Mortgages

Enthusiasm may be moving into housing

Open house sign.
Photo: Justin Sullivan/Getty Images)

The positive sentiment in the stock market looks to have also gotten into real estate buyers.

What's happening: Mortgage applications and refinances jumped for the week ending Nov. 8, even as mortgage rates rose and increased the total asking price for homes, data from the Mortgage Bankers Association shows.

The global real estate rethink

Reproduced from UBS; Chart: Axios Visuals

Housing and real estate are going through a period of systemic change that could reshape how we think about the sector in years to come.

What's happening: Prices in the largest U.S. cities have stagnated for the first time since 2011, mortgage applications are falling and even ultra low interest rates have not been enough to lure buyers back to the market, data shows.