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Tech hub housing markets cool as industry turmoil dampens demand Mar. 27th 2023
While bidding wars were common during the pandemic, housing markets in tech centers are cooling more rapidly than other markets in the U.S.
Housing Market Tracker: Mortgage rates and inventory fall together Mar. 26th 2023
If the mortgage market wasn’t so stressed, mortgage rates should be at 5.99% today. In a regular market, they would be closer to 5.25%.
Low housing inventory a win for homebuilders Mar. 23rd 2023
If national housing inventory were back to normal, we would have 2 to 2.5 million active listings of direct competition for homebuilders.
New home sales climb in February for the third straight month Mar. 23rd 2023
New home sales rose yet again in February, jumping 1.1% month over month to seasonally adjusted annual sales pace of 640,000.
Pacific Western Bank gets $1.4B from Atlas after 20% decline in deposits Mar. 22nd 2023
Pacific Western Bank has acted to guarantee more liquidity via private and federal facilities but excluded the possibility of raising capital at this moment, it announced on Wednesday.
The typical down payment is 10% smaller than a year ago Mar. 22nd 2023
In January, the typical U.S. homebuyer used a down payment that was 10% smaller than a year ago to purchase a home.
Mortgage demand rises amid MBS volatility Mar. 22nd 2023
Mortgage rates fell last week, spurring an increase in demand. But a volatile secondary market is causing challenges.
Lower mortgage rates fueling existing home sales Mar. 21st 2023
To understand why we had such a beat in sales, you only need to go back to Nov. 9, when mortgage rates started to fall from 7.37% to 5.99%.
Existing home sales rise for the first time in a year Mar. 21st 2023
Existing home sales rose in February for the first time in a year, climbing 14.5% to a sales pace of 4.58 million, but existing home sales were still down 22.6% on a yearly basis.
Housing Market Tracker: Banking crisis is a new variable Mar. 19th 2023
Mortgage rates fell as the banking crisis got worse and we may have found the bottom of seasonal housing inventory.