Tag Archives: decline

Mortgage jobs post first two-month decline since 2019

Jobs at non-depositories active in housing finance in March declined for two months in a row for the first time since 2019, according to Bureau of Labor Statistics estimates. The number of people on nonbank mortgage-banker and broker payrolls fell to 422,100, compared to 426,200 the previous month and 428,000 in January. Those numbers confirm […]

Mortgage Rates SKYROCKET to 5% and… Pending Home Sales Decline

The average 30yr fixed rate mortgage surged to 5% today to the highest levels since November 2018! Mortgage rates have now skyrocketed 1% in the last ~3 weeks! In today’s housing market update, I share some possible ramifications of this surge in interest rates and what would need to happen for a housing market crash. […]

Home prices hit new highs as listings decline: Redfin

Homeowners are opting to stay in place amid rising interest rates and economic uncertainty, bringing housing costs to new heights, Redfin reported. The number of active home listings dropped to 469,304 in the four-week period ending March 20, a 23% year-over-year decline, according to data released by the real estate brokerage. New homes listed for […]