Today, the Federal Reserve decided to pause interest rate hikes, according to CNBC. Further, Fed Chairman Jerome Powell noted that there may be fewer rate cuts projected in 2024 due…
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Average equity loss of $8,300 in Q2 2023
According to a new Redfin survey, 1 in 5 millennials say they will never own a home. About half of millennials and Gen Zers who believe they will never own…
Reports – Home price growth to reaccelerate in 2024
Filip De Mott of Markets Insider reports on a Goldman Sachs estimate that shows vacant office space will increase by 267M square feet over the next decade, and the largest…
New construction sales are booming in 2023
On Friday, Federal Reserve Chair Powell warned in comments in Jackson Hole, Wyoming, that the central banks were “prepared to raise rates further,” according to CNN. That said, the stock…
Home sale volume hits record low mid-2023
Mortgage rates have exceeded the 7% point for the 30-year fixed-rate average to their highest levels in at least 21 years. Now, according to Logan Mohtashami of Housing Wire, they…
Will we see a Fed pivot in 2024
According to Logan Mohtashami of Housing Wire, the inflation picture has charted a course for a potential rate drop as early as 2024. June CPI data shows that 90% of…
What is the rate lock effect?
Nicole Friedman of the Wall Street Journal opens us up this week, talking about how homebuilders are busier than ever trying to keep up with the growing demand for housing.…
Good news soft landing, bad news housing
Fannie Mae reported economic data last week suggesting we may be in for a soft landing. Adjusted for inflation, GDP growth increased by 2.4% in Q2 2023, an acceleration of…
What are rental housing junk fees?
Carl White of the Federal Reserve Bank of St. Louis writes about distress in the commercial real estate market, highlighting that rising rates, high inflation, recession concerns, and work-from-home have…