Santa Barbara

U.S. Home Builder Confidence Upticks in March as Uncertainty Grows in 2023

According to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released this week, U.S. builder confidence in the market for newly built single-family homes in March rose two points to 44. This is the third straight monthly increase in builder sentiment levels.

U.S. Housing Rents Drop to Lowest Level in a Year

National property broker Redfin is reporting this week that the median U.S. asking rent rose 1.7% year over year to $1,937 in February 2023 - the smallest increase in nearly two years and the lowest level in a year.

Mortgage Applications in U.S. Uptick in Mid-March

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending March 10, 2023, U.S. mortgage applications increased 6.5 percent from one week earlier.

Mortgage Rates in U.S. Continue Upward Trend in Early March

According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 6.73 percent as of March 9, 2023.

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