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…
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…
In the past recessions, especially in 2008, just prior to the crash we saw a big pull back in luxury purchases. This was an early indicator of huge drops in real estate prices. Currently we are seeing a resounding change…
In almost every real estate advertisement I receive, there is a common theme that prospective buyers should not focus on the rate as they will be able to refinance relatively soon at a much lower rate. How true is this…
Like most, I have been surprised at the recent upward movement in prices. Did we just experience the shortest housing cycle ever? Are housing prices going to continue their recent upward swing? Why are housing prices now moving higher after…
Both the stock and bond markets are partying like its 99 again. Fannie Mae, the largest buyer of US mortgages, is not buying into the theory that a soft landing is the base case for the economy. What is Fannie…
Major banks are facing one of the biggest regulatory overhauls since the financial crisis of 2008, setting up a major clash over the amount of capital that they have to set aside to weather downturns. At the same time regional…
According to a recent Federal Reserve Report, fourteen million mortgages were refinanced during the COVID refinance boom, and these refinances will have effects on the mortgage market, real estate, and the general economy for years to come. An astonishing 430…
US labor productivity tumbled by 7.5% in the first quarter of 2023 – the largest decline in worker output per hour since 1947, according to Labor Department data released Thursday. What does declining productivity mean for interest rates, commercial and…
Although the market rejoiced in the recent fed “skip”, as you dig into the numbers more the outcome is a lot less sanguine. Why does inflation continue running hotter than anticipated? What does this mean for interest rates and real…