Source: CNBC — Federal Reserve officials have spent the last week indicating rate hikes will continue in order to bring down rising prices — but this risks intensifying inflationary pressures, according to a Nobel Prize-winning economist. “The real worry in my...
Source: Fortune — This spring, the Fed dusted off the ole inflation-fighting playbook. It goes like this: The central bank applies upward pressure on long-term interest rates—including mortgage rates—through signaling that short-term rates will soon rise. Those...
Source: Financial Times — The US housing market is cooling faster than expected, as supply-chain issues continue to bite in that sector, according to Goldman Sachs. The bank expects US home-price increases to decelerate through the rest of this year and then...
Source: GO Banking Rates — Home prices in the United States continue to drop amid a slowdown in demand tied partly to rising mortgage rates, but homes are still less affordable now than at any time in the past 30 years. For potential buyers, it means paying...
Source: UWGB — To rank local real estate markets, WalletHub measured housing-market attractiveness and economic strength. With mortgage rates and home prices still way above pre-pandemic levels, despite moderating in recent months, prospective home buyers are...
Hits and Misses for the Real Estate Week of April 6-10
