Dallas Real Estate News
Dallas
U.S. Builder Confidence Becomes Cautiously Optimistic in February
According to the National Association of Home Builders, two consecutive solid monthly gains for U.S. builder confidence, spurred in part by easing mortgage rates, signal that the housing market may be turning a corner even as builders continue to contend with high construction costs and building material supply chain logjams.
U.S. Mortgage Rates Begin to Rise, Again
After falling for five straight weeks, U.S. mortgage rates jumped last week, triggering a decline in U.S. mortgage demand. Total mortgage application volume fell 7.7% last week.
Homes Still Enjoyed Price Gains in 90 Percent of U.S. in Q4
According to the National Association of Realtors latest quarterly report, approximately nine out of 10 U.S. metro markets registered home price gains in the fourth quarter of 2022 despite mortgage rates eclipsing 7 percent. Eighteen percent of the 186 tracked metro areas registered double-digit price increases over the same time period, down from 46% in the third quarter of 2022.
U.S. Mortgage Credit Availability Remained Flat in January
According to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association analysis of data from ICE Mortgage Technology, U.S. mortgage credit availability decreased in January 2023.
Dallas Property News
Record Number of U.S. Home Sellers Gave Concessions to Buyers in Late 2022
Posted on January 17, 2023
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