As mortgage rates rose to nearly 7% and builder sentiment dipped to painfully low levels in September, housing starts also declined, dropping 8.1% from August, to a seasonally adjusted annual rate of 1.564 million, according […]
Connect Qualia Connect enables mortgage lenders to deliver on-time, error-free, and predictable closings by plugging them directly into the Settlement Ecosystem. With Connect, mortgage lenders gain visibility and control by staying in sync, standardizing, and […]
Source: SP Global — Across the U.S., cities and states are planning incentives for converting offices to homes to alleviate a housing shortage and address rising office vacancies, Axios reported. The state of California […]
Residential construction numbers were mixed in August. Home builders apparently worked on drawing down their backlogs of permits rather than seeking new ones while construction starts soared. The U.S. Census Bureau and Department of Housing […]
Even as demand for new homes fizzles–about a quarter of homebuilders are reducing their prices to attract more buyers as foot traffic falls–single-family construction jumped 3.4% in August, the Commerce Department reported Tuesday. Economists are […]
Source: SF Gate — Realtor.com, the second most visited website for real estate listings in the U.S., is laying off an undisclosed number of employees due to a recent slump in the housing market. Read More
Source: KSL — SALT LAKE CITY — As the high interest rate-induced U.S. housing slump deepens, national housing experts and economists are watching home prices dip across the country — with some regional pockets dropping […]
Source: The Ringer — While the broader economy is almost certainly not in a recession, the U.S. housing market is facing a painful reset. As the Federal Reserve raises interest rates to reduce inflation, the […]
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 […]
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 […]
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