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Goldman Sachs makes a bold housing market call
Housing Wire
Fewer housing permits equate to further inventory, affordability challenges
While the number of new homes rose by 4.2% in the U.S. last year, this was primarily led by a 22% increase in the multifamily sector. Single-family housing permits, meanwhile, slowed in 70% of […]
Housing Wire
Latest housing starts data is good for mortgage rates
How is today’s housing starts data, which beat expectations, good for mortgage rates? Typically good economic data is bad for rates, especially in this environment, when a Fed member will come out and say building […]
Inflation
What Is Happening in the Housing Market?
Mortgage rates are now hovering around 7 percent — the highest they’ve been since 2007 — thanks to the Federal Reserve’s efforts to tame inflation. Central bankers have lifted their official policy rate to about […]