Housing market demand is holding, but pricing gaps are breaking deals
Housing demand is holding as mortgage rates rise. New data points to growing friction between buyers and sellers across markets.
Housing Market
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First fully rebuilt Palisades home testing post-fire demand
The listing arrives as rebuilding activity gains traction, with roughly 650 permit approvals to date and nearly 475 burned lots having traded.
Immigration policy, economic uncertainty reshaping housing market
Builders are reporting sales impacts from policy shifts as consumers become increasingly skeptical of traditional “dream home” marketing.
How the ROAD to Housing Act could improve home affordability
The ROAD act targets a 37% affordability gap with supply incentives, ADU support and small dollar mortgage fixes, with limits.
Housing demand holds up despite mortgage rates at yearly highs
Mortgage rates ended the week at 6.64%, purchase apps slowed to 5% YoY, inventory rose to 713,549 and mortgage spreads were about 2%.
Mortgage rates now closer to 7% than 6% as the Iran war escalates
Mortgage rates have risen from sub 6% to 6.62% as the Iran conflict escalates, while purchase apps fell 5% and growth slowed to 5%.
Regional markets back demand resilience as rate pressure builds
Housing demand remains resilient across major metros as mortgage rates rise. Texas, California and Midwest markets sustaining pending sales.
California MBA urges guardrails for bill targeting wildfire-related forbearance
CMBA told lawmakers that AB 238 aids short-term relief, but insurance delays and permitting backlogs are stalling wildfire recovery.
Housing demand still growing as mortgage rates reach inflection point
Despite higher oil prices and mortgage rates and no indication that Iran war is ending, existing home sales posted another positive week.
Mortgage rates are breaking higher — and things can get worse with Iran conflict
The Iran war pushed the 10-year yield above a key level Friday and mortgage rates are headed higher as the conflict drags on.