Irvine Real Estate News
Irvine
U.S. Mortgage Applications Dip in Mid-May
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending May 20, 2022, U.S. mortgage applications decreased 1.2 percent from one week earlier.
Single Family Rental Returns Dip in Early 2022
According to ATTOM's latest Single-Family Rental Market report, profit margins on 3-bedroom single-family home rentals are declining annually in 2022 across most of the United States, and are slightly more likely to decline in areas that already have lower yields.
Economic Headwinds, Rising Rates Stall Single Family Housing Starts in the U.S.
According to the National Association of Home Builders, the single-family housing market continued to show signs of slowing in April 2022 as rising mortgage rates and ongoing supply chain disruptions continue to raise housing costs and take a toll on the housing market.
U.S. Builder Confidence Implodes on Rising Interest Rates, Inflation Woes
The National Association of Home Builders is reporting this week that U.S. builder confidence took a steep drop in May 2022 as growing affordability challenges in the form of rapidly rising interest rates, double-digit price increases for material costs and ongoing home price appreciation are taking a toll on buyer demand.
