Tag Archives: First American

Low housing supply and rising prices sent pending sales downward as contract signings dropped in all regions of the nation.

Even with rates heading back down to the 3% mark, many single‐family home buyers are being outpriced with lumber costs again on the upswing.

After securing a $12.5 million investment, Candor CEO Showalter details how the deal came about, and how it will take the company’s AI-decisioning technology to the next level.

NAR reports that pending home sales rose in October, with buyers fearing a spike in rates took advantage of the limited supply available.

Still hampered by supply-chain concerns, home builders slowed their pace in October, as buyers absorbed a 12.3% annual increase in construction costs.

After dipping below the 3% mark last week, fixed-rate mortgages climbed on the strength of a rise in consumer spending and improvements in unemployment.

Continued shortages in building materials, labor, and land contributed to a monthly decline in October new housing starts.

For the first time in over a month, mortgage rates have dropped below the 3% mark, signaling a strong finish for the purchase and refi markets to close out 2021.

Despite pessimism regarding the U.S. economy, and a predicted rise in rates, a new GSE poll found homebuyer sentiment on the rise in October.

The days of rates in the 3% range may be numbered, as yesterday’s actions by the Fed to begin tapering may put upward pressure on rates moving forward.