Housing Inventory Finally Crosses 2020 Levels. Time to Buy Before Prices Rise?
Housing inventory is hitting 4-year highs. Higher mortgage rates have gone from a curse to a blessing. Is it time to buy?
July 23, 2024 5 MIN
Housing inventory is hitting 4-year highs. Higher mortgage rates have gone from a curse to a blessing. Is it time to buy?
Homeowners hoped 2024 would help them break up with their mortgage rate, but a recent report shows they should start thinking about a long-term relationship.
2023 wasn't kind to mortgage lenders. But some fared surprisingly well, leveraging opportunities the market presented.
One of the biggest misconceptions in finance and real estate is that the Federal Reserve “sets” mortgage rates. Here's what really determines them.
The evolution of remote work will play a role in determining future home-price growth, according to a report from NBER.
Homebuilder confidence declined to a nearly two-year low in May as higher mortgage rates discouraged buyers and inflation resulted in more expensive material costs for builders.
Soaring inflation rates along with elevated housing prices weighed on the minds of Americans.
The U.S. unemployment rate held steady at 3.6% last month as the gain in payrolls beat economists' expectations.
The Fed increased its benchmark rate by half a percentage point and laid out a plan to reduce its balance sheet to fight inflation.
The co-called “core PCE,” the Fed's favored inflation measure that excludes volatile food and energy prices, rose 5.2% in March from a year earlier, slowing from February's pace.
Gross domestic product in the first quarter fell 1.2% from a year earlier, the first contraction since the beginning of the pandemic, as Covid-19 infections surged.
The world’s largest economy probably will expand 3.1% in 2022, the second-fastest pace in 17 years, Goldman Sachs economists said in a forecast.
“A reprieve in gas prices was immediately recognized by consumers,” Wells Fargo economists said.
The so-called core reading of the consumer price index, stripping out volatile energy and food prices, showed a glimmer of good news, economists said.
Whether mortgage rates decline or by how much remains unknown and depends largely on how many hikes the Fed will make in its drive to curb high inflation.
“A surprising bounce back in new-home construction is welcome,” said Lawrence Yun, chief economist of the National Association of Realtors.
The economy added 390,000 jobs in May, giving leeway to Federal Reserve policymakers to pursue an aggressive plan to tighten monetary policy.
Economic confidence in the U.S. reached the lowest level since 2009, according to a Gallup poll conducted last month.
