Pending Home Sales (signed contracts on existing homes) rose 3.4% from February to March, well above expectations, as the index hit its highest level in a year.

mbshighway.com/gallery/BidOv… Nationwide, the typical home sold received 2-3 offers this year. Although it can feel uncomfortable to put in a bid that is above the asking price, the price appreciation can quickly compensate for the extra payment.

Why We Need to Grow Black Homeownership mortgage.archgroup.com/why-w…

mbshighway.com/gallery/NewHo… Housing Starts fell for the first time in four months in December, as they were dragged lower by a decline in single-family homebuilding. However, the National Association of Home Builders has said they expect single-family Starts to grow this year 2024

mbshighway.com/gallery/NewHo… September brought a big rebound in signed contracts on new homes, as the lack of existing homes for sale pushed New Home Sales to their highest level in a year. Yet, the months’ supply of available homes has declined over the same period.

mbshighway.com/gallery/pendi… Pending Home Sales, which measures signed contracts on existing homes, rose 0.3% in June, which was stronger than estimates of a 0.5% drop. This is much needed news on the heels of interest rate increase.

12:47 PM : At mid-day stocks are mixed. The Dow is -40.32 at 33,722.44 and the S&P 500 is +13.89 at 4,296.26. Mortgage Bonds are -16bp at 99.67. via @mbsHighway

mbshighway.com/gallery/New-H… Home Sales, which measures signed contracts on new homes, rose 4% in April to a683,000-unit annualized pace. However, March was revised lower and when factoring in the revision, sales were unchanged from the originally reported number last month. Amazing!

New Home Sales, which measures signed contracts on new homes, increased by 4.1% in April at a 683,000 unit annualized pace. March's figure was revised lower to 656,000 from the previously reported 683,000 units.

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mbshighway.com/gallery/joble… Labor market still appears to be a bit tight go into the weekend.

9:30 AM : Stocks have started the day higher. The Dow is +151.25 at 32,868.85 and the S&P 500 is +23.96 at 4,051.77. Mortgage Bonds are -9bp at 100.69. via @mbsHighway

Debt Collection FAQs consumer.ftc.gov/articles/de… I'll just leave this right here for anyone that needs it!

1:22 PM : At mid-day stocks are mixed. The Dow is +76.47 at 33,706.03 and the S&P 500 is -3.00 at 4,016.81. Mortgage Bonds are +3bp at 101.27. via @mbsHighway Another day in paradise!

Whos break room refrigerator is this? 😄

mbshighway.com/gallery/exist… You can’t sell anything if you can’t tell anything . But for how long?

Looks to be a lot of fun!!

Are we down or up? 🤔

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