Source: 24/7 Wall St. — There is a real concern that the extremely hot housing market has started to collapse, especially in markets where prices have surged at record paces. One of the threats is due to mortgage rates that have risen from 3% a year ago to 7%...
Source: Market Watch — The midterm U.S. elections are coming. And elections have consequences for the housing market, according to a new report from investment bank Cowen. The report by Cowen’s Jaret Seiberg noted that the Nov. 8 elections will determine which...
Source: Quartz— The meteoric rise of mortgage rates has zipped past another milestone this year. For the first time since April 2002, the 30-year fixed-rate mortgage (FRM) topped 7% this week, according to data from Federal Home Loan Mortgage Corporation...
Source: PR Newswire — MADISON, N.J., Oct. 24, 2022 /PRNewswire/ — A recent report indicates that real estate remains in a strong position for the remainder of 2022 and heading into 2023 as more affluent consumers are turning to real estate to diversify...
Source: Fortune — The housing market downturn continues to pick up steam. This week, we learned that slumped home construction subtracted 1.37 percentage points from U.S. GDP in the third quarter. That’s the biggest housing contraction since 2007. Meanwhile,...
Source: Bloomberg — Federal Reserve officials will maintain their resolutely hawkish stance next week, laying the groundwork for interest rates reaching 5% by March 2023, moves that seem likely to lead to a US and global recession, economists surveyed by...
Hits and Misses for the Real Estate Week of June 22-26
