Remove articles lower-mortgage-rates-are-stabilizing-the-market
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Why higher rates aren’t crashing home prices

Housing Wire

In 2022 it was all about finding a point in time when I thought mortgage rates would fall, which was key to understanding how the purchase application data would react to lower mortgage rates. Home prices aren’t crashing, despite what the housing bubble boys are saying.

Mortgages 545
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How will mortgage rates impact seasonal inventory in 2024?

Housing Wire

How will mortgage rates impact seasonal inventory in 2024? Also, when mortgage rates rise, the inventory peak happens later in the year. I am a very pro-housing supply person and will feel much better about the housing market when we return to pre-COVID-19 levels for total active listings.

Mortgages 510
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Why fewer homes are taking a price cut, even while inventory rises

Housing Wire

This calls into question a mortgage rate lockdown, as mortgage rates are also higher year over year. However, this data can move stronger in either direction when mortgage rates rise or fall aggressively. After November of 2022, home sales stopped crashing and the price-cut percentage data has stabilized.

Mortgages 511
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Housing Market Tracker: Inventory is negative YOY

Housing Wire

Mortgage rates rose last week after the better-than-anticipated jobless claims data but even with higher rates, we also had a third week of positive purchase application data. 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 454
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Housing Market Tracker: Still no spring inventory lift

Housing Wire

Last week was relatively calm for the housing market after the fiasco of the banking crisis. Housing demand grew and inventory levels fell again while mortgage rates rose. Mortgage rates rose to 6.57%. The 10-year yield and mortgage rates Last week was interesting for the 10-year yield and mortgage rates.

Marketing 484
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Is inflation or recession driving mortgage rates now?

Housing Wire

However, with the current banking stress news and the emergency action taken by the Fed to secure the banking sector, the question now is what will drive mortgage rates : inflation data, recessionary data, or something else we don’t even see coming? As you can see below, rent inflation took off in the 1970s.

Mortgages 376
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Days on market grow despite low inventory for existing homes

Housing Wire

On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. This is happening, and in the long run, this is a plus for the housing market.