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

Housing Wire

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. housing market, and we should ignore the decline last week. housing market, and we should ignore the decline last week. However, for now, this is a plus for the U.S.

Mortgages 427
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Higher mortgage rates haven’t increased inventory

Housing Wire

Last week, mortgage rates hit a 21st-century high, the 10-year yield closed slightly higher than my peak forecast for 2023 , and housing inventory growth was still slow. I will keep a close eye to see if the country can achieve some decent weekly active listings data before the seasonal decline in inventory.

Mortgages 367
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How will mortgage rates impact seasonal inventory in 2024?

Housing Wire

New listings were trending at the lowest levels ever in 2023, but that should not be the case in 2024. New listings were trending at the lowest levels ever in 2023, but that should not be the case in 2024. Never forget most sellers are buyers of homes as well, especially if the economy isn’t in a job loss recession.

Mortgages 496
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You can’t buy what’s not for sale in the housing market

Housing Wire

In other words, it’s a diverse market with a wide variety of different homes of varying ages and levels of repair, and sales happen very rarely. To buy a new home, you must sell the home you already own. years in March 2023, according to recent data.

Sales 352
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Is the spring housing market about to rebound?

Housing Wire

A look back: The early 2023 housing slowdown Bidding behavior on the Auction.com platform provides one of the best barometers of the retail housing market because the success and livelihood of these bidders depends heavily on them accurately anticipating what the retail market will look like in the next six months.

Marketing 408
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The big short in housing supply isn’t going away

Housing Wire

This article is part of our HousingWire 2022 forecast series. In November 2021, the supply of homes for sale nationwide as a percentage of occupied residential inventory remained near historic lows at 1.19% — meaning only 119 in every 10,000 homes were for sale — much lower than the historical average of 2.5%.

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Housing Market Tracker: Inventory is negative YOY

Housing Wire

Since May 15, that trend has continued to the point that inventory in America is now negative year over year. Then in a short amount time, we had the biggest and fastest mortgage rate spike in history, which facilitated the biggest one-year crash in home sales in history, which helped inventory grow faster than normal in 2022.

Marketing 452