Demand for mortgage purchase applications has shown some resilience in the first half of this year, even as rates ticked up amid a lot of dramatic headlines. At one point, mortgage rates rose 0.76% from their yearly lows to their highs. How has this impacted mortgage demand? As crazy as this sounds, if I take […]
Mortgage demand resilient in the first half of 2026 Read More »
Housing inventory officially went negative year-over-year last week. This might be a shocker to some people, but not for readers of our Housing Market Tracker, since I believe the housing inventory story started shifting in mid-June of 2025. Lets go over last week’s data and explain what’s happening. Housing Inventory First things first: the Memorial
Housing inventory just turned negative year over year Read More »
Florida’s housing market is settling into a period of measured stability, with pending sales on the rise and inventory levels flattening. Sellers who cling to pandemic-era pricing continue to face resistance from buyers navigating high mortgage rates and affordability constraints. As of May 23, HousingWire Data shows the median list price of homes in Florida
As Florida’s housing market finds its footing, sellers still face pricing realities Read More »
Bank of America said Thursday that it will continue its Community Homeownership Commitment program after surpassing its original goal of delivering $15 billion in affordable home loans and grants. The program, launched in 2019, has provided more than $15 billion in affordable home loans. This total includes more than $600 million in down payment and
Bank of America extends Community Homeownership Commitment program Read More »
Wells Fargo has reached an agreement with construction technology company ICON to serve as the preferred lender for its new 3D-printed residential properties. As part of the partnership, the bank will offer a 50 basis-point interest rate incentive to borrowers. “The housing market is looking for new ways to increase supply and improve affordability, and this technology is
Wells Fargo to offer 50-bps incentive for ICON 3D-printed homes Read More »
LadderUp Housing announced on Thursday that it received an investment from the Richard King Mellon Foundation to expand its rent-to-homeownership model into Allegheny and Westmoreland counties in Pennsylvania. The company said the funding will support the acquisition and renovation of homes aimed at helping low- to moderate-income families transition from renting to owning through financial
LadderUp expands rent-to-homeownership model Read More »
It’s been a day full of news about a possible peace deal with Iran, which would be great news for housing. However, even though mortgage rates have risen due to the conflict lasting longer than anyone initially thought, housing demand has held up, and housing inventory is now on the verge of going negative year
Housing demand stays firm, pushing inventory close to negative YOY Read More »
The California Mortgage Bankers Association (CMBA) voiced strong support for Gov. Gavin Newsom’s proposed $100 million allocation for the Southern California Rebuild Fund included in this month’s revised state budget proposal, the trade group said this week. The proposed funding is designed to expand access to construction financing for homeowners affected by last year’s Southern
California MBA backs $100M fund in governor’s budget proposal for wildfire rebuilding Read More »
Today the Fed hawks killed the doves. On the day Kevin Warsh is sworn in as Fed Chairman, he has lost one of the few doves left on the Fed board: Governor Christopher Waller, whom I would have wanted as Fed chairman. Today, Waller gave a speech about how policy risk has changed and to
New Fed Chair Warsh loses dove as Waller turns hawkish Read More »
The U.S. has too much supply of single-family homes and not enough demand. But why can’t housing starts grow when the White House says we are 10 million homes short? I go back to the 1984 movie “Ghostbusters” and this quote from from Dan Aykroyd’s character: “Personally, I liked the university. They gave us money
Why housing construction can’t grow at current demand levels Read More »