Mortgage rates and the 10-year yield both hit yearly highs after the Friday massacre in the bond market, as we didn’t get any positive news on ending the conflict in Iran. Even with all that, our weekly pending home sales data is still positive year over year, for now. The weekly mortgage purchase application data […]
Mortgage rates are at yearly highs, but housing demand is still positive Read More »
The real estate industry is preparing for the wrong disruption. For two years, brokerages, MLSs and trade groups have been consumed by the AI conversation. What tools to buy. Which workflows to automate. How to compete with ChatGPT-native upstarts. It’s a legitimate conversation, but it isn’t the one that’s about to redefine the business. The
Since 2012, every year we have heard that it’s about to be 2008 all over again for the housing market, as people try to get attention by implying home prices are going to crash like they did starting in 2007 and ending in 2011. However, the housing credit markets have changed in such a fashion
Why a 2008 housing crash can’t happen again Read More »
The prices for goods and services continued to climb month-over-month in April, but at a slower pace than they did in March. In April the Consumer Price Index for all items rose 0.6% from a month prior on a seasonally adjusted basis, according to data released Tuesday by the U.S. Bureau of Labor Statistics. This
April CPI rises 0.6% as annual inflation ticks up to 3.8% Read More »
One positive housing story that really isn’t getting any love is the inventory growth we have seen since the lows of 2022. Why is that positive? Well, more inventory means more choices, a better buyer’s market, and less price growth — all things the housing market needs to get healthy again. I believe this is one
Inventory growth making housing more affordable Read More »
Housing data once again remained resilient last week even as mortgage rates are closer to yearly highs than lows, with demand hitting multiyear highs in our weekly pending home sales data. Housing isn’t booming by any means, but it’s holding up well considering all the drama we have had in 2026. Also, our weekly active
Positive housing demand leads to inventory almost going negative YOY Read More »
Rising inventory has often meant homes are taking longer to sell. That may be starting to shift in 2026. New HousingWire data suggests the 2026 housing market is becoming more capable of processing available inventory, even as more homes come online nationally. National inventory was up 2.3% year over year in the latest weekly data,
Inventory is rising, but homes are selling faster Read More »
For years, multifamily underwriting has treated population growth as a constant factor. However, that assumption has masked an important distinction: not all demand is created equal. Workforce housing demand and Class A housing demand are increasingly being driven by different forces. This divergence is becoming more visible in current data. First-quarter data point to a
Mortgage spreads are once again the unsung hero for housing in 2026 because they are the sole reason why mortgage rates have been under 6.65% the entire year! Last week, the benefits of mortgage spreads being close to normal were very evident: if we currently had the highest levels of mortgage spreads in 2023, 2024
Mortgage spreads are the only thing keeping rates under 7% Read More »
U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner said the agency is rescinding energy-efficiency requirements tied to loans backed by the Federal Housing Administration (FHA) and U.S. Department of Agriculture (USDA). Turner announced the move Tuesday at HousingWire’s The Gathering in Austin. A 2024 rule under the Biden administration had made new
HUD rescinds FHA, USDA energy efficiency rule for new homes Read More »