Remove 2022 Remove Construction Remove New Listings
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Zillow and Redfin partner on new construction listings

Housing Wire

Zillow Group ‘s new-construction listings will be automatically syndicated to Redfin. The deal between the listing platforms comes as new construction listings form roughly 30% of the housing sales market. New single-family home sales rose 23.8% million lost in Q1 2022.

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To avoid recession, the Fed needs a housing comeback

Housing Wire

One key data line that is flagging a path to recession is the loss of residential construction workers. A while back, HousingWire Editor in Chief Sarah Wheeler and I discussed the risk of recession due to a lack of construction labor. Let’s look at today’s residential construction report and see where we are. From the U.S.

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Mortgage rates head lower, helped by better mortgage spreads

Housing Wire

However, let’s keep an eye out on this story over the next six months because of what late 2022 and 2023 data has shown us: if the mortgage rates fall and we can get at least two to three months’ worth of positive data, it will show up in the future existing home sales report.

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Fannie Mae cuts origination forecast for 2022

Housing Wire

Limited inventory, supply chain disruptions and concerns about inflation have led economists at Fannie Mae to lower their mortgage origination forecasts for the remainder of this year and into 2022. It also downsized its 2022 mortgage origination volume forecast by $55 billion to $3.25 trillion from the $4.36 growth projection.

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What the new home sales report shows about labor market risk

Housing Wire

However, we need to keep an eye on the housing construction data in this report because it has huge implications for the economic cycle, our recession risk and mortgage rates. When single-family permit demand collapsed in 2022 , we still had a healthy backlog of homes that needed to be finished. In this report: 1.9 In this report: 1.9

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Are mortgage rates about to fall?

Housing Wire

But since 2022, the spreads between them have gotten worse, meaning mortgage rates are abnormally higher than they should be. The slope of the curve in 2024 is much slower than we saw in 2022. In 2022, we saw real price declines in the second half of the year as home sales were crashing.

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Logan Mohtashami’s 2024 housing market and rate forecast

Housing Wire

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. To give an example of what I am talking about, from 2008 to 2011, new listings data ran between 250,000 and 400,000 each week, with the peak seasonal data at 370,000 and 400,000. However, by Nov.