Home prices aren’t crashing, despite what the housing bubble boys are saying. In fact, home prices have firmed up higher recently. The housing bubble boys are a crew that from 2012 to 2019 screamed housing crash every year. They went all in during COVID-19 in 2020, doubled down in 2021 as the forbearance crash bros…
Is this a glimpse of the future in the Southwest? Arizona condition officials declared very last 7 days that there is not more than enough groundwater for all of the building that has currently been accepted in the Phoenix location. The condition paused approving new housing subdivisions in the Phoenix space that would have relied…
Following the latest extraordinary present of power defending changes to LLPAs by federal regulators and their good friends, the forest through the trees chance stays in target to me. Just one of the good worries I have, as each a former regulator and the former head of a main business trade association, is the draw…
Read More “Opinion: Release the GSEs from conservatorship” »
Last week we saw a noticeable slowdown in housing inventory growth that I hope has more to do with a holiday week than a trend. Mortgage rates fell last week after the debt ceiling issues were resolved, but the damage from higher rates took its toll on purchase application data again. Here’s a quick rundown…
Read More “Housing Market Tracker: Holiday impacts inventory” »
Right now, we stand at 156,105,000, so I assume we are nonetheless in make-up method until eventually we achieve a assortment satisfactory to a rapid economic recovery. Which is why the work information has beaten expectations 14 months in a row. What the U.S. has that other international locations really don’t is a massive youthful…
Read More “Jobs data shows the truth about the labor market” »
Brena Nath, Director of HW+ and Gatherings TO Estimate BON JOVI, “Whoa, we’re midway there!” The very last 6 months in the housing current market ended up difficult. 2023 has been a 12 months that commenced off with some renewed optimism many thanks to an uptick in housing action but speedily took a switch as…
Tracey Velt, senior director of details and written content It is formal, there is a new sheriff in town and his identify is Glenn Sanford, founder of eXp Holdings and CEO of eXp Realty. The business moved from quantity three to amount one particular by transaction sides in the 2023 RealTrends 500 rankings, based mostly…
Read More “HousingWire Magazine: RealTrends 500 Supplement” »
On Tuesday the FHFA Home Value Index strike an all-time significant. In this post I’ll clarify why this is occurring and why we still have a savagely unhealthy housing market place. The swift takeaway below is that total active listings in the U.S. are nonetheless close to all-time lows and the demand has stabilized. If…
Debt-ceiling drama pushed bond yields up last week, taking mortgage rates to a new 2023 high in the middle of the spring home-selling season. Active housing inventory, thankfully, saw some decent growth last week. Purchase application data had a second straight week of declines. Here’s a quick rundown of the last week: Active inventory grew…
Read More “Housing Market Tracker: Mortgage rates over 7%” »
When FEMA produced its Chance Rating 2. methodology in Oct 2021, thousands of home owners in reduced-elevation coastal places of the United States braced for federal flood insurance hikes. Not too long ago released information from the company displays that yearly flood insurance rates will at some point double or even triple for homeowners in…
Read More “DataDigest: In the nation’s hottest housing market, flood insurance premiums soar” »
