Housing Wire

JANUARY 5, 2023

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?

Marketing 525

Marketing Mortgages Sales As-is 525

Housing Wire

MARCH 12, 2024

So, what should we take away from this number, seeing that market participants are still worried about 1970s inflation and some don’t want to see any rate cuts this year? After today’s inflation report, is this even a possibility with the current economic conditions? The core PCE inflation data that the Fed focuses on is a t 2.8%

Mortgages 477

Mortgages Investor As-is Marketing 477

Housing Wire

JUNE 18, 2023

Mortgage rates were near 7% last week but purchase applications were still able to pull out an 8% week-to-week gain. Mortgage rates hardly budged last week, even with the Federal Reserve ‘s announcement it was pausing rate hikes and CPI inflation reports. I explain how this happened in this recent podcast.

Marketing 448

Marketing Mortgages Banks Sales 448

Housing Wire

JANUARY 12, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. By the time the Fed arrived to remove the punchbowl, affordability had been decimated In the U.S., history. .

Investor 480

Investor Construction Loans Commercial 480

Housing Wire

JANUARY 12, 2022

Unfortunately, that didn’t happen and recent data shows that we are at fresh new all-time lows in housing inventory, with mortgage rates and the unemployment rate both under 4% currently. My 2022 existing home sales range is lower than what we are currently trending at: I am looking for a sale range between 5.74

Days on market 535

Days on market Loans Mortgages Sales 535

Housing Wire

DECEMBER 20, 2021

Even in the extreme conditions of COVID-19, my general premise on housing economics predicted that the two variables with the most influence — demographics and mortgage rates — would hold up the housing market. The 10-year yield and mortgage rates. That range dictated that mortgage rates would roughly stay between 3.5%-4.75%.

Mortgages 538

Mortgages Sales As-is Construction 538

Toronto Realty Blog

JULY 18, 2022

What a cornucopia of emotions, right? ” Lastly, I felt confused, because my phone kept beeping out of control, and what was an otherwise normal day had now picked up substantially, just in the last thirty seconds. What was going on? One from a client: David, we just heard about the interest rate hike!

Banks 95

Banks Lending Land As-is 95

The Close

MAY 15, 2023

Not even the wild ’70s inflation, the astronomical interest rates of the ’80s, or the housing crash of the aughts have prepared us for the current market. Not even the wild ’70s inflation, the astronomical interest rates of the ’80s, or the housing crash of the aughts have prepared us for the current market. So, what’s going on?

Marketing 105

Marketing Agents Mortgages Loans 105

Notorious ROB

SEPTEMBER 30, 2022

The headline is “mortgage payments hit all time high” as the Fed keeps hiking rates. Prices have climbed 1% since the beginning of the month, after 11 weeks of declines. I have to go back to work on a number of projects, but… I had to puzzle this out with you all in public.

Marketing 89

Marketing Sales Mortgages As-is 89