The housing market has been keeping its head down, keeping calm, and carrying on in the face of the biggest rate spike since the 1980s. The ability to tune out rising rates is nothing new for home prices, as discussed a few weeks back.
Newsfeed: Big Shift in Housing Numbers. Scary or Welcome? Read More »
As I noted last year, Inventory will Tell the Tale about the housing market. And inventory levels are now up year-over-year and increasing quickly.
Newsfeed: Realtor.com Reports Weekly Inventory Up 9% Year-over-year Read More »
There’s no way around it: if the Federal Reserve is going to get runaway inflation back under control, it’s going to cause some economic damage along the way.
Following March’s modest rise in Housing Starts and Permits, analysts expected reality to catch up with the homebuilder market in April (just as we saw in the NAHB sentiment survey slumping to 2 year lows).
Newsfeed: US Housing Starts, Permits Plunge In April As Mortgage Rates Soar Read More »
The NAHB survey of homebuilder sentiment fell for the 5th straight month in May to its lowest since June 2020… but has a long way to go to catch down to homebuyer sentiment…
Since the Fed is rushing to hike the US into a deep recession just so inflation will (supposedly) slide ahead of the November midterms, in line with Biden’s demands, the housing market is eager …
Newsfeed: There Goes The Housing Market Read More »
Housing in all of the top 100 markets in America is selling at a premium, but in some, that premium is much smaller.
Mortgage rates in the U.S. resumed their upward climb, reaching the highest level since August 2009.
Newsfeed: U.S. Mortgage Rates Jump to 5.27%, Highest Since 2009 Read More »
Mortgage rates are skyrocketing thanks to the Fed, but buyers who can tough out this difficult, changing market will be rewarded.
When we were reading through real estate data this month, three stats caught our eye. The first: That the number of active foreclosures …