Fed’s “higher for longer” rate strategy could keep home sales from rebounding in 2024 or limit the strength of a recovery, according to two closely followed forecasts.
Category: Markets & Economy
NAR to shed 1M members if shared commission banned, analysts say
A report released Oct. 4 by the investment banking firm Keefe, Bruyette & Woods forecasts commissions to decline by at least 30 percent as a result of ongoing threats to the real estate industry.
Housing prices peaked for 6th straight month in September
Home prices increased 0.7 percent between August and September of 2023, and were up 6.7 percent annually, according to a new report.
Sitzer | Burnett: Live updates from the buyer-agent commission trial
The long-awaited Sitzer | Burnett commission trial is underway in Kansas City, Missouri, and Inman is covering it all live as it unfolds. Check back early and often for news, views, schedules and more.
Listings tick up and prices tick down during an ice-cold fall market
The added punch of mortgage rates nearing 8 percent is making this year’s fall season particularly slow.
Mortgage rates hit 20-year high as demand ‘close to multi-decade’ low
Homebuyer demand for mortgages inched up slightly last week, as rates climbed to the highest level in more than two decades, according to the Mortgage Bankers Association’s weekly survey.
More lenders raise their conforming loan limit to $750K
Following Rocket’s lead, UWM and Guaranteed Rate say they’ll price mortgages of up to $750,000 as if they’re eligible for purchase by Fannie Mae and Freddie Mac in anticipation of expected 2024 increases.
Housing groups urge Federal Reserve to stop hiking rates
MBA, NAR and NAHB say uncertainty over the Federal Reserve’s next moves is disrupting the housing sector and threatening to send the U.S. economy into a tailspin
Expert insights on market resilience and navigating change
Dana Cadena takes a deep dive into the latest industry trends and best practices and shares advice on how to rise above the noise and create opportunities in today’s market.
Soaring rates baffle economists, frustrate housing leaders
Economists are scratching their heads and housing industry leaders are venting their frustrations as mortgage rates continue a relentless climb to new heights not seen in more than two decades.