Housing markets

Developers "need those cuts badly" because many projects are financed at floating rates, Jorge Perez, founder and chief executive officer of Related Group, said in an interview on Bloomberg Television.

Housing starts decreased 3.1% last month to a 1.31 million annualized rate, reflecting a steep decline in the South, according to government data released Tuesday.

The region of Manchester-Nashua, New Hampshire, has homes on the market for a median of 23 days and an average home price of $550,000.

Those born between 1997 and 2012 will go from making up a scant 6% of today's market to a 25% share by 2028, and mortgage lenders need to be ready to serve them.

Some lenders are once again hiring mortgage lenders, but memories of the painful staffing cuts they were forced to make over the past two years remain top of mind.

Confidence among U.S. homebuilders advanced to a seven-month high in November on a jump in sales expectations and optimism a Trump administration will ease regulatory burdens.

Homeowners in recent years strayed from cash-out refinances and home equity loans despite their greater financing power.

The study found nonbank lenders charging the highest interest rates and most points, and fintech pricing more in-line with depositories.

The average home buyer spends almost $32,000 in home-buying expenses, a report by Clever Real Estate claims.

While the latest data indicates ongoing demand, changes in the share of locks by category show consumers trying to adapt to market conditions, according to a report from Optimal Blue.