Weakness in existing home sales was swamped by surprising strength in new home sales (largely skewed by dramatic incentives from builders) and today Pending home sales breaks the tie (expected to show a small 0.8% MoM rise in sales). Instead, pending home sales tumbled 5.2% MoM, dragging the YoY sales down 23.26%…
Newsfeed: US Pending Home Sales Plunged In March As Rates Rebounded Read More »
Professional investors see the dollar sliding even further from last year’s two-decade highs, as the market has underpriced the Federal Reserve’s oncoming easing cycle.
Newsfeed: Four Reasons Why Investors Expect US Dollar to Keep Sliding Read More »
If you’re looking to buy a home, be aware that mortgages will change next month. Starting May 1, upfront fees for loans backed by Fannie Mae and Freddie Mac will be adjusted because of changes in the Loan Level Price Adjustments (LLPAs), the fees that vary from borrower to borrower based on their credit scores, down payments, types of home and more. The changes relate to credit scores and downpayment sizes.
The commercial real estate market is showing signs of weakening, demonstrated by the pressures being felt by two of the market’s largest players amid higher rates and tighter financial conditions.
With the 2022 income-tax filing season mostly in the books, attention turns to the future. Next year’s filing season, and those beyond, could look and feel much different.
The housing market is very complicated, with a lot of variables that can affect it. NTD talks to an expert in real estate for his insights.
Newsfeed: No 2008-Type Crash in Housing Market: Analyst Read More »
Nestled in the sprawling desert community of North Las Vegas, the three-bedroom home at 6043 Clovelly St. perfectly embodies what has gone terribly wrong at Opendoor Technologies.
Sales of previously owned homes declined 2.4% in March compared with February, according to a monthly report from the National Association of Realtors.
Newsfeed: Home sales fell in March amid volatility in mortgage rates Read More »
ATTOM, a leading curator of land, property, and real estate data, today released its Q1 2023 U.S. Foreclosure Market Report, which shows a total of 95,712 U.S. properties with a foreclosure filings during the first quarter of 2023, up 6 percent from the previous quarter and up 22 percent from a year ago.
Newsfeed: U.S. Foreclosure Activity Continues To Climb In Q1 2023 Read More »
After February’s surprise surge in Housing Starts and Permits, driven largely by a brief dip in mortgage rates, the housing market’s data was expected to slide significantly in March data released today… and they did. However, while housing starts fell, it was less than expected (-0.5% MoM vs -3.5% exp but Feb’s 9.8% jump was revised down to +7.3%) but Building Permits plunged 8.8% MoM (vs 6.5% MoM drop) and Feb’s data was revised higherto 15.8% (from 13.8% MoM)…
Newsfeed: Single-Family Building & Permits Jump As ‘Renter Nation’ Fades Read More »