U.S. Housing Market Updates
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Mortgage Application Activity Slows for Third Straight Week
Among the federal programs, the FHA share of total applications increased to 18.7% from 17.9% the week prior. Continue Reading Mortgage Application Activity Slows for Third Straight Week
Richmond American Homes to Build New Community in Jacksonville
Laurelton will feature single- and two-story homes priced from the $400,000s. Continue Reading Richmond American Homes to Build New Community in Jacksonville
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
PennyMac Premieres ‘Bring It Home’ Video Series for New Homeowners
The first installment of the series will feature 20 short videos. Continue Reading PennyMac Premieres ‘Bring It Home’ Video Series for New Homeowners
Mortgage Application Activity, Credit Availability on the Rise
The MBA’s Mortgage Credit Availability Index (MCAI) rose by 2.5% to 99.0 in January Continue Reading Mortgage Application Activity, Credit Availability on the Rise
Zillow and Redfin Partner on Multifamily Rental Listings
“We believe it will increase our overall traffic,” said Redfin CEO Glenn Kelman. Continue Reading Zillow and Redfin Partner on Multifamily Rental Listings
When Will The Housing Market Bottom? Ryan Frazier Weighs In
Source: Bezinga --- The U.S. housing market is now slowing down after a record-breaking run that saw home values soar to new highs and mortgage rates drop to historic lows. Although demand and price growth are slowing, analysts and housing economists predict that any...
The U.S. Needs More Housing Than Almost Anyone Can Imagine
Source: The Atlantic --- How many homes must the United States’ expensive coastal cities build to become affordable for middle-class and working-poor families again? Over the past few weeks, I asked a number of housing experts that question. I expected a...
October Was a Spooky Month for the U.S. Housing Market
Source: Mansion Global --- Would-be buyers are turning their backs on the turbulent U.S. housing market in droves, according to new data released from Redfin on Monday. The number of pending sales, the amount of deals being scrapped and the proportion of homes seeing...
Housing market cools off as mortgage rates rise
Source: Click Orlando --- ORLANDO, Fla. – Between economic uncertainty and booming interest rates, the once red-hot housing market is starting to cool off. Buying a home during the pandemic was extremely competitive as a combination of low mortgage rates, low...
Mortgage demand rises 2.2% as interest rates decline slightly
Source: CNBC --- Mortgage applications rose 2.2% last week compared with the previous week, prompted by a slight decline in interest rates, according to the Mortgage Bankers Association’s seasonally adjusted index. Refinance applications, which are usually most...
Nearly 1/4 Americans Are Looking to Move. These Are the Cities They’re Leaving and Why
Source: The Ascent --- I'm moving. The dates are squishy, but it's decided. By the first half of 2023, my friend and I are high-tailing it from Los Angeles, California, to the Portland, Oregon, region. As much as we love our beaches cooked sunny-side up, it's too...
Existing Homes Fall Again in October, Leading Indicators Signal Economic Downturn
Source: US News --- Sales of existing homes fell in October for the ninth straight month, down 5.9% from a month earlier as buyers faced mortgage rates that have doubled in the past year, the National Association of Realtors said on Friday. Sales, at an annual pace...
U.S. existing home sales plunge; tight inventory keeps prices rising
Source: Reuters --- WASHINGTON, Nov 18 (Reuters) - U.S. existing home sales tumbled for a record ninth straight month in October as the 30-year fixed mortgage rate hit a 20-year high and prices remained elevated, pushing homeownership out of the reach of many...
Economist explains why the ‘floor is coming’ for US housing market
Source: New York Post --- The US housing market is likely close to hitting a bottom following months of plummeting buyer demand and falling home prices, a prominent economist said in a note to clients this week. Homebuilder confidence fell for the 11th straight month...
White House officials say we are ‘in a housing affordability crisis’: NAHB CEO
Source: Yahoo! News --- National Association of Home Builders CEO Jerry Howard joins Yahoo Finance Live to discuss the U.S. housing market, mortgage rates, and homebuilder sentiment. Video Transcript SEANA SMITH: Let's take a look at the housing market, because more...
