Remove articles what-do-economic-trends-mean-for-housing-in-2023
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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. The housing bubble boys are a crew that from 2012 to 2019 screamed housing crash every year. Well, it’s June 9, 2023, and home prices have been firm month to month, not showing anything that resembles the housing bubble crash years.

Mortgages 545
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Wage growth downtrend kills 1970s inflation fear

Housing Wire

Let this sink in; while the labor market was booming in 2022 and 2023, the fear of a wage spiral never materialized. Let this sink in; while the labor market was booming in 2022 and 2023, the fear of a wage spiral never materialized. I wrote recently about the 1970s inflation and mortgage rates. percent, the U.S.

Mortgages 510
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The 2023 Housing Market: A Look Ahead

Housing Wire

This article is part of our 2022-23 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. November and December will likely continue that trend of downward momentum. There will be two key differences between 2023 and 2010. months nationally.

Marketing 491
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Housing Market Tracker: Inventory is negative YOY

Housing Wire

Housing inventory finally broke under 2022 levels last week. Since May 15, that trend has continued to the point that inventory in America is now negative year over year. We have often discussed that the housing market dynamics changed starting Nov. However, I need to put some context into what happened in 2022.

Marketing 458
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Housing Market Tracker: Banking crisis is a new variable

Housing Wire

The housing market was crazy again last week. Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? The economic data was OK last week.

Banks 383
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Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. A silver lining is that we are expecting both 2022 and 2023 to be record years for purchase originations.

Mortgages 458
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Hot Off the Press: What Today’s Housing Numbers Mean for You & Your Clients

The Close

The real estate housing market numbers, month over month, reflect incremental increases in inventory and median price, which have resulted in an incremental decrease in sales activity. What Does NAR’s Lawrence Yun Say? ” Dr. Lawrence Yun , Chief Economist, NAR July 2023 Data: Is the Housing Market Crashing?