The Case for Sub-5% Mortgage Rates by 2023
While mortgage rates have a good chance of getting worse before they get better, hope might be on the horizon. The long and the short… Read More »The Case for Sub-5% Mortgage Rates by 2023
Housing Market
Commentary on the latest housing market news, with a focus on home prices, buying and selling conditions, and if another housing crash is right around the corner.
Hint: It probably isn’t for a while, at least with regard to home prices. Though you could argue there’s a major affordability crisis at the moment.
In short, a lack of for-sale supply continues to plague the housing market.
This absence of inventory has resulted in record high home prices, despite a surge in mortgage rates from the 2-3% range to 7% and higher.
And it’s probably hurting first-time home buyers the most, whether it’s an affordability issue or the inability to find a property.
At the same time, home sellers remain in a good spot due to this lack of supply and still relatively strong demand.
The problem for them might be finding a suitable replacement property.
Buy a House Before Mortgage Rates Come Back Down?
There is a plausible scenario where mortgage rates continue higher for a short period and then eventually correct. Possibly as soon as next year. At… Read More »Buy a House Before Mortgage Rates Come Back Down?
The Truth About Falling Home Prices
Real estate doom and gloom articles are going to ramp up big time in coming months, if they haven’t already. You’re going to hear that… Read More »The Truth About Falling Home Prices
Crowdfunded Zero Down Mortgage Launched as Housing Market Peaks
A credit union out of Cheyenne, Wyoming has launched a crowdfunded, zero down mortgage loan for its customers. It comes at a time when still… Read More »Crowdfunded Zero Down Mortgage Launched as Housing Market Peaks
Why Homeowners Aren’t Selling
With all the talk of a housing market crash, there’s not a lot of data to support it. Sure, home price gains have moderated significantly… Read More »Why Homeowners Aren’t Selling
Housing Crash Imminent? The National LTV Is Below 30%
The topic du jour lately has been a housing market on the edge of disaster. But no one can quite agree whether it’s an affordability… Read More »Housing Crash Imminent? The National LTV Is Below 30%
4.5% Mortgage Rates in 2023? That’s the Latest Estimate from Fannie Mae
Might 2023 be good to mortgage rates? If you believe the latest Housing Forecast from Fannie Mae, then yes. Most everyone knows 2022 has wreaked… Read More »4.5% Mortgage Rates in 2023? That’s the Latest Estimate from Fannie Mae
A Severe Housing Downturn Is Now Possible
Sound the alarm. A severe housing downturn may now be in the cards in the United States. That is, if you believe the latest commentary… Read More »A Severe Housing Downturn Is Now Possible
Why Is the Housing Market Cooling? And Should We Worry About a Bubble Bursting?
The housing market is cooling. There’s really no debate. Things are slowing down. You can mostly thank a doubling in mortgage rates and high home… Read More »Why Is the Housing Market Cooling? And Should We Worry About a Bubble Bursting?
What Is a Housing Correction? And Are We In One Now?
Lately, I’ve been hearing a lot about a “housing correction,” which at first glance looks and sounds kind of bad. Not as bad as say… Read More »What Is a Housing Correction? And Are We In One Now?