Remove 2000 Remove Contracts Remove Housing Market
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Working with buyers in the nation’s hottest housing market

Housing Wire

Austin, Texas might be the hottest housing market in the country. It is just a super tight housing market. I haven’t seen anything like this here, and I’ve been doing this since 2000,” Richardson said. “I think what’s going on is a shock to people in the Austin market,” Van Dyke said.

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As mortgage rates hit a two-decade high, mortgage applications tick down

Housing Wire

The 30-year fixed mortgage rate increased to 7.41%, the highest rate since December 2000, and the 30-year fixed jumbo mortgage rate increased to 7.34%, the highest rate in the history of the jumbo rate series dating back to 2011,” said Joel Kan, MBA ’s vice president and deputy chief economist. from 11% the week prior. Lastly, the U.S.

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Home sales will only get worse next year before rebounding in 2024

Housing Wire

The forecast for the housing market is expected to get gloomier next year before rebounding to 2022 levels in 2024. Fannie Mae expects real GDP growth in 2024 to be 2% year over year, reflecting the start of a recovery following an anticipated 2023 contraction of 0.6%. million in 2022 before dropping to 4.42 million in 2024.

Contracts 397
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US home sales fall to historically low level: Redfin

Housing Wire

The second occurred in October 2023 when mortgage rates peaked at their highest point since 2000. Data continues to reflect seller-friendly market conditions as the median sale price reached another record high of $439,716 — up 5.1% year over year. Last month, 61.9% in May 2022.

Sellers 488
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Purchase market is poised to topple refi’s reign in 2021

Housing Wire

While 2021 likely won’t approach the record breaking tizzy of 2020, the housing market will continue to flourish on the strength of the purchase market, according to economists at the Mortgage Bankers Association. How outsourcing gives lenders an advantage in 2021’s purchase market. After last year’s record $3.83

Marketing 488
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Where’s the bottom for new home sales?

Housing Wire

New home sales are now below the recession levels of 2000 and have fallen all the way to 1996 levels, when interest rates were near 8%. With mortgage rates spiking so much in a year, all of those homes that went into contract with rates between 3% to 4% are having issues with rates between 6% and 7%.

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Annual home-price growth cooled further in February

Housing Wire

Because most home sales take several months from contract to closing, the data likely includes some deals struck in October and November. The Case-Shiller home price indices for February is a three-month average of closing prices in December, January and February. to a reading of 297.68. The 10-city home price index also posted a 0.4%

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