Source: UWGB — To rank local real estate markets, WalletHub measured housing-market attractiveness and economic strength. With mortgage rates and home prices still way above pre-pandemic levels, despite moderating in recent months, prospective home buyers are...
Source: Fortune — The U.S. entered into its first housing downturn of the post–Great Financial Crisis era. And the worst still awaits. On Tuesday, researchers at Goldman Sachs released a paper titled “The Housing Downturn: Further to Fall.” The investment bank...
Source: US News — WASHINGTON (AP) — Average long-term U.S. mortgage rates rose to their highest level in two months this week, providing no relief for a slumping housing market. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate rose to 5.66%...
Source: Reuters — The Federal Reserve is seen sticking to sharp interest rate hikes in coming months to cool inflation, but rising U.S. unemployment and a slowdown in wage growth has traders betting that borrowing costs next year may not end up quite as high as...
Source: CNBC — Home sellers are getting nervous, as the once hot housing market cools fast. One in five sellers in August dropped their asking price, according to Realtor.com. A year ago that share was just 11%. The average home sold for less than its list...
Source: Bloomberg — The White House is giving the Federal Reserve leeway to raise interest rates to tame inflation, a day after Democratic Senator Elizabeth Warren warned the central bank’s actions could tip the US economy into a recession. “We don’t want to...
Hits and Misses for the Real Estate Week of June 22-26
