Remove articles why-home-price-growth-is-still-up-18-year-over-year
article thumbnail

The savagely unhealthy housing market is now a nightmare

Housing Wire

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 from last year. But, the savagely unhealthy data line was that home prices are up 14.8%. Now that mortgage rates have risen, demand is getting hit, while we are still showing 14.8% home-price growth data.

article thumbnail

Are existing home sales showing a housing bubble?

Housing Wire

Today, existing home sales blew out estimates , coming in at 5,860,000. With new home sales, pending home sales, housing starts, housing permits, and purchase applications already in v-shape recovery mode, this last metric completes the v-shaped recovery across the board for housing.

Sales 544
Insiders

Sign Up for our Newsletter

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

article thumbnail

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. Active inventory fell 1,109, and new listing data made a lovely comeback week to week but was still noticeably down year over year.

Mortgages 450
article thumbnail

How the Federal Reserve is Helping the Housing Market

Realty Biz

Specifically for home buyers and real estate agents in need of more inventory on the market and at more stable prices. Obviously, we are watching that quite carefully [prices and mortgage rates]. Historically low interest rates for the past couple of years have enabled housing prices to soar at an astonishing rate.

article thumbnail

Monday Morning Quarterback: Two Steps Forward, Two Steps Back

Toronto Realty Blog

I wonder if I’d have any hair left… While I could easily spend this week regaling you with tales of 30-offer gong-shows and houses selling for 75% over the asking price, there’s going to be a lot of time for that this year. Well, the former is true, and we’re only two weeks into the year.

article thumbnail

Are 1970s inflation and mortgage rates possible?

Housing Wire

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? But what about the 1970s inflation that led to 18% mortgage rates in the early 1980s? Over the last 12 months, the all items index increased 3.2

Mortgages 504
article thumbnail

Existing home sales now outperforming

Housing Wire

The National Association of Realtors ‘ existing home sales report for October came in at a solid beat of estimates at 6.34 million and that means we have had back-to-back existing home sales prints of over 6.2 Early in the year, I had discussed that if existing home sales stay in a range between 5.84 million and 6.2

Sales 538