Mark Fleming
Home listing trends point to slow start to spring buying season
Limited availability of for-sale homes to start 2023 has created concerns among aspiring home buyers as spring begins, according to two new housing research reports. A little under 830,000 properties were on the market at some point in February, economists at Zillow said in its monthly housing report. The number is the second lowest figure … [Read more…]
The historic multifamily construction boom is already fading
Those same interest rates pushing would-be homebuyers to the sidelines are also hurting multifamily developers.
What Will Happen to Home Sales If Mortgage Rates Rise to 9%?
Thereâs been a lot of hubbub about mortgage rates since the start of the year. Itâs not unwarranted, given the fact that 30-year fixed rates increased from 3.95% to 4.46% from January through early March, per Freddie Mac data. But they also dropped last week for the first time all year â so itâs possible… Read More »What Will Happen to Home Sales If Mortgage Rates Rise to 9%?
The post What Will Happen to Home Sales If Mortgage Rates Rise to 9%? appeared first on The Truth About Mortgage.
2023 Housing Market: Too Hot, Too Cold or Just âTightâ
Could upward pressure on mortgage rates in 2023 mean continued softness in the housing market?
Lower mortgage rates, higher demand lead to optimism for late 2023
Economists believe that if the mortgage rate trend continues, the market will be able to improve in the second half of 2023.Â