Housing Wire

SEPTEMBER 22, 2022

Existing home sales have more legs to go lower, especially now that new listing data is falling. A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. million in August.”

Inventory 482

Inventory Housing Market New Listings Mortgage 482

Housing Wire

DECEMBER 7, 2022

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. One issue that has created a waterfall dive in purchase application data and sales is that new listing data is declining faster than usual. Mortgage rates went from a low of 2.5%

Housing Market 544

Housing Market Mortgage Marketing Inventory 544

Housing Wire

OCTOBER 11, 2022

This means the housing boom period of 2002-2005 had major credit tightening, which won’t happen this time around when the next recession hits. We’ve seen a massive price and payment inflation event with pricing still rising and the biggest mortgage rate increase in a single year in recent modern-day history.

Sellers 514

Sellers Inventory Housing Market New Listings 514

Will Springer Realtor

OCTOBER 11, 2022

We are now seeing “7s” in front of some rates to new mortgage consumers – a figure not seen since April 2002 – causing applications for new loans to hit a 25-year low this month. ( Counties in and near Chicago and New York City were seen as the most vulnerable to today’s economic headwinds. List: $3.2M ($703/sq.

Housing Market 36

Housing Market Marketing Real Estate Buyers 36