Consumer Sentiment Improves While Buyers Still Face Rate Pressure
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Consumer Sentiment Improves While Buyers Still Face Rate Pressure
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Ed Parcaut and Mike Kelly cover pending home sales, housing starts, builder confidence, foreclosure activity, California listings, mortgage buydowns, and consumer sentiment.
Pending home sales fell 5.4%, breaking a four-month streak of gains. Housing starts jumped nearly 20%, but the move was driven mostly by multifamily construction, not single-family supply.
Ed and Mike also discuss builder confidence, foreclosure filings, short sales, California market activity, and why temporary buydowns can help buyers manage the first year of payments.
A fast real estate and mortgage market update with the usual Real Estate Jerky bite.
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