On today’s Hot Sheet, Byron Lazine discussed a New American Funding survey showing that 85% of homeowners wish they’d known more before buying, including the availability of down payment assistance, the challenge of finding an affordable home, and the higher-than-expected cost of maintenance.
He also covered Redfin data showing nearly 53,000 U.S. home-purchase agreements were canceled in March, tying 2023 for the highest March cancellation share on record outside of 2020.
For today’s third topic, Byron reviewed the latest U.S. Department of Labor weekly unemployment report showing initial claims rose to 214,000 while insured unemployment increased to 1.821 million.
