Housing Wire

JUNE 18, 2023

This dynamic changed the housing market from one where home sales were crashing to one that is now stabilized. As you can see in the chart below, the collapse of the purchase application data has stalled out, and if this didn’t happen, we would be having a different conversation about the housing market today.

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Housing Wire

MAY 14, 2023

The rise of active listings in this spring housing market reminds me of a zombie slowly rising from its grave. Yes, we found the seasonal bottom for housing inventory on April 14, but this year’s rise in active listings has been tepid at best. Can you imagine the housing market at that point?

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Housing Wire

JANUARY 2, 2023

The housing market has been wild the last few years, making weekly data more critical. This is why I’ve created the Housing Market Tracker — a weekly analysis of purchase apps, housing inventory and mortgage rates that will be published every Monday. The 10-year yield shows where mortgage rates will go.

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Housing Wire

DECEMBER 28, 2020

From this stronghold I have been able to see past the chaos and view the economy and the future of the housing market through the lens of my core economic principles. entered into a period of the best demographics for housing ever recorded. Here’s what I think that means for the 2021 housing market.

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Housing Wire

JANUARY 5, 2023

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 recession. That would be a positive for demand.

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Housing Wire

APRIL 27, 2024

This isn’t saying too much since 2023 had the lowest recorded level of new listings ever, but it’s still a plus in my book.

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Housing Wire

APRIL 16, 2023

2021: 66,836 2022: 67,567 2023: 49,045 Compare our current new listing data to weekly new listing data in previous years when we had a more normal housing market: 2015: 94,470 2016: 86,608 2017: 78,886 The NAR data going back decades shows how difficult it’s been to get back to anything normal on the active listing side.

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Housing Wire

MAY 7, 2023

2017 99,880 2016 88,105 2015 94,101 As you can see in the chart below, new listing data is very seasonal; we don’t have much time to get some more growth here. Even though the labor market is currently showing signs of getting softer , there is no job-loss recession yet. The total NAR inventory is still 980,000.

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Housing Wire

MARCH 8, 2023

It is no secret that the housing market is suffering from an ongoing inventory drought. Existing housing inventory fell by 11,021 homes week over week for the week ending March 6, according to data from Altos Research. At the end of 2022, multifamily housing starts represented 35.1% However, an average of 94.5%

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Housing Wire

JULY 2, 2023

We have often discussed that the housing market dynamics changed starting Nov. This is one data line I will track like a hawk because it will be a negative for the housing market if this data line makes a noticeable year-over-year decline trend in the second half of 2023.

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Housing Wire

APRIL 9, 2023

The housing market welcomed the news of lower mortgage rates last week after four reports showed that the labor market isn’t as tight as it seems and that the fear of 1970s-entrenched inflation was a lousy narrative. Current housing Inventory is still not suitable for a healthy housing market.

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Housing Wire

NOVEMBER 15, 2021

The positive performance of the HECM book of business is largely attributed to the levels of house price appreciation that the U.S. housing market has seen recently. The post 2021 MMI Report: Reverse mortgage portfolio hits positive territory for first time since 2015 appeared first on HousingWire.

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Housing Wire

MARCH 26, 2023

The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. In a regular market, they would be closer to 5.25%.

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Housing Wire

MARCH 6, 2023

The housing market faced some serious obstacles last week as the 10-year yield broke over 4%, mortgage rates rose to over 7%, purchase apps fell again and we are still trying to find the elusive seasonal bottom for housing inventory. The week ahead We have some big things happening in housing market data this week!

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Housing Wire

APRIL 3, 2023

Last week was relatively calm for the housing market after the fiasco of the banking crisis. Housing demand grew and inventory levels fell again while mortgage rates rose. Purchase application data One of the most improved housing market data lines since Nov. Mortgage rates rose to 6.57%.

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Housing Wire

FEBRUARY 27, 2023

We created the weekly Housing Market Tracker because housing data has been so wild since 2020. The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. Weekly inventory change (Feb. million to reach 2019 levels.

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Housing Wire

JULY 16, 2023

The week ahead: Housing report s The week ahead has a host of housing reports: the builder’s confidence index, housing starts, and the existing home sales report will give us a dose of what is happening with the national housing market.

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Housing Wire

JULY 30, 2023

With the 10-year yield close to 4%, it will be a critical week for the bond market. If the labor data shows wage growth cooling down and being less tight, that can be very helpful for the bond market to head lower and drive down mortgage rates.

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Housing Wire

JUNE 25, 2023

More importantly, it showed that the days on market dropped back to the teenager level, which means we are once again in a savagely unhealthy housing market. Nothing good is happening in housing when days on market are so low. Also, NAR updated its inventory report showing a year-over-year decline in inventory.

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Housing Wire

OCTOBER 20, 2022

Real estate investors purchasing distressed properties at foreclosure auction have been telegraphing a possible housing market slowdown for the last six months. A deeper dive into foreclosure buyer behavior shows which markets are most likely to see a home price correction in the next six months.

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Housing Wire

JUNE 4, 2023

the chart below shows the clear trend, which is why tracking inventory with rates higher now will be critical to see if there is any way to stop this reality.

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Housing Wire

MARCH 16, 2024

Last year, II picked up on the trend that new listing data was creating a historical bottom as the data line wasn’t heading lower with higher rates.

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Housing Wire

MARCH 19, 2023

The housing market was crazy again last week. Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? However, you don’t need to be a rocket scientist or have a Ph.D.

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Housing Wire

JULY 23, 2023

Weekly inventory change (July 14-July 21): Inventory rose from 470,458 to 479,273 Same week last year (July 15-July 22): Inventory rose from 508,633 to 525,548 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 so far is 479,273 For context, active listings for this week in 2015 were 1,202,909 As you can see below, the slope of the (..)

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Housing Wire

MARCH 12, 2023

Last week was wild, and not just for the housing market. Weekly inventory change (March 3 – March 10): Fell from 418,736 to 412,535 Same week last year: (March 4 – March 11): Rose from 240,194 to 247,320 To give you some perspective, active listings during this week in 2015 were 960,231, rising steadily from earlier.

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Appraisal Buzz

NOVEMBER 14, 2024

housing market.” Stowell has held various roles at Standard Pacific Homes from 1986-2015, advancing through the company to serve as CEO beginning in 2012. in 2015, the result of the merger of Standard Pacific Homes and the Ryland Group, Stowell served as the Executive Chairman of CalAtlantic Group Inc.

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Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. Our previous best year for HELOCs was 2015, and that was about $320 million,” he added.

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Housing Wire

MARCH 5, 2024

Most home sellers are buyers of homes, so the action we are seeing this year is a healthy step in the right direction to get more balance in the housing market ,” Mohtashami wrote on Saturday. For context, active listings during the same time frame in 2015 were substantially higher at 958,304. Between Feb.

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Mortgage Inventory Investors Sellers 477

Housing Wire

JUNE 6, 2022

At CoreLogic, Nothaft headed the office of the economist, providing analysis, commentary and forecasting trends in global real estate, insurance and mortgage markets. Prior to joining CoreLogic in 2015, Nothaft had a nearly 30-year career at Freddie Mac, where he was most recently the chief economist. Henry Wallich.

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Housing Wire

AUGUST 4, 2024

Weekly housing inventory data The best story in 2024 has been inventory growth. We can’t have a functional housing market with the inventory levels we saw from 2020-2023. This year we’ve gotten enough inventory growth to create a buffer so we don’t have another savagely unhealthy housing market when mortgage rates fall.

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Housing Wire

DECEMBER 30, 2023

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housing market and which factors to follow.

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Housing Wire

SEPTEMBER 16, 2023

9): Inventory rose from 547,222 to 552,042 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 so far is 518,626 For context, active listings for this week in 2015 were 1,201,196 One of the data lines I will incorporate weekly going forward is the price cut percentage.

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Appraisal Buzz

JULY 16, 2024

Updating a survey that was previously conducted in 2015, 2018, and 2023, Fannie Mae released the results of a consumer survey that uncovered opportunities to close knowledge gaps around mortgage qualifications and underscored the need to continue to improve education around the mortgage buying process.

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Housing Wire

NOVEMBER 5, 2024

million additional renter households and marks the second-fastest yearly pace of growth since 2015. This rate of growth is three times faster than the 0.9% increase in homeowner households, which now total 86.9 Notably, the 2.7% increase represents 1.18 The median asking rent was up 0.6%

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Housing Wire

MAY 31, 2024

However, by 2015, institutional investors collectively owned an estimated 170,000-300,000 homes. While initially relying on bulk purchases, institutional investors eventually shifted more toward smaller-scale purchases, merging with smaller investors or investing in the construction of single-family homes to eventually rent them out.

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Housing Wire

JANUARY 9, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business.

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Housing Wire

OCTOBER 21, 2023

Weekly housing inventory data One of my concerns with higher rates has been whether new listings data would take another leg lower, which wouldn’t be a good thing for the housing market. If the Fed wants to create a job-loss recession, attacking the housing market a second time looks like their target.

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