Flat
NAR: Contract Signings Flat, More Inventory ‘Critical’
The spring homebuying season is milder than in recent years, but it’s not being driven by a lack of consumer interest in housing. www.nar.realtor – Research
BCI Flat Again as Brokers Ramp Up Spring Marketing
Stay the course. That appears to be the choice of brokers all over the country leading into a stratified, potentially shaky spring market, as RISMedia’s gauge of broker sentiment, the Broker Confidence Index (BCI), has remained essentially unchanged since January, with real estate business leaders moving with cautious optimism through March. After a huge jump… […]
Homebuilding Dragged Down by Supply Problems; Rates Are Flat And Calm
Housing starts fell back from the annual rate of 1,733,000 units reported for March. Residential starts in April were down 9.5 percent to a seasonally adjusted annual rate of 1,569,000 units. This was also a slight rollback for the March estimate, which was originally reported at 1,739,000 million units. At that level, they were the […]
Mortgage Rates Mostly Flat Despite Stronger Bond Market
Posted To: Mortgage Rate Watch Mortgage rates are mostly determined by the trading levels of mortgage-backed bonds on the open market. When those bonds improve, mortgage rates move lower, all other things being equal. For a variety of reasons, that typical relationship has been hit and miss on any given day since the pandemic began. […]