After projections from the FOMC meeting were announced yesterday, mortgage rates fell by 27 basis points to 6.82%. Tom Toole shares two scripts you can start using today to share this information.
On Friday, November 17th, Ivy Zelman joined CNBC “Squawk Box” hosts to discuss the state of the U.S. housing market, new home builder incentives, the impact of mortgage rates on existing home sales, and her outlook for 2024 and 2025.
The MBA, NAR and NAHB wrote a letter to Fed Chairman Jerome Powel urging the Fed to take steps to provide market certainty about rate hikes.
In a Fox Business interview, Redfin CEO Glenn Kelman reacted to the latest news on the U.S. housing market, warning that mortgage rates are unlikely to ease in 2023. And a CNBC article shows a decline in consumer sentiment despite an improvement in job numbers.
This week on the Hot Sheet, Byron Lazine broke down the newest home price indices from Case-Shiller and the Federal Housing Finance Agency (FHFA), as well as a housing market prediction from Robert Shiller.
As the newest part of his crackdown on “junk fees,” President Biden has targeted hidden rental costs that put additional strain on renters. In full support of these efforts, Zillow has introduced a new tool designed to improve rental cost transparency.
A recent study by Point2 identified the top million dollar markets—small, mid-sized, and large—with the highest shares of homes listed above $1 million. California has four of the top five large markets with the highest shares of homes listed at over $5 million.
Here are three reasons why converting office space won’t solve the housing shortage. In the latest episode of Bloomberg’s Odd Lots Podcast, developer Joey Chilelli explains the challenges of converting vacant office buildings for residential use.
CNBC’s Jim Cramer reacts to the Fed’s decision to hold rates steady after ten consecutive rate hikes. Pointing to housing as the issue at the epicenter of inflation, he speculates as to what it will take to end the cycle and effectively bring down inflation.
his week’s Hot Sheet recap includes updates on active housing inventory, mortgage demand, the Fed’s meeting minutes, and other industry news covered by Byron Lazine for the week of July 3rd-7th.
This week’s Hot Sheet recap includes updates on Jerome Powell’s testimony, the increase in builder sentiment, the fate of commercial real estate, and other industry news covered by Byron Lazine for the week of June 20th – 23rd.
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose five points in June 2023 to 55, lifting builder confidence into positive territory, thanks to solid buyer demand, lack of inventory, and improved supply chain efficiency.
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