October 9, 2023, 10:33 am By Connie Kim
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 ...
BY MATT CARTER
October 09, 2023
Uncertainty over the Federal Reserve’s next moves is disrupting the housing sector and threatening to send the U.S. economy into a tailspin, three prominent real estate industry trade groups warned in a letter Monday.
The joint letter from the Mortgage Bankers Association ...
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!
While the labor market isn’t breaking, it ...
August 25, 2023, 11:40 am By Flávia Furlan Nunes
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 ...
August 16, 2023, 2:33 pm By Sarah Marx
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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August 11, 2023, 8:20 pm By Sarah Marx
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 ...
August 10, 2023, 11:24 am By Logan Mohtashami
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 ...
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 ...
View MoreJuly 20, 2023, 8:41 pm By Logan Mohtashami
The savagely unhealthy housing market continues as existing home sales are near record lows, and the days on the market are still at a teenager level, with home prices rising in 2023. Ladies and gentlemen, this was the fear ...
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June 11, 2023, 6:00 pm By Logan Mohtashami
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 ...