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 […]
Today, rental vacancy data stands at 7.2%, while the lowest during COVID was 5.6%. Rent inflation increased during the coronavirus crisis, bringing headline CPI inflation to a high of 6.6% year on year, but currently stands at 2.5%. Since late 2022, I have been convinced that the Federal Reserve really wanted to attack the labor […]
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 […]
In total, 20% of leaders surveyed lead companies with more than 1,000 agents. Another 7% manage 501 to 1,000 agents; 38% manage 101 to 500 agents; 20% manage 21 to 100 agents; and 15% manage 20 or fewer agents. This was the fourth year the company conducted the study. “After four years of tracking broker […]
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 […]
“For years, analysts have held out hope that the aging baby boom generation would trigger the ‘Silver Tsunami’ – a massive wave of homes being unlocked and coming back onto the market,” the paper said. report declared. “However, new data indicate that the Tsunami may instead hit the beach as a gentle, rolling wave.” California’s […]
Mortgage spreads and the 10-year interest rate Mortgage spreads have been very damaging to housing demand in recent years as they have kept interest rates higher than normal. However, 2026 will be the first year where spreads start the year near normal and could be back within their normal range this year This means that […]
