Remove 2002 Remove Investors Remove Sellers
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The housing market is now savagely unhealthy

Housing Wire

My concern now is that some sellers are feeling stressed about this market, which should never happen because this is the best seller market ever. However, a seller is also a natural homebuyer, unless they’re an investor. You can see why some sellers are stressed now. People who sell need to live somewhere.

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How home-price growth has damaged the housing market

Housing Wire

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. Also, certain investors felt no fear post-2020.

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Purchase apps are at 2009 level: where’s the inventory?

Housing Wire

That’s not the case now because we have’t had a credit boom post-2010 as we did from 2002 to 2005. The Baby Boomers are not selling their homes en masse, and we have more investors providing shelter for renters than before. If you connect the lines, you can see where we are on a historical basis. What is going on here?

Inventory 526
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Are new home sales flagging a recession?

Housing Wire

I know some people don’t agree with me on this, but the price gains in both the existing home and new home sales sector show that homebuilders and sellers had too much pricing power and needed to be checked. As you can see, sales levels were never elevated like what we saw from 2002-2005. The only way this happens is by higher rates.

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Housing inventory falls under 1M again as sales collapse

Housing Wire

The lack of sellers is also a demand problem and what we saw after June of 2022 is that sellers called it quits earlier and faster in the year than usual, resulting in total existing home sales totaling 5,030,000 to end 2022. I have often said that anytime days on the market are at a teenager level, nothing good will happen.

Inventory 541
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New home sales are at risk with rising mortgage rates ?

Housing Wire

Compared to the existing home sales marketplace, it doesn’t have a high cash buyer or investor buyer profile. As you can see below, the new home sales market from 2018-2022 doesn’t look like the housing market we had from 2002-2005. Like home sellers, they try to make as much money as possible. percent (±11.9 percent (±13.7

Mortgage 505
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Existing home sales data continues to outperform

Housing Wire

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.

Inventory 516