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Buyers and sellers agree: it’s a good time to enter the housing market

Housing Wire

While the state of the market shines brightly for prospective buyers and sellers, the economy overall is showing some slight hesitation. The post Buyers and sellers agree: it’s a good time to enter the housing market appeared first on HousingWire. But that does still leave an estimated 11.1 million Americans unemployed.

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How 7% mortgage rates will change housing for a decade

Housing Wire

Heading into the 2025 housing market, we havent had this many homeowners with mortgage rates over 6% since 2016. 2016 ended with 14% less available inventory than the year before. Thats a lot more would-be home sellers when the time comes. But each year with higher rates means more willing home sellers.

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The housing market is now savagely unhealthy

Housing Wire

My concern now is that some sellers are feeling stressed about this market, which should never happen because this is the best seller market ever. However, a seller is also a natural homebuyer, unless they’re an investor. You can see why some sellers are stressed now. People who sell need to live somewhere.

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PHH hires Andy Peach to lead correspondent channel

Housing Wire

PHH relaunched its correspondent lending business in 2019 after backing out in 2016, citing subpar profitability and it’s intentions to reduce its investment in mortgage-servicing rights portfolio. It also nearly tripled its seller base at the end of 2020, compared to the prior year, and continues to add new correspondent sellers.

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Credit data shows: There’s no housing crash coming

Housing Wire

We had multiple refinancing waves in 2012, 2016, 2020 and 2021. We had a lot of stressed sellers back then! New listings data this week: 2024: 48,863 2009: 274,614 2010: 359,534 2011: 315,915 These credit-stressed sellers did not turn around and buy another home, so they created years of elevated distress supply in the marketplace.

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Is housing inventory growth really slowing down?

Housing Wire

If you really want to see inventory grow to 2019, 2016, 2014 or even 2012 levels, you need a healthy amount of new listing growth each year. We aren’t talking forced sellers, foreclosures or even short sellers. For now, this is due to a lack of new sellers rather than demand picking up.

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Howard Hanna acquires New York brokerage Rand Realty

Housing Wire

The acquisition will make Howard Hanna Real Estate Services the largest home-seller in New York, Pennsylvania, North Carolina and South Carolina, Howard “Hoddy” Hanna III, chairman of Howard Hanna Real Estate Services, told the Pittsburgh Post-Gazette. “Our

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