The Monday Show

SUMMARY: Home prices dip 5.0% to end 2022,  homes affordability improves slightly in December, January's purchase demand sees the biggest jump in over 5 years, and inventory levels fall to 6-month lows...


Sources:

• Home Prices Fall 5.0% From Peak
• Housing Inventory Falls Again

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 jobs report crushes expectations with over 500k new jobs and an unemployment rate at a 50-year low, some economists raised concerns that this number is too big and there could be seasonal measurement errors, and this week has some economic reports but its kind of a light week after last week's overload of data...

Sources:

• Huge Jobs Report To Start 2023
• This Week: Government Money

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

SUMMARY: Homeowner equity falls slightly in the fourth quarter of 2022 but remains almost double pre-pandemic levels, Fed Chair Jerome Powell announces rate hikes are staying the course, construction spending falls more than expected to end 2022, and jobs data seems to show a continued tight labor market...

Sources:

• Home Equity Falls Slightly For Frist Time Since 2020
• Fed Hikes Rate By A Quarter Of A Point
• Construction Spending Falls More Than Expected

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 slowed to levels not seen since 2020 in November while some major metro areas in the southeast remain relatively hot and consumer confidence unexpectedly fell to start 2023...

Sources:

•  Home Price Growth Falls To Lowest Level 2020
• Consumer Confidence Unexpectedly Falls

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

SUMMARY:  Stephen Curry goes full NIMBY as the city of Atherton looks to build an affordable housing development near his $30 million mansion, Wall Street investors are currently getting their clock cleaned by amateur housing investors as the myth of the Wall Street housing behemoth is destroyed, and Altos Research reports housing inventory falling to the lowest level since June 2022...

Sources:

• Stephen Curry Gos Full NIMBY
• From Bad To Worse: Wall Street's Housing Bet
• Housing Inventory Falls 1.4% For The Week

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

SUMMARY: Pending home sales unexpectedly increased in December which was the fourth report showing positive housing sales in December, new inflation data shows price growth is slowing as spending falls for the second month, and it's a busy week with the big Fed decision on Wednesday...

Sources:

• Pending Home Sales Unexpectedly Rise to End The Year
• Inflation Slows As Expected As Spending Falls More Than Expected
• This Week: The Fed, Jobs, & Home Prices

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 jumped 7% for the week which is the third straight week of increases to start 2023, pending home sales and foreclosure data is all good sign for housing to end 2022, and Goldman Sachs has a warning for some housing markets...

Sources:

• Mortgage Demand Up For The Third Week
• Pending Sales Up & Foreclosures Remain Down
• Warning From Goldman

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

SUMMARY: A new survey finds that 28 million people want to buy a home in 2023 and new home pending sales fell for the year but were up in December...

Sources:

•  About 28 Million Americas Would Like To Buy A Home In 2023
• Positive Pending Sales To End The Year

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

SUMMARY:  Record number of people looking to move in Q4 of 2022 looked outside their metro area, inventory levels remain stagnant as we start 2023, and apparently gas stoves aren't just a current political football they apparently can also help a home's resale value...

Sources: 

• High Costs & Rates Push Wannabe BuyersInto Other Metros
• Housing Inventory Unchanged From Last Week
• Gas Stoves Move Homes

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 plummet in November as mortgage rates hit a 20-year high, mortgage demand is up for the second week in a row, and consumer confidence jumps to a 10-month high in December...

Sources:

• Existing-Home Sales Fell 7.7% in November
• Mortgage Demand Rises Two Weeks In A Row
• Consumer Confidence Jumps To End The Year

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