Housing Market Tracker: Inventory is negative YOY
Housing inventory finally broke under 2022 levels last week. To give you an idea how different this year is from last year, last week in 2022, active listings grew 30,940… Read more »
Category: MORTGAGE RATES
Home Sales Attempt to Recover After 2.4% Slide in March
As affordability constraints and lack of inventory remains a struggle for many potential homebuyers, existing-home sales edged lower in March, according to the National Association of Realtors. New data revealed… Read more »
Record apartment supply is good for mortgage rates
What is the best news for mortgage rates long-term? It’s getting more supply of apartments! The best way to fight inflation is always by adding more supply; if your goal… Read more »
Cooler inflation data sends mortgage rates lower
On Tuesday, the Consumer Price Index (CPI) data came in cooler than expected, and the bond market loved it, driving mortgage rates lower. Where do we go from here? Headline… Read more »
New Home Purchase Apps Rebound in August
In August 2022, the Mortgage Bankers Association (MBA) reported that mortgage applications for new home purchases decreased 10.1% compared to August 2021. Data recorded in the MBA’s Builder Application Survey… Read more »
Delinquencies, Starts Rose In June But Stayed Below Pre-pandemic Levels
Mortgage delinquencies and foreclosure starts increased in June but ultimately stayed below pre-pandemic levels, according to Black Knight’s First Look at June 2022 data. The national delinquency rate rose by… Read more »
Generation Gap: How Americans’ Preferred Housing Styles Vary by Age
As homebuyers continue their house hunt, finding a home that’s perfect is not just about the right timing and price —it’s also about finding the right style. HomeAdvisor conducted recent… Read more »
Housing Market Cooling To Feb 2020 Levels
Zonda’s New Home Pending Sales Index for June 2022 finds the housing market cooling to levels seen in February 2020. The New Home PSI posted a reading of 125.5 for… Read more »
Rates Surge In Largest One-Week Increase On Record
Mortgage rates exploded this week, rising from an average of 5.23% to 5.78%, Freddie Mac reported Thursday. It is the largest one-week increase in the history of the GSE’s survey,… Read more »
Study Finds Americans Possess Minimal Knowledge of Housing Matters
New data shows Americans are as baffled by how real estate works as they are about cryptocurrency. According to a new Zillow survey, the study finds most Americans know more… Read more »