Housing Market Nuance
Major regional differences highlight the fluctuating nature of the homebuilding industry By Patrick Duffy Last month, when I wrote about
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Housing Economy
The Fed Hints at an End for Rate Hikes
At the conclusion of its May meeting, the Federal Reserve’s monetary policy committee raised the federal funds target rate by
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Homebuilders to the Rescue
Demand for new construction provides builders with opportunity By Patrick Duffy If there is one common thread among the various
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Mortgage Rates Drop for Third Consecutive Week
The average 30-year fixed mortgage rate falls below 7% for the first time since February. According to U.S. News, the
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Pending Home Sales Grew for Third Straight Month, Up 0.8% in February
Pending home sales rose for the third consecutive month, up 0.8% from January. Month-over-month, contract signings increased in three U.S.
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Mortgage Rates Fall to Lowest Level in a Month. Housing Market Could See a Continued Rebound.
Mortgage applications increased for the third consecutive week, despite the ongoing volatility in the financial markets and the broader economy.
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Finding Balance with Supply and Demand
The housing market rebound is limited by a “weird economy” By Patrick Duffy These days, if you search online for
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Mortgage Rates Drop, Catching the Attention of Homebuyers
Down from 6.73% from the week before, the 30-year fixed-rate mortgage averaged 6.60% in the week ending March 16. According
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Biden Unveils 2024 Budget Proposal
The Biden budget calls for a significant expansion of the Low-Income Housing Tax Credit, which NAHB supports. President Biden yesterday
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Economy (and Inflation) Starts 2023 Stronger than Expected
According to Fannie Mae, this week’s data releases suggest the economy started 2023 on a significantly stronger footing than we had
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A New Measure for the Country’s Housing Markets
Comparing the health of U.S. housing markets based on demand, supply and financial data By Patrick Duffy During these challenging
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U.S. Expected To Avoid a Repeat of 2008 Financial Crisis: Fannie Mae
Though home prices are predicted to drop 6% in the next two years, according to Fannie Mae. Also reported was
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Mortgage Activity Increases after Dip in Rates
Mortgage activity increased to 7.4% and the average 30-year fixed-rate mortgage fell to 6.18%. According to Eye on Housing, the Market
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Mortgage Rates Keep Dropping, Making Housing Affordable for Millions More
Falling mortgage rates mean for a busy spring homebuying season. According to Fox Business, the average rate for a 30-year
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A Housing Downturn in 2023 Followed by a Recovery in 2024
Though the housing recession will trickle into 2023, the second half of 2023 may lead to a turning point for
Read MoreLooking Ahead to 2023
Important trends in 2023 to maximize headway on an ocean of opportunity to provide much needed housing By Don Neff
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A Look Ahead to 2023: Expect the Unexpected
Home values in 2023 may remain even stickier than in past downturns By Patrick Duffy A month ago, I wrote
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