Low housing inventory a win for homebuilders
If national housing inventory were back to normal, we would have 2 to 2.5 million active listings of direct competition for homebuilders.
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 rose yet again in February, jumping 1.1% month over month to seasonally adjusted annual sales pace of 640,000.
Zolve offers two credit-builder credit cards for those with no credit or poor credit. Find out how they stack up to other options.
VA Escape Clause – VA Home Loans Veterans Affairs (.gov)
Blend Labs was hit especially hard by the mortgage market’s woes last year, posting a $763.8 million net loss over 2022. The mortgage fintech is anticipating growth in the second half of this year, but in the meantime is providing revenue guidance on a quarterly rather than annual basis, executives said Thursday evening in an … [Read more…]
While the current housing market is considered more favorable to buyers than sellers by some mortgage industry leaders, plenty of obstacles remain for aspiring homeowners, especially those looking to buy new properties. Only 35.9 million out of a total of 132.5 million households are currently able to afford a newly built home based on 2022’s … [Read more…]
Thereâs certainly a chicken/egg problem when it comes to interest rate news. Is it the Fedâs decisions that move rates? Or do market forces move rates, thus forcing the Fed to react? The answer is somewhere in between. If inflation and economic growth were always positive, low, and stable, the Fed would never lift a finger, but they are compelled to act when stability is threatened. Since March 2020, the Fed has acted quite a bit. They maintained rate-friendly policies for almost 2 years and then got precipitously unfriendly early in 2022. âUnfriendly,â in this case, refers to hiking the Fed Funds Rate and buying fewer bonds on the open market. The combined effect was one of the sharpest rate spikes in history. Now after more than a year of unfriendliness, the Fed is finally thinking about leveling off and seeing how things play out without too many more rate hikes. Theyâve already decreased the pace from 0.75% per meeting to 0.25%. This isnât a random decision on the part of the Fed. It comes in response to shifts in inflation data as well as other signs that their unfriendly policies are having an effect on the economy. The latest sign is the banking drama that has been in the news this week. It began with Silicon Valley Bank last week but spiraled into a bigger problem with the closure of Signature bank over the weekend. Many people have never heard of these institutions, but they now represent the 2nd and 3rd largest bank failure in US history.
Katelyn Sailor’s Colorful NYC Home Tour The Everygirl