Rising Rates Crushing Homebuyer Hopes

Byron Lazine, Tom Toole, and Lisa Chinatti discuss their outlook for the rest of 2023, the 64% of Americans waiting for rates to drop, the shortage of homes for buyers with median incomes, why 7% is too high for today’s market, the next Fed meeting, and a Steve Harney Tweet on foreclosures.

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      Rising Rates Crushing Homebuyer Hopes

      Byron Lazine, Tom Toole, and Lisa Chinatti discuss their outlook for the rest of 2023, the 64% of Americans waiting for rates to drop, the shortage of homes for buyers with median incomes, why 7% is too high for today’s market, the next Fed meeting, and a Steve Harney Tweet on foreclosures.

      Read More
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      SHOWS

      Mortgage Lending Activity Falls to 20-Year Low in Q1

      BAM Key Details:
      ATTOM released its U.S. Residential Property Mortgage Origination Report for Q1 2023, showing a 19% quarterly drop in the total number of residential loans—to its lowest point since 2000.
      Both refinance and purchase mortgage originations fell nearly 20% from the previous quarter, with refis down 85% year over year.
      Home equity lending also fell for the second quarter in a row.

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