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Single family homes on the market. Updated weekly.Powered by Altos Research
722,032+456
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30-Yr. Fixed Conforming. Updated hourly during market hours.
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Real Estate

Rising rates may negatively impact KB Home

Builder KB Home (KB) caters to first-time homebuyers, and that’s exactly the segment of the market that is facing tougher headwinds as interest rates rise, making homes less affordable, Seeking Alpha reported.

A report from Seeking Alpha goes on to say:

“Essentially, higher rates are making homes less affordable, thereby crowding out the marginal buyer. Mortgage demand has fallen so dramatically that Citigroup (C), JPMorgan Chase (JPM) and Wells Fargo (WFC) have each cut over 2,000 mortgage bankers in the past month. I believe this phenomenon will disproportionately impact KB Home (KBH) as the firm caters more to first-time homebuyers. The drop in home affordability the past six months is truly astonishing.”

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Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

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