Remove articles is-housing-inventory-growth-really-slowing-down
article thumbnail

Why fewer homes are taking a price cut, even while inventory rises

Housing Wire

While weekly inventory is still falling, we have year-over-year growth in total active listing and new listings data. We might have an average year in housing compared to the past four years! Price-cut percentage Every year, one-third of all homes take a price cut before selling — this is a traditional housing activity.

Mortgages 513
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
Insiders

Sign Up for our Newsletter

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

article thumbnail

Housing Market Tracker: Inventory is negative YOY

Housing Wire

Housing inventory finally broke under 2022 levels last week. Since May 15, that trend has continued to the point that inventory in America is now negative year over year. We have often discussed that the housing market dynamics changed starting Nov. However, I need to put some context into what happened in 2022.

Marketing 458
article thumbnail

Why purchase application data is below 2008 levels

Housing Wire

But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care. Credit growth in the previous expansion was going to be slow and steady until our household formation data got high enough to get demand higher. nominal per year at most.

Mortgages 490
article thumbnail

Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. The last two years have been a wild ride. MBA forecasts that the unemployment rate will dip below 4% next year, ending the year at 3.5%.

Mortgages 458
article thumbnail

Why an Economic Downturn Represents the Best Time to Invest in Real Estate

The Close

But for value-seeking investors like myself, the scariest time to invest is actually in a good economy, when housing prices are rising at a blistering pace. According to the National Association of Realtors’ latest existing-home sales data , sales are down 23.2% and prices are down 1.7% and prices are down 1.7%

Investor 116
article thumbnail

What’s On Your Real Estate Mind For 2024? (Pt2)

Toronto Realty Blog

It’s only been a few days but already, I feel as though this January real estate market is going to be very slow. Prices topped the list with Sales & Inventory ranking second. Do I take a variable rate, pushing 7%, and hope that rates come down in 2025? What do I mean by that? Is it on my mind?