Wood Markets News


Loan Standards Tighten and Loan Demand Declines in Q4

The Federal Reserve Board’s January 2023 Senior Loan Office Opinion Survey reveals that over 2022Q4, banks reported weaker demand for residential real estate (RRE) loans, home equity lines of credit (HELOCs), and commercial real estate (CRE) loans.

US Housing Affordability Sets New Record Low in Q4

According to the recent National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index, just 38.1% of new and existing home sold between October and the end of December 2022 were affordable to families earning the US median income of $90,000.