Homebuilders are pushing through inventory backlog
A slowing housing market led homebuilders to pull back, starting just 1.53 million housing units in 2022, down 3% from 2021.
A slowing housing market led homebuilders to pull back, starting just 1.53 million housing units in 2022, down 3% from 2021.
A recent podcast from First American economists discussed the current state of the housing market. The subject was the rebalancing of the housing market, which has been out of whack for a while now. Over the past several years, itâs been decidedly slanted toward home sellers, who have enjoyed bidding wars and above-asking offers. As… Read More »A 1% Decrease in Mortgage Rates Is Worth an 11% Drop in Home Prices
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The Housing Market Tracker shows weekly inventory rose slightly and with mortgage rates falling, more people should list their homes.
The topic du jour lately has been a housing market on the edge of disaster. But no one can quite agree whether itâs an affordability crisis, home price normalization, a housing correction, or an even-worse impending housing crash. The takeaway is that home price gains are cooling, and could in fact begin falling as well,… Read More »Housing Crash Imminent? The National LTV Is Below 30%
The post Housing Crash Imminent? The National LTV Is Below 30% appeared first on The Truth About Mortgage.
New home sales rose by 5.8% in November, beating expectations. But homebuilders aren’t out of the woods.
After mortgage rates rose to some of their highest levels in decades in October, November pending home sales took a hit.