Remove articles mortgage-market-affordability-and-inventory-challenges
article thumbnail

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. We have had plenty of times in the previous decade when mortgage rates fell and demand improved, but that was with a lot lower mortgage rates.

Mortgages 545
article thumbnail

The 2023 Housing Market: A Look Ahead

Housing Wire

This article is part of our 2022-23 Housing Market Forecast series. First, mortgage lending standards have remained high after the last bubble. People can afford to pay their mortgages. As a result of the fallout from the great recession, mortgage quality has been far more regulated and viewed with suspicion.

Marketing 487
Insiders

Sign Up for our Newsletter

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

article thumbnail

Why purchase application data is below 2008 levels

Housing Wire

But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care. Understanding this data line and what it is trying to tell you will be more valuable than erroneously thinking the market is crashing and we’ll see a wave of foreclosures.

Mortgages 487
article thumbnail

HW+ Member Spotlight: Reina Ramos

Housing Wire

This week’s HW+ member spotlight features Reina Ramos, senior vice president, mortgage market leader at City National Bank of Florida. Below, Ramos answers questions about the housing industry: HousingWire: To start off, what is your current favorite HW+ article and why? There was so much information to absorb and retain.

article thumbnail

The Red-Hot Housing Market

Housing Wire

This article is part of our 2022-23 Housing Market Forecast series. The red-hot housing market of the past 2 ½ years was characterized by sub-three percent mortgage rates, fast-paced bidding wars and record-low inventory. But more recently, market conditions have done an about-face. at the end of 2022.

Marketing 384
article thumbnail

What does the new normal for first-time homebuyers look like?

Housing Wire

Today, as affordability wanes and housing supply ticks up, house price growth is decelerating and will likely continue to trend towards its historical average. Buyers and sellers alike have now anchored their expectation of “normal” to sub-3% mortgage rates, multiple-offer bidding wars, and double-digit annual price growth.

Equity 454
article thumbnail

The big short in housing supply isn’t going away

Housing Wire

This article is part of our HousingWire 2022 forecast series. The supply-demand imbalance fueling the housing market shows no signs of abating in 2022, even as homebuilders attempt to bridge the gap. Any market characterized by rising demand against insufficient supply is Econ 101 for price growth.