Tag Archives: Markets & Economy

Builder confidence drops to lowest level in more than a year

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Nationwide builder sentiment fell by 5 points to 75 in August, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Continue reading →

Demand for second homes drops for second-straight month

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Second-home demand fell 21 percent in July from the previous year, according to a report released Tuesday by tech-powered brokerage Redfin. Continue reading →

United Wholesale Mortgage purchase loan business up 288%

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UWM CEO Mat Ishbia emphasized the dramatic growth in purchase loan volume, saying the company’s relationships with mortgage brokers will help it stay profitable as mortgage rates increase and refinancings dry up. Continue reading →

The US is getting more diverse — and moving to the West

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Shifts in demographics and geographies will reshape how Americans think of housing, new data from the U.S. Census Bureau shows. Continue reading →

Half of homes sold over list price in July: Study

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But the latest numbers, provided by OJO Labs, do hint at possible improvements in the ongoing inventory shortage. Continue reading →

Healthy jobs report drives up mortgage rates for first time in weeks

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During the pandemic, the Federal Reserve has been keeping a lid on interest rates by increasing its holdings of long-term Treasurys and mortgage-backed securities (MBS) by $120 billion a month. Before announcing a timetable for tapering those purchases… Continue reading →

Home prices jump by double digits across nearly every US metro

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The median existing single-family home price rose 22.9 percent year over year during the second quarter of 2021, according to NAR. Continue reading →