With mortgage rates continuing to edge closer to the 8% mark, home builders have reduced home prices in order to boost sales. Just how many reported cutting home prices in October? We’ve got the answers.
Read More »Trio of Trade Groups Propose Solution to Promote Homeownership
NAR, along with the Independent Community Bankers of America and Community Home Lenders of America, have issued a joint proposal to the FHFA, the White House, the Treasury Department, and the Federal Reserve Board, designed to help ease mortgage affordability. Here’s what they propose.
Read More »FOMC Hikes Rates for Seventh Time in 2022
This latest action by the Federal Reserve to raise rates is intended to remove money from the economy, reduce demand, and drive prices lower as inflation nears a 40-year high.
Read More »Powell to Continue as Fed Chair
Jerome Powell has been confirmed by the U.S. Senate for a second term as Chairman of the Board of Governors of the Federal Reserve System for a term of four years, by a vote of 80-19 (one senator did not vote).
Read More »Fed Holds Rates Steady
A strong economy and positive employment numbers factor into the Federal Reserve’s decision not to raise rates.
Read More »Assessing Higher Bank Capital Requirements
A report analyzes banks’ heavy reliance on debt and its impact on the housing market.
Read More »Odds of Rate Hike Plummet After Fed Governor Speech
The already low prospect of a rate hike by the Federal Reserve later this month just became even lower following a speech this week by Fed Governor Lael Brainard.
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