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First American cites 2023 housing market optimism
Source: The Title Report --- First American Financial Corp. released its Potential Home Sales Model for November 2022, measuring what the healthy market level of home sales should be based on economic, demographic, and housing market fundamentals. Data pointed to...
Wells Fargo, once the No. 1 player in mortgages, is stepping back from the housing market
Source: CNBC --- Wells Fargo is stepping back from the multitrillion-dollar market for U.S. mortgages amid regulatory pressure and the impact of higher interest rates. Instead of its previous goal of reaching as many Americans as possible, the company will now focus...
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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...
5 Valuable Home-Selling Lessons We Learned From TikTok
Source: Realtor --- We recently touted TikTok as a great platform to learn valuable tips on buying a home. But don’t worry, sellers—we haven’t forgotten about you. In today’s market, it might seem like you don’t need any other tip for selling your home than to put the...
Wholesale prices rose 10.8% in May, near a record annual pace
Source: CNBC --- Wholesale prices rose at a brisk pace in May as inflation pressures mounted on the U.S. economy, the Bureau of Labor Statistics reported Tuesday. The producer price index, a measure of the prices paid to producers of goods and services, rose 0.8% for...
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