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New Mortgage Monitor Report: Sellers “Pull Back,” Will Rate Cuts Change That?
Episode 356
Is this a housing market correction or a crash? Dave Meyer and ICE’s Andy Walden unpack the Mortgage Monitor: nominal home prices are up about 1.1% year over year, but real housing prices are negative; sellers are stepping back, inventory gains are cooling, and demand still tracks mortgage rates and interest rates, which points to a soft but functioning housing market. You’ll hear the regional story in Denver, Florida, and Texas, why FHA delinquencies are inching up while 2020 to 2021 loans perform well, and how soaring property insurance is squeezing affordability and debt to income ratios. Plus, a housing market prediction/forecast: if mortgage rates land in the low sixes (around 6.25% by year end), expect firmer home prices rather than a COVID era surge.
Links from the Show
Join the Future of Real Estate Investing with Fundrise
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Find Investor-Friendly Lenders
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-356
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Published on 1 week ago