Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. It is crazy to think we are seeing these four things happen in the housing market considering that even in March of this year we were seeing bidding wars accelerate before mortgage rates rose.

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Housing Wire

MARCH 18, 2022

Inventory has broken to all-time lows, but it doesn’t look like the year-over-year data will be positive at all this year unless demand softens up. NAR Research : Unsold inventory sits at a 1.7-month NAR Research : Unsold inventory sits at a 1.7-month However, negative year-over-year inventory is not what we want to see.

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Housing Wire

APRIL 13, 2022

This was the last thing we needed to see for the Housing Market , which went from unhealthy to savagely unhealthy. What I am hoping for is that higher rates create more days on the market, cool price growth down, and at some point this year, we stop being negative and be positive on a year-over-year basis.

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Housing Wire

JUNE 28, 2022

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. The housing market can’t replicate the type of massive credit expansion we saw from 2002-2005, so the price-growth story has more to do with inventory collapsing to all-time lows.

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Housing Wire

MAY 18, 2023

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. If we had a massive credit boom-to-bust, inventory would have skyrocketed in 2022.

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Housing Wire

DECEMBER 7, 2022

Now, with five weeks of data in front of us, we can say they have stabilized the market. As you can see from the chart above, the last several years have not had the FOMO (fear of missing out) housing credit boom we saw from 2002-2005. Total inventory levels. NAR: Total Inventory levels 1.22

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Housing Wire

MAY 19, 2022

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. Inventory is always seasonal. Today inventory levels are at 1.02

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Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. In time, markets always find balance and balance is a good thing. Inventory velocity. April 10, 2020: We needed a lot of inventory, fast. April 2022: Inventory has not recovered. Can this last?

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Housing Wire

APRIL 20, 2022

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. 2014 was the last year total inventory grew.

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Housing Wire

APRIL 15, 2022

We’ve all been wondering what 5% plus mortgage rates would do to the hot housing market, and now we’ve got that and a bag of chips. As a result, I’ve been rooting for mortgage rates to rise to create a balancing impact on this housing market. Inventory is still showing negative year-over-year data.

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Appraisal Buzz

NOVEMBER 18, 2021

After a torrid start to the year, home price appreciation will slow, and new construction will replenish the nation’s inventory in the second half of 2002. The post Balance to Return to the Housing Market appeared first on DSNews. The post Balance to Return to the Housing Market appeared first on Appraisal Buzz.

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Housing Wire

NOVEMBER 4, 2024

housing market is split into two groups: first-time buyers struggling to enter the market and current homeowners buying with cash,” Jessica Lautz , NAR’s deputy chief economist and vice president of research, said in a statement accompanying the report. The trendline is startling.

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Housing Wire

JUNE 27, 2024

Demand for investment properties remains strong even as market conditions, such as higher mortgage rates and lower levels of inventory , hamper deals in similar fashion to consumer homebuyers. A national lender, Dominion was founded in 2002 and has reportedly funded more than $3 billion in loans across more than 11,000 deals.

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Housing Wire

SEPTEMBER 26, 2023

. “This is about the same rate of price growth that occurred during the 2002 through 2006 period when subprime lending drove exuberant housing demand. “But that is where the similarities end. Mortgage holders are well-qualified and subprime loans are rare. ”

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Housing Wire

DECEMBER 20, 2022

Traditionally, housing starts, permits, and completions would move together, like what we saw in 2002-2005. The housing recession story is separate from the housing completion story and inventory backlog. From 2002-2005 it was a steady rise to the top of the housing bubble, and then it burst. When supply is 4.3

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Housing Wire

SEPTEMBER 26, 2023

That’s right — for all the hype of massive housing inventory coming from the builders, today we sit here still trying to work back to pre-COVID-19 levels with just 76,000 completed homes ready to be moved. As we can see in the chart below, sales levels aren’t exactly booming like they were from 2002-2005. When supply is 4.4-6.4

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Housing Wire

MARCH 31, 2022

The Dallas Fed on Thursday published an article titled: Real-Time Market Monitoring Finds Signs Of a Brewing U.S. That’s not to say that the data points the Fed used are incorrect — in fact, we are in a savagely unhealthy housing market , but it’s not a bubble. Housing Bubble. I disagree with this conclusion. Let me explain.

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Housing Wire

MAY 17, 2024

since 2002. It operates in 119 markets across 33 states, focusing on building and selling homes with prices ranging from $200,000 to more than $1 million. At the end of March, the company had 45,000 homes in inventory. Horton has been the largest homebuilder by volume in the U.S. During the 12-month period ending March 31, D.R.

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Housing Wire

MAY 24, 2022

Going back to the summer of 2020, the one factor that I said could change the housing market was the 10-year yield getting above 1.94%. The market is savagely unhealthy and needs balance; this is what we call balance! As you can see, sales levels were never elevated like what we saw from 2002-2005. Guess what happened in March?

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Housing Wire

MARCH 28, 2022

The one thing that has happened in 2022 that has been worse is that national inventory levels have worsened in 2022 to start the year. Due to this reality, I have downgraded the housing market from unhealthy housing to a savagely unhealthy housing market. Inventory has been falling for years.

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Housing Wire

JUNE 8, 2021

The Salt Lake City-based lender says it’s worked with over 1 million homeowners since its founding in 2002 and funded $11.6 Given the growing interest to convert rooms into home offices and a lack of new inventory, non-depository banks are taking notice. billion in home improvement projects.

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Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. When I came up with the “ savagely unhealthy housing market ” label in February of this year, it was based on the premise that the housing inflation story that we have had to deal with since 2020 was a historical event. million today.

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Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. Housing inventory issue with no booming demand. However, we haven’t had a credit sales boom like the one we saw from 2002-2005. million listings.

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Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. This sector on an apples-to-apples basis is more expensive than the existing home sales market. The only risk to that 6.2

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Housing Wire

JULY 13, 2022

Looking at the housing market in the years 2020-2024, one risk i identified early on was that home prices could accelerate more in this period than we saw in the previous expansion if inventory channels broke to all-time lows. housing market as savagely unhealthy. Over the last two and a half years of U.S.

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Housing Wire

SEPTEMBER 22, 2022

The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . Since the summer of 2020, I have talked about what could change the housing market, which was a 10-year yield above 1.94%, which means rates over 4%. million to 1.28

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Housing Wire

DECEMBER 29, 2021

A bullish housing market. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. We do have some very positive stories about the housing market in 2021, but not all is perfect, of course. What a year 2021 has been. However, not only did the U.S. The excellent.

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Housing Wire

AUGUST 19, 2021

According to Sam Khater, chief economist at Freddie Mac, as with other parts of the economy, low housing inventory and price increases have dampened sales. In the July Federal Open Market Committee meeting , most participants “judged that it could be appropriate to start reducing the pace of asset purchases this year.”

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Housing Wire

NOVEMBER 9, 2022

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.

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Housing Wire

JULY 6, 2023

In a bid to strengthen its position in the Gulf Coast market, has acquired Truland Homes , the largest private homebuilder along the Gulf Coast, according to an announcement issued Thursday. Horton’s already strong local market operations.” Horton has been the largest homebuilder by volume in the United States since 2002.

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Housing Wire

JUNE 24, 2022

The market has changed with rates so much higher, but for the most part, the builders are managing the recent weakness in sales as best they can. Census: For Sale Inventory and Months’ Supply The seasonally?adjusted The monthly supply data for new homes often get mixed up with the existing home sales market. We have two rules.

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Housing Wire

OCTOBER 12, 2020

Despite what they promised, we sit here today with the United States housing market outperforming all other economic sectors in the world during the pandemic. In order for the housing market to crash due to too many loans going into default when forbearance programs end, the number of loans in these programs needs to grow.

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Housing Wire

DECEMBER 26, 2023

According to George, there will be “a small amount” of cash-out refinances, and the purchase market might see “a little bit of an improvement,” but overall, 2024 “doesn’t look better.” ” Additionally, predicting the market recovery’s timing is challenging. But it’s possible.

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Housing Wire

JULY 26, 2022

This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. Since the summer of 2020, I have genuinely believed the housing market could change once the 10-year yield broke over 1.94%. months and below, this is an excellent market for the builders.

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Housing Wire

NOVEMBER 8, 2021

This was the case for housing during the lead-up to the bubble years as housing data went criminally insane in the years 2002-2005. housing market, no single metric can herald an oncoming slowdown; it will require several factors signaling in concert for the warning to be meaningful. Regarding the U.S.

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Housing Wire

FEBRUARY 24, 2022

To be honest here, the new home sales market is stuck for now. months and below, this is an excellent market for the builders. months, this is an OK market for the builders. This stands in contrast to the existing home sales market, where higher mortgage rates can create more inventory and cool down price growth.

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Housing Wire

DECEMBER 22, 2021

Then everyone went crazy on investors and iBuyers , suggesting that these people were holding up the entire housing market. I understand that grifters have to keep the grift going, but not even the Joker would say that the housing market lives off investors and not mortgage buyers. Home prices and days on market.

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