In the latest market news, the dynamics of the housing sector have seen some interesting fluctuations. Here’s a comprehensive update for September 2023, shedding light on the notable trends and patterns. Slowing Sales of Existing Homes Among September 2023 Market Update Insights For the month of July, sales of existing homes experienced a slight dip […]
New Home Sales
Impact of March 2023 Real Estate Data on Mortgage-Backed Securities (MBS)
The real estate data for March 2023 had a significant impact on mortgage-backed securities (MBS) in April. Let’s explore how specific factors influenced MBS: Decline in Existing Home Sales and Low Inventory Levels Existing home sales decreased by 2% in March compared to February and 22% from the previous year. This decline indicates reduced demand […]
Existing Home Sales Rise for First Time in Twelve Months
While the past year-and-a-half took its toll on the real estate market, the latest news offered a glimmer of hope as data saw existing home sales rise. Despite 2021’s massive surge in real estate sales, 2022 generated a lackluster environment. Although the most recent data reflected an increase in home sales, housing inventory still presents […]
Home Builder Confidence Achieves Highest Level Since September 2022
Over the last year, the real estate market fell into a bit of a slump, home builder confidence included. However, as we turn the corner to spring, confidence levels begin to climb once again. Home Builder Confidence Jumps from 35 to 42 Since the Great Recession of 2009, the United States faced a longstanding housing […]
August Home Sales Reflect Strong Sensitivity to Mortgage Rates
Throughout September, the latest August home sales data reflected a strong sensitivity to mortgage rates. When rates experienced a short-lived dip in August, home sales reacted with a sudden jolt of activity. However, September 2022 closed out with mortgage rates hitting their highest levels since 2007. Thus, the real estate will be sure to compensate […]
Real Estate Market Challenges Contribute to the Declining Originations
May 2022 highlighted numerous real estate market challenges facing prospective home buyers. Now, the data directly supports the drop-off in activity. Higher Mortgage Rates Fueling Real Estate Market Challenges When discussing the latest real estate market challenges, higher mortgage rates take the top spot across many lists. Throughout the early days of the COVID-19 pandemic, […]
Housing Inventory Fell to New Record-Low Level in March 2022
With the release of last month’s real estate market report, housing inventory fell to a new record-low level. Meanwhile, both existing and new home sales disappointed as prices jumped higher. As the United States first experienced the coronavirus pandemic in 2020, the housing market suffered. One year later, the United States surged through an unprecedented […]
February 2022 Real Estate Reporting Presents Mixed Bag for Housing Market
As previously mentioned, 2021 marked one of the best years for real estate in recent memory. After the coronavirus pandemic stifled home sales throughout the country, the real estate market rebounded at a quicker pace than anticipated. However, the real estate market still deals with longstanding housing inventory challenges. In addition, rising home prices and […]
New Home Sales Jump Alongside Rising Valuations This Year
As the holiday season approaches, investors saw new home sales jump. Additionally, home values rose this year. Many factors play a role in the increase, particularly limited inventory and inflation. Currently, investors worry about future economic growth. This past month, the United States witnessed record-high inflation, supply chain struggles, and job growth struggles. New Home […]