Tag Archives: economy

Family, staff and hours: 7 sacrifices agents are making amid tough times

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As they consider the uncertain future ahead, here’s what real estate agents are giving up in their professional and personal lives. Continue reading →

‘Modest recession’ eyed in 2023, Fannie Mae economists predict

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Home sales now expected to decline by 7.4 percent this year and 9.7 percent in 2023, a dramatic adjustment from March, when Fannie Mae forecast a 4.1 percent decrease in home sales this year and 2.7 percent in 2023. Continue reading →

Rising home prices expected to drive record purchase loan volume

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High home prices are expected to drive a record $1.72 trillion in purchase mortgage originations in 2022, even though rising mortgage rates could put a dent in sales of existing homes, according to the Mortgage Bankers Association. Continue reading →

Homebuyer sentiment hits record low

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Only 24 percent of consumers think now is a good time to buy a home — the lowest reading ever recorded in a monthly survey conducted by Fannie Mae since 2010. Continue reading →

5 reasons to be optimistic about the 2022 housing market

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At the National Association of Realtors’ national conference on Friday, NAR Chief Economist Lawrence Yun shared promising insights about 2022. Continue reading →

How the luxury housing market became invincible in 2021

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Luxury real estate agents reported having record years, and high-end properties have grown to become a larger and larger share of the overall market this year. Continue reading →

Mortgage rates hold steady following late-September spike

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Mortgage rates barely changed a week after rising bond yields and Federal Reserve statements led to rate hikes across the board. Continue reading →

The Evergrande crisis: Everything real estate agents need to know

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One of China’s largest property developers is in dire financial straits, and the world is watching. What does it mean for the U.S. housing market, real estate agents and the economy? Continue reading →