Low inventory a challenge to housing market as rates decline Mar. 30th 2023
Mortgage rates declined for the third consecutive week, sparking hope for a good spring buying season, but low inventory levels continue to be a challenge for the housing market.
February pending home sales disappoint, but maybe we’re turning a corner? Mar. 29th 2023
Pending home sales increased 0.8% from January, but deal volume was still less than is typically seen in the run-up to the spring housing market.
Home-price growth continued to slow to start 2023 Mar. 28th 2023
Home price growth slowed further in January, with prices down 5.1% nationwide from the peak hit in June 2022.
Tech hub housing markets cool as industry turmoil dampens demand Mar. 27th 2023
While bidding wars were common during the pandemic, housing markets in tech centers are cooling more rapidly than other markets in the U.S.
Housing Market Tracker: Mortgage rates and inventory fall together Mar. 26th 2023
If the mortgage market wasn’t so stressed, mortgage rates should be at 5.99% today. In a regular market, they would be closer to 5.25%.
Low housing inventory a win for homebuilders Mar. 23rd 2023
If national housing inventory were back to normal, we would have 2 to 2.5 million active listings of direct competition for homebuilders.
New home sales climb in February for the third straight month Mar. 23rd 2023
New home sales rose yet again in February, jumping 1.1% month over month to seasonally adjusted annual sales pace of 640,000.
Pacific Western Bank gets $1.4B from Atlas after 20% decline in deposits Mar. 22nd 2023
Pacific Western Bank has acted to guarantee more liquidity via private and federal facilities but excluded the possibility of raising capital at this moment, it announced on Wednesday.
The typical down payment is 10% smaller than a year ago Mar. 22nd 2023
In January, the typical U.S. homebuyer used a down payment that was 10% smaller than a year ago to purchase a home.
Mortgage demand rises amid MBS volatility Mar. 22nd 2023
Mortgage rates fell last week, spurring an increase in demand. But a volatile secondary market is causing challenges.