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Housing inventory fell last week, but it won’t derail the spring bump

Housing Wire

Although I expect some of the weekly data to rebound next week as a result, growth in active and new listings is still trending slower than I thought would happen in 2024. Also, spreads between the 10-year yield and the 30-year mortgage got better last week, which is a big plus for the future if this trend continues.

Mortgages 471
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Is inflation or recession driving mortgage rates now?

Housing Wire

On Tuesday, we got more confirmation that the Federal Reserve ‘s biggest fear — inflation blowing up to 1970s levels — isn’t happening, according to the CPI data. Even with its most significant component, shelter inflation, keeping core CPI higher than it should be, it’s been hard to accelerate the core data.

Mortgages 384
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Days on market grow despite low inventory for existing homes

Housing Wire

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. Now we are getting the call back to balance, which is good. million in October.

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HousingWire debuts Housing Market Tracker

Housing Wire

Starting this week, I will analyze weekly data in a Housing Market Tracker article every Monday to provide a status update on the U.S. This weekly tracker will give you updates on the data lines that don’t need to wait for monthly housing data reports. . housing market and economy. Purchase application data. Housing market inventory.

Marketing 507
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The Mystery of the Housing Market in the Fall of 2022

Notorious ROB

The latest Redfin report on the housing market is… weird. The headline is “mortgage payments hit all time high” as the Fed keeps hiking rates. Mortgage purchase applications were down 0.4% New listings of homes for sale were down 14% from a year earlier. from the prior four-week period.

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Four Horsemen of the Housing Apocalypse, Part 3: On a Black Horse – Recession

Notorious ROB

But, thanks to rising inflation that no amount of book-cooking can cover up, the Fed has been forced to “take action” by which we mean raise rates a tiny bit, then jawbone a whole lot about how tough they’re going to be on inflation. Revelation 6:5–6 NASB. Well, Q1 GDP in the US declined by 1.4%.

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Top 20 Metros for Real Estate Development over the Past Decade

Broke Agent Media

BAM Key Details: A new StorageCafe report names the top 20 U.S. A new report from StorageCafe reveals the top 20 U.S. New York and L.A. And completing those projects is the best way to fight inflation and lower mortgage rates, according to Logan Mohtashami of Housing Wire.