2009 Contracts Housing Market 
Housing Wire
JULY 3, 2024
Today’s housing market suffers from affordability issues due to mortgage rates in the 7s and high home prices. People are quick to panic over any part of the housing market that looks stressed, fearing we’ll see 2008 levels of destruction all over again. Why choose 2011?
Housing Wire
APRIL 27, 2022
Mortgage rates are now firmly above the 5% mark , at the highest level since 2009, depressing both purchase and refinance applications. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $647,200) increased to 5.37% from 5.20%. Interest in residential mortgage loans fell 8.3%
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Housing Wire
JUNE 29, 2024
The numbers speak for themselves and if anyone you know has been saying housing looks like 2008 for the past 10 years, I will tell you that the person doesn’t read. 2009 281,734 2010 345,146 2011 396,955 2012 318,041 Weekly housing inventory data I am almost ready to give an A grade for inventory this year.
Housing Wire
AUGUST 1, 2023
The median price of the homes in contract is $385,000. There are now 376,000 single-family homes in contract. Maybe by Q4, we’ll have more homes in contract than there were at the end of 2022. When you look at just the new sales each week, you can see how the pace of the market has recovered. In 2022 there were 418,000.
Housing Wire
AUGUST 24, 2023
“In order to achieve a soft landing, economic growth will have to slow to a rate that is below trend for some time in order for the unemployment rate to rise sufficiently to cause wage growth to slow consistent with a 2% inflation target over the long term, but not so slow that the economy falls into a contraction,” the ESR group said.
Housing Wire
DECEMBER 20, 2021
To help the most vulnerable population, Tara Roche, research manager for the Pew Charitable Trust , said that HAF will be available to those who are using alternative financing, such as land contracts (agreements directly between sellers and buyers) and loans secured by manufactured homes. The program prevented $8.3
Housing Wire
APRIL 14, 2022
Participants also generally agreed that the caps could be phased in over a period of three months or modestly longer if market conditions warrant.”. When new MBS runoff-replacement contraction program will begin is not clear at this point. in 2009 to 1.9% The FOMC’s next meeting is in early May.
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