Remove articles mortgage-demand-rises-for-a-second-straight-week
article thumbnail

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. Here’s a quick rundown of the last week: The 10-year yield battle continues as bond yields rose early in the week only to close below 3.50% on Friday.

Marketing 483
article thumbnail

Housing Market Tracker: Inventory is negative YOY

Housing Wire

Housing inventory finally broke under 2022 levels last week. To give you an idea how different this year is from last year, last week in 2022, active listings grew 30,940 while this year they only grew 5,848. However, I need to put some context into what happened in 2022.

Marketing 450
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Will We See An Interest Rate Hike In July?

Toronto Realty Blog

As exciting (or horrifying) as that proposition would be, I think the changes in every other area of the mortgage world that I’ve seen have more than made up for it. Upon closing, the bank gave him back his $50,000 deposit, then gave him a mortgage of $1,134,200, from which he drew $64,200 to put into his hedge fund.

Banks 70
article thumbnail

What the surge in COVID cases means for the housing market this winter

Housing Wire

With COVID infection rates exploding and hospitalization rates rising as we go into the cold winter months, the risk this poses to our recovering housing market is a question that should be addressed. In a previous article, I identified infection rates during the winter months as one of the economy’s high-risk variables.

Marketing 545
article thumbnail

Why new home sales are finally moderating

Housing Wire

I warned about the negative headlines that would inevitably follow the moderation in sales in this HousingWire article. First, there is no evidence for this, and second, this makes no sense. But, we hadn’t seen that moderation in any meaningful way until today’s new home sales data. This represents a supply of 4.1

Sales 525
article thumbnail

111 Shocking Real Estate Statistics You Need To Know

The Close

Current home sales in 2022 are the second highest tally since 2007, trailing only 2021. Statistics in this article: Real Estate Agent Statistics. Related Article. Real estate statistics like this one are a critical part of understanding the ever-changing real estate market and the industry at large. Looking for a Realtor?

Equity 139
article thumbnail

Housing Market 2020 Forecast: Will It Crash or Recover?

Marco Santarelli

The pent-up demand drove the home prices up 8.1 In fact, in just the second quarter alone, the housing demand went from being down 41% to up 40% year-over-year. Low mortgage rates, population growth, and an increase in buyer interest are further driving the demand for available housing. percent in July.

Marketing 145