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Five Minute Maturity – 07/23/2021

Good morning! Yesterday the The National Multifamily Housing Council (NMHC) released their July report, and like the housing market, the rental market has become increasingly tight. The NMHC’s Market Tightness Index hit a record-breaking high of 96, up from 81 last...

Five Minute Maturity – 07/21/2021

Good morning and happy hump day! Today continues our scheduled housing data with Mortgage Applications for the week ending July 16. We’re coming off a +16.00% last week, the biggest up move in 6 months. Today’s number came in on the low side at -4.00% In data released...

Five Minute Maturity – 07/19/2021

Good morning and happy Monday! If you’ve been anticipating getting back to some housing market data, this is your week! Existing Home Sales, New Home Sales….were loaded for bear, and we started today hearing from the builders with the National Assn. of Home...

Five Minute Maturity – 07/16/2021

Good morning! Fed Chair Jerome Powell and former Fed Chair Janet Yellen are meeting today to discuss the housing market. From April 2020 to April 2021, home prices have jumped 14.6% according to the Case-Shiller Home Price Index. While low inventory and building...

Five Minute Maturity – 07/14/2021

Good morning and happy hump day! We finally have some scheduled housing news to dissect today, as we got Mortgage Applications for the week ending July 9th at 6:00 a.m. central time. The last 2 weeks we’ve seen down numbers of -1.8% and -6.9% respectively. Today was a...

Five Minute Maturity – 07/12/2021

Good morning and happy Monday! If you looked at the schedule of economic releases for this week, you’d think the housing market had ceased to exist! We have our stand-by Mortgage Applications on Wednesday, but nothing else until next week, where the schedule is...