Shares of D.R. Horton rose the most in more than five years as the homebuilder posted earnings that beat expectations even as the US housing market remains sluggish. Horton shares surged as much as 14% after the company released results for the fiscal third quarter, the biggest intraday gain since April 2020. The builder’s stock […]
D.R. Horton jumps on profit beat despite soft housing market Read More »
In a move to overhaul how California manages its housing and homelessness response, Gov. Gavin Newsom has proposed to divide the state’s Business, Consumer Services and Housing Agency into two distinct entities — the California Housing and Homelessness Agency (CHHA) and the Business and Consumer Services Agency. With no veto coming from the California State
California creates office dedicated to housing, homelessness issues Read More »
For-sale housing inventory is sitting at its highest point in years despite a pullback in new listings, and the contrasting numbers indicate long-standing affordability challenges are still impacting the market, leading real estate brokerages found. Approximately 1.36 million homes were on sale in June, the greatest volume since late 2019, according to the latest data
What’s behind the increase in housing inventory? Read More »
In a week marked by discussions of the potential firing of Federal Reserve Chair Jerome Powell and inflation data, mortgage rates remained relatively calm, thanks to improvements in mortgage spreads. Mortgage spreads have improved significantly since 2023, leaving us just 0.49% from normal levels, based on the data we use. This means we can achieve
Mortgage spreads are almost back to normal Read More »
US housing starts rebounded in June on the strength of multifamily building, while weakness in the larger single-family market pointed to ongoing struggles with bloated inventories and affordability constraints. New residential construction increased 4.6% to an annualized rate of 1.32 million homes last month, picking up after an almost 10% slide in May, according to
Housing starts rebounded in June on apartment construction Read More »
Veteran entrepreneur Phillip Cantrell distills four decades of hard-won business wisdom into his newly released book, “Failing My Way to Success: Lessons from 42 Years of Winning (and Losing) in Business,” which officially launched July 15. The founder and CEO of Benchmark Realty — who sold the company to United Real Estate in 2020 —
Phillip Cantrell’s book offers blueprint for real estate entrepreneurship Read More »
Housing inventory decreased last week, while purchase application data grew 25% year-over-year! What is happening in the housing market? In the two weeks leading up to the July 4th holiday week, our weekly Housing Market Tracker showed that housing data was stabilizing as mortgage rates approached their lowest levels of the year. However, with July
Housing inventory actually fell last week. What is going on? Read More »
The U.S. faced a shortfall of 4.7 million homes in 2023 — the largest housing deficit on record — according to a new Zillow analysis of U.S. Census Bureau data. Persistent inventory shortages continue to drive the national housing affordability crisis, limiting access to homeownership and forcing millions of people to share homes with non-relatives.
Zillow: US housing shortage hit 4.7 million in 2023 Read More »
Headlines that call Cape Coral, Florida, the “worst housing market in America” and liken it to precursors of the 2008 financial crisis have garnered discussions across the real estate industry. But local experts and data suggest the reality is far more nuanced. While a recent article from The Wall Street Journal highlighted falling home prices,
Agents say Cape Coral’s housing market is correcting, not crashing Read More »
One of the most surprising pieces of housing economic data for 2025 is that purchase apps for the existing home sales market have shown 22 weeks of year-over-year growth. And that includes nine consecutive weeks of double-digit year-over-year growth in recent weeks. Normally, this would be a significant news story, but the confusion surrounding this
Why mortgage purchase apps are on a 22-week growth streak Read More »
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