Latest Updates Around The World
Iran conflict Traditionally, when there was a military conflict in the Middle East, people expected money to flow into the US dollar and the US bond market as a safe haven, and oil prices to rise. But this really hasn’t happened in recent years. Part of this, I think, is that traders are not afraid […]
Weekly ongoing sales The pending home sales data provides a week-to-week perspective, although results can be affected by holidays and short-term fluctuations, such as January’s massive winter storm. We were showing year-over-year growth at the beginning of the year and that snowstorm slowed things down. Two weeks ago we had a nice week-to-week data print. […]
Weekly ongoing sales Pending home sales data provides a week-to-week perspective, although results may be affected by holidays and short-term fluctuations, such as the recent winter storm that hit the country. I was expecting a small bounce last week and we were just a little higher than what I was looking for. The winter effect […]
Weekly home inventory data Inventory fell week over week, which isn’t a total surprise for last week, but the magnitude of the drop was notable, and I attribute this to the snowstorm as we saw a year-over-year decline in new listings data. Soon the impact of this storm will pass and we will get back […]
Mortgage purchase application details 2026 has had the best start in years for application data buying, with multi-year highs in this index last seen in early 2023, when rates hit 5.99% before rising to 8% later that year. This year, however, conditions for mortgage rates are significantly different: the Fed has already cut rates substantially […]
Mortgage purchase application details Purchase request data had another positive week, both on a weekly and annual basis. The main goal with this data set is to get at least 12 to 14 weeks of weekly gains, and so far the year is moving in that direction. Last week we saw 5% week-on-week growth and […]
Weekly home inventory data Housing inventory is expected to hit a seasonal low sometime in early 2026, hopefully sooner rather than later. We don’t want what happened in 2023, when the seasonal bottom was reached in April. We wish the seasonal bottom would occur in February: more supply means less price growth and better affordability. […]
Weekly home inventory data Housing inventory is now in the traditional seasonal slump for December, but the inventory growth story, which I was pleased to see earlier this year, has changed a lot in recent months. The latest stock growth rate has now fallen to 13.54%, which is still positive, but not as strong as […]
Mortgage purchase application details Mortgage purchase application data is a forward-looking indicator as it typically takes about 30 to 90 days for purchasing apps to lead to home sales. In some cases it may even be longer, as most sellers are homebuyers and it depends on how long it takes to sell and buy their […]
Mortgage purchase application details The past three years have shown that when mortgage rates fall below 6.64% and move towards 6%, purchase application data improves, especially from week to week. In recent years we have not been able to keep interest rates near 6% long enough to gain real traction. This year we were able […]
