Source: CNBC — The Federal Reserve raised its target federal funds rate by a half point at the end of its two-day meeting Wednesday, notching the largest increase in the benchmark in more than 20 years. “The Federal Reserve is behind the curve,” said Greg...
Source: Point2 — The end of March marked the beginning of a new era in home prices: After a whopping 26.5% year-over-year jump, the median listing price landed at $405,000. Also on the rise is the average square footage of new single-family homes. According to...
Source: Scotsman Guide — The Federal Reserve has raised benchmark interest rates by 0.5 of a percentage point, the largest such increase in 22 years. The central bank announced the hike after the Wednesday meeting of its Federal Open Market Committee (FOMC) as...
Source: World Property Journal — According to CoreLogic’s latest CoreLogic Home Price Index and Forecast for March 2022, U.S. home prices continued to post significant year-over-year gains in March 2022, up by 20.9%, another record high. Even with the...
Source: Housing Wire — Don Layton, the former CEO of Freddie Mac recently penned what can only be described as an attack piece on mortgage originators from his seat as a fellow at the JCHS, Harvard’s Joint Center For Housing Studies. But what Mr. Layton has...
