Mortgage credit access tightened again in August, a trend that has been nearly continuous since the onset of the pandemic more than two years ago. The Mortgage Bankers Association said its Mortgage Credit Availability Index […]
What a difference 4 months make! In April, the National Association of Homebuilders (NAHB) recorded a Housing Market Index (aka “builder confidence”) of 77.0. While that was off the recent peak, it was still higher […]
Housing Recession or Big Shift to Multi-Family? Maybe Some of Both… Residential construction numbers fell again in July, giving credence to Monday’s National Association of Home Builders’ (NAHB’s) report detailing a near ten-year low in […]
Mortgage application volume declined again last week. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, decreased 2.3 percent on a seasonally adjusted basis during the week ended August […]
Homes are still selling in record time, but affordability and low inventories are driving sales lower. The National Association of Realtor(R) (NAR) says previously owned single-family homes, condominiums, townhouses, and cooperative apartment sold at a […]
The headline conveys the thesis quite well when it comes to the New Residential Sales data just released by the Census Bureau. July’s total fell to a seasonally-adjusted annual pace of 511k, down from 585k […]
The Mortgage Bankers Association, (MBA) says its Weekly Mortgage Application Survey for the week ended August 19 shows the volume of mortgage applications slipping another notch. MBA’s Market Composite Index decreased 1.2 percent on a […]
In last Thursday’s Existing Home Sales press release, the NAR’s chief economist said “we’re witnessing a housing recession in terms of declining home sales and home building.” Less than a week later, today’s Pending Home […]
Home Price Growth Grinds to Halt. What Does It Mean For Conforming Loan Limit Outlook? Today brings the release of June’s home price indices from both the FHFA (the regulator that oversees Fannie and Freddie, […]
The volume of mortgage applications fell again last week, dragged lower by refinancing which had its largest week-over-week decline since mid-May. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that […]
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