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Why home prices haven’t crashed even with high mortgage rates

Housing Wire

The most underreported housing story I’ve seen this year is that even with mortgage rates rising to 8%, the number of homes that took price cuts before they sold was 4% below 2022 levels. This happened even with higher home prices and higher mortgage rates in 2023. the seasonal peak this year was on Nov.

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Is The CMHC Limiting Their Downside, Or Their Upside?

Toronto Realty Blog

” I guess that just about sums it up! This past week, the Canadian Mortgage & Housing Corporation announced that it was placing a ceiling of 8% on any gain or profit on a property purchased through the “First Time Home Buyer Incentive Program,” but also an 8% cap on any losses. I was right.

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The Mystery of the Housing Market in the Fall of 2022

Notorious ROB

I have to go back to work on a number of projects, but… I had to puzzle this out with you all in public. The headline is “mortgage payments hit all time high” as the Fed keeps hiking rates. Mortgage purchase applications were down 0.4% Mortgage purchase applications were down 0.4%

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Exclusive: The Untold History of How Women Faced Unspeakable Discrimination in Mortgages—and Then Fought Back

Realtor.com

Getty Images Less than 50 years ago, many mortgage lenders refused to consider a woman’s income. A three-bedroom ranch went up for sale in a nearby, suburban Delaware neighborhood where their friends lived. The Wintjens sought a mortgage reserved for veterans, as Paul had served in the Coast Guard. Jefferson Mortgage Corp.

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Parents Helping Their Kids With Housing? No Kidding!

Toronto Realty Blog

If incomes aren’t rising in line with home prices, then eventually, those “runaway” home prices would have to come down. If you’re not familiar with the story, here’s a Toronto Star article that seemed to enjoy it: “‘Have You Tried Finding Richer Parents?’

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Logan Mohtashami’s 2023 housing market forecast

Housing Wire

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Buckle up as we look at each factor individually. Home price s.

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Miami Real Estate Market & Investment Overview 2020

Marco Santarelli

The median list price of homes in Miami, FL was $380K, trending up 4.1% The trend for median days on market in Miami, FL has gone down since last month, and slightly up since last year. In this article, we shall discuss some more important reasons why you may want to consider buying Miami investment properties in 2020.

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