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How housing credit is shaping housing inventory

Housing Wire

Home prices escalated out of control after 2020 and when we look at why that happened, we can see that housing credit mattered more to inventory data than most people realize. Home sales hit their highest levels in a decade right before COVID-19 hit our economy. What does that mean? NAR Active Inventory Data, traditionally between 2-2.5

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US New Home Starts Trend Lower And Permits Enter Correction Territory

Better Dwelling

The US housing boom is experiencing a few hiccups but it’s not due to a lack of demand. The US Census Bureau released October housing starts and new building permit data. The post US New Home Starts Trend Lower And Permits Enter Correction Territory appeared first on Better Dwelling.

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CMO Coleen Bogle on strategic leadership in a higher rate environment

Housing Wire

Can you share with us some of the key initiatives or strategies you’ve implemented in your first three months as CMO? HousingWire: The Money Store prides itself on providing easy, efficient, and affordable home financing. This agility enables us to act quickly and decisively, providing us with a significant advantage.

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HUD aims to help protect communities from extreme heat

Housing Wire

Extreme heat affects all of us. Similar trends are being observed in areas prone to wildfires and excessive heat as home prices have remained generally elevated well after the pandemic-driven homebuyer boom. HUD will also hold a specialized stakeholder briefing about extreme heat on May 23.

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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. We have a big week ahead of us.

Mortgages 532
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Prices for luxury homes soared in the first quarter 

Housing Wire

Luxury home prices in the U.S. In comparison, prices for non-luxury homes rose by 4.6% Redfin defined luxury homes as those estimated to be in the top 5% of their metro area based on market value, while non-luxury homes are those with estimated values in the 35th to 65th percentile. New listings of luxury homes soared 18.5%

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RealReports raises $2 million in seed funding

Housing Wire

We are thrilled to have such engaged and helpful investors join us in this round, and are more confident than ever before about our path forward,” James Rogers, co-founder and CEO of RealReports, said in a statement. RealReports also announced a partnership with Plunk , an AI-powered home analytics platform, last November.

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