Remove articles what-will-lower-mortgage-rates-do-to-spring-housing-inventory
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The 2023 housing market is at odds with itself

Housing Wire

A paradoxical picture is emerging as the spring market is underway. On the one hand, elevated mortgage rates continue to erode buyers’ purchasing power, and in some markets, home prices are falling. On the other hand, inventory is still low, and homes are still selling fast, often with multiple offers.

Marketing 417
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Housing Market Tracker: Mortgage rates and inventory fall together

Housing Wire

The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory.

Mortgages 446
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Can first-time homebuyers afford homes today?

Housing Wire

This article is part of our 2023 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. Today, the average is 2.7

Investor 427
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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? Weekly inventory increased by 1,734.

Banks 383
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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 492
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Logan Mohtashami on how the housing market is holding up

Housing Wire

In this HW+ Slack Q&A, HousingWire Lead Analyst Logan Mohtashami gives the inside scoop on where rates are headed, his insights on the latest economic reports and more. Logan Mohtashami: Yes, purchase application data has always been a useful forward looking indicator for housing, especially when we are dealing with higher mortgage rates.

Marketing 417
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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?