6 Reasons Why Q4 Was The Bottom

CHICAGO

6 Reasons Why Q4 Was The Bottom

6 Reasons Why We Believe Q4 Was The Bottom

 

1. 25% increase in weekly mortgage applications.
 
2. Mortgage rates continue to move down to a 4-month low.
 
3. Increase in buyer interest, open house traffic, and offers.
 
4. In the last quarter of 2022, 42% of sellers were giving concessions to buyers at the closing table, a 10-year high.
 
5. Home builder sentiment improved for the first time in 1 year.
 
6. Pending closings were down 30+% at points in the fall but over the last few weeks, we have seen pending listings in most of our markets nearly flat year over year.
 
 
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