Remove 2022 12 22 what-makes-a-house-a-home
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Mortgage rates helped by the Fed’s moderate stance

Housing Wire

We saw the benefit of lower mortgage rates with the last two existing home sales reports, which showed growth. Let’s look at the tracker data to see how mortgage rates are impacting the housing data as we settle into spring. What have 2022, 2023, and 2024 shown us? 8% for spring 2024.

Mortgages 514
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Why home prices haven’t crashed even with high mortgage rates

Housing Wire

The most underreported housing story I’ve seen this year is that even with mortgage rates rising to 8%, the number of homes that took price cuts before they sold was 4% below 2022 levels. This happened even with higher home prices and higher mortgage rates in 2023. Now lets take a look at the weekly inventory data.

Mortgages 531
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Housing inventory defied all predictions in 2023

Housing Wire

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housing market and which factors to follow.

Mortgages 511
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Weekly active inventory growth still too slow

Housing Wire

The best housing story in 2024 is that inventory is growing — both active inventory and new listings. Here are the number of new listings for last week over the last several years: 2024: 59,854 2023: 48,442 2022: 56,258 For context, new listings data at this time in 2010 ran at 326,266. 2022: 17.2%

Mortgages 449
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Housing Market Tracker: Spring inventory grows

Housing Wire

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. Weekly housing inventory Since new listing data was trending at all-time lows in 2023, some feared we wouldn’t see the typical spring inventory increase.

Marketing 520
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This savagely unhealthy housing market needs higher rates

Housing Wire

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. The real story in housing has been the price boom that we have seen since 2020. Wait, what? I use the 1.52-1.93

Marketing 524
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These mortgage lenders are making major job cuts as production plummets

Housing Wire

As the housing market adjusts to rapidly tightening monetary policy, mortgage rates again surpassed 7%,” Sam Khater, Freddie Mac’s chief economist, said in a statement. “As As the housing market adjusts to rapidly tightening monetary policy, mortgage rates again surpassed 7%,” Sam Khater, Freddie Mac’s chief economist, said in a statement.

Mortgages 369