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These Cities to See Biggest Price Drops Amid Talk of Housing Market Crash
Source: Newsweek --- Experts believe that the housing market is currently in the midst of a correction after the past couple of years saw soaring mortgage rates and heavy inflation, as well as major increases in housing prices. Though there have been warnings that the...
Real estate: Midwest is ‘last regional bastion of affordability’ for homebuying, economist says
Source: Yahoo! Finance --- Zillow Senior Economist Jeff Tucker breaks down the outlook of the housing market and mortgage rates following the Fed's latest rate hike, including regional home pricing trends ahead of 2023. Video Transcript DAVID BRIGGS: Fed Chair Jerome...
Home Prices Might Plunge in 2023. But Here’s Why We Won’t Have a Housing Market Crisis on Our Hands
Source: The Ascent --- There's a reason it's been a major struggle for home buyers -- particularly first timers -- to break into the real estate market. Housing inventory has lacked in a serious way, and any time there's more demand than there is supply of a given...
Mortgage demand inches higher as interest rates move lower
Source: CNBC News --- After a month of declines, mortgage application volume is rising, as current homeowners and potential buyers move on lower mortgage rates. Applications rose 3.2% last week compared with the previous week, according to the Mortgage Bankers...
What to watch for in the housing market in 2023
Source: The Hill --- Amid a housing market plagued by high mortgage rates, inflation woes and recession fears, housing prices in the U.S. are expected to fall next year, though the market isn’t likely to see a jump in buyers as a result. Forecasters indicate 2023...
Mortgage rates drop after CPI report, but the housing market is far from out of the woods
Source: CNBC News --- The average rate on the 30-year fixed mortgage dropped to 6.28% Tuesday, according to Mortgage News Daily. It is now at the lowest level since mid-September. The decline came after a lower-than-expected reading of November’s consumer price...
Real Estate Data: Is Mortgage Demand Falling As Buyers Respond To High Interest Rates, Low Supply?
Source: Forbes --- Key takeaways Mortgage applications fell 1.9% from the previous week for the week ending on December 2, with many potential homebuyers likely waiting to see what the rate hike announcements will be like this week. Mortgage rates fell for the fourth...
Pandemic gains in American wealth are melting away
Source: Axios --- Low-interest rates giveth, high-interest rates taketh away. What happened: American households saw the third consecutive quarterly decline in net worth during Q3, as stocks were pummeled by rising interest rates. Why it matters: Household net worth —...
Fed hikes interest rate by smaller 0.5 percentage point to curb inflation. But it predicts higher peak rates.
Source:USA Today --- WASHINGTON – The Federal Reserve is going slower but aiming higher. The Fed agreed to raise its key short-term interest rate by half a percentage point Wednesday, dialing back from recent outsize hikes as it draws up an end game in its aggressive...
Here are the Best Cities for Women in Commercial Real Estate
Source: Globest --- The share of women in the commercial and residential real estate industries slumped 5% from 2017 to 2021, and women are still making less on average than male counterparts in both sectors. A MyEListing analysis of Bureau of Labor Statistics data...
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