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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. to stop hiking rates. In fact, home prices have firmed up higher recently. Even the IMF was begging the U.S.

Mortgages 546
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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. A traditional seller is also a traditional buyer, and certain homeowners have refused to buy their next home with mortgage rates above 6%.

Marketing 454
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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. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

Mortgages 454
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Insights Into The Maryland Housing Market: Trends And Forecasts For 2024

Realty Biz

While rising prices and mortgage rates present challenges, it’s still possible to find your dream home with the right strategy. This article explores the key factors home buyers need to know about the Maryland housing market this year. While price gains may moderate, a drop in values is not anticipated statewide next year.

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Does the Market Hate Everyone or Just My First-time Homebuyers?

The Close

Not even the wild ’70s inflation, the astronomical interest rates of the ’80s, or the housing crash of the aughts have prepared us for the current market. In fact, inventory has dropped 25% since July 2022 and continues to hover at the bottom of that cliff it fell off, as demonstrated by the chart below: Existing home sales are down 2.4%

Marketing 105
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FHFA House Price Index: Q1 2023 Reveals Record Highs and Regional Trends

Broke Agent Media

Anju Vajja Principal Associate Director in FHFA’s Division of Research and Statistics HousingWire’s Logan Mohtashami explained why this is happening in a recent article while debunking some popular myths about inventory. drop and the Mountain division coming in second with a 0.1% Among the seven U.S. between Q1 2022 and Q1 2023.

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The Mystery of the Housing Market in the Fall of 2022

Notorious ROB

The headline is “mortgage payments hit all time high” as the Fed keeps hiking rates. Mortgage purchase applications were down 0.4% of homes for sale each week had a price drop, up from 3.8% Low mortgage rates in 2020-2021 certainly didn’t weaken demand for rentals. a year earlier.