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Why industry experts don’t expect mortgage rates to fall

Housing Wire

Despite new language in the Federal Open Market Committee statement that suggested a potential slowdown in curbing inflation, Federal Reserve Chairman Jerome Powell maintained a hawkish tone on raising the federal funds rates during Wednesday’s press conference. million units from 6.18 million in September 2021.

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Fed’s Beige Book offers grim news for housing industry

Housing Wire

The economic standoff between rising inflation and rising interest rates continues to weaken the housing market nationwide, with home sales falling across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book report. Existing-home sales continued to fall slightly.

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The silver lining in the existing home sales report

Housing Wire

year-over-year decline in existing home sales in September and total inventory has now fallen on back-to-back reports. Earlier in the year, I labeled this a savagely unhealthy housing market based on the premise that Inventory would break to all-time lows, creating forced bidding and causing days on the market to collapse.

Sales 287
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Housing market hinges on mortgage rates and supply, not commission structures

Housing Wire

Although there is no doubt that business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement are going to impact how real estate industry professionals operate, economists aren’t too sure they’ll have much bearing on the housing market. “I

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5 Reasons Today’s Housing Market Is Anything but Normal

Keeping Current Matters

Using this definition, here are five housing industry metrics that prove we’re nowhere near normal. Months’ Supply of Inventory (Homes for Sale). According to NAR : “Months’ supply refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.

Marketing 339
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Buyers are being picky — here’s how you can navigate it as a real estate agent

Housing Wire

home sales in nearly 30 years as high mortgage rates frustrate buyers, the market is reshaping real estate once again, placing buyers on the back foot and swinging the pendulum back to favoring sellers. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

Agents 422
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Here’s the key to being an empowered real estate professional in 2022

Housing Wire

What matters for your market (wherever you are) is what patterns are developing near you. new listings, sold listings, days on market, off-market listings?—?will the trends and patterns that are unique to your market and will allow you to?identify?any Agents, one of the biggest factors in property sales is pricing.

MLS 447