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Housing Market Recovery Threatened by Mortgage Rate Pop
By Mike Simonsen on October 7, 2024

Home sales and home prices have been improving for several weeks. Unfortunately, this period could be fleeting, because we had strong economic news last week. And ironically a really strong...

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Homes Sales Are Climbing With Lower Mortgage Rates
By Mike Simonsen on September 30, 2024

The rate of home sales is picking up, especially compared to last year at this time. The number of homes in contract across the country has risen for the last few weeks. Purchase mortgage...

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Why Aren't Home Prices Falling?
By Mike Simonsen on September 23, 2024

The U.S. housing market has boomed for years, with economic growth and cheap mortgages driving massive homebuyer demand - and rising prices - for more than a decade.And for years, people...

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More Home Sellers Are Withdrawing Listings
By Mike Simonsen on September 9, 2024

While inventory of unsold homes on the market in each of the two last years headed higher during September and October due to mortgage rate spikes, we’re seeing a more normal seasonal...

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Will Homebuyers Come Back This Fall?
By Mike Simonsen on September 3, 2024

This week the available inventory of homes for sale inched down across the country. It was a lead up to the holiday weekend, so that’s not uncommon. But it is indicative that we’re roughly...

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Inventory Is Now Declining in Key Markets
By Mike Simonsen on August 26, 2024

Unsold inventory in the two biggest housing markets in the country, Texas and Florida, declined this week - there are fewer homes for sale now than a week ago. Inventory seems to have...

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Is Inventory Growth Finally Slowing?
By Mike Simonsen on August 19, 2024

Unsold inventory has been on the rise all year, but there are some signs that inventory growth is slowing as we approach the end of summer with newly-lower mortgage rates.In the years...

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Mortgage Rates Are Down. Do Buyers Care?
By Mike Simonsen on August 12, 2024

Mortgage rates fell two weeks ago, then climbed steadily again last week. Is it enough to motivate any new buyer activity or are we looking at 2025 before home sales finally recover?From a...

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Will Home Buyers Jump at Cheaper Mortgage Rates?
By Mike Simonsen on August 5, 2024

Mortgage rates are dropping fast. Will potential home buyers jump at newly cheaper payments? Or will they wait to see if rates drop further before taking action? Mortgage rates are at the...

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Is the 2024 Housing Market Beyond Saving?
By Mike Simonsen on July 29, 2024

Any sales growth momentum in the real estate market we might have had early in the year is gone. New home sales contracts are coming in pretty consistently fewer than last year - 4.9% fewer...

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