The U.S. is short 4.5 to 5 million homes, says Re/Max CEO Nick Bailey on housing demand

The U.S. is short 4.5 to 5 million homes, says Re/Max CEO Nick Bailey on housing demand

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Nick Bailey, Re/Max CEO, joins ‘Closing Bell Overtime’ to talk housing prices, the state of the real estate market,... Read more »
Affluent buyer demand for move-in-ready luxury properties persists: report

Affluent buyer demand for move-in-ready luxury properties persists: report

Real estate October 27, 2023 “Mixed market messages” defined the luxury home sector in September, per new data published by The Institute for Luxury Home Marketing. Image credit: The Institute for Luxury Home... Read more »
Construction costs will keep in line with inflation as labor demand eases: Bill Shopoff

Construction costs will keep in line with inflation as labor demand eases: Bill Shopoff

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Closing Bell: Overtime Bill Shopoff, Shopoff Realty CEO, joins ‘Closing Bell Overtime’ to talk the state of real estate... Read more »
Job growth will fuel the housing demand in the long term: NAR’s Lawrence Yun

Job growth will fuel the housing demand in the long term: NAR’s Lawrence Yun

After two straight years of double-digit declines, home sales will pick up in 2024 thanks to lower mortgage rates. This is according to NAR Chief Economist Lawrence Yun, who shared a presentation... Read more »
Mortgage rates should drop below 7% as housing demand picks up

Mortgage rates should drop below 7% as housing demand picks up

Purchase application data Hello, early Christmas present! Mortgage rates have fallen by almost 1% in a short time, and it has created four straight weeks of positive purchase application data. I recently... Read more »
Have lower mortgage rates already boosted housing demand?

Have lower mortgage rates already boosted housing demand?

Purchase application data Last year, when mortgage rates fell from 7.37% to 5.99%, we got three good months of positive purchase application data until the first week of February before mortgage rates... Read more »
Mortgage Demand Climbs to Five-Week High As Interest Rates Drop

Mortgage Demand Climbs to Five-Week High As Interest Rates Drop

Mortgage demand experienced a notable surge, reaching the highest level in five weeks, following a decline in interest rates. The Mortgage Bankers Association’s seasonally adjusted index reported a 2.8% increase in demand,... Read more »