Housing Market Tracker: Still no spring inventory lift
Last week’s housing inventory data shows we still haven’t seen the traditional spring increase in inventory.
Last week’s housing inventory data shows we still haven’t seen the traditional spring increase in inventory.
We need to understand the credit channels in the U.S. today and why theyâre so different than the period of 2002-2008.
If national housing inventory were back to normal, we would have 2 to 2.5 million active listings of direct competition for homebuilders.
The Fed has decided to forge ahead in its fight against inflation, despite several bank closures that have caused turbulence in the financial markets.
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.
Only one in four IMBs were profitable in Q4 2022 amid loan production expense hitting a study high of $12,450 per loan, according to the MBA.
Local markets is a HousingWire magazine feature spotlighting housing trends in five markets across the country.
The collapse of Silicon Valley Bank and Signature may trigger lower mortgage rates, but it will likely increase scrutiny on IMBs and their risk management strategies.
A surge in demand for government loans and adjustable-rate mortgages (ARMs) played a role in the mortgage application uptick last week.
After another challenging week, the housing market should see seasonal housing inventory increase in the next couple of weeks.