Source: Fox Business — Home prices declined again in November as higher mortgage rates continued to weigh on consumer demand for new houses. Prices slid 0.6% nationally in the period from October to November, the fifth consecutive monthly decline, the S&P...
Source: FT Adviser — Mortgage approvals fell for a fourth consecutive month in December 2022, reaching the lowest level seen since May 2020, during the first lockdown. Statistics released today (January 31) from the Bank of England showed that mortgage...
Source: New York Post — Real estate brokers are heading for the door in droves as the nation’s housing market cools — even in the usually scorching market of Miami. The number of “active” agents in the Florida city plunged by 36% in the fourth quarter of last...
Source: Tampa Bay Times — This time last year, it seemed like the entire Tampa Bay area was caught up in a home buying frenzy. But as we enter 2023, the tide has changed considerably. High interest rates, stubborn inflation and the threat of recession have...
February 1, 2023 (Staff Writer) The U.S. Federal Reserve (Fed) announced its first decision of 2023 for the Federal Funds rate today. An increase of 0.25 percentage points, taking rates between 4.50% and 4.75% was approved and adopted. This is now the eighth...
Source: WBRC — BIRMINGHAM, Ala. (WBRC) – 2023 is bringing promising news to homebuyers. Experts say home prices are beginning to stabilize after a few rocky years, but this year experts say prices will not be as daunting. “It has been a crazy, incredibly...
