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Richard Gibbens Named CEO at Bluegrass Realtors
Gibbens will begin his new role in late July. Continue Reading Richard Gibbens Named CEO at Bluegrass Realtors
Winthrop Watson to Step Down as FHLBank Pittsburgh’s Chief Executive
Chief Operating Officer David G. Paulson will succeed Watson on Dec. 31. Continue Reading Winthrop Watson to Step Down as FHLBank Pittsburgh’s Chief Executive
Additional Reading: Top Real Estate Industry News & Headlines
Below, find popular recent real estate articles from top industry sources.
Blackstone Completes Acquisition of Toronto’s Tricon Residential
“This transaction marks an exciting new chapter in Tricon’s history,” said Gary Berman, president and CEO of Tricon. Continue Reading Blackstone Completes Acquisition of Toronto’s Tricon Residential
New Housing Department Proposed for North Carolina
The bill also seeks the finance the new agency with $30 million in recurring funds starting with the 2024-25 fiscal year. Continue Reading New Housing Department Proposed for North Carolina
Village Premier Collection Joins The Real Brokerage’s Private Label Program
The Atlanta-based Village Premier brings $665 million in annual home sales. Continue Reading Village Premier Collection Joins The Real Brokerage’s Private Label Program
What the Fed’s rate increase means for mortgages.
Source: New York Times --- What does the Fed’s decision to raise its key interest rate by three-quarters of a percentage point mean for mortgages? [Here’s what the Fed’s decision means for credit cards, car loans and student loans.] Rates on 30-year fixed mortgages...
Mortgage Rates Drop Sharply After Fed Announcement
Source: Mortgage News Daily --- The pace of the spike in mortgage rates over the past several days has been nothing but staggering--especially considering it began when rates were already near their highest levels in more than a decade. From an average level of 5.55%...
Here’s what the Federal Reserve’s 0.75 percentage point rate hike — the highest in 28 years — means for you
Source: CNBC --- The Federal Reserve raised its target federal funds rate by 0.75 percentage points, the largest increase in nearly three decades, at the end of its two-day meeting Wednesday, in an effort to quell runaway inflation. “We at the Fed understand the...
The Fed plans to ‘reset’ the housing market—raising the likelihood of falling home prices
Source: Fortune --- It’s not just about how expensive housing became—it’s how fast it got there. It only took 24 months for U.S. home prices to soar a staggering 37%. For comparison, the biggest two-year spike leading into the 2008 housing crash was 29%. Heading into...
How High Can Mortgage Rates Go? We’re About To Find Out
Source: Realtor --- Homebuyers received yet another shock this week as mortgage interest rates shot up suddenly. Rates blew well past 6% in a blow to buyers struggling with record-high and ever-increasing home prices. The increases were in anticipation of the U.S....
Fed hikes rates by 75 bps, the largest increase since 1994
Source: Housing Wire --- The Federal Reserve (Fed) on Wednesday did something it hadn’t done in more than two decades: it raised the federal funds rate by 75 basis points, to 1.50-1.75%, a hike not seen since 1994. The decision, designed to slow the pace of...
Fed’s biggest rate hike since 1994 means millions more homebuyers may be priced out of the housing market
Source: MarketWatch --- Pity those first-time house buyers. On Wednesday, the U.S. Federal Reserve raised the benchmark interest rate by 75 basis points to a 1.5% to 1.75% range, the biggest increase since 1994 as it tries to tame rising inflation, which has reached a...
Today’s mortgage refinance rates increase : June 14, 2022
Source: Bankrate --- Several benchmark mortgage refi rates floated higher today, June 14th, according to data compiled by Bankrate. 30-year fixed refinance rate: 5.89%, +0.38 vs. a week ago 15-year fixed refinance rate: 5.05%, +0.34 vs. a week ago 10-year fixed...
I’m the Chief Economist for the National Association of Realtors. Here Are 6 Things To Know About the Housing Market Now
Source: Realtor --- As mortgage rates inch upwards (you can see the lowest mortgage rates you may qualify for here) and home prices keep climbing, many aspiring buyers are wondering: What should I know about the housing market now? So—as part of our series where we...
These 40 ‘overvalued’ housing markets could see 15% to 20% home price declines if a recession hits
Source: Fortune --- Unlike the housing bubble that popped in 2008, the pandemic housing boom isn’t underpinned by a frenzy of speculation, Moody’s Analytics chief economist Mark Zandi says. While home flipping has certainly ticked up during the pandemic, he says, we...
