Housing Market and Real Estate Analysis by Lance Lambert
Lance Lambert: Chicago is most resilient market for Invitation Homes, Phoenix is weakest
Invitation Homes, a major single-family rental (SFR) landlord, is currently experiencing a soft rental market across its broad portfolio. According to Lance Lambert, Chicago has proven to be the ...
Invitation Homes pipeline seen as imploded, Lance Lambert notes
Lance Lambert described the third-party homebuilder pipeline at Invitation Homes as imploded. He added that even though more large homebuilders are currently offering discounts of over 20% below ...
Lance Lambert: Invitation Homes sold three times as many single-family homes as it bought and is using proceeds for share buybacks
Invitation Homes sold three times as many single-family homes as it bought last quarter and is using the cash to repurchase its own stock. Lance Lambert reported that since December of last year, ...
Rental supply is improving in key markets, Invitation Homes says
Invitation Homes, one of the largest single-family rental landlords in the U.S. with 85,961 wholly owned homes, has observed that the supply of rental homes is improving in some of the markets ...
Lance Lambert: Homebuilders offer 20 percent discounts to institutional SFR landlords as Invitation Homes mostly declines
Homebuilders are offering 20 percent discounts on properties to institutional single-family rental landlords, according to a recent update that highlights approaches to Invitation Homes, a major ...
ResiClub and Roofstock partner on institutional property portfolios, Lance Lambert says
ResiClub and Roofstock, an analytics and investment platform that assists institutional and individual investors in buying, managing, and selling single-family rental homes, have reached an ...
Lance Lambert: Mortgage purchase applications hover near lowest levels in 30 years
Mortgage purchase applications in the U.S. are hovering around their lowest levels in three decades, according to information shared by Lance Lambert. Lambert called the current situation one of ...
Stylecraft Homes rises to 59th in America, Lance Lambert notes
Stylecraft Homes has become the 59th-largest homebuilder in America, with its volume more than doubling since 2014. Lance Lambert reported that the company is concentrated in Central Texas and its ...
Lance Lambert: PulteGroup CEO says Texas markets remain weak
PulteGroup CEO Ryan Marshall said the Big Four Texas markets—Austin, Dallas, Houston, and San Antonio—continue to be weak for the company. Lance Lambert reported that Marshall described both ...
San Francisco County posts strongest annual rise among major Western metros, Lance Lambert notes
San Francisco County, California, recorded a 15.5 percent year-over-year increase in housing prices, making it the strongest performer among the 50 largest Western metro area housing markets. ...
Lance Lambert: Average 30-year U.S. mortgage rate drops 28 bps from peak
The average 30-year fixed mortgage rate in the U.S. is now 7.33 percent, down 28 basis points from this year's peak. The same day last year, the rate stood at 6.18 percent. Lance Lambert reported ...
Number of markets with falling home prices rises, Lance Lambert reports
The housing market is experiencing renewed softening as the number of markets seeing falling home prices has increased. Lance Lambert noted this shift, citing that the trend of declining prices ...
Lance Lambert: U.S. home prices fell 0.5% month over month in latest data
U.S. home prices declined by 0.5% in the latest month-over-month national reading, compared to the usual 0.1% monthly increase for this period. This assessment was provided by Lance ...
Fannie Mae sees 7.5 percent 30-year mortgage rate for every quarter of 2027, Fannie Mae predicts
Fannie Mae projects the average 30-year fixed U.S. mortgage rate will remain at 7.5 percent for each quarter of 2027, according to a forecast shared by Lance Lambert. Lambert noted that if these ...
Lance Lambert: Pandemic-era real condo price gains in Florida have largely been erased
Nearly all of the inflation-adjusted condominium home price gains from the Pandemic Housing Boom have been wiped out in Florida. Lance Lambert shared this assessment, pointing to supporting data ...
Century Communities increases presence in Dallas-Fort Worth, Lance Lambert states
Century Communities, identified as America’s 10th-largest homebuilder, has increased its exposure in the Dallas-Fort Worth market as part of a long-term strategy. Lance Lambert noted that ...
Lance Lambert: Average 30-year mortgage rate at 7.48%, down from last year
Lance Lambert provides an update on current U.S. mortgage and Treasury market rates. Today, the average 30-year fixed mortgage rate is 7.48%, which is lower than the 7.50% threshold. For ...
30-year fixed mortgage rate climbs to 7.60 percent, Lance Lambert notes
Lance Lambert reports that the average 30-year fixed mortgage rate has reached 7.60 percent, marking 11 consecutive days above the 7.50 percent threshold. This streak is approaching the cycle high ...
Lance Lambert: U.S. 30-year mortgage rate reaches 7.56 percent, 10-year Treasury yield at 5.28 percent
Lance Lambert highlights that the average U.S. 30-year fixed mortgage rate has reached 7.56 percent today, surpassing the 7.50 percent barrier for nine straight days. According to Lambert, this ...
Average 30-year mortgage rate at 7.61 percent after 8 straight days above 7.50 percent, Lance Lambert notes
Lance Lambert reports that the average U.S. 30-year fixed mortgage rate has reached 7.61 percent, following eight consecutive days above the 7.50 percent threshold. He adds that this is one of ...
Lance Lambert: Average 30-year mortgage rate reaches 7.57% with wide Treasury spread
Lance Lambert reports that the average 30-year fixed mortgage rate today is 7.57%, marking five consecutive days above the 7.50% level. The previous record for sustained elevated rates in this ...
