Pending home sales climbed 3.4% in March. The Northeast, South and West posted monthly gains in transactions while the Midwest recorded a loss. bit.ly/3xSFR8M

First-time buyers represented 32% of buyers in March, up from 26% in February. Learn more: bit.ly/2GFPb3O pic.twitter.com/qGuvBk8Z9e

The private debt market for real estate development lending is a total mess. Housing starts are going to fold like a cheap lawn chair over the next couple years. Soon we will be calling it the housing decelerator fund.

Mortgage rates headed higher, up almost 3/4 percentage points from a year ago www.freddiemac.com/pmms pic.twitter.com/kzeLQyne4c