Source: Boston — Federal Reserve Chair Jerome Powell warned that the US housing market is likely to suffer a reversal in the wake of policymakers’ interest-rate hikes. “We’ve had a time of a red-hot […]
Source: USA Today — The Federal Reserve’s interest rate hikes may be intended to give the housing industry a “reset,” as chair Jerome Powell wanted, but it also may have further confused home buyers and sellers on what […]
Source: Business Wire — SANTA ANA, Calif.–(BUSINESS WIRE)–First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, […]
Last year was anything but normal — especially in Arizona’s residential real estate market. Median sale prices rose in Phoenix from $325,000 in January 2021 to $404,300 by October, a 24.4% increase, according to real […]
Source: Bloomberg — It’s no secret that the US housing market has been softening as interest rates rise at the fastest pace in decades. Higher mortgage rates mean the dramatic growth in home prices that we’ve […]
Source: Knowledge at Wharton — Wharton real estate professor Fernando Ferreira doesn’t believe the U.S. housing market has entered a recession. Home sales are falling in response to rising interest rates, but there’s still a mismatch of supply […]
Source: Investor Place — As the Federal Reserve continues to engineer the long foretold “soft landing,” housing has come into focus. Notions of a housing market crash continue to circulate the market. Now, Goldman Sachs […]
Although inventory is closer to catching up with last year, home shoppers are still contending with fewer homes for sale. The national inventory of active listings declined by 12.2% over last year, while the total […]
People spent $2.8 trillion on homes last year, setting an all-time high. KEY TAKEAWAYS According to the report, at the end of 2021, prices were 50% above their highest point before the market crash in […]
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