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How home-price growth has damaged the housing market

Housing Wire

This data line lags the current housing market as it’s a few months old. Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005. million, the housing market can be sane again, even though those levels were the historically low levels of inventory going back to 1982.

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The housing market is now savagely unhealthy

Housing Wire

To get the housing market to be sane and normal again, we need inventory to get back in a range between 1.52 – 1.93 million ; this is still historically low, but this gives the housing market a breather from the madness that we see today. However, a seller is also a natural homebuyer, unless they’re an investor.

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Is the savagely unhealthy housing market back?

Housing Wire

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. housing market inventory channels have changed due to how the U.S.

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The housing market recession continues, despite starts data

Housing Wire

real estate investors and affordable homes. The June housing starts data beat estimates with positive revisions, however, this doesn’t change the housing market recession call that I made last month. As you can see, the entire housing marketplace is much different from what we experienced in 2008.

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This savagely unhealthy housing market needs higher rates

Housing Wire

million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. We are not taking the unhealthy housing market theme off this marketplace.

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The housing market is still savagely unhealthy

Housing Wire

However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. housing market; the 10-year is above 1.94%, something that didn’t happen in 2020 or 2021. From NAR : Total existing-home sales dipped 2.7%

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What would it take to crash the housing market?

Housing Wire

One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. million — once that happens, I can take the unhealthy label off the housing market.