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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. NAR Research : Total existing-home sales decreased 5.9%

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Will we start 2022 with all-time lows in housing inventory?

Housing Wire

My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6. million new and existing home sales combined. This type of sales growth — which couldn’t happen from 2008-2019, as I have often stated — is coming with a hefty price tag.

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The 2021 housing market recap by Logan Mohtashami

Housing Wire

Retail sales have been off the charts, job openings are at 11 million, GDP growth picked up big time and jobless claims hit a level last seen in 1969. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. However, not only did the U.S. That didn’t end well for them.

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Logan Mohtashami on how the housing market is holding up

Housing Wire

When the application data gets weak or hot, it moves 20%-30% both ways. We have been mindful that the data we got with housing starts yesterday, and today’s existing home sales data is backward-looking. HousingWire: How are existing home sales trends and inventory affecting the housing market right now?

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The last stand for forbearance housing market crash bros?

Housing Wire

million homes remain in forbearance and can therefore be considered at risk. Forbearance will have to end at some point, and when it does, couldn’t all these homes flood the housing market at once, driving prices down and scaring would-be homeowners away from purchasing? This means home price growth is getting too hot!

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Will the housing inventory crisis end this year?

Housing Wire

Short term yields are rising because the Fed is still in rate hike mode. Logan Mohtashami: The downtrend in the 10-year yield has stayed intact for over four decades, and the amount of demand for our bonds is too much. Today was the first day of no Fed QE, and we just had a bond auction, and the 10-year yield is still at 1.92%.

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Hot Off the Press: What Today’s Housing Numbers Mean for You & Your Clients

The Close

The real estate housing market numbers, month over month, reflect incremental increases in inventory and median price, which have resulted in an incremental decrease in sales activity. Existing sales slipped 2.2% from last month, but sales are down 16.6% Regionally it’s mixed, with some hope out West where sales rose.