2023 and 2024 mortgage rate predictions

2023 and 2024 mortgage rate predictions

In a WSJ survey, economists lower recession probability below 50% and say Fed is finished raising interest rates It has been quite a ride for mortgage rates over the last two years.  As of this writing mortgage rates were around 7.5% (with no points) which is quite...
Commercial real estate falls first time since 2011; what is causing the decline?

Commercial real estate falls first time since 2011; what is causing the decline?

US commercial real estate prices have fallen this year for the first time in more than a decade, according to Moody’s Analytics, heightening the risk of more financial stress in the banking industry.  What property types are declining? (hint not just office...
CPI falls, Fed likely done raising

CPI falls, Fed likely done raising

  What does the recent CPI fall  mean for mortgage rates and real estate prices?   A broad slowdown in inflation continued in October, likely ending the Federal Reserve’s historic interest rate increases. The slowdown came below most median estimates and the...
Jury finds realtors conspired to keep commissions high

Jury finds realtors conspired to keep commissions high

A federal jury on Tuesday found the National Association of Realtors and large residential brokerages liable for about $1.8 billion in damages after determining they conspired to keep commissions for home sales artificially high.  Two major real estate companies have...
Fed has lost control of interest rates

Fed has lost control of interest rates

Housing industry urges Fed to stop raising rates, does it even matter? Top real estate and banking officials are calling on the Federal Reserve to stop raising interest rates as the industry suffers through surging housing costs and a “historic shortage” of available...
Job gains shatter expectation; impact on real estate

Job gains shatter expectation; impact on real estate

The economists forecasting the jobs data missed big time, with the recent jobs report almost double their predictions.  Why is job growth still surging while interest rates hit 20 year highs.  What does this mean for future interest rate increases?  Does this change...