Home price gains slow as mortgage rates rise: Altos
Are last year’s surprising home price gains evaporating? As interest rates climb again, some of the price signals are softening. Inventory is climbing vs. last year, and home prices have stayed flat...
View ArticleAltos: More sellers and price reductions, but fewer homebuyers
Price reductions ticked up this week for the first time since November in the face of rising mortgage rates. Inventory is rising across the country as home-buying affordability takes another hit. The...
View ArticleAltos: Housing inventory could grow 40% this year
Last fall when people were still expecting mortgage rates to be falling this year, it was common to assume rates would be in the low 6s or 5s this year and people asked me if lower rates would bring a...
View ArticleHow this week’s Fed meeting could impact inventory
As we started 2024, the signals in the U.S. real estate market were for inventory growth, sales growth and home-price growth across the U.S. At the time, I observed that even if mortgage rates stayed...
View ArticleInventory is 19% higher than a year ago: Altos
At HousingWire, we have a debate about whether home sellers will freeze up again this year as mortgage rates stay stubbornly high. We’ve had seller growth for 18 weeks in a row. I’ve previously been...
View ArticleSpring forecast: More inventory and rising home sales
Everyone knows it’s been a very dry 18 months for home sales. As mortgage rates rose starting in 2022, payment affordability got dramatically worse and homebuyer demand dried up. At the same time,...
View ArticleWhat will happen to home prices with more inventory?
With the Easter holiday last week, data for housing inventory, new listings and the pace of new contracts started all took a breather from their growth pace. Each of those notched down from a week ago...
View ArticleHigh mortgage rates are fueling strong inventory growth
We saw a big jump in mortgage rates last week. The 30-year fixed rate mortgage, according to the HousingWire Mortgage Rates Center, is now over 7.2% — that’s 50 basis points above where we were at the...
View ArticleWhere are home prices headed this spring?
Last week was a pretty strong week for all the housing numbers. New supply and sales numbers keep climbing — both weekly and over last year. Home prices had a slight increase this week across the...
View ArticlePrices for pending home sales reach record high
After a couple weeks of big jumps for mortgage rates, we’re still seeing relatively surprising strength in the housing market. In fact, some measures of home prices are now at their all-time highs,...
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