Spiraling home values, soaring inflation and increased interest rates mean less buying power for all consumers. In other words, the house they can afford today may be out of reach tomorrow. Here’s what your clients need to know. Continue reading
Multifamily housing starts dipped 1.6 percent in September following a month in which the sector delivered surprising gains while single-family housing starts remained steady from the previous month. Continue reading
Sales of newly built single-family homes hit a seasonally adjusted annual rate of 740,000 in August 2021, up 1.5 percent from the revised July rate, according to the U.S. Census Bureau. Continue reading
The Fed’s debt purchases are credited with helping keep mortgage rates low during the pandemic. Continue reading
Projected growth in new home sales wouldn’t offset expected drop in existing home sales, according to Fannie Mae’s latest monthly forecast. Continue reading
Home prices are spiraling out of control. There are several reasons prices just keep climbing, but it can’t last forever. Here’s what it’ll take for prices to even out.
During the pandemic, the Federal Reserve has been keeping a lid on interest rates by increasing its holdings of long-term Treasurys and mortgage-backed securities (MBS) by $120 billion a month. Before announcing a timetable for tapering those purchases… Continue reading
Inflation can have a deep and lasting impact on housing and the larger economy. Here, one broker steps back to recount what it was like during the 1970s inflation and what’s different now. Continue reading
Whether they’re ready to spend their quarantine savings or are restarting an abandoned home search, here’s how to talk to these eager buyers. Continue reading
Interest rates on 30-year mortgages fell further as bond markets reacted to the delta variant’s potential impact on the global economy. Continue reading