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Atlanta Fed Chief: Rate Cuts Could Begin in Q3 or Earlier
“In such an unpredictable environment, it would be unwise to lock in an emphatic approach to monetary policy,” Bostic said. Continue Reading Atlanta Fed Chief: Rate Cuts Could Begin in Q3 or Earlier
Mortgage Rates Drop to 8-Month Low
The 30-year fixed-rate mortgage averaged 6.60% as of Jan. 18. Continue Reading Mortgage Rates Drop to 8-Month Low
Study: Renting is More Affordable Than Homeownership in Nearly 90% of Local Markets
Among the 64 markets where median three-bedroom rents require less than one-third of average local wages, 59 are in the Midwest and South. Continue Reading Study: Renting is More Affordable Than Homeownership in Nearly 90% of Local Markets
Housing Starts Down for December
This is down by 8.6% from the revised November figure of 1.12 million. Continue Reading Housing Starts Down for December
California’s Home Sales Remain Near 16-Year Low
California’s statewide median price dipped 0.3% from November’s $822,200 to $819,740 in December. Continue Reading California’s Home Sales Remain Near 16-Year Low
Pennsylvania Home Sales Down 7.2% From Last Year
The median price for the state dipped to $213,699 last month from $218,380 in November, although prices were up 9% from December 2022. Continue Reading Pennsylvania Home Sales Down 7.2% From Last Year
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