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STUDY: HOME PRICE DECLINES HITTING WESTERN U.S. MARKETS
Source: Florida Atlantic University --- Average home prices are falling in 39 of the 100 largest U.S. housing markets and prices in an additional 18 metropolitan areas are expected to decline soon, according to researchers at Florida Atlantic University and Florida...
As mortgage rates hit 20 year high, Tampa Bay housing market braces for a cool down
Source: Tampa Bay Times --- A home-buying frenzy triggered by historically low mortgage rates helped elevate Tampa Bay from a hidden gem to a real estate hot spot over the past two years. But now that rates have shot back up, experts say buyers are finally hitting the...
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U.S. Mortgage Industry Reacts to Federal Reserve’s FOMC Statement
Source: World Property Journal --- The Mortgage Bankers Association SVP and Chief Economist Mike Fratantoni issued the following comments in reaction to the Federal Reserve's recent FOMC statement on monetary policy and the economy: "There were two items to watch from...
Migration Hotspots in the Sun Belt Are Home to the Nation’s Highest Inflation Rates
Source: Redfin --- An influx of people moving into Phoenix, Tampa and Atlanta has led to rapidly rising home prices, one contributor to outsized inflation in those areas. Those Sun Belt metros are still relatively affordable, but scores of new residents and high...
‘The Pandemic Boom in Home Sales Is Over’: Mortgage Rates Soar to Highest Level Since 2009 as the Fed Pressures the Housing Market
Source: Realtor.com --- Mortgage rates are skyrocketing thanks to the Fed, but buyers who can tough out this difficult, changing market will be rewarded. The 30-year fixed-rate mortgage averaged 5.27% for the week ending May 5, according to data released by Freddie...
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