Homebuilders slash prices to clear inventory as confidence sinks again in November

Elevated mortgage rates sank builder confidence again in November, but recent economic data suggests housing conditions will pick up in the coming months.Builder confidence dropped six points to 34 in November, the fourth consecutive monthly drop, according to the National Association of Home Builde
Read MoreMortgage rates trend down for the third straight week

Mortgage rates fell this week as the October inflation report drove down the yield on the 10-year Treasury. On Thursday, investors priced in a 99.7% chance that the Fed will hold interest rates steady in December, according to the CME Group’s FedWatch tool.The 30-year, fixed mortgage averaged at 7.4
Read MoreRobert Reffkin: ‘There has never been a better time to be in real estate’

Despite multiple class-action antitrust commission lawsuits, increased uncertainty over mortgage rates and low housing inventory, Compass CEO and founder Robert Reffkin says “there has never been a better time to be in real estate than right now.”Reffkin’s remarks were made on Wednesday on an outdoo
Read MoreUWM’s Jason Bressler on the role of failure in tech innovation

HousingWire Editor in Chief Sarah Wheeler sat down with Jason Bressler, CTO at United Wholesale Mortgage (UWM) to talk about how the lender is developing a smart, innovative IT team by giving them a safety net to fail. This interview has been edited for length and clarity.Sarah Wheeler: UWM develops
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