Remove articles the-fed-was-wrong-about-jobs-and-inflation
article thumbnail

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. In fact the price cut percentage consistently stayed 4% below 2022 levels.

Mortgages 523
article thumbnail

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. What did I get wrong? in total for the year.

Marketing 535
Insiders

Sign Up for our Newsletter

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

article thumbnail

Is the Housing Market Sustainable?

Realty Biz

With interest rates and inflation both on the rise, the US housing market has recently taken a hit. Whether you’re a first-time homebuyer or a real estate agent looking to help your clients understand these trends, here’s what to know about the sustainability of the current market. First and foremost, let’s talk about interest rates.

Marketing 108
article thumbnail

Monday Morning Quarterback: Two Steps Forward, Two Steps Back

Toronto Realty Blog

Today, I want to talk about an inevitability that finally happened. You might have read this article in the Financial Post last week: “CMHC To Review Down Payments On Investment Properties As Part Of Federal Strategy To Tackle Housing Risks” Right? TorontoRealtyBlog. So much news, so little time! Fair enough?

article thumbnail

Logan Mohtashami: The 2022 housing forecast

Housing Wire

When COVID-19 was about to hit our economy, I forecasted that the 10-year yield recessionary yields should be in a range between -0.21%-0.62%. About a month later, I published my AB (America is Back) recovery model , which said that the 10-year yield should get back toward 1%. The 10-year yield and mortgage rates. The forecast.

Mortgages 542
article thumbnail

Four Horsemen of the Housing Apocalypse, Part 3: On a Black Horse – Recession

Notorious ROB

In part 2 , we covered the insane money printing that has devalued the dollar, and stuck the Fed into a corner with no options. But in the meantime, even the modest Fed action has had real results in the real world. But in the meantime, even the modest Fed action has had real results in the real world. Revelation 6:5–6 NASB.

article thumbnail

Mortgage Rates Are Going Up: But Why? We Break it Down Here

HomeLight

And “the market” means everything from stocks to inflation to consumer spending habits — so when the Covid-19 pandemic hit and brought everything to a screeching halt, well, the powers that be had to do something to get dollars moving around again. And the top of this “they” is the Fed. you’re not wrong. So as a result?