Byron Lazine, Tom Toole, and Lisa Chinatti discuss the latest CPI report and what it means for mortgage rates, close to peak rent inflation, Lawrence Yun calling out the Fed, and another drop in inventory.
Realtor.com has released its Monthly Housing Trends Report for April 2023, revealing how a lack of sellers is impacting the spring housing market as buyers have a harder time finding homes and affording them with higher rates and home prices.
Tom Toole and Lisa Chinatti discuss the drop in mortgage rates after the Fed’s latest rate hike, whether Powell’s speech was actually positive, the April monthly housing report trends, and Q2 strategy advice for knowledge brokers.
Byron Lazine, Tom Toole, and Lisa Chinatti discuss rising inventory and home prices, confusing headlines, home price increases, an increase in mortgage applications, predictions on the Fed’s next move, and why 2023 is nothing like 2008.
In the race to homeownership, Gen Z gained a slight edge over their parents’ generation. A new Redfin report shows 30% of Gen Z reached homeownership by age 25 in 2022, compared to 27% of Gen X, 28% of millennials, and 32% of baby boomers at that age.
Four different housing market updates—from Fannie Mae, Redfin, NAR and Zillow—highlight home price changes and challenges for entry-level home shoppers. At first glance, opposing headlines could be confusing for consumers.
The latest Mortgage Monitor Report from Black Knight, Inc. shows the first monthly increase in home prices after seven straight months of decline.
According to the National Association of REALTORS® (NAR), existing home sales increased 14.5% month over month in February but fell 22.6% year over year. Meanwhile, inventory remains low and higher mortgage rates are keeping sellers on the sidelines.
Byron Lazine, Tom Toole, and special guest Lisa Chinatti discuss the return of 7% mortgage rates, persistently low inventory, and the mortgage rates forecast. They also weigh in on whether the Fed screwed up and made things worse.
Zillow reports buyers can expect competition for well-priced homes. Redfin reports buyer demand has cooled due to rising mortgage rates but is still stronger than last fall. The question is, how strong will buyer demand be this spring?
Byron Lazine and Tom Toole discuss the recent Fed meeting and the 25 basis point rate hike, falling inventory, the drop in showing traffic, the latest jobs report, and the second-biggest home price correction since World War II.
Zillow reports the U.S. housing market is closer to “normal,” with lower mortgage rates, inventory still less than ideal but more in line with seasonal expectations, and time on market higher than a year ago but lower than pre-pandemic norms.
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