Remove all holidays
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Finally, some healthy housing inventory growth

Housing Wire

Housing inventory finally hit my target level of growth last week with mortgage rates now over 7.25% , something I couldn’t get all last year. However, the only reason this happened is that the week before, the Easter holiday negatively impacted the data, which made this week’s growth data need a lot of context.

Mortgages 476
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Mortgage rates helped by the Fed’s moderate stance

Housing Wire

Since November 2023, we have had 10 positive and six negative purchase application prints after making holiday adjustments. Price-cut percentage Every year, one-third of all homes take a price cut before selling — this is regular housing activity and this data line is very seasonal. What have 2022, 2023, and 2024 shown us?

Mortgages 506
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How to host real estate events to turn friends into customers

Housing Wire

She hadn’t started her real estate business there yet, and she was lonely — so to meet new people, she decided to throw a holiday party and invite anyone she could. “I Would you be interested in coming to our holiday party?” Dillard’s first holiday party had about 15 people in attendance. Dillard said. “I

Branding 392
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Mortgage demand ticks up ahead of the spring buying season

Housing Wire

Mortgage applications were up considerably relative to the prior week , which included the President’s Day holiday,” Mike Fratantoni, MBA’s senior vice president and chief economist, said in a statement. “Of of all applications, down from 31.2% The MBA survey, conducted weekly since 1990, covers more than 75% of all U.S.

Mortgages 422
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Mortgage applications decline ahead of Fed meeting

Housing Wire

Applications decreased compared to a holiday-adjusted week, driven by a decline in purchase applications that offset a slight increase in refinance activity,” Joel Kan , MBA’s vice president and deputy chief economist, said in a statement. The MBA survey, conducted weekly since 1990, covers more than 75% of all U.S. the week before.

Mortgages 381
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How will mortgage rates impact seasonal inventory in 2024?

Housing Wire

Since eight of the last nine weeks (excluding the holiday period) have had positive purchase application data, I might need to wait a few more weeks before we see the seasonal bottom. Also, when mortgage rates rise, the inventory peak happens later in the year. This is a topic I recently discussed on CNBC.

Mortgages 501
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Have lower mortgage rates already boosted housing demand?

Housing Wire

So far, we have had back-to-back positive prints, and the year-over-year decline is at the lowest level all year long. Traditionally, one-third of all homes take price cuts before they sell. We will see if the bond market and mortgage rates are volatile in a holiday-light trading week.

Mortgages 452