Better conducts layoffs just weeks after going public Sep. 25th 2023
The digital lender issued pink slips to a quarter of its U.S. mortgage sales and origination team in another round of layoffs.
Mortgage rates get close to the yearly high of 7.49% Sep. 24th 2023
Mortgage rates started the week at 7.28%, got as high as 7.47%, and ended at 7.39%. That's close to the yearly high of 7.49%.
Pending-home sales drop 13% from a year ago as rates stay high: Redfin Sep. 22nd 2023
High mortgage rates and home prices are putting downward pressure on pending-home sales, but new listings show signs of life, Redfin found.
Why are existing home prices up year over year? Sep. 22nd 2023
Existing home prices are up 3.9% year over year, with demand near 21st-century lows. How is this possible?
Existing-home sales moved lower in August : NAR Sep. 21st 2023
High mortgage rates and home prices, and low inventory continue to hurt existing-home sales. Here's what that means for buyers.
No sign of relief in housing even as the Fed holds rates steady Sep. 21st 2023
Until interest rates come down, affordability challenges will continue to strain the housing market, housing experts said.
DataDigest: Where housing prices are booming (and faltering) Sep. 20th 2023
Western states are still posting annual declines while Midwestern and Northeastern states are still heating up, according to CoreLogic's House Price Index.
Is the apartment boom finally over? Sep. 19th 2023
Have we finally hit the limits of the massive boom in 5-unit apartment construction? Logan Mohtashami weighs in on housing starts.
Changing homebuyer expectations are slowing the housing market Sep. 19th 2023
Home sales each week continue to be at depressed levels. We counted only 59,000 new pending sales this week. Meanwhile, the available inventory of unsold homes is growing. This week, inventory grew faster than it did last year at this time. This is alarming because this was the moment last year when the market turned [....]
Homebuilders are pulling back, but permit activity suggests things will turn around soon Sep. 19th 2023
Housing starts fell to a seasonally adjusted annual rate of 1,283,000 in August, according to the U.S. Census Bureau.