Housing supply is soon expected to drop and could hit a new low.
Author: Diana Olick, CNBC
Millennials are causing apartment rental demand to soar
Apartment demand in the second quarter of 2019 jumped 11% from last year.
Weekly mortgage refinances spike 39% after huge interest rate drop
Refinance mortgage applications rose by 39%, the highest level in more than three years, after the biggest one-week interest rate drop since 2016.
Home loan applications rise as wealthier shoppers hunt for more expensive houses
Mortgage interest rates are now lower than a year ago, and home shoppers are buying in, but most are wealthier and purchasing more expensive homes.
Mortgage applications set a record for the third straight week
Total mortgage application volume rose 1.6 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
Rising mortgage rates, home prices are becoming a toxic cocktail in the housing market
Sentiment among homebuilders dropped 8 points in November to 60 in the National Association of Home Builders/Wells Fargo Housing Market Index.