Source: Fox Business — National Association of Home Builders CEO Jerry Howard warned on “Varney & Co.” Monday of “a tough time” ahead for the industry as data revealed the housing market has been slowing down. Howard provided the...
Source: Calculated Risk — Inventory is increasing rapidly. Inventory bottomed seasonally at the beginning of March 2022 and is now up 110% since then. More than double! Altos reports inventory is up 30.3% year-over-year and is now 16.3% above the peak last...
Source: CNBC — Confidence among builders in the nation’s single-family housing market fell in July to the lowest level since the start of the pandemic. The National Association of Home Builders/Wells Fargo Housing Market Index, a survey designed to gauge market...
Source: Marketwatch — If you feel a bit of whiplash hearing the varying takes on the housing market right now, you’re not alone. Home prices are still rising — but not as much! Mortgage rates are generally up — but recently they’ve held below 6%! (See the...
Source: Realtor — Home prices in the U.S. are so sky-high these days, even wealthy foreign buyers aren’t immune to feeling the pinch. Last year, international buyers snapped up 98,600 residential properties totaling $59 billion, according to a new National...
