Posts Tagged ‘mortgage applications’
🏡 Buyer Leverage Grows as Price Cuts and Inventory Rise 📉📈
Inside Lending For the week of JULY 7, 2025 QUOTE OF THE WEEK “Cure for an obsession: get another one.”—Mason Cooley, American aphorist NATIONAL MARKET UPDATE Residential construction spending slowed a trifle in May compared to the revised estimate reported for the month before. Homebuilders are curtailing spending as they focus on completions to meet…
Read More📉 Market Stability. Growing Inventory. Buyer Advantage?
QUOTE OF THE WEEK “What’s the use of happiness? It can’t buy you money.”—Henny Youngman, English-born American comedian and musician NATIONAL MARKET UPDATE The Mortgage Bankers Association (MBA) reported “purchase applications were 20% ahead of last year’s pace, continuing to show strength” last week, as “homebuyers seem to be taking advantage of loosening housing inventory.” The MBA…
Read MoreHomebuyer Activity Shows Signs of Warming Up for Spring
Kevin Brierton – 4.10.2023 The spring season appears to be warming up in housing as more and more buyers enter the market. And after rising mortgage rates sidelined so many buyers last year, that’s a good sign for sellers. Realtor.com has the latest: “Spring is officially here, and like green shoots emerging from the bleak…
Read MoreLower Mortgage Rates Are Bringing Buyers Back to the Market
Kevin Brierton – 1.31.2023 As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling. Now, however, rates are beginning to come down—and buyers are starting to reenter the market.…
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