Remove 2023 12 looking-back-on-a-year-of-mortgage-rate-madness
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Number of price cuts drops as housing inventory rises

Housing Wire

Last week, housing inventory grew and the number of price cuts fell, which is expected at this time of the year. Last year at this time, inventory rose week to week and I was hopeful for a typical spring inventory year, but the seasonal bottom didn’t actually happen until April 14. This is not what we’re seeing now.

Mortgages 528
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Mortgage rates collapse on softer inflation data

Housing Wire

Finally, some good news: the growth rate of inflation is cooling off for now, and with the CPI inflation report being positive, the 10-year yield fell noticeably, and mortgage rates will fall with that! So, the question is, are we reaching the peak of inflation and close to the end of the Fed rate hike cycle?

Mortgages 534
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Is inflation or recession driving mortgage rates now?

Housing Wire

However, with the current banking stress news and the emergency action taken by the Fed to secure the banking sector, the question now is what will drive mortgage rates : inflation data, recessionary data, or something else we don’t even see coming? Over the last 12 months, the all items index increased 6.0

Mortgages 373
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Housing Market Tracker: Higher rates crush purchase apps 

Housing Wire

The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. Weekly housing inventory decreased by 6,801, while new listing data is still negative year-over-year. How does the sharp increase in rates directly impact those homebuyers?

Marketing 421
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Taking a Closer Look at the Wave of Corporate HQ Relocations

Propmodo

With the dust settled on major moves within the past few years, an analysis of these relocations shows how much Texas and other states gained. With the dust settled on major moves within the past few years, an analysis of these relocations shows how much Texas and other states gained. CBRE recently analyzed U.S. million in 2022.

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Cooler inflation data sends mortgage rates lower

Housing Wire

On Tuesday, the Consumer Price Index (CPI) data came in cooler than expected , and the bond market loved it, driving mortgage rates lower. Headline inflation is still very elevated historically, but the trend can be our friend over the next 12 months. Where do we go from here? of this index is shelter inflation. Also, the U.S.

Mortgages 536
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Guest Blog: “Vacant Homes & Empty Minds”

Toronto Realty Blog

properties which were unoccupied for six months or more during the previous calendar year). Despite the flaws, all Toronto residential property owners must now file a declaration by February 2nd, 2023 and once a year thereafter. 1 4% to 5% of declarations are expected to be audited each year.2. TorontoRealtyBlog.