Mortgage Rates Starting to Fall – Housing Market Overview
With the Federal Reserve’s initial rate cut this past month, interest rates on consumer loans from automobiles to credit cards began to see a decrease...
Category: Housing Market
Federal Reserve Says Homes Are 25% Overvalued – Housing Market Review
In addition to tracking inflationary pressures and wage growth, the Federal Reserve also tracks asset valuations to try to identify excessive increases. The Fed’s Financial...
Average Home Age Nationwide Is 40 Years – Housing Market Overview
The limited supply of new homes in addition to a drop in new home construction nationwide has contributed to the average home to be 40...
Higher Mortgage Rates Keep Homebuyers from Buying – Housing Market
With interest rates breaching higher levels, mortgages are becoming less affordable for millions of Americans. As a result, demand for new mortgages continues to reach...
Home Sales Fall Across the Nation – Housing Update
Following seven consecutive quarters of double-digit increases in the median sales price of American homes, pending home sales have reached an all-time low as fewer...
High Mortgage Rates Scare Away Potential Homebuyers – Housing Market Review
Mortgage rates eclipsed 7% in late October 2022, their highest in over 20 years. This has discouraged countless potential buyers from purchasing a home and...
Housing Affordability
Series 2 of 2: Home Prices Fall for the First Time in 10 Years Ever since the housing market plummeted in the 2008 Great Recession, houses...
Bond Yields Fluctuate As Fed Hikes Rates
Overall bond yields fell in July, as uncertainty surrounding the economic environment was more concerning than inflationary pressures. The yield on the 10-year Treasury bond...
Household Wealth Skewed Towards Homes
Household wealth data released by the Federal Reserve showed that U.S. household net worth climbed to over $149 trillion in the first quarter of 2022....
States That Lost & Gained Population During The Pandemic
As Covid infections swept the nation in 2020 and 2021, states differed on restrictions and guidance surrounding the pandemic, encouraging many to migrate to another...