The housing supply may not be able to keep up with demand next year, says Wedbush's Jay McCanless

The housing supply may not be able to keep up with demand next year, says Wedbush's Jay McCanless

Jay McCanless, Wedbush housing analyst, joins 'Power Lunch' to discuss the housing sector. Source link Read more »
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 »