Sun.Jun 25, 2023

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Housing Market Tracker: Inventory gets summer lift

Housing Wire

Summer is here, and housing inventory is finally growing! The spring housing inventory was like a zombie rising from the grave, very slow, but the summer is showing some promise and let’s hope it continues. Purchase apps had a small week-to-week gain. Mortgage rates were again in a small range, hanging near 7%. Here’s a quick rundown of the last week: Active inventory grew 8,886 weekly.

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California 'engineered' its housing crisis — now it's trying to fix it

Real Estate News

State Senator Scott Wiener blames California's housing woes on decades of "terrible policy decisions," but he says legislation can help turn things around.

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4 Comeback Housing Markets That Could Rebound in 2023

BiggerPockets

Looking for housing markets with population growth, new jobs, rising home prices, and unlimited profit potential? If so, you’re in luck!

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Economic data points to sustained momentum: BMO Economics

Mortgagebroker News

The trend has serious implications on the central bank's interest rate strategy

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How This Teacher Squashed $20K in Credit Card Debt and Hit Coast FI by 32

BiggerPockets

Coast FI by 32 after racking up $20K in credit card debt only a few years earlier!?

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When will the Bank of Canada put the brakes on its rate-hike campaign?

Mortgagebroker News

Economists weigh in on the possibilities for the central bank’s policy rate

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What are the top risks in Canada's mortgage market?

Mortgagebroker News

Here are the big concerns…