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The Fed’s ongoing housing market ‘reset’ sees buyer cancellation rate at one of the nation’s largest homebuilders spike to 68%
Source: Yahoo! --- Speaking to reporters in September, Fed Chair Jerome Powell was asked to clarify what he meant when he said spiking mortgage rates would cause a housing "reset." The meaning, he said, was that the U.S. housing market would slip into a "difficult...
When Will Housing Prices Drop?
Source: US News --- For just about any homeowner, talk of falling housing prices can spark panic. With homeownership being the major financial and personal investment it is, there's a natural anxiety that comes with any potential threat to that investment....
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Homebuilder sentiment drops to lowest level in two years as housing demand slows
Source: CNBC --- Sentiment among the nation’s homebuilders fell for the sixth straight month to the lowest level since June 2020, when the economy was grappling with shutdowns stemming from the Covid pandemic. The National Association of Home Builders/Wells Fargo...
A COMPLEX MARKET REQUIRES MORE SOPHISTICATED TOOLS
Source: RisMedia --- Each June, as we celebrate National Homeownership Month, it gives us a chance to reflect on the importance of homeownership and the role that real estate agents serve in making the American Dream of homeownership a reality for their clients....
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...
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