Real estate agents wonder if inventory levels will ever return to ‘normal’ May. 26th 2023
Industry experts have said the market and inventory returning to normal, but agents say that isn't the case in many markets across the country.
Higher mortgage rates, wider spreads follow debt ceiling impasse May. 25th 2023
Amid the rising risk of government default, mortgage rates increased to the highest level in two months last week.
Housing supply: the biggest hinderance to the market May. 25th 2023
You cannot purchase what is not for sale, so pending and closed sales activity have been hindered substantially.
Pending home sales were flat in April, but the South is a bright spot May. 25th 2023
The NAR said the South’s pending home sales activity is similar to that of 2001. Activity is down 22% in the Midwest and about 40% in both the Northeast and West regions.
When will housing inventory turn the corner? May. 25th 2023
Low inventory continues to be a major issue for the market, and we’re seeing signs that there’s no end in sight.
Mortgage apps decline as rates hit the 7% mark May. 24th 2023
The latest MBA data shows that mortgage loan applications decreased 4.6% for the week ending May 19 compared to one week earlier.
DataDigest: In the nation’s hottest housing market, flood insurance premiums soar May. 24th 2023
FEMA's Risk Rating 2.0 means thousands of homeowners in Miami-Dade will eventually see an average premium increase of $1,500. And it likely isn't enough to account for the true risk.
Only 70,000 new homes available for sale May. 24th 2023
In a country with more than 330 million people, there are only 70,000 new homes available for sale today in the U.S. housing market.
How top mortgage broker Mark Cohen stays on top of the SoCal market May. 23rd 2023
Mark Cohen of Cohen Financial Group talks shop on how he stays on top of the dual-sided Southern California housing market.
Homebuilders are taking advantage of low existing inventory May. 23rd 2023
New home sales rose 4.1% from the month prior as buyers turn to new builds due to the dearth of existing homes for sale.