The Monday Show

SUMMARY: The conforming loan limit will jump 10% to $726,200 in 2023, home price growth slowed to 10.6% year-over-year in September, and consumer confidence fell in November...

Sources:

• Conforming Loan Limit Will Jump 12% In 2023
• Home Price Growth Slows To 10.6% In September
• Consumer Confidence Falls in November

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

SUMMARY: Feels good to be back after a three-week hiatus!  We discuss the busy week ahead for data, confusion about the future of housing, housing inventory, and what I was doing for the last two weeks...

Sources:

• Happening This Week
• Housing Inventory Down For The Fourth Week 
• LEVIN: Rising Inventory Will Be The Housing Market’s Next Problem

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

SUMMARY: Total mortgage demand fell for the 7th straight week but purchase demand was up slightly, golden handcuffs are confirmed with 99% of outstanding mortgages under 6.0%, and Redfin announces layoffs for over 800 workers...

Sources: 

• Mortgage Demand Down For 7th Straight Week
• Higher Mortgage Rates Lead to Strong Lock-in Effect
• Redfin Announces Layoffs & End of iBuying

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

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

SUMMARY: New home inventory hit a record high in the third quarter of 2022, potential buyers have misconceptions about what is going to happen with rates and home prices, and all eyes are on the big CPI report on Thursday...

Sources:

• New Home Inventory Hits Record High in Q3
• Home Buyers' and Sellers' Biggest Misconceptions in a Shifting Market
• Happening This Week

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

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

SUMMARY: Home prices and equity fall in September, consumer confidence in housing falls to new lows, and inventory levels hold for the first time in three weeks...

Sources:

• Home Prices & Equity Fall in September
• Consumer Confidence in Housing Falls to Record Lows
• Inventory Levels Fall Slightly for the Week

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

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

SUMMARY: Home equity rises in the third quarter despite rising rates, initial jobless claims drop slightly for the week, and mortgage falls under 7.0%…

Sources:

• Home Equity Was Up Slightly in Q3
• Jobless Claims Basically Unchanged for the Week
• Mortgage Rates Dip Under 7.0%

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

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

SUMMARY: The Federal Reserve announces a 75 basis point hike to the federal funds rate, ADP reports that the economy created 239k jobs in October, and mortgage demand falls for the sixth straight week...

Sources:

• Federal Reserve Announces 75 Basis Point Hike
• 239k Jobs Created in October
• Mortgage Demand Falls for the Sixth Straight Week

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

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

SUMMARY: Home prices fell month-over-month for the third consecutive month in September, construction spending was much better than expected, job openings were up unexpectedly, and Tyler spends a whole minute trying to figure out if Selma is a woman's name (not kidding)...

Sources:

• Home Prices Fall for the Third Straight Month
• Construction Spending Unexpectedly Rises in September
• Job Openings Jump Back Up to 10.7M

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

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

SUMMARY: Rent prices see the biggest monthly decline in October, housing inventory increases again as buyer demand falls, and it's jobs and the fed week so we get a ton of jobs data along with the FOMC decision on Wednesday...

Sources:

• Rent Prices See Record Decline in October
• Housing Inventory Continues to Climb
• Happening This Week

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

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 sees the biggest declaration on record in August, consumer confidence falls more than expected in October, and homebuilders who learned their lesson in 2008 are prepared for the 2022 housing slowdown...

Sources:

• Home Price Growth Deceleration Largest on Record
• Consumer Confidence Falls More Than Expected
• Builders Say They Are Prepared for Slow Down

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

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