Tag Archives: economy

Housing groups urge Federal Reserve to stop hiking rates

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MBA, NAR and NAHB say uncertainty over the Federal Reserve’s next moves is disrupting the housing sector and threatening to send the U.S. economy into a tailspin Continue reading →

Soaring rates baffle economists, frustrate housing leaders

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Economists are scratching their heads and housing industry leaders are venting their frustrations as mortgage rates continue a relentless climb to new heights not seen in more than two decades. Continue reading →

Here’s how new builds are winning the current market

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New-construction homebuilders are using incentives to garner an outsized share of the current housing market and capitalize on buyer demand. Windermere Chief Economist Matthew Gardner checks the numbers to see how their strategy is working now and what… Continue reading →

Surprisingly strong jobs report sends interest rates soaring

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Drop in unemployment claims on the heels of hawkish Fed warnings sends 10-year Treasury yields soaring to a 15-year high, with mortgage rates likely to follow. Continue reading →

Fed stays put but is prepared to hike rates one more time this year

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Treasury yields, a barometer for mortgage rates, barely budged Wednesday as bond market investors look ahead to next year when the Fed is expected to start bringing short-term rates back down. Continue reading →

Demand for purchase loans picks up, but so do mortgage rates

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Applications for FHA mortgages and conforming loans backed by Fannie and Freddie were up last week, even as rates crept back toward 2023 highs registered in August. Continue reading →

8 reasons sellers aren’t selling (and how to get them off the fence)

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Interest rates, insurance premiums, tax concerns and more are keeping sellers from putting their homes on the market and forcing them to defer their dreams. Team leader Carl Medford believes it’s up to real estate agents to communicate effectively and … Continue reading →

Mild recession, elevated mortgage rates eyed in 2024: Fannie Mae

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Fannie Mae economists predict “mild recession” next year, but say mortgage rates may not ease as much as previously expected. Continue reading →

Skittish sellers, hungry buyers: How the Fed tanked housing

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Goldman Sachs economist Michael Murdoch criticized the Federal Reserve’s rate strategy at Ben Kinney Companies’ BuiltHOW conference on Tuesday and shared how upcoming policies could impact the 2024 housing market. Continue reading →