mortgage-rates-will-remain-higher-longer 
Pro Builder
FEBRUARY 15, 2023
Will Mortgage Rates Fall Ahead of the Spring Buying Season? ldeakins Wed, 02/15/2023 - 11:08 A slight dip in the 30-year fixed-rate mortgage is thawing a winter market characterized by slow buyer activity. With rates mid-6% and lower, we’ve gotten strong buyer demand,” he says. Inflation was up 6.4%
Pro Builder
JANUARY 18, 2023
As Interest Rates Fall, Mortgage Demand Jumps 28% In One Week. Interest rates are down to their lowest level since September, and that slight improvement in housing affordability is motivating buyers to make a hasty return to the for-sale market. Wed, 01/18/2023 - 11:21. for loans with a 20% down payment. Affordability.
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Pro Builder
FEBRUARY 2, 2022
Mortgage Interest Rates Are Rising, But Experts Say There’s No Need to Panic. Buyers are racing into the real estate market to avoid being priced out by mortgage gains, but rates will remain around historic lows, and rate locks offer an added cushion. at the end of 2022, remaining near historic lows.
Pro Builder
MARCH 24, 2021
It could be a sign that strong demand will continue despite new-home sales dropping and mortgage rates rising in February. MarketWatch analysts projected new-home sales to occur at a seasonally-adjusted annual rate of 879,000, but February starts only reached 775,000. since January, new-home construction remains 8.2%
Construction Enquirer
MAY 1, 2023
Private housing new build, and private housing rm&i account for around 40% of total construction output and are forecast to be the sectors most impacted by falling household incomes and higher interest rates. In infrastructure, forecast growth rates have been downgraded in the Spring forecasts to 0.7% in 2023 and 1.2%
Pro Builder
AUGUST 3, 2022
The market has remained fairly steady on the supply side, which is likely due to higher mortgage rates, which have priced out potential first-time homebuyers, keeping them in rental units for longer. Apartment List data shows an increase of 6.7% The Owners’ Equivalent Rent (OER) was up 5.5% YoY in June, from 5.1%
Pro Builder
MARCH 6, 2023
Amenities no longer necessarily translate directly to number of rooms or types of features within the home either—it can also be simply having a space within the home that provides respite. And people will pay a little more for solutions, such as cabinetry add-ons that eliminate dead space, that add utility.”
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