Remove 2021 Remove Construction Remove New Listings
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Logan Mohtashami’s 2024 housing market and rate forecast

Housing Wire

If I am wrong and mortgage rates go lower for longer and we don’t get more new listings in 2024, then home prices can grow faster in 2024 because we will have the same issue as before: too many people chasing too few homes. We haven’t had new listings data break over 90,000 in the peak seasons of 2021, 2022 or 2023.

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The housing market is losing steam

Housing Wire

This has dampened new home sales and quickened home-price growth.” ” Mark Palim, deputy chief economist at Fannie Mae , said anecdotal reports of builders delaying or turning down orders to clear a growing construction backlog appears to be borne out by the recent housing starts data. percent,” Palim said Tuesday.

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Fannie Mae cuts origination forecast for 2022

Housing Wire

Fannie Mae dropped its projected origination volume for 2021 to $4.33 GDP growth rate for 2021, while July had a 7.0% The government sponsored enterprise remarked that the “supply of inventory [is] near historical lows and the pace of new listings [is] too low to sustain the current sales pace.”. trillion from the $4.36

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Fannie Mae, and the housing market’s inflation problem

Housing Wire

Another month of steadily increasing home prices and insatiable demand led Fannie Mae ‘s Economic and Strategic Research Group to alter many of its 2021 predictions – in particular, its outlook on the symbiotic relationship between the housing market and inflation measures. Existing home sales pulled back in April by 2.7%

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Mortgage market affordability and inventory challenges

Housing Wire

In Portland, Oregon, for example, one loan officer noted that new listings doubled in the second half of May from 800 to 1,900 new listings. In Seattle, Dan Keller reported 47% of all listings had price reductions. Slow construction and restrictive zoning laws. Institutional Investors.

Inventory 418
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Higher rates flip the homebuilders’ fortunes (again)

Housing Wire

months of the supply is active listings, 68K 5 months of the supply is still under construction, 280K 1.6 When we look at active listings today, we are still at 980,000, near all-time lows, even with the recent massive hit to demand. To get more inventory you need more Americans to list their homes. When supply is 4.3

Inventory 501
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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.