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  • Savage: Even with sales down, home prices up 10.8% ´┐╝ Aug. 18th 2022
    Even with the significant decline in sales since January of 2022, the median sales price is up 10.8% year over year. The post Savage: Even with sales down, home prices up 10.8% ´┐╝ appeared first on HousingWire.

  • Homebuilders are done until mortgage rates fall Aug. 16th 2022
    Tuesday's housing starts report shows that homebuilders are done with single-family construction until mortgage rates fall. The post Homebuilders are done until mortgage rates fall appeared first on HousingWire.

  • Is housing inventory growth really slowing down? Aug. 11th 2022
    The problem with new listings declining now is what will happen if mortgage rates make a solid push lower. The post Is housing inventory growth really slowing down? appeared first on HousingWire.

  • Home purchase sentiment hits lowest level in over a decade Aug. 08th 2022
    Fannie Mae’s Home Purchase Sentiment Index fell two points in July to 62.8, its lowest reading since 2011. Year over year the index is down 13 points. The post Home purchase sentiment hits lowest level in over a decade appeared first on HousingWire.

  • Sixth recession red flag raised, despite strong jobs report Aug. 05th 2022
    On the same day, the BLS revealed that we've recovered all the jobs lost to COVID-19 and I am raising my sixth recession red flag. The post Sixth recession red flag raised, despite strong jobs report appeared first on HousingWire.

  • Single-family rental market shows little sign of cooling  Aug. 02nd 2022
    Even as rising interest rates and housing prices have put homeownership further out of the reach of many individuals and families, demand for single-family rental properties remains strong and monthly rents robust. The post Single-family rental market shows little sign of cooling  appeared first on HousingWire.

  • Housing inventory nationwide rises for the first time in years Jul. 29th 2022
    Fast-rising home prices and interest rates coupled with a slipping economy helped to cool the nation’s housing market in June leading to a nearly 2% increase in the number of homes on the market. The post Housing inventory nationwide rises for the first time in years appeared first on HousingWire.

  • Pennymac Financial cuts another 32 jobs in California Jul. 28th 2022
    Pennymac Financial laid off another 32 employees, all based in California, ahead of its Aug. 2 earnings call. The post Pennymac Financial cuts another 32 jobs in California appeared first on HousingWire.

  • Fed’s interest rate hike to create less competition in the housing market  Jul. 28th 2022
    Even as breaking news alerts about the Fed's move were pinging cellphones across the country, industry insiders were already looking ahead. The post Fed’s interest rate hike to create less competition in the housing market  appeared first on HousingWire.

  • US economy contracts in Q2, enters “technical recession” Jul. 28th 2022
    GDP in the U.S. decreased 0.9% annually in the second quarter of 2022, technically marking a recession. The slowdown in the U.S. housing market was a major driver of the economic decline. The post US economy contracts in Q2, enters “technical recession” appeared first on HousingWire.