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Mortgage Market Update: Pressing Need for More Housing Inventory - Market Update 10/23/23
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Hey everyone, it's Larry Bailey from Mortgage Workflow Partners. This is for the Week of October 16, 2023, in Review:
Tight housing inventory and elevated mortgage rates remain key headwinds for homebuyers and home builders. Plus, there was more Fed chatter about rates and the labor sector “WARNing” you need to know about. Here are the headlines:
- “Pressing Need” for More Housing Inventory
- Housing Starts Rise but Is a Pullback Ahead?
- Home Builder Confidence “Hammered” by Elevated Rates
- More Signs of a Fed Rate Hike Pause?
- “WARNing” Ahead for Jobless Claims?
00:00 Introduction
02:15 Pressing Need for More Housing Inventory
04:27 Housing Starts Rise but is a Pullback Ahead
06:56 Home Builder Sentiment
09:45 Warning Ahead for Jobless Claims
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