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Guest Opinion: How the Fed Impacts the Housing Market

Guest Opinion: How the Fed Impacts the Housing Market

by Patrick T. Harker | Jun 7, 2023 | Current News & Events, Guest Opinion, Real Estate News, U.S. Housing Market, WRE News Exclusive

In the wake of the pandemic, one word has remained top of mind for the Federal Reserve: inflation. While headline PCE inflation has come down from its peak of 7% last year, it is still running at 5% year-over-year — way above the Fed’s long-run target of 2% annually....
Americans Believe a Recession is Coming, But Are Optimistic About Their Finances

Americans Believe a Recession is Coming, But Are Optimistic About Their Finances

by Phil Hall | Jun 7, 2023 | Current News & Events, Real Estate News, WRE News Exclusive

Canadian wildfire smoke isn’t the only thing in the American air today – the latest TransUnion (NYSE: TRU) Consumer Pulse found a heavy cloud of pessimism about the state of the economy mixed with some buoyant optimism about personal finances. First, the bad news. In...
Inflation Causes Most Homeowners to Postpone Renovations, But They’re Not Planning to Move

Inflation Causes Most Homeowners to Postpone Renovations, But They’re Not Planning to Move

by Phil Hall | Jun 2, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Inflation is hammering homeowners who were previously eager to pursue renovations on their residence, according to a new survey from Discover Home Loans. However, a challenging economy is also keeping most of their homeowners from moving out and searching for a new...
Nearly 800 UK Mortgage Deals Withdrawn Over the Past Week Amid Interest Rate Concerns

Nearly 800 UK Mortgage Deals Withdrawn Over the Past Week Amid Interest Rate Concerns

by Phil Hall | May 30, 2023 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

The U.K. housing market experienced the removal of roughly 800 mortgage deals from the market last week as the nation faces growing uncertainty over interest rate hikes. According to the data resource Moneyfacts, the number of residential mortgages on the U.K declined...
UK Homeowners Facing Mortgage Rates Over 5%

UK Homeowners Facing Mortgage Rates Over 5%

by Phil Hall | May 26, 2023 | Current News & Events, International Real Estate News, Mortgage Information, Real Estate News, WRE News Exclusive

While Americans are dealing with mortgage rates in the mid-6% range, their U.K. counterparts are being warned that they will be burdened with 5%-plus fixed-rate deals in the coming weeks. According to a report in The Guardian, the publication on Wednesday that April’s...
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