Lower mortgage rates are stabilizing the housing market Dec. 07th 2022
Bond yields and mortgage rates have been falling since the weaker inflation data was released. We're on the verge of rates dropping below 6%.
Builders pull back on single-family construction in most counties Dec. 06th 2022
Single-family building in large metro outlying counties and exurban areas has waned in the last 12 months, according to the NAHB HBGI for the third quarter of 2022.
Dave Stevens on understanding this housing market Dec. 05th 2022
Dave Stevens discusses the psychology of this housing market and five things loan originators need to remember if they want to succeed now.
Is the market pivoting ahead of the Fed? Dec. 02nd 2022
Today’s job report and the bond market reaction to it could be an inflection point where the market gets ahead of the Fed.
Pending home sales are down 37% from last year Nov. 30th 2022
This is the fifth consecutive month of of month-over-month declines, and pending home sales have now fallen in 11 of the last 12 months.
Home price appreciation continues to slow Nov. 29th 2022
As interest rates continued to climb in September, home buyer demand waned, further slowing the rate of home price growth.
Here’s why new home sales are up along with prices Nov. 23rd 2022
We have 61,000 new homes completed for sale, amounting to 1.2 months of the supply, and 298,000 new homes are still under construction.
New home sales continued to yo-yo in October Nov. 23rd 2022
Despite October's nationwide uptick in new home sales, homebuilder confidence continues to slide, hitting its lowest level since June 2012 in November.
Days on market grow despite low inventory for existing homes Nov. 18th 2022
Total housing inventory fell in this report, the third report in a row that shows total inventory has decreased.
Even with falling rates, the housing market is shaping up to be bad in Q4 Nov. 18th 2022
Existing home sales in October were down 28.4% year over year, the largest year over year existing home sales decrease since 2007.