pending home sales
Goldman Sachs forecasts home prices to jump 16% in 2022
The housing market is on fire, with home prices up 20% today compared to one year ago. But if you thought that the market couldnât get any hotter, and that things might start to cool off soon, think again, as analysts believe there are yet more home price gains in store for 2022. Goldman Sachs […]
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Latest Home Sales Data Adds to Case For a Bounce
For those in the housing and mortgage market, there’s certainly been a shift in the tone over the past few weeks. I can’t speak for everyone in that market, but in daily conversations with mortgage originators, the topic of an uptick in home sales is coming up for the first time in quite a while. To be clear, I don’t think anyone thinks that we’re experiencing some massive reversal of fortune. We’re not quickly going back to near-all-time high sales pace seen at times during 2020 and 2021. Rather, the hope is that we’re finally seeing an end to a fairly depressing slide that took sales levels to near-all-time lows. The just-released Pending Home Sales data from the National Association of Realtors is the latest in a small collection of data that quantifies the potential shift. In this case, words are probably worth more than pictures because we can say things like “pending home sales moved up at the fastest pace since October 2021.” The chart may be a bit anticlimactic by comparison, but it’s better than a sharp stick in the eye. âThis recent low point in home sales activity is likely over,â said NAR Chief Economist Lawrence Yun. âMortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market.â
Pending home sales rise for the first time since May 2022
Contract signings rose 2.5% nationwide in December, the first gain in six months, but pending home sales are 33.8% lower than a year ago.
Housing Market Tracker: Purchase apps jump 25%
Last week’s housing market data provided mixed news, but the year-over-year purchase app numbers were the big story.
Can This Real Estate Disruptor Recover From Its 95% Plunge in … – The Motley Fool
Can This Real Estate Disruptor Recover From Its 95% Plunge in … The Motley Fool
Inventory needs to increase to balance housing market: Fed Beige Book
Available home inventory has remained low since the previous Federal Reserve Beige Book report, as many sellers have decided not to list.
Sell Bed Bath & Beyond On Q3 Earnings, Consider Buying Wayfair … – Seeking Alpha
Sell Bed Bath & Beyond On Q3 Earnings, Consider Buying Wayfair … Seeking Alpha
Pending home sales fall 38% in November
After mortgage rates rose to some of their highest levels in decades in October, November pending home sales took a hit.
Comparing this housing market recession to 2008
The housing market recession we’ve seen this year is significantly different than 2008. Here’s what you should pay attention to.