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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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Has spring housing demand already started?

Housing Wire

Mortgage spreads If mortgage spreads did not improve in 2024, we would have already lost some construction workers due to rising rates. It’s important to remember that most sellers are also buyers and the last two years presented the lowest new listings data in history. Weekly inventory change (Dec.

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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 demand resilient even with higher mortgage rates

Housing Wire

If spreads had remained as unfavorable as last year, we would likely see fewer housing permits and starts, and we might have faced a loss of residential construction jobs in certain parts of the U.S. Despite the recent increase in the 10-year yield, mortgage rates have performed better than in the past because the spreads have not worsened.

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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.