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Federal Reserve Holds Steady on Interest Rates, Bond and Mortgage Rates Rise on Strong Jobs Report
Federal Reserve Holds Steady on Interest Rates, Bond and Mortgage Rates Rise on Strong Jobs ReportThe Federal Reserve left interest rates unchanged at their recent meeting and signaled that they will be closely monitoring the data for improving signs on inflation to...
Elevated borrowing costs suppress California home sales to the lowest level in 16 years
Elevated borrowing costs suppress California home sales to the lowest level in 16 years, C.A.R. reports Key highlights: Existing, single-family home sales totaled 223,940 in November on a seasonally adjusted annualized rate, down 7.4 percent from October and down 5.8...
California housing affordability dials back to hit 16-year nadir as interest rates surge to two-decade high in Q3 2023
California housing affordability dials back to hit 16-year nadir as interest rates surge to two-decade high in Q3 2023, C.A.R. reportsKey highlights: · Fifteen percent of California households could afford to purchase the $843,600 median-priced home in the third...
Federal Reserve Holds Steady on Interest Rates, Bond and Mortgage Rates Rise on Strong Jobs Report
Federal Reserve Holds Steady on Interest Rates, Bond and Mortgage Rates Rise on Strong Jobs ReportThe Federal Reserve left interest rates unchanged at their recent meeting and signaled that they will be closely monitoring the data for improving signs on inflation to...
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Federal Reserve Holds Steady on Interest Rates, Bond and Mortgage Rates Rise on Strong Jobs Report
Federal Reserve Holds Steady on Interest Rates, Bond and Mortgage Rates Rise on Strong Jobs ReportThe Federal Reserve left interest rates unchanged at their recent meeting and signaled that they will be closely monitoring the data for improving signs on inflation to...
Elevated borrowing costs suppress California home sales to the lowest level in 16 years
Elevated borrowing costs suppress California home sales to the lowest level in 16 years, C.A.R. reports Key highlights: Existing, single-family home sales totaled 223,940 in November on a seasonally adjusted annualized rate, down 7.4 percent from October and down 5.8...
California housing affordability dials back to hit 16-year nadir as interest rates surge to two-decade high in Q3 2023
California housing affordability dials back to hit 16-year nadir as interest rates surge to two-decade high in Q3 2023, C.A.R. reportsKey highlights: · Fifteen percent of California households could afford to purchase the $843,600 median-priced home in the third...
California housing market will rebound in 2024 as mortgage rates ebb.
C.A.R. releases its 2024 California Housing Market Forecast California housing market will rebound in 2024 as mortgage rates ebb. Existing, single-family home sales are forecast to total 327,100 units in 2024, an increase of 22.9 percent from 2023’s projected pace of...
California housing affordability slides to lowest level in nearly 16 years during second-quarter 2023, C.A.R. reports
California housing affordability slides to lowest level in nearly 16 years during second-quarter 2023, C.A.R. reports Aug 11, 2023 - Housing affordability in California hit a 16-year low in Q2 2023. Only 16% of households could afford the median-priced home of...
California Housing Market: Unpacking the Latest Shifts
California Housing Market: Unpacking the Latest Shifts Aug 8, 2023 - The California housing market is in flux, with mortgage rates near their peak and a dip in summer sales. Yet, as the job market finds balance and CEOs grow hopeful, there's potential for a brighter...
NAR Economists Foresee 2023 Housing Market Trends Amid Rising Rates and Inflation
NAR Economist 2023 Housing Market Trends: Rising Rates and Inflation Rising interest rates and inflation set the stage for a nuanced real estate landscape in 2023, with tempered home price growth and heightened competition on the horizon.Lawrence Yun, NAR’s Chief...
US Pending Home Sales Show Signs of Recovery
US Pending Home Sales Show Signs of Recovery "The recovery has not taken place, but the housing recession is over." - Lawrence Yun, NAR Chief EconomistClick to enlarge.Key highlights US pending home sales rise 0.3% in June, the first increase since February. NAR Chief...
California Housing Market: A Strategic Analysis
California Housing Market Analysis California Housing Market Stays Resilient Amidst Rising Rates and Inventory ShortageClick to enlarge.Key highlights Federal Reserve raises the Fed Funds Rate, marking a significant shift in monetary policy. California's housing...