The Monday Show

New home pending sales jumped for the fifth straight month in April to the highest level since last April, housing inventory jumped for the first time in three weeks but remains down 14% from the beginning of the year, and markets are down ahead of new home sales data which is expected to fall 3.0%...

• New Home Pending Sales Rise For 5th Straight Month in April
• Inventory Rises For The First Time In Three Weeks
• Markets Down Ahead of New Home Sales Data

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Jobless claims once again beat economist projections, a new report shows investor interest in real estate is falling back to pre-pandemic levels, and it is jobs week so all eyes will be on Friday's nonfarm payroll...

Sources:

• THIS WEEK: It's Jobs Week
• The Death of Investor Buying Has Been Greatly Exaggerated
• Jobless Claims Unexpectedly Fall

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Home price growth slows faster than expected in December, pending home sales skyrocket to start 2023, consumer confidence unexpectedly falls in February, and Miami retakes the top spot for those looking to move...

Sources:

• Home Price Growth Slows Faster Than Expected
• Pending Home Sales Jump 8.1% To Start 2023
• Consumer Confidence Unexpectedly Falls
• Everyone Wants To Move To Florida

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

Summary: January's PCE price index was the worst-case scenario with the index actually increasing for the month, new home sales jumped way more than expected, and it's a busy week for housing data.

• Fed's Prefered Inflation Guage Hotter Than Expected
• New Home Sales Skyrocketed To Start 2023
• This Week: Housing Data

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Mortgage demand falls to a 28-year low, mortgage jump for the third week in a row, total home value in the US falls $2.3T between June and December, and jobless claims stay under 200k...

Sources:

• Mortgage Demand Falls To 28-Year Low
• Mortgage Rates Jump For Third Week
• Homeowners Lose Trillions
• Jobless Claims Stay Under 200k

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Existing-home sales disappoint to start 2023, home prices could fall into negative territory in February, housing inventory levels continue to fall, and single-family rents continue to slow...

Sources: 

• Existing-Home Sales Unexpectedly Fall To Start 2023
• Single-Family Rent Growth Slows For 8th Straight Month
• Housing Inventory Falls For Fourth Straight Week

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY:  Investor activity in the housing market sees the biggest year-over-year drop on record, crash bros who were once worried about too much investor activity are now worried about too little investor activity, Zillow apparently sucks at doing mortgages, Annie Lowrey in the Atlantic breaks down the housing theory of everything, and its a slow week ahead for economic data.

Sources

• Investor Purchases See Biggest Drop Ever
• Zillow Signals More Pain Ahead in Online Real Estate
• This Week: Housing Data
• Everything Is About the Housing Market

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: The Producer Price Index comes in much hotter than expected, new housing data is underwhelming, retail sales are much hotter than expected, home builder confidence sees a decade-high jump, and mortgage rates jump for the second straight week.

Sources:

• Housing & Inflation Data Disappoints
• Inflation Data Disappoints
• Mortgage Rates Increase For Second Week
• Retail Sales Jump Even More Than Expected
• Home Builder Confidence Reports Biggest Jump In A Decade

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Consumer price growth slowed in January but not as much as economists were expecting thanks to a big jump in housing costs as well as food and energy prices, rate lock volume jumps over 30% in January showing resiliency for the mortgage industry, housing inventory defy expectations and continue to fall, and Conor Sen writes that higher rates might be in the housing markets best interest...

Sources:

• Slowing Price Growth Slowed
• Mortgage Demand Jumps To Start 2023
• Higher Mortgage Rates Is What the Housing Market Needs Now

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Home price growth slows to 6.9% year-over-year growth in December, home prices are now down 3.0% from the peak, power buyers that popped up during the housing boom are not likely to last much longer in a new slower market, and consumer credit sees the smallest monthly increase in two years...

Sources:

• Home Price Growth Falls To 6.9% To End 2022
• Cash Is No Longer King
• Credit Crunch

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201