Tag Archives: federal reserve

Lumber prices sawed in half in 2nd pandemic-era plunge

By Daniel Houston | May 31, 2022 - 5:01 pm |May 31, 2022 Uncategorized

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The price of lumber has taken another dramatic downturn, just the latest wild swing for builders in the cost of home construction. Continue reading →

Home sales, homebuilding headed for a slowdown, Fannie Mae says

By Matt Carter | May 19, 2022 - 7:30 pm |May 19, 2022 Uncategorized

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“Large deceleration” in home price appreciation next year could lead to price declines in some regions. Continue reading →

Homebuyer mortgage demand falls even as rates ease from 2022 highs

By Matt Carter | May 18, 2022 - 11:00 am |May 18, 2022 Uncategorized

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Economic uncertainty and stock market volatility may have helped drive 12 percent decline in purchase mortgage applications. Continue reading →

Redfin economist: The Fed can change its mind

By Matt Carter | May 13, 2022 - 7:27 pm |May 13, 2022 Uncategorized

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While an abrupt shift in policy isn’t expected, Fed Chair Jerome Powell affirms that, “If things come in better than we expect, then we’re prepared to do less” tightening. Continue reading →

Homebuyers showing ‘some resiliency’ to higher rates

By Matt Carter | May 11, 2022 - 7:50 pm |May 11, 2022 Uncategorized

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A lender survey shows demand for purchase mortgages rose for a second week in a row, but borrowers are increasingly turning to adjustable-rate loans. Continue reading →

Homebuyer sentiment hits another new record low

By Matt Carter | May 9, 2022 - 6:21 pm |May 9, 2022 Uncategorized

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A record low 19 percent of Americans say it’s a good time to buy a home, according to a monthly survey Fannie Mae’s been conducting since 2010. Continue reading →

Homebuyer demand for mortgages ‘consistent and resilient’ in April

By Matt Carter | May 9, 2022 - 4:01 am |May 9, 2022 Uncategorized

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Lenders saw much of what was left of their refinancing business evaporate as rates climbed to their highest levels in nearly 13 years. Continue reading →

Fed decides the fate of the housing market: The Real Word

By Byron Lazine | May 6, 2022 - 8:29 am |May 6, 2022 Uncategorized

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This week, Byron Lazine and Nicole White discussed how the Fed’s decision will impact the housing market, CoStar’s plans for Homes.com and the TikTok-famous Marketeer of the Week. Continue reading →

Mortgage rates may level off as Fed unveils details of tightening plan

By Matt Carter | May 4, 2022 - 9:42 pm |May 4, 2022 Uncategorized

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Mortgage rates may level off despite the biggest short-term interest rate hike in 20 years thanks to the certainty the Fed is providing about its plans to shrink its nearly $9 trillion balance sheet. Continue reading →

Purchase loan demand perks up as mortgage rates plateau

By Matt Carter | May 4, 2022 - 11:00 am |May 4, 2022 Uncategorized

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MBA forecaster Joel Kan sees the uptick in loan requests as a “potentially a good sign for the spring home buying season, which has seen a slow start thus far.” Continue reading →