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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. Since eight of the last nine weeks (excluding the holiday period) have had positive purchase application data, I might need to wait a few more weeks before we see the seasonal bottom.

Mortgages 515
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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. Purchase application data didn’t budge much on the week-to-week data. Mortgage rates went from 7.19%% to 7.37%. Weekly active listings rose by only 4,401.

Mortgages 370
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Housing Market Tracker: Banking crisis is a new variable

Housing Wire

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? Purchase application data rose 7% weekly , still down 38% year over year. This bond market is screaming at the Fed to cut rates.

Banks 383
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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. In thinking about the year ahead, I am going to frame my comments around five questions I often hear from lenders.

Mortgages 458
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Housing Market Tracker: Purchase apps surprise

Housing Wire

Mortgage rates were near 7% last week but purchase applications were still able to pull out an 8% week-to-week gain. Purchase apps were coming off a four-week losing streak and even though those were mild week-to-week declines, it was still four weeks of weakness. The recent growth broke that streak, but demand is still low.

Marketing 485
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Atlanta Real Estate Market Overview 2020

Marco Santarelli

This article has been updated to reflect recent changes in the Atlanta real estate market due to COVID-19. Let’s talk a bit about Atlanta and the surrounding metro area before we discuss what lies ahead for investors and homebuyers. Metro Atlanta housing market has experienced a smooth recovery by far. The Atlanta metro area is up 4.9

Marketing 138
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Looking Forward to 2023: Slow and Steady Wins the Race

GeekEstate

Bryan Copley is a firm believer the tortoise will be sexier than the hare this year : The Fed will continue to grind the gears of economic growth, and the cheap capital financing meteoric startup growth for companies without a plausible path to profitability has dried up faster than the Los Angeles River. prior to an IPO. PROPTECH TRENDS.

MLS 62