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Housing Market Tracker: Inventory falls even lower
April 17, 2023
Mark Paul Cervantes
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Comments Off on Housing Market Tracker: Inventory falls even lower
The seasonal housing inventory bottom evaded us again last week as active listings fell and new listing inventory decreased. Purchase application data rose again, with more positive than negative data in 2023. Mortgage rates didn’t […]
U.S. Housing Starts Fall 8% in June, Biggest Drop in a Year By Aarthi Swaminathan
July 20, 2023
Mark Paul Cervantes
Top News, U.S. Housing Market
Comments Off on U.S. Housing Starts Fall 8% in June, Biggest Drop in a Year By Aarthi Swaminathan
The numbers: Construction on new homes fell 8% in June, as U.S. homebuilders sharply slowed down starting on new single-family homes and focusing on finishing existing projects. Housing starts fell to a 1.43 million annual pace […]
Housing completions key to lower mortgage rates
October 20, 2022
Allen Santos
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Comments Off on Housing completions key to lower mortgage rates
In June of this year, I raised the fifth recession red flag, putting the housing market in a traditional recession where sales, incomes, jobs, and production would be falling, which is happening now. And unfortunately, […]