Source: Yahoo Finance — Home prices in the U.S. have continued to surge despite higher mortgage rates. According to the National Association of Realtors (NAR), the median home price has jumped almost every month in 2022. For example, it reached a record high of...
Source: Fortune — The housing market downturn continues to pick up steam. This week, we learned that slumped home construction subtracted 1.37 percentage points from U.S. GDP in the third quarter. That’s the biggest housing contraction since 2007. Meanwhile,...
Source: Bloomberg — Federal Reserve officials will maintain their resolutely hawkish stance next week, laying the groundwork for interest rates reaching 5% by March 2023, moves that seem likely to lead to a US and global recession, economists surveyed by...
Source: NJ.com — The housing market is cooling. Interest rates have risen 4 percentage points since August 2021 when they were 2.7%. Inflation is at about 8.3%, making everything from groceries to gasoline more expensive. And home prices have risen 28% in the...
Source: KSL News — The US housing market is in the midst of a major shift. After two years of stratospheric price appreciation, home prices have peaked and are on their way back down. “Good news for home buyers, sellers are dropping their home prices” But what...
Freddie Mac Mortgage Rate Jumps to 7.28%, Highest in Nearly Three Years
