Impac Mortgage Holdings (IMH)

[dpsimswm]

Overall, the rumor that the housing market is going to be destroyed by higher rates is definitely hyperbole.

Here's some facts:
Active home listings are up 26% year over year, but still 42.6% lower than prepandemic.
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Pending home listings are not rebounding.


Add in the unavailable rental housing and you have a complete lack of supply.

Rental vacancies continue to decline.


Bottom line: Mortgages will remain secured by high quality property that doesn't lose value.