In the summer of 2020, something counterintuitive occurred in the housing market. Despite the unemployment rate remaining in double digits, the market underwent a significant shift, transitioning into a boom. This surge was a direct result of […]
About this time last summer, I said it looked like the U.S. housing market could have a soft landing in 2023. Any time you use the phrase “soft landing” it should come with a trigger […]
The Canadian Real Estate Association has lowered its forecast for home sales in Canada due to limited inventory and recent interest rate hikes by the Bank of Canada.– Sales in 2023 are now expected to […]
Purchase loans continue to claim a larger share of the origination pipeline as refinance opportunities dwindle, according to Black Knight’s originations market monitor report. In June, purchase locks made up 88.4% of the month’s market […]
The housing market may feel out of whack to home buyers coping with fast-rising home prices and 7% mortgage rates. But like it or not, the housing market is in the pink. Several economic indicators […]
The slow zombie crawl of housing inventory went lower last week as inventory was negative week to week. In addition, mortgage rates rose to a yearly high as labor data stayed firm and purchase apps […]
The U.S. housing market is defying expectations of a crash this year as limited inventory and high demand keep prices high. That is according to Fannie Mae economists, who predicted in a revised forecast that home […]
Just days into 2023, homebuilders across the country saw a noticeable uptick in demand, as price-sensitive buyers sought relief from last year’s mortgage rate shock. The combination of builders’ price adjustments—which were substantial in Western markets like Salt […]
The numbers: U.S. pending-home sales fell in May, the National Association of Realtors said on Thursday but the housing market is still showing signs of being in recovery mode. Demand for homes is still strong, despite […]
The high street lender says while typical homeowners coming off fixed rate deals face significant increases in their monthly payments, borrowers have been “stress tested” for higher rates and so should be able to cope, […]
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