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Is the housing market about to crash?
Source: MPA Mag --- Given the economic downshift seen this year, there is a question on virtually everyone’s mind: Is the housing market about to crash or in danger of collapsing soon? While nobody has a crystal ball to glimpse into the future, one pundit shared his...
Volatility Continues as Lumber Prices Normalize
Source: NAHB --- The prices of building materials decreased 0.3% in November (not seasonally adjusted) following 0.5% and 0.1% declines in September and October, respectively, according to the latest Producer Price Index (PPI) report. The index has decreased five of...
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...
Is the U.S. Headed for a Housing Market Crash in 2023?
Source: Newsweek --- High mortgage rates, soaring inflation, rapid growth over the past couple of years and other factors have been at the center of recent discussions on the fate of the U.S. housing market. Though some experts—such as Barry Sternlicht, CEO of the...
