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Housing markets

Opendoor shares jump as traders flock to newest meme stock

Housing markets, Mortgage technology /

Opendoor Technologies jumped 120% on Monday, extending its gravity-defying rally from last week, as investors continued to pile into the stock that has found a sudden fandom among retail traders and social-media platforms.  The stock’s triple-digit surge sent shares of the Tempe, Arizona-based company soaring to $4.97, well-above the $1 level it was bouncing around […]

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What’s behind the increase in housing inventory?

Housing Inventory, Housing markets, MARKETING TO BORROWERS, Originations /

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

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Stagnant home sales likely to be a drag on US economy

Economy, Housing markets /

The ongoing slump in existing home sales is quite likely to curb consumer spending in the U.S. in the not-too-distant future, economists at First American Financial warn. With the exception of the fourth quarter of 2024, existing home sales have declined year-over-year for 15 consecutive quarters. But durable goods purchases tied to housing are still

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June sees uptick in new-home loan demand

Homebuilders, Housing markets, Mortgage Rates /

Homebuyers seemed to look past high mortgage rates in their efforts to purchase newly constructed homes last month, offering a bright note amid a broadly uneven housing market. Mortgage applications for new homes increased 8.5% year-over-year in June, according to the Mortgage Banker Association. Applications were down 4% from May, but the report noted that

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Delinquency risk leads to less credit for borrowers

Foreclosures, Housing markets, LOAN PRODUCTS, Originations /

Mortgage lenders tightened their offerings in June in what could be a sign of greater difficulty for borrowers looking to get into a new home.  New data from the Mortgage Bankers Association showed less credit on offer in June, the first decrease since late 2024. The trade group’s Mortgage Credit Availability Index, which tracks loan

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Foreign buyers snapping up U.S. homes again

Housing markets, MARKETING TO BORROWERS, Politics and policy /

While some would-be U.S. homebuyers are feeling squeamish about high interest rates and broader economic uncertainty, foreign buyers are increasingly eager to get a slice of the country’s housing market. Foreign buyers bought more than 78,000 homes between April 2024 and March 2025, according to a study from the National Association of Realtors, a 44%

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Non-QM drives RMBS H125 gains amid uncertain outlook

Housing markets, RMBS, Secondary markets /

For the rest of 2025, it’s an open question if the non-agency mortgage-backed securities market maintains its strong performance from the first six months, given the backdrop of tariffs, economic uncertainty and housing affordability, said Morningstar DBRS. Issuances in the first six months of 2025 topped volume for the same period in 2024 and credit

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Caution signs appear as home price depreciation spreads

Home Prices, Housing markets, MARKETING TO BORROWERS, Originations /

In June, home price growth cooled to its slowest pace in two years, with over a quarter of top U.S. markets posting annual price depreciation, according to the latest data from Intercontinental Exchange. The rate of annual growth decelerated to 1.3% across the country in June, falling from 1.6% a month earlier, ICE’s mortgage technology

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No Fed cut in July, nearly all economists surveyed say

Economy, Federal Reserve, Housing markets, Mortgage Rates, Politics and policy /

Despite speculation following the Federal Open Market Committee’s June meeting that a rate cut could come as early as this month, most economists still expect the central bank to hold off until September or later. Only one respondent in Wolters Kluwer’s Blue Chip Economic Indicators survey, conducted July 7 and 8, after the stronger-than-expected June

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