Category: purchase applications

Did lower mortgage rates slow housing inventory growth?

My model for inventory growth with higher mortgage rates came crashing down last week. After two weeks of significant increases, inventory growth slowed dramatically and is far from my 11,000-17,000… Read more »

Finally, some healthy housing inventory growth

Housing inventory finally hit my target level of growth last week with mortgage rates now over 7.25%, something I couldn’t get all last year. Of course, what is different this… Read more »

Measuring the Severity of the National Housing Shortage

There is a severe housing shortage as a result of record-high home prices and rents in addition to record-low for-sale inventories and vacancies, according to a new analysis from the… Read more »

Office Space to Living Space: Conversions to Skyrocket in Major U.S. Cities

According to a new RentCafe report, over the past four years, there has been extraordinary growth in the conversion of office buildings into living spaces, with an estimated 12,100 apartments… Read more »