Pro Builder
SEPTEMBER 8, 2022
What Distinguishes Today’s Housing Slump From the 2008 Collapse? With much less financial risk-taking and an increase in equity wealth, today's buyers and homeowners are much more prepared to handle a housing downturn than they were in 2008. Thu, 09/08/2022 - 09:42. Market Data + Trends. Economics.
Pro Builder
JULY 28, 2022
Share of New Home Sales Financed Through FHA Loans Falls to 14-Year Low. Over the last four quarters, the share of new home sales financed with conventional loans has climbed by 4.3 The most recent Quarterly Sales by Price and Financing published by the U.S. were financed through conventional loans, a 1.8 Financing.
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Pro Builder
AUGUST 29, 2022
Adjustable-rate mortgages (ARMs) played a significant role in the Great Recession of 2008, which is why a rising share of adjustable-rate mortgage applications in 2022 raised some eyebrows amid talks of a housing downturn. Lending practices have been reformed after hard lessons learned in 2008. Financing.
Pro Builder
APRIL 11, 2023
Negative profits in 2022 are likely a result of slower housing activity caused by higher financing costs coupled with elevated home prices, leading to lower purchase and refinance volume. "The stellar profits of the previous two years dissipated because of the confluence of declining volume, lower revenues, and higher costs per loan."
Pro Builder
SEPTEMBER 23, 2022
22, the average 30-year fixed mortgage rate increased to 6.29%, up from the previous week’s 6.02%, which was already the highest level seen since 2008. . Financing. According to Freddie Mac, for the week ending Sept. New-Home Sales. Market Data + Trends.
Pro Builder
OCTOBER 25, 2022
While the 2022 housing market downturn doesn’t mirror the 1981 or 2008 crash exactly, it shares traits of both. And as in 2008, the current housing market has become detached from underlying economic fundamentals. Housing Policy + Finance. Financing. It's hard to see that changing anytime soon. Housing Markets.
Pro Builder
SEPTEMBER 15, 2022
According to MarketWatch, mortgage rates have reached 6%, twice what they were a year ago, and the highest they’ve been since November 2008. Housing Policy + Finance. Housing Policy + Finance. Increased mortgage rates give new and experienced homebuyers pause. The 15-year rose to 5.3%. of total applications, rose to 4.83%.
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