Market Watch - 10 March 2023

Since last week New Listings, AOC and Pending Properties have increased while Closed Properties decreased. The lease market had increases in New Listings and Pending Properties while Closed Properties decreased.

Silicon Valley Bank (SVB) collapsed on Friday, 10 March 2023. The collapse is a significant problem for digital currencies and high-tech startup companies. To them, this has been compared to the 2008 collapse of the mortgage industry.

We don’t know what knock-on effects this will create outside of these two categories of bank customers. However, it could have a positive influence on mortgage rates for a minute or two.

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Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
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DFWmark.com

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