Real Estate Industry News & Insights
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A crash of the US housing market is ‘very unlikely’ even as mortgage rates surge to 14-year highs
Source: Business Insider --- The average 30-year mortgage hit a 14-year high Wednesday, but that surge won't spark a crash in the US housing market akin to anything seen in 2008, investment strategist Louis Navellier told Insider on Wednesday. Rates for the...
Another real estate tech company lays off workers in response to housing slowdown
Source: SF Gate --- Realtor.com, the second most visited website for real estate listings in the U.S., is laying off an undisclosed number of employees due to a recent slump in the housing market.
Pessimism Among Young Drives Housing Sentiment Lower
Source: Mortgage News Daily --- How low can it go? Well, lower than ever apparently when it comes to consumers who think it's a good time to a home. The total fell 1 point to a record low of 25 percent in January while 70 percent said the time was not right, a 4...
Fannie Mae pays $53M to settle recession-era discrimination suit
Source: Housing Wire --- Amid protests set off by George Floyd’s death, Fannie Mae’s CEO issued a public statement about its commitment to racial equity. “Fannie Mae understands the story of housing in America includes a history of systemic racism,” CEO Hugh Frater...
Inflation will persist through 2023 even if pandemic fades, economist says
Source: Construction Dive --- Fed policymakers Wednesday signaled their intention to reduce price pressures by raising the federal funds rate from a record near-zero low at their next meeting on March 15-16. "We're committed to our price stability goal," Fed Chair...
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