Remove articles data-points-to-a-cooling-in-the-housing-market-this-fall
article thumbnail

Why higher rates aren’t crashing home prices

Housing Wire

Home prices aren’t crashing, despite what the housing bubble boys are saying. The housing bubble boys are a crew that from 2012 to 2019 screamed housing crash every year. Well, it’s June 9, 2023, and home prices have been firm month to month, not showing anything that resembles the housing bubble crash years.

Mortgages 545
article thumbnail

Solid jobs report sends mortgage rates lower

Housing Wire

The bond market saw that wage growth was cooling down, leaving the Federal Reserve with few reasons to keep the rate hike story going much longer. And now, the growth rate of inflation is falling. Bond yields fell after the report since wage inflation is cooling down, a key for the Federal Reserve ‘s strategy.

Mortgages 535
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The honey badger labor market will still bite housing

Housing Wire

This means the honey badger labor market will keep the Federal Reserve from pivoting anytime soon. . Since all my six recession red flags are up, the only data lines that I am focusing on regarding the cylce of economic expansion to recession are job openings and jobless claims data. This has been a theme of mine lately.

Marketing 487
article thumbnail

FHFA House Price Index hits an all-time high

Housing Wire

On Tuesday the FHFA House Price Index hit an all-time high. In this article I’ll explain why this is happening and why we still have a savagely unhealthy housing market. 9, 2022, was an inflection point in housing. Forward-looking housing data might not be sexy, but it works.

Mortgages 459
article thumbnail

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 369
article thumbnail

Purchase apps are at 2009 level: where’s the inventory?

Housing Wire

It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. We see this in the data. We see this in the data. The year-over-year data is down 16%.

article thumbnail

Here’s why the housing market needs higher mortgage rates

Housing Wire

HousingWire: To begin, how is the supply data looking this year now that we are in April? The most recent data shows us down 17.6% This was the last thing we needed to see for the Housing Market , which went from unhealthy to savagely unhealthy. To get access to the next Q&A, you can join HW+ here.

Mortgages 418