Source: Marketwatch — The U.S. housing sector is finally cooling off. For those looking to buy, there are homes in several parts of the country that are on sale right now, according to new data. Sellers slashed home prices in June in areas that saw...
Source: NAHB — NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that the four-quarter moving average (MA) share of new home sales financed through FHA was 11.0% in Q2 2022–its smallest share...
Source: Mortgage News Daily — The Federal Reserve concluded one of its 8 regularly scheduled meetings in 2022 today. As expected, they announced a rate hike of 0.75%. But if you still think that means mortgage rates moved higher, think again. In fact, if...
Source: Fortune — In the early ’80s, homebuilders mailed two-by-fours to then Fed Chair Paul Volcker in hope the central bank would relax its inflation fight that saw mortgage rates top 18%. Of course, the Fed didn’t back off until the 1981...
Source: Zillow — There were 590,000 new home sales nationwide in June (SAAR), down 8.1% from May and down 17.4% from June 2021, according to the U.S. Census Bureau. The median sales price of new houses sold in June was $402,400. The seasonally-adjusted estimate...
Source: npr — With prices rising at their fastest pace in a generation, the Federal Reserve is ratcheting up its fight against inflation. On Wednesday, the Fed raised its benchmark interest rate by an additional three-quarters of a percentage point. This is...
