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Mortgage rates head lower, helped by better mortgage spreads

Housing Wire

The seasonal decline period is starting soon, so we should get accustomed to seeing a decline in new listing data as the year heads toward its end. It is a bit shocking to me that new listings this week are lower than even last year: This is the lowest new listing week ever recorded.

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Are mortgage rates about to fall?

Housing Wire

Here’s the new listings data for last week over the last several years: 2024: 68,843 2023: 61,911 2022: 73,107 Price-cut percentage In an average year, one-third of all homes take a price cut — this is standard housing activity. This is a significant shift, considering 2023 marked the lowest level ever recorded.

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Housing Market Tracker: Purchase apps surprise

Housing Wire

Active housing inventory grew while new listing data fell. New listings data is another big story with housing inventory. Since the second half of 2022, it has been trending at all-time lows This trend has continued all year long, so we have limited new housing to work with.

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Logan Mohtashami’s 2023 housing market forecast

Housing Wire

In the previous expansion, starting in 2015, I had the same bond forecast every year of 1.60%-3% on the 10-year yield, which roughly means mortgage rates in the 3.50%-4.75% range. However, weeks after that call, the new listing data started to decline noticeably, which makes that call much harder to happen in 2023. We are at 8.6

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Will Springer Realtor - Untitled Article

Will Springer Realtor

The number of new listings for all home types – single-family, townhomes and condos combined – in King (887) fell 47% from November and declined 36% from December 2021. The construction crane was recently removed from the 8 th Avenue and Columbia Street location and interiors are being filled out with high-quality finishes.

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HOUSING ‘TRIFECT’ PUTTING SQUEEZE ON BUYERS

Will Springer Realtor

Others are specializing in the design and construction of accessory dwelling units (ADUs) as detached backyard homes (also known as “ mother-in-laws ”). The national trend for new construction, however, is generally moving in the opposite direction. In the 1990s, one-third of new homes were smaller than 1800 sq.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. An annual survey released this month by the Federal Reserve Bank of New York said renters put the probability of ever owning a home at 40%, down from 44% last year.

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