As widely expected, the Federal Reserve raised rates last week by 50 bps, putting the federal funds rate at a range of 4.25% to 4.5%. This was seen as a…
Blog
Newsletter:
As we close off 2022, home sentiment improves
Fannie Mae reported last week on its Home Purchase Sentiment Index (HPSI), which saw its first increase in 9 months. That said, the improvement was modest at 0.6 points, and…
2023 housing market predictions
It’s that time of year again, as the year winds down and we begin to hear about what is to come for housing in 2023. Let’s take a look at…
Where are the healthy real estate markets?
According to Hannah Jones of Realtor.com, the median new home sale price hit $493,000 in October, a year-over-year jump of 15.3%. Further, new home sales rose 7.5% month over month…
50% of homeowners have no plans to sell in next 20 years
Following years of lockdowns, supply chain stress, and high labor and material costs, homebuilders are finally getting some reprieve. According to David Logan of the National Association of Home Builders…
Inflation is finally coming down
According to the U.S. Bureau of Labor and Statistics (BLS), the Consumer Price Index (CPI) jumped 0.4% in October and 7.7% year over year. This is a deceleration from 8.2%…
Positive employment news Q4 2023
As expected, the Federal Reserve last week raised its benchmark rate by another 0.75%, to a range of 3.75% to 4%, the highest level in 15 years. According to Realtor.com,…
How the 2022 midterms will affect real estate
Single-family rentals (SFRs) were back in the spotlight last week with several news stories highlighting strong fundamentals for this asset class. Natalie Dolce of Globe St. begins by citing a…
Limited housing supply is boosting the market despite economic turmoil
A lawsuit was recently filed by renters alleging that rent pricing software YieldStar’s (owned by RealPage) “coordinated algorithmic pricing has caused anticompetitive effects in the form of higher prices and…
