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Why US home prices will fall another 10 percent, according to Harvard economist

Why US home prices will fall another 10 percent, according to Harvard economist

by Third Party | Jan 20, 2023 | Real Estate News, U.S. Housing Market

Source: New York Post —  Pain across the US housing market that began last year is likely just getting started if interest rates remain high, star economist Ken Rogoff warned on Tuesday. Rogoff, a professor at Harvard University and former top economist at the...
Fed policymakers call for further rate hikes to beat inflation

Fed policymakers call for further rate hikes to beat inflation

by Third Party | Jan 19, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market

Source: Reuters —  Jan 18 (Reuters) – Federal Reserve policymakers on Wednesday signaled they will push on with more interest rate hikes, with several supporting a top policy rate of at least 5% even as inflation shows signs of having peaked and economic...
Midwest shines as US housing market remains gloomy

Midwest shines as US housing market remains gloomy

by Third Party | Jan 19, 2023 | Real Estate News, U.S. Housing Market

Source: The Salem News —  With mortgage rates spiking above 7% for the first time in 20 years, the pandemic-fueled housing boom came to a screeching halt in 2022. The after-effects of easy monetary policy, skyrocketing energy prices, and supply chain issues...
A Final Take on Housing for 2022 and Another Promise of Falling Inflation Top the Week’s Economic Data

A Final Take on Housing for 2022 and Another Promise of Falling Inflation Top the Week’s Economic Data

by Third Party | Jan 19, 2023 | News/Current Events, U.S. Housing Market

Source: US News —  Just how badly did the housing market end 2022? That may be clear this week as a bevy of reports for December are released that will shed some light on the housing market: the number of new permits issued and homes on which construction has...
California voters approve new measures to combat housing shortage locally

California voters approve new measures to combat housing shortage locally

by Third Party | Jan 18, 2023 | Industry Updates, U.S. Housing Market

Source: firsttuesday Journal —  When it comes to California’s housing crisis, residents are saying enough is enough. Last November, Californians voted on transformative housing measures in their cities amid a long-simmering statewide shortage. The 2022 midterm...
‘Housing will remain weak throughout the winter,’ economist says

‘Housing will remain weak throughout the winter,’ economist says

by Third Party | Jan 18, 2023 | Real Estate News, U.S. Housing Market

Source: The Salem News —  There is one troubling word that Freddie Mac’s chief economist Sam Khater uses to describe the winter 2023 housing market: weak. “The housing market remains in the doldrums with declining sales, inventory and prices,”...
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