Remove 2013 Remove Construction Remove Housing Market
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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. From 2013 to 2022 I forecasted price growth every year.

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Beware of gloom and doom housing market crash headlines

Housing Wire

I’m talking about housing market crash headlines. The housing data has been wild this year. These dramatic peaks and valleys in the data have fed the demons of greed and fear that infest the minds our extreme housing bulls and the fierce housing market bears – leading to equally wild speculations about the future of U.S.

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The Week Ahead: Measuring Housing Market Dynamics

Appraisal Buzz

While the nation’s housing market remains tight, sales are tracking well below housing demand, and rental and homeowner vacancy rates are plummeting to multi-decade lows. residential housing economy, which represents approximately 17% of the nation’s Gross Domestic Product (GDP). He began his career at T.

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New home sales make it clear: Housing is in a recession

Housing Wire

This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. Since the summer of 2020, I have genuinely believed the housing market could change once the 10-year yield broke over 1.94%. In response, they stalled construction for 30 months.

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September single-family housing starts reached highest level since 2007

Housing Wire

In contrast, multifamily starts fell 16.4%, to one of the slowest monthly paces since 2013, not including this past April.” “The housing market is being constrained by the lack of inventory, with both new and existing homes being sold faster than new listings are arriving.”. .” . “The former rose 8.5%

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Fewer housing permits equate to further inventory, affordability challenges

Housing Wire

Bureau of Labor Statistics from 2013 to 2023. Fewer homes under construction and falling permits mean dwindling options for future buyers, adding more pressure to a market already strained by tight supply,” Point2 said. The findings are based on historic data from the U.S. Census Bureau and the U.S.

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New home sales are at risk with rising mortgage rates ?

Housing Wire

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. 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.

Mortgage 505