Housing Wire
DECEMBER 29, 2022
There are similarities and significant differences between the housing recession we’ve seen this year versus 2008, and looking at specific factors in both timeframes gives us an idea of what to expect in 2023. Let’s look at the recessionary factors we see now versus 2008. First, we must define what we mean by recession.
Housing Wire
FEBRUARY 8, 2024
housing credit looks very different than in 2005, 2006, 2007 or 2008. Bankruptcies and foreclosures After 2010, the qualified mortgage laws came into play and all the exotic loan debt structures in the system, especially in the run-up in demand from 2002 to 2005, disappeared. The truth is, U.S.
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Housing Wire
NOVEMBER 9, 2022
Purchase application data is now below 2008 levels! 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. Post-2012, whenever mortgage rates rise, existing home sales always trend below 5 million. That happened in March of this year.
Housing Wire
AUGUST 3, 2021
When you hear people say that the current housing market is like 2008 all over again, you may want to remind them of the huge differences between this market and that one. Quite the opposite: In that cycle we had the weakest housing recovery ever, even with the lowest mortgage rates during the longest economic expansion ever.
Housing Wire
JULY 24, 2024
The lofty home prices we’ve seen in recent months have some comparing aspects of today with those foreshadowing the housing bubble that preceded the 2008 market crash and, ultimately, what has come to be known as the Great Recession. The aftermath of the 2008 crisis led to significant attrition among real estate agents.
Housing Wire
AUGUST 17, 2023
Mortgage rates continued to climb this week as U.S. bond yields hit their highest level since 2008. Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.09% as of August 17, up from last week’s 6.96%.
Housing Wire
JANUARY 25, 2023
This, in turn, will lead to risks of higher delinquencies for mortgages originated last year or late 2021, according to the company. The expected declines in these markets are not far from what occurred during the 2008 housing crash, when home prices in the U.S. Mortgage rates will also stay higher for longer than investors expected.
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