth we saw from 2005-2007 was due to credit stress, not because the economy was in a recession; the U.S. Also, the volume of active listings was higher in 2022 this week, even though we were working from a lower level. didn’t go into recession until 2008. The total NAR inventory is still 980,000.

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Housing Wire

JUNE 3, 2022

Some Americans believed we entered a recession at the start of 2022; however, the jobs report for May came in at 390,000, dashing any hopes that this was the case and starting their weekend on a foul note. During a job recovery, the data line I love to track is the employment-to-population data for the prime-age workforce, ages 25-54.

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Housing Wire

MAY 5, 2023

Jobs Friday data came in as a beat of estimates, but the labor market is clearly starting to come back to earth, killing the fear of 1970s wage spiral inflation. The headline jobs data beat estimates, but we did have 149,000 negative revisions to the previous month’s data. million since 2022. percent, the U.S.

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Housing Wire

AUGUST 5, 2022

On the same day, the Bureau of Labor Statistics (BLS) revealed that we’ve recovered all the jobs lost to COVID-19 and I am raising my sixth recession red flag. 9, 2020, I knew one data line would lag the most: jobs! Feb 2020: 152,504,000 July 2022: 152,536,000. Below is a breakdown of the jobs created.

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Housing Wire

MARCH 4, 2022

Today, the Bureau of Labor Statistics reported that the United States Of America created 678,000 jobs in February. unemployment rate stands at 3.8%, and we are getting closer and closer to my September 2022 forecast of getting all the jobs back that we lost due to COVID-19. Today, job openings are now trending near 11 million.

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Housing Wire

JUNE 14, 2023

The Federal Reserve (Fed) maintained the federal funds rate in the 5% to 5.25% range on Wednesday, following 10 consecutive hikes that brought rates to a level never seen since 2007. Policymakers also want to evaluate the impact of their actions on the economy so far. economy that expect the GDP to change by 1% in 2023 compared to 0.4%

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Housing Wire

JUNE 15, 2022

The decision, designed to slow the pace of inflation, which reached 8.6% “Overall economic activity appears to have picked up after edging down in the first quarter,” The Federal Open Markets Committee said in a statement Wednesday afternoon. by the end of 2022 – the highest level since 2008, with rates peaking at 3.8%

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Housing Wire

MAY 2, 2024

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. They crested near 7.6% at the end of April, according to HousingWire ’s Mortgage Rates Center.

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Housing Wire

DECEMBER 22, 2023

Thus, while we think home sales will start to rise over the new year, the combination of modest increases in home prices and still-elevated interest rates suggest a slow pace of recovery from previously recessionary levels of housing activity.” said many of the same headwinds the market faced in 2023 remain as we roll into 2024.

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RIS Media

MAY 6, 2022

job growth held firm in April, but the latest report from the U.S. Bureau of Labor Statistics (BLS) , shows that labor market expansion has slowed slightly. Based on Friday’s BLS data, employers added 428,000 jobs in April—a slight dip from the 431,000 jobs in March. Nondurable goods added 24,000 jobs.

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Housing Wire

APRIL 3, 2023

The tumult in the banking industry set off by the failure of Silicon Valley Bank (SVB) on March 10, followed two days later by the collapse of Signature Bank , has sparked fear in the markets over a potential broader contagion infecting the entire financial industry — and ultimately the U.S. by the end of the year.”

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Housing Wire

JANUARY 7, 2022

Today, the Bureau of Labor Statistics reported that 199,000 jobs were created in December — a miss from estimates. They also reported we had 141,000 in positive revisions to the previous jobs report. and we had another big print from the household survey which showed 651,000 jobs gained. unemployment rate!

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Housing Wire

DECEMBER 20, 2021

Most of the time, the economy is like a slow-moving ocean liner that changes direction gradually and without much effort. But when a new, powerful variable presents itself, like the worldwide COVID-19 pandemic, the economy can change on a dime. With those two factors still very much in play, here is my 2022 forecast.

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Housing Wire

OCTOBER 27, 2022

economy grew at a rate of 2.6%, breaking the negative GDP streak we had in the past two quarters. Traditionally, when economic data gets better, the 10-year yield sells off and yields go up with mortgage rates. Similarly, when economic data gets weaker, the 10-year yield falls and so do mortgage rates. We have created 3.8

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Realtor.com

JANUARY 5, 2022

Realtor.com / Getty Images Omicron has indisputably put a damper on early 2022—and as COVID-19 infection rates continue to climb, many may wonder whether we’re headed toward another nationwide shutdown of schools, businesses, and other #lifegoals that may have just begun sputtering back to life. Will open houses even be allowed?

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Housing Wire

FEBRUARY 3, 2023

Job openings are over 11,000,000. As someone who professed early in the Covid-19 recovery that we would see 10,000,000 job openings — and the labor dynamics are much different now than what we saw in 2008 — it’s Van Gogh art week when I see all the data lines so positive this week. Jobless claims are under 200,000.

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Housing Wire

FEBRUARY 4, 2022

Today, the Bureau of Labor Statistics reported that 467,000 jobs were created in January. This was a big surprise as some people, including me, thought the rise in the number of sick days being reported could impact this month’s job report. Job openings are now near 11 million, as the U.S.,

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Housing Wire

APRIL 23, 2024

The Fed has recently indicated that it is not likely to reduce interest rates anytime soon due to economic indicators, and Mohtashami revived a 2022 prediction about what it will take to get the Fed to “break” on rates. “In In 2022, I brought up the premise that the Fed will not pivot until the labor market breaks,” he said. “So,

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HomeLight

SEPTEMBER 21, 2022

However, recent market cooling, thanks to higher interest rates, has begun to lower median home sale prices in the state as of Summer 2022, according to the Texas Real Estate Research Center. Receive your offer within a week and close in as little as 10 days. No showings, no repairs, no open houses. Request Offer.

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Realtor.com

JULY 2, 2021

This year is very different, with widespread vaccine availability and the majority of colleges planning to reopen for in-person classes in the fall. Getty Images The abrupt nationwide shift to remote learning last year in response to the Covid-19 pandemic shook the off-campus student housing sector in surprising ways.

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Realtor.com

JULY 2, 2021

This year is very different, with widespread vaccine availability and the majority of colleges planning to reopen for in-person classes in the fall. Getty Images The abrupt nationwide shift to remote learning last year in response to the Covid-19 pandemic shook the off-campus student housing sector in surprising ways.

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Redfin

DECEMBER 29, 2022

The 2022 housing market was nothing short of remarkable. home price hit a record high before falling slightly. In general, 2022 was a reaction to the dramatic real estate boom in 2021. The year started with a surge in prices and growth across the board before falling alongside record inflation in the fall.

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Marco Santarelli

OCTOBER 22, 2022

Based on what it sees in the economy, the Fed can raise or lower its benchmark rate, known as the federal funds rate. Fed wants to concentrate on slowing demand. According to Freddie Mac's Primary Mortgage Market Survey, the weekly average 30-year fixed-rate mortgage in the United States was 6.94% in the week of October 20, 2022, up 3.85

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HomeLight

FEBRUARY 24, 2023

Florida’s population keeps growing, and the number of residents is expected to continue expanding for at least the next 10 years. Plus, the state enjoys an ongoing healthy lift from tourism, with more than 104 million people visiting in 2022, according to the Florida Tourism Bureau. In Q3 of 2022, the typical percentage dropped to 25%.

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HomeLight

FEBRUARY 9, 2023

percent decline from 2021 to 2022. dipped in the first quarter of 2022 to their lowest since 2009. The average flipper in the state had a gross profit margin of about 16% and a profit of $92,500 in 2022. With a healthy economy and low unemployment rates, the city sees continued population growth. percent in 2023.

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Realtor.com

DECEMBER 7, 2021

We pulled the metrics, crunched the data, and dusted off our Ouija boards to pull together a forecast of the housing markets expected to sizzle in 2022. The nation’s top markets of 2022 are largely tech hubs in the Mountain West and Midwest that offer an affordable alternative to overpriced cities on the coasts. Getty Images.

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Toronto Realty Blog

SEPTEMBER 7, 2023

On Tuesday, we looked at the first four “Burning Questions” for the fall market, and inventory was one of them. Throughout 2023, and perhaps 2022 for that matter, we’ve heard a lot about how increasing interest rates are going to cause mortgage delinquencies and eventually force a lot of home-owners to sell.

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Realtor.com

APRIL 29, 2021

Rising mortgage rates and the increase in inventory could slow down price gains. To come up with our list of places, we looked at cities where home prices had not risen more than 10% in the past year (compared with 16% nationally) and calculated the number of homes for sale per 1,000 households—the more the better. Newburgh, NY.

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Marco Santarelli

SEPTEMBER 8, 2021

Raleigh Housing Market Trends & Forecasts 2021 – 2022. 10-year change in home prices: 94.45%. Apple announced that it will open its first East Coast campus in Wake County, creating 3,000 new jobs and investing more than $1 billion in the Research Triangle area. House appreciation rates in Raleigh were 2.02

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Marco Santarelli

NOVEMBER 28, 2021

These LA suburbs have seen significant growth as people move out of the overpriced and often dangerous LA area while trying to maintain quality of life and proximity to high-paying jobs. Although the hot seller's market has cooled slightly for the fall, it continues to offer homeowners incredible returns. year-over-year.

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Marco Santarelli

AUGUST 5, 2020

Buying activity slowed due to the pandemic but has significantly rebounded since June. Earlier, in the first quarter, some economists had predicted that housing prices would fall in 2020 but such forecasts are losing grounds as the U.S. Given the current fundamentals, real estate sales should remain strong in most U.S. from June 2019.

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Toronto Realty Blog

JANUARY 1, 2022

” Prices are rising, affordability is falling, inventory is low, bla, bla, bla. A 23-year-old starting an entry-level job, making $55,000 per year at a downtown firm, can’t really “afford” to pay $2,200/month for a 1-bedroom condo, but they do. Is our market really the “same old, same old?”

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Housing Wire

MAY 28, 2023

The 10-year yield and mortgage rates The White House and Republicans announced a tentative deal on the debt ceiling on Saturday, putting an end to the drama we’ve all had to deal with for the past two weeks. Mortgage rates have been very volatile — even though the 10-year yield hasn’t reached a new high in 2023, mortgage rates have.

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Norada Real Estate

AUGUST 25, 2022

You need to drill deeper into local trends if you want to know what the market holds for real estate investors and buyers in 2022 and 2023. and its economy is strong. The city of San Diego continues to outpace California's job recovery, which is good news for San Diego’s housing industry. San Diego is a growing housing market.

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