January 7, 2023, 2:33 am By Logan Mohtashami
Can we have a soft landing in the economy? Friday’s job report shows there is a clear pathway to get there. Mortgage rates fell aggressively down to 6.20%, putting us at more than 1% below the highs of 2022 ...
December 27, 2022, 7:00 am By Connie Kim
Marty Green thinks of the housing market in 2022 as two very different movies. The first half of the year, with mortgage rates in the 3s and 4s, was like “Fast and Furious.” Houses were selling at a ...
December 14, 2022, 2:00 pm By Connie Kim
After inflation slowed more rapidly than expected in November, the Federal Reserve raised the federal funds rate by 50 basis points on Wednesday to 4.25%-4.50%, a smaller interest rate hike than the 75 bps per meeting ...
December 19, 2022, 10:58 am By Brooklee Han
Homebuilder sentiment dropped yet again in December, hitting its lowest reading since mid-2012, with the exception of the onset of the COVID-19 pandemic in the spring of 2020. This drop marks one full year of declines in builder confidence, according to the ...
December 7, 2022, 4:57 pm By Logan Mohtashami
Since the weaker CPI data was released in November, bond yields and mortgage rates have been heading lower. The question then was: What would lower mortgage rates do to this data? Now, with five weeks of data in front ...
December 8, 2022, 2:12 pm By Flávia Furlan Nunes
Mortgage rates continued the downward trend this week amid signs that the U.S. economy is cooling down due to the tightening monetary policy. The recent declines, however, have not been enough to convince borrowers to take out ...
December 16, 2022, 10:00 am By Jessica Lautz
The last year has been a completely split housing market — one that started with the lowest inventory NAR has recorded dating back to 1999 and one with low mortgage rates. In the first few months of ...
The unemployment rate was at 3.7% in October. The unemployment rate is down from 14.7% in April ...by Logan Mohtashami
When I came up with the “savagely unhealthy housing market” label in February of this year, it was based on the premise that the housing inflation story that we have had to deal with since 2020 was a historical event. It facilitated a very ...
View MoreSales are already historically low, back to 1996 levels when rates were near 8%
October 26, 2022, 4:26 pm By Logan Mohtashami
September new home sales beat expectations, but don’t get too excited. While monthly supply rose in this report, the previous reports were all revised lower and sale levels ...