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Single-family housing starts fell in April, but multifamily gained momentum
April housing starts rose 4.6% year over year while single-family starts fell 2.4%, and new home inventory declined 4.6% from last year.
Can the housing market weather the storm as mortgage rates climb past 6.7%?
HousingWire Veri shows 30-year conforming rates at 6.77%, FHA at 6.33% and jumbo at 6.89% as the 10-year yield rises amid Iran conflict.
Pending home sales rise 1.4% in April, NAR says
NAR says pending home sales rose 1.4% in April to 74.8, up 3.2% year over year, with monthly gains led by the Northeast.
Mortgage rates are at yearly highs, but housing demand is still positive
Pending sales rose to 78,006 and purchase apps rose 7% yearly, even as mortgage rates hit highs and yields neared 4.60%.
Mortgage rates are at yearly highs, but housing demand is still positive
Pending sales rose to 78,006 and purchase apps rose 7% yearly, even as mortgage rates hit highs and yields neared 4.60%.
Why a 2008 housing crash can’t happen again
Housing credit changed after 2005 bankruptcy ıslahat and the qualified mortgage rule, limiting leverage and curbing ARM-era risk.
