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Housing inventory crisis continues in 2022

Housing Wire

This level, while historically still low, will mean the days on market will go higher, and this will give people choices. Here are two charts from the National Association of Realtors that will show that homes simply come off the market too fast to give housing a breather. However, sales shot right back up higher, quickly.

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A San Diego data dive shows a market upended by tight supply

Housing Wire

A sales boom in 2020 and 2021 slashed home listings’ days on market and pushed up home sales’ price per square foot and sale-to-list price ratios. Mortgage data paints a similar picture of the increasing competitiveness of the San Diego market. The number of listings in San Diego fell 50.5%

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The financial strength of US homeowners is a cushion against a downturn

Housing Wire

When analyzing the future of home prices in this country, and the potential for a home-price crash, or distressed sellers flooding the market if/when a recession finally catches up to us, we should look at three variables. Terms: I am upside down on my loan or I have onerous terms. So that leaves us with the mortgage loans (No.

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

Housing Wire

So, say it gets rolled into their mortgage or they have to get another loan to pay it off. That gets rolled into their debt-to-income ratio, which means they look like a riskier buyer, which means their mortgage loan gets priced higher, which means they have an additional disadvantage because the cost of lending goes up for them.

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Xactus targets lenders through active listing data

Housing Wire

Verification solutions provider Xactus wants to court more lenders through its active listing data in a tight housing market. Xactus Wednesday announced its new active listing scan program, which will scan residential addresses for changes in listing status and the average number of days on market for a neighborhood.

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The housing market is now savagely unhealthy

Housing Wire

You can’t have the best housing demographics ever, with the lowest mortgage rates and the best loan profiles with falling inventory for eight years, and not be concerned about this during 2020-2024. One of the critical data lines that I want to see improve this year is days on market. from one year ago.

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Why industry experts don’t expect mortgage rates to fall

Housing Wire

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 7.06% on Wednesday from last week’s 7.16%, according to the Mortgage Bankers Association. . “It is no longer a seller’s market,” said Nick Smith, founder at Rice Park Capital Management.