Newsfeed: Home prices increase at one of the fastest rates on record, but higher mortgage rates should slow future growth
The deceleration in home prices seen last fall didn’t continue in January as home buyers rushed to lock in deals.
The deceleration in home prices seen last fall didn’t continue in January as home buyers rushed to lock in deals.
Federal Reserve Governor Christopher Waller said longer-run structural issues will continue to put upward pressure on home prices and rents even as the central bank begins a campaign to raise borrowing costs.
As the latest existing home sales report cautioned, with NAR chief economist Larry Yun warning that “housing affordability continues to be a major challenge…”
As a result of the recent spike in rates, economists are now lowering their home sales forecasts for this year.
A lot of folks have been asking lately … where are we at in “the cycle”? Of course, the question presumes cycles exist (they do). But with so many new people getting into real estate investing … including many who’ve never invested through a “correction” (geek speak for a downturn) … … it’s amazing there’s anyone …