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Mortgage Demand Drops to Its Lowest Level in 22-Years

June 9, 2022 by Ted Leave a Comment

mortgage demand declines

Almost weekly now, we are regularly seeing new data showing the dramatic slowdown of the housing market. A case in point is the latest data from the Mortgage Bankers Association which tracks the weekly demand for mortgages for both home purchases and for refinancing. The Association reported that its index hit its lowest level in demand for mortgages in 22-years.

See more on the slide in mortgage demand

[Read more…] about Mortgage Demand Drops to Its Lowest Level in 22-Years

Filed Under: Economic Trends, Financial, Housing Tagged With: mortgage applications

Shocking 30+% Drop in Housing Construction Starts; But a Turnaround May Be Lurking

May 21, 2020 by Ted Leave a Comment

a machine gets ready to start constructing a housing project

Existing Home Sales Decline as Well

I’ve been saying for a while now that really, really tough economic data was coming. Even though it was obvious to many of us that the economy was crashing – thanks to COVID-19 – it takes time for backward-looking statistics to catch up. Well, now they’re starting to catch up and with overall residential housing construction starts dropping an eye-popping 30.2% in April…they are ugly.

But read on to see why one piece of data seems to suggest that a housing turnaround make be lurking in the near future – or is even already here…

Learn more about this new data on the housing market…

[Read more…] about Shocking 30+% Drop in Housing Construction Starts; But a Turnaround May Be Lurking

Filed Under: Associations, News, Pivot Point, Statistics Tagged With: existing-home sales, housing starts, mortgage applications, residential construction

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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