Inflation warning sends mortgage rates soaring
Mortgages surged to 4.6% Monday, the highest since March 2019, after Fed Chair Jerome Powell said the war in Ukraine and supply disruptions could drive inflation beyond previous forecasts
by Matt Carter Mar 22
Hurry up or wait: The big question on every buyer's mind this spring
Just as homebuyers have learned to navigate soaring prices, sinking inventory and bidding wars, the housing market has reached a new level of madness. Will it all boil over this spring?
by Marian McPherson Mar 14
Demand for purchase loans jumps 9% as mortgage rates briefly dip
Rates are rebounding as bond market investors weigh the prospect that the economic fallout from Russia’s invasion of Ukraine could eventually lead to higher energy costs that fuel inflation
by Matt Carter Mar 9
Pent-up demand could prop up home sales as mortgage rates rise
Fannie Mae economists say a recent runup in mortgage rates and home prices could help cool home price appreciation, without putting a major dent in home sales
by Matt Carter Feb 23
Don’t take hot market for granted, California economist warns agents
Jordan Levine, the chief economist for the California Association of Realtors, delivers mixed forecast despite good economic outlook during an Inman Connect Now session Thursday
by Taylor Anderson Feb 17
How mortgage rates hit 4% ahead of schedule, flummoxing forecasters
Bond market investors, not Fed policymakers, exert the strongest immediate pull on markets that drive mortgage rate trends
by Matt Carter Feb 14
What's behind highest inflation since 1982? Just ask homeowners
The prices of shelter, food and electricity rose substantially in January, driving most of the inflation felt throughout the US, according to Bureau of Labor Statistics data released Thursday
by Daniel Houston Feb 10
Rising mortgage rates could 'supercharge' spring buying season
Fear of missing out on low rates could get buyers off the fence, if there's enough inventory to defeat 'fear of better options'
by Matt Carter Jan 25
Redfin CEO Glenn Kelman sees better inventory ahead of rate hike
Buyers are torn between acting before rates climb or avoiding all-time high prices as sellers look to act quickly, Redfin CEO Glenn Kelman said on CNBC earlier this week
by Taylor Anderson Jan 5
US median rent rose 11% in 2021 due to inflation
Rents increased 3 times the rate of a normal year, in which rents might rise 3-4% overall, according to a new report from online rental marketplace Dwellsy
Bond yields rise as Fed says it will double pace of tapering
Support for mortgage markets on track to end by March
by Matt Carter Dec 15
First-time homebuyers likely to be hit hardest by inflation in 2022
Real estate coach Brian Buffini shared his annual predictions for the year ahead during a webcast in which he urged agents to hunker down on the fundamentals of their training and get back to basics in preparation for a market shift
by Lillian Dickerson Dec 13
It's official: Inflation ramps up to fastest annual pace in 40 years
It's not just the housing market. The prices of US consumer goods have been rising faster than at any 12-month period since 1982, according to the Consumer Price Index released Friday
by Daniel Houston Dec 10
As inflation heats up, home sales expected to decline over next 2 years
For the first time, Fannie Mae is forecasting all the way out to 2023, when it expects the economy to enter 'mature state of the business cycle,' with the risk of another recession moving into focus
by Matt Carter Nov 19
5 reasons to be optimistic about the 2022 housing market
At the National Association of Realtors' national conference on Friday, NAR Chief Economist Lawrence Yun shared promising insights about 2022
by Marian McPherson Nov 18