Market Updates

Oct. 16, 2023

Consumers point to mortgage rates, not home prices, as key barrier to affordability


October 9, 2023, 10:33 am By 

Elevated mortgage rates continue to dampen already-pessimistic consumer housing sentiment and create affordability woes for both homebuyers and sellers.

That feeling is underscored in Fannie Mae’s latest Home Price Sentiment Index (HPSI), which decreased by 2.4 points in ...

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Oct. 10, 2023

Call to end rate hikes grows louder as housing groups confront Fed

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Sept. 2, 2023

Why the Fed is celebrating after jobs week

September 1, 2023, 6:26 pm 


Jobs week cleared up the skies for the Federal Reserve members, who are smiling — big time — after a series of data lines gave them what they wanted: a softer labor market! 

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Sept. 2, 2023

Housing sector is showing signs of picking back up.


August 25, 2023, 11:40 am By 

In a hawkish tone, Jerome Powell said that Federal Reserve (Fed) officials are prepared to raise the federal funds rate further and hold it at high levels until they are confident that inflation is moving sustainably down to the ...

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Aug. 18, 2023

Housing starts tick back up in July in spite of headwinds


August 16, 2023, 2:33 pm By 

Housing starts picked up significantly in July to a seasonally adjusted annual rate of 1.452 million, according to the U.S. Census Bureau. That was up 3.9% from June and up 5.9% from a year ago. Meanwhile, permits ...

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Aug. 17, 2023

Million-dollar homes nearing 10% of market as property prices rise


August 11, 2023, 8:20 pm By 

Nearly one in ten homes in the U.S. are worth at least $1 million dollars, close to all-time-high levels of June 2022, according to a new report from Redfin.

Just over 8% of homes are worth $1 ...

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Aug. 17, 2023

Inflation data laying groundwork for the Fed to pivot


August 10, 2023, 11:24 am By 

Has the recent inflation data given the Federal Reserve a pathway for a 2024 pivot? The Fed has whispered about what can happen if the inflation growth rate falls more into 2024 and it’s a positive take. Some have thought the ...

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July 28, 2023

July Housing Minute

July 2023 - The housing industry landscape has evolved into a seemingly paradoxical state, with high mortgage rates and elevated home prices coexisting alongside a reduction in mortgage originations. This intriguing scenario leaves many questioning: why aren't home prices falling in such an environment?


Industry experts point to two ...

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July 22, 2023

The existing home market is still savagely unhealthy

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June 14, 2023

Housing Market Tracker: Inventory disappoints again




June 11, 2023, 6:00 pm By 

After seeing disappointing inventory growth two weeks ago, which I chalked up to the Memorial Day holiday, I was hoping for a big push in active listings last week, but that didn’t happen. And, the recent uptick in  ...

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