Tag Archives: inflationary concerns

A group of top scientists said high inflation levels are being driven by a variety of factors, including the lingering impacts of COVID-19, the war in Ukraine, and ongoing labor shortages.

Fannie Mae’s Economic & Strategic Research Group now forecasts recessionary conditions taking a hold of the market during Q1 2023, even after forecasting better fourth-quarter numbers due to strong GDP and personal consumption figures.

NAR reports that month-over-month, contract signings fell in three of four major U.S. regions, with only the Midwest showing signs of improvement.

Mortgage rates jumped 23 basis points week-over-week, hitting a high mark last seen in late 2008, as heightened inflationary concerns are pushing more prospective buyers back to the sidelines.

According to a new report from Redfin, migration hotspots have the highest inflation rates across the country partly due to the fact they are attracting so many new residents on a consistent basis.

Freddie Mac reported that mortgage rates experienced the largest one-week spike since gauging the metric in 1987—nearly doubling year-over-year.

A slight drop in mortgage rates may be a sign of market normalization, but lingering economic instability and inflationary issues remain hurdles that prospective buyers are still unable to overcome.

The price of new home sales experienced a near 17% decline in April, hitting its lowest level in two years.

Metros such as Phoenix, Tampa and Atlanta remain relatively affordable, as more and more are migrating to these Sun Belt areas along with a rise in inflation.

Lack of sufficient inventory combined with inflation and the threat of rising interest rates continue to put pressure on the market.