Key insight: Federal Reserve Chair Kevin Warsh hailed rising market interest rates between Federal Open Market Committee meetings as a positive development. Expert quote: “Market participants are learning to play the ball, not the referee, and market prices will continue to respond in the direction and magnitude they see fit. This is, in my view, […]
Warsh welcomes yield spikes as ‘change for the better’ Read More »
Buyers finally have leverage, but they aren’t using it, and that gap is now the central problem in purchase lending. Processing Content The typical home sells below list price in 41 out of the U.S. largest metros according to Best Interest Financial’s analysis of Redfin data. Price-drop activity declined compared to the previous year in
Home sellers are cutting prices as pipelines slow Read More »
Housing supply and consumer financial worries appear to have a larger effect than headline mortgage rates in subduing the current home purchase market, according to a new survey of lenders. Processing Content In research conducted by buy-before-you-sell firm HomeLight, 46% of loan officers said an inadequate supply of affordable entry-level starter homes represented the biggest
What loan officers really think holds back housing activity Read More »