With mortgage rates recently crossing the 6 percent threshold, home sales cooling significantly, and fears of a recession looming across the national landscape, the housing market appears to be firmly in “correction” territory.
That’s a quick assessment of the real estate climate
entering the fourth ...
LOS ANGELES, Oct. 12, 2022
A modest recession caused by an ongoing battle against inflation will keep interest rates elevated to
suppress buyer
demand and contribute to a weaker housing market in 2023, according to a housing and economic forecast released today by ...
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Prepare for rising rates.
The Federal Reserve raised interest rates by 0.75% on June 15 in the biggest increase since 1994. This was the third rate increase in 2022 and the most aggressive in the Fed's efforts to rein in soaring inflation. This means prospective homebuyers, homeowners ...