Remove 2010 Remove Housing Market Remove Inventory
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How housing credit is shaping housing inventory

Housing Wire

Housing credit channels directly impact housing inventory channels. Home prices escalated out of control after 2020 and when we look at why that happened, we can see that housing credit mattered more to inventory data than most people realize. NAR Active Inventory Data, traditionally between 2-2.5

Inventory 518
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Why housing inventory is so low right now

Housing Wire

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. But we have a housing shortage, right? Then we had an 82% crash in new home sales, and the weakest new home sales recovery ever after 2010. Wait, what?

Inventory 514
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The savagely unhealthy housing market is back

Housing Wire

The days on market are back to a teenager level in the existing home sales market, which means I can officially say we are back to a savagely unhealthy housing market! Nothing good happens in the housing market when the days on market are at a teenager level or lower. Unsold inventory sits at a 3.0-month

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Logan Mohtashami’s 2023 housing market forecast

Housing Wire

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Housing Inventory. Home price s.

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Comparing this housing market recession to 2008

Housing Wire

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. A few months ago, I was asked to go on CNBC and talk about why I call this a housing recession and why this year reminds me a lot of 2018, but much worse on the four items above.

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Housing inventory still near record lows

Housing Wire

months’ worth of housing inventory in the U.S. We have a workable range for 2023 sales in the existing home sales market between 4 million and 4.6 NAR: Total housing inventory registered at the end of March was 980,000 units, up 1.0% Unsold inventory sits at a 2.6-month are different post-2010.

Inventory 531
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The savagely unhealthy housing market is now a nightmare

Housing Wire

Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened. Because housing is shelter, people don’t sell their homes to be homeless; it’s where they live.