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After slipping in April, home builder sentiment rose two points in May to the second-highest level since the recession.
The gains are slow and small, but mortgage volume is beginning to improve again, as more homebuyers sign on the dotted line.
“We now have 40,000 customers that don’t actually rent any space from us,” said Marcus Moufarrige, COO of Servcorp.
Markets that command the highest rents do not always offer the highest returns.
Homebuyers finally returned to the mortgage market after two weeks of weakening during the height of the spring housing season.
High prices and tight supply are taking the wind out of home sales, according to a report by the National Association of Realtors.
Demand from homebuyers fell 14 percent in March from February, according to Redfin.
Spring home buyers are pounding the pavement at a furious pace, but the pickings are getting ever slimmer.
House prices in London have slipped by 1.5 percent over the past year, according to Rightmove in the worst annual fall since 2009.
Fewer homebuyers jumped into the mortgage market last week even though interest rates hit their lowest levels since November.
If you want to own a home, make sure you’ve done this first.
Economists were expecting home builder confidence for April to hit 70, according to a poll by Thomson Reuters.
Homebuyers dominated the mortgage market last week, but refinancers sat on the sidelines despite the lowest interest rates of the year.
At a sprawling construction site near downtown Denver, homes are taking about two months longer than normal to build because the workforce is slim.
Homebuyers are trickling back into the mortgage market, but not enough to offset the steep and steady drop in refinance business.