Morning Roundup (8/21/2023) — No More Inventory

Good Morning! Today is Monday, August 21. Russia’s first lunar mission in decades failed when its uncrewed spacecraft crashed into the moon. Flash flooding and mudslides are possible in California and the Southwest as one-time Hurricane Hilary weakens. Trump said he will not be participating in the Republican primary debates.

The Mortgage Note Reports

No More Inventory: Potential buyers patiently waiting for a surge in inventory before jumping into the housing market may be out of luck. Editor Kimberley Haas has the story.

ICYMI: Chuck Green’s article last week about how the Fed’s rate hikes are hurting the housing market is our most popular article so far this month.

In other mortgage and housing news…

What’s Next?: With the impact of the Fed’s rate hikes still working through the economy, all eyes are on whether officials can pull off a soft landing and what that might mean for the housing market.

Developers Burdened: Multifamily housing demands remains solid, but tighter credit and higher costs are hampering new development.

Government Shutdown: Homebuyers could have to push back closing dates in certain geographic areas if lawmakers fail to strike a funding deal.

Rent Control: The rent control debate is hot in many parts of the country where prices and evictions are up.

Fall Design: Formal spaces are back as people look forward to using their dining rooms as intended instead of as work and school spaces. See the top fall decorating trends of 2023.