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Keep An Eye On D.R. Horton In 2023
Source: Seeking Alpha --- Introduction I recently wrote an in-depth article on the housing market and home builders in the United States. While we will also discuss the core message in this article, the main takeaway is that major buyers are waiting until unemployment...
Investment Banking Giant Sounds a Warning: The Housing Market Has ‘Further to Fall’
Source: The Ascent --- There's a reason sellers have had such a huge advantage over buyers over the past few years. The real estate market has lacked inventory in a very big way. Meanwhile, the supply of available homes began to dwindle at a time when mortgage...
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That vacation rental listing could be a scam. These are the warning signs to look out for
Source: CNBC --- Before you book a rental property for a summer getaway, you may want to double check that you’re not getting scammed. This week, New York State Attorney General Letitia James issued a warning for consumers seeking rental properties. “Summer plans...
Mortgage apps decline 1.2% despite drop in rates
Source: Housing Wire --- Despite a decline in mortgage rates last week, mortgage application volume was down 1.2% on a seasonally adjusted basis for the week ending May 20. The decline, as measured by the Mortgage Bankers Association’s (MBA’s) Market Composite Index,...
Sales of newly built homes tumbled over 16% in April while prices soared
Source: CNBC --- Sales of newly built homes dropped 16.6% in April from March, far more than expected, and were down 26.9% from April 2021, according to the U.S. Census. The annualized rate came in at 591,000 units, seasonally adjusted. Analysts had been expecting...
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