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Housing inventory fell last week, but it won’t derail the spring bump

Housing Wire

Weekly housing inventory data — both active inventory and new listings — are prone to one-week moves that deviate from a trend, especially if people are going Easter egg hunting. So, the fact that active inventory and new listings data fell last week isn’t a big deal. housing market, and we should ignore the decline last week.

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Why higher rates aren’t crashing home prices

Housing Wire

Home prices aren’t crashing, despite what the housing bubble boys are saying. Those who know my work over the last 10 years know that I have Batman/Joker relationship with the housing crash people, because they never stop. In fact, home prices have firmed up higher recently. I mean, it’s year 11 now of the housing bubble 2.0

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Housing industry continues to shed employees in economic downturn

Housing Wire

Don’t be fooled by last week’s mortgage rate collapse. A combination of elevated mortgage rates, sluggish home sales and inflation continue to plague the housing market workforce, with numerous mortgage lenders and real estate startups shedding employees.

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Push button. Get CEO? What’s next for Rocket

Housing Wire

Jay Farner likes to tell a story about his early days at Rock Financial , which would become Quicken Loans and eventually Rocket Mortgage. It was 1996 and Dan Gilbert , the founder and CEO, announced that the company’s mortgage bankers weren’t going to meet with applicants face to face. That was new back then. With the Feb.

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What’s On Your Real Estate Mind For 2024? (Pt2)

Toronto Realty Blog

TorontoRealtyBlog Since we last spoke on Monday, are there any other things on your real estate mind? Let me throw some skin in the game here: my mortgage comes due in November of 2024. I’m on a 2.59% fixed-rate mortgage. What will prevailing rates look like in November of 2024? Any new developments?

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Salt Lake City Real Estate Market & Investment Overview

Marco Santarelli

The pandemic has supercharged Utah’s housing market driven by historically low interest rates and low unemployment rate. The Salt Lake City real estate market has been one of the toughest real estate markets for Millennials due to limited supply relative to demand. Months Supply of Inventory has dropped to 0.7,

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Some mortgage companies expanding despite challenges

Housing Wire

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. The expansion comes amid a surge in mortgage rates and declining loan origination volume.

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