Lack of inventory driven by mortgage lock-in effect may persist if the Federal Reserve maintains a ‘higher-for-longer’ rate strategy to combat inflation, Fannie Mae economists said.
Category: Markets & Economy
35 Hudson Yards still sits half empty 10 years later: Report
Now, about four years after sales first launched, Related Companies is offering price cuts and to cover buyers’ closing costs and taxes among other incentives, to try and move more units as sales lag behind expectations, according to a report.
Real estate agents tallied double-digit sales volume gains in 2022
Despite inventory hitting a 23-year low, the average Realtor ended last year on a solid note, according to the National Association of Realtors’ latest Member Profile survey, released Tuesday.
Americans resigned to high home prices, mortgage rates: Fannie Mae
Consumer confidence in the housing market “appears to have plateaued at a relatively low level,” said Fannie Mae Chief Economist Doug Duncan in a new homeowner survey released on Friday.
US home prices projected to grow ‘convincingly’ in 2024: Economist
Existing-home sales are expected to tumble to a 12-year low by the end of 2023, but they won’t stay that way for long, Realtor.com Chief Economist Danielle Hale predicted on Wednesday.
How this real estate mentor merges resilience and passion
Find out how marketing expert and industry veteran Marci James blends professional acumen, personal fulfillment and a love for the great outdoors to create a picture-perfect life.
Good news about economy could send mortgage rates back up
Surprising GDP and jobs numbers have investors buying stocks and selling bonds over worries that Fed policymakers will continue hiking rates to combat inflation.
Experts share fall market forecasts and hiring mistakes to avoid
In this week’s new Inman Access classes, get insights and predictions on what the upcoming fall housing market may have in store and take a deep dive into how to avoid certain hiring pitfalls.
New home sales jumped 20% in May, a 12.2% jump from April
In these times, double down — on your skills, on your knowledge, on you. Join us Aug. 8-10 at Inman Connect Las Vegas to lean into the shift and learn from the best. Get your ticket now for the best price. New home sales surged 20 percent from a year ago during May as homebuyers continued […]
Fed tightening likely to produce a ‘modest recession:’ Economists
Fannie Mae forecasters say the Federal Reserve’s decision on how high and long to keep rates up presents “a major risk over the next year,” with a question of a downturn more a matter of “when” than “if.”