Almost everyone has said it or heard it: Existing Home Sales are in the toilet because there’s no inventory and there’s no inventory because no one wants to give up their 3% mortgage when rates […]
The savagely unhealthy housing market continues as existing home sales are near record lows, and the days on the market are still at a teenager level, with home prices rising in 2023. Ladies and gentlemen, […]
Single-family housing starts drop 7.0% in June Single-family building permits increase 2.2% Multi-family starts fall 11.6%; permits drop 5.6% WASHINGTON, July 19 (Reuters) – U.S. single-family homebuilding fell in June, but permits for future construction […]
LONDON, July 20 (Reuters) – A key British mortgage rate fell on Thursday for the first time in nearly two months, coming off the previous day’s 15-year high as concerns about the outlook for inflation […]
UK inflation fell to a 15-month low of 7.9 per cent in June, a bigger than expected drop that sent the pound falling, rallied property shares and came as a boost for prime minister Rishi […]
Research and Markets stated that the global real estate software market will grow significantly in 2023, from $10.07 billion in 2022 to $11.24 billion in 2023 at a compound annual growth rate (CAGR) of 11.6%. […]
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 […]
The White House announced today that it is taking a stronger stance against rental fees, saying that fees associated with applications or “convenience” are burdensome on American families and can often surprise them. Such fees […]
The dour housing market over the past 18 months has thrust struggling independent mortgage lenders (IMBs) into what seems like a pot of water that is coming slowly to a boil. As the heat rises, […]
Existing home sales have declined approximately 30% since mortgage rates started rising in the fall of 2021, according to First American’s Potential Home Sales Model for June 2023. But home sales may have now reached […]
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