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Rising inventory is the most positive housing market story in 2024

Housing Wire

The most positive development in the housing market over 2024 has been the increase in active housing inventory , which is approaching the levels seen in 2019. Although those 2019 levels represent a five-decade low before COVID-19, the market was still functioning better than it did from 2020 to 2023.

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Home Insurance Markets Stabilize as 2024 Comes to a Close 

Appraisal Buzz

Matic announced that it has published its annual year-end trends and predictions report, which examines significant developments in the house insurance market and their effects on mortgage lenders and homeowners. In the second half of 2024, premium growth slowed considerably, with average rate increases for new plans being 6.6%

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Mortgage rates drop to another new low for 2024

Housing Wire

On this crazy day with the bond market, mortgage rates dropped to another yearly low after the CPI inflation print. The mortgage spreads are improving in 2024. My 2024 price forecast only had a peak low rate call of 5.75% , so most of the big moves in mortgage rates have already happened.

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Are these the lowest mortgage rates we’ll see in 2024?

Housing Wire

Have we seen the bottom in mortgage rates for 2024 after a crazy roller coaster ride so far this year? My 2024 forecast had a mortgage rate range of 7.25%-5.75%. To get to the lower end of this range, we needed to see two things: the labor market getting softer and the mortgage spreads improving. Yes, here’s how and why.

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Mortgage rates drop to lowest level of 2024

Housing Wire

The average 30-year fixed-rate mortgage dropped to 6.62% on Thursday, a new low for 2024 that appears to be tied to the expectation that the Federal Reserve could move to cut interest rates at its next meeting in September. This is according to data reported by Mortgage News Daily.

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The two big housing market trends to watch in 2025

Housing Wire

All the housing market data for 2024 is in, and its fair to say that the housing market surprised us again! However, there are two big trends that stand out as we launch into 2025 affordability and sellers in the market. In the last few months, the market finally saw some sales growth over the previous year.

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Housing market data positive despite Powell’s Grinch act

Housing Wire

Federal Reserve Chairman Jerome Powell played the Grinch last week for the housing market, sending mortgage rates higher after his remarks at the Fed presser on Wednesday. Therefore, Id like to conclude that 2024 ended the year slightly positively. Chairman Powell’s statements created a ripple effect in the market.