As the latest existing home sales report cautioned, with NAR chief economist Larry Yun warning that “housing affordability continues to be a major challenge…”
Newsfeed: Housing Affordability Is About To Crash The Most On Record Read More »
Existing home sales plunged a bigger than expected 7.2% MoM in February – the biggest MoM drop in existing home sales since May 2020…
Mortgages and other interest rates are rising and likely to keep going up with the Federal Reserve ending easy-money policies adopted during the pandemic.
Newsfeed: The Fed got inflation badly wrong — and now it admits there’s no quick fix Read More »
The global economy had only just begun to recover from the pandemic when Putin decided to invade Ukraine, sending oil prices soaring.
Newsfeed: Brace For High Oil Prices, Inflation, And An Economic Slowdown Read More »
One-year U.S. inflation expectations have rocketed higher since Russia’s invasion of Ukraine and the longer-term outlook has begun increasing as well, a development likely to be watched closely by the Federal Reserve as it battles to keep price pressures under control.
Newsfeed: New index shows U.S. inflation expectations shifting higher Read More »
Many pros predict that mortgage rates will continue to rise in 2022, but expect ups and downs along the way. We looked into the latest mortgage rate predictions from big real estate players — and asked five experts — to examine what might happen to mortgage rates this year.
Mortgage rates dipped further away from 4% this week, following the decline in the 10-year Treasury yield amid intensifying fighting in Ukraine. The rate on the average 30-year fixed home mortgage fell to 3.76%, down from 3.89% a week ago, according to Freddie Mac. A year ago, the 30-year loan rate averaged 3.02%.
Newsfeed: Mortgage rates retreat more as Ukraine crisis continues Read More »
Despite existing home sales unexpected surge in January, new home sales are expected to drop modestly (-1.2% MoM) in January (after a huge unexpected surge in December), but sales actually tumbled considerably more (down 4.5% MoM) to 801k SAAR (from 839k SAAR).
Newsfeed: US New Home Sales Tumble In January As Mortgage Rates Soar Read More »
U.S. home sales unexpectedly rose in January, but investors paying in cash are squeezing out first-time buyers amid record low inventory and higher prices. Existing home sales rebounded 6.7% to a seasonally adjusted annual rate of 6.50 million units last month, the National Association of Realtors said on Friday. Sales rose in all four regions. Economists polled by Reuters had forecast sales decreasing 1.0% to a rate of 6.10 million units.
Home price growth in the U.S. paused in the final month of 2021, but the full year logged in record gains.
Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted an 18.8% annual gain in December, unchanged from November. The 20-City Composite posted an 18.6% annual gain, up from 18.3% a month earlier. The 20-City results were higher than analysts’ expectations of an 18% annual gain, according to Bloomberg consensus estimates.
Newsfeed: Yahoo Finance US home price growth stalls in the final month of 2021 Read More »