Real Estate Market

New to Gathering of Eagles? Here's what you need to know

March 20, 2023 -
If you’ve never attended Gathering of Eagles before, 2023 is your year to come forge opportunities with us and all your fellow colleagues in the real estate industry.  Gathering of Eagles kicks off on June 18 in Austin, Texas. This ...

Housing Market Tracker: Banking crisis is a new variable

March 20, 2023 -
The housing market was crazy again last week. Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom ...

Mom-and-pop landlords stepping in as 'mega-investors' retreat from single-family market

March 17, 2023 -
Single-family home purchase demand by investors remained steady in the fourth quarter of 2022, despite a dip in iBuying and larger investor demand, according to a report released this month by CoreLogic. The share of investor purchases of single-family homes ...

Latest housing starts data is good for mortgage rates

March 16, 2023 -
How is today’s housing starts data, which beat expectations, good for mortgage rates? Typically good economic data is bad for rates, especially in this environment, when a Fed member will come out and say building or buying homes is bad ...

Housing starts increase to meet rising buyer demand

March 16, 2023 -
After pulling back at the start of the year, homebuilders jumped back in during February as homebuyer demand and builder confidence trended upward. Homes were started at an estimated annual pace of 1.45 million in February, up 9.8% month over ...

Silicon Valley’s 'bridge bank' resumes mortgage originations 

March 15, 2023 -
Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers.  “We are ...

With little competition, homebuilders are feeling better

March 15, 2023 -
Despite the volatile mortgage rate environment and overall economic uncertainty, homebuilder confidence slowly continues to rise, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday. In March, homebuilder sentiment in the market for newly built single-family ...

Mortgage lenders, borrowers react to banks closures 

March 15, 2023 -
The Silicon Valley Bank and Signature Bank failures that occurred over the last week have caused even more uncertainty within the mortgage industry. Still, homebuyers took advantage of declining rates provoked by the turbulence and applied for home loans. Meanwhile, ...

Is inflation or recession driving mortgage rates now?

March 15, 2023 -
On Tuesday, we got more confirmation that the Federal Reserve‘s biggest fear — inflation  blowing up to 1970s levels — isn’t happening, according to the CPI data. Even with its most significant component, shelter inflation, keeping core CPI higher than ...

Local Housing Markets: New York, Sarasota and Racine

March 13, 2023 -
Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. New York City, New York In many ways the spring of 2022 marked the full return of New York City and for a real estate agent ...
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