Remove articles just-how-bad-was-2023-for-the-housing-market
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Why fewer homes are taking a price cut, even while inventory rises

Housing Wire

So far in 2024, fewer homes are taking price cuts than in 2023, and this trend is on the verge of breaking below the 2023 lows in price cuts percentages. We might have an average year in housing compared to the past four years! Currently, the price-cut percentage is less than 1% from breaking below the lows set in 2023.

Mortgages 508
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How will mortgage rates impact seasonal inventory in 2024?

Housing Wire

How will mortgage rates impact seasonal inventory in 2024? Weekly housing inventory data One substantial positive story for 2024 is that we have more housing inventory year over year. New listings were trending at the lowest levels ever in 2023, but that should not be the case in 2024. But at least it’s positive!

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Three trends to watch in 2023

Housing Wire

This article is part of our Housing 2022-23 forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. The last year has been a completely split housing market — one that started with the lowest inventory NAR has recorded dating back to 1999 and one with low mortgage rates.

VA loan 469
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Housing Market Tracker: Banking crisis is a new variable

Housing Wire

The housing market was crazy again last week. Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? This bond market is screaming at the Fed to cut rates.

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Too Hot, Too Cold or Just “Tight”

Housing Wire

This article is part of our Housing 2022-23 forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. That may seem initially disheartening for the 2023 outlook. The event is exclusively for HW+ members , and you can go here to register. Headline Inflation is Over-Served.

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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. The Fed will not tolerate a tight labor market, or Americans on the lower end of the wage pool making more money. That is going to be a big theme of mine for 2023 if this trend continues.

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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. Very few listings have come onto the market, but more importantly, the pattern of behaviour I have established when looking at “new listings” is concerning. That’s a bad sign!