New Home Sales Hit 13-Month High
New Home Sales Hit 13-Month High Uncertainty surrounding the debt ceiling caused volatility in the markets, while inflation was hotter than expected in April. Tight supply continues to be a key factor impacting home sales. Here are the headlines: Better Progress to Come on Inflation “Sizeable Increase” Needed in Housing Inventory New Home Sales Hit…Read More
Tight Supply Takes the Spring Out of Existing Home Sales
Tight Supply Takes the Spring Out of Existing Home Sales Recent data shows the impact that low supply is having on the housing market, while unemployment claims continue to reflect a slowdown in hiring. Don’t miss these stories: Tight Supply Takes the Spring Out of Existing Home Sales Home Builder Confidence Reaches Key Threshold “Gradual…Read More
Is It a Good Time to Buy a House?
Is It a Good Time to Buy a House? This question is one of the most common questions we see from consumers, investors, real estate agents, and many others with interest in the real estate market. The answer is ‘yes’. But it also depends on your specific situation, what’s important to you, and where you…Read More
Housing Market at a Turning Point
Housing Market at a Turning Point The Fed hiked its benchmark Fed Funds Rate despite signs of cooling inflation and concerns about the banking sector. Plus, job growth isn’t as strong as it seems while home prices have reached an inflection point. Here are the key stories: Fed Hikes Rates Another 25 Basis Points Strong…Read More
Non-QM Mortgage Loans
Non-QM Mortgage Loans As the mortgage industry has evolved, traditional mortgage products haven’t met the needs of every borrower. This is where Non-Qualified Mortgages (Non-QM) come into play. Non-QM mortgages are specialized loan products that offer flexible lending options for borrowers who may not meet the more stringent requirements of conventional mortgages. As with all loan products,…Read More
March New Home Sales Reach Yearly High.
March New Home Sales Reach Yearly High Inflation continues to trend lower while home prices continue to be supported by the ongoing dynamic of high demand and tight supply. Here are the takeaways: Inflation Improving One Step at a Time Lack of Existing Home Inventory a “Major Constraint” March New Home Sales Reach Yearly High…Read More
What the Media Gets Wrong About Home Prices.
What the Media Gets Wrong About Home Prices. The latest data showed signs of strength in the housing market while the labor sector is getting weaker. Plus, an important recession signal continues to reflect a slowing economy. Don’t miss these stories: What the Media Gets Wrong About Home Prices Home Builders Need to be “Starting”…Read More
Unemployment Claims Trend Higher.
Unemployment Claims Trend Higher. Inflation is trending lower while unemployment claims are doing the opposite. Plus, the minutes from the Fed’s latest meeting revealed what they think about a recession this year. Here are the headlines: -Consumer Inflation Getting Better -Wholesale Inflation Makes Huge Progress Lower -Latest on Small Business Optimism…or Lack Thereof -Unemployment Claims Trend…Read More
Home Price Forecast Sees Upward Revision.
Home Price Forecast Sees Upward Revision. The labor sector delivered plenty of news for the markets to digest, including some important signals about what may be ahead. Plus, the latest on home prices, manufacturing and more in these stories: Mixed Jobs Report for March Disappointing Private Sector Job Growth Signals “Slowing” Economy Reporting Adjustment Sheds…Read More
Signed Contracts Show Housing Is Standing Strong
Signed Contracts Show Housing Is Standing Strong. Consumer inflation is trending lower in the right direction, while data shows the housing market is stronger than media reports suggest. Here are last week’s highlights: -Annual Consumer Inflation Continues to Move Lower -Signed Contracts Show Housing Is Standing Strong -Media Cries Housing Crash but Appreciation Data Says…Read More