Tag Archives: Federal Reserve

Redfin reports that many home sellers are getting just two or three offers as opposed to the 20 that were common at the pinnacle of the market. Find out what percentage of homes for sale posted a price drop during the past month.

Inventory increased by a modest amount, pushing it past three months’ of supply, while the median existing home sales price grew for the third month in a row. Find all the details in this breakdown of new NAR data.

New commentary from Fannie Mae revealed the ESR Group is warning that while rates are moving rapidly again, they are expected to weigh on consumption and business investments over time. Experts now project a significant slowing trend in economic growth through the end of the year and into 2024.

The MBA, NAR, and NAHB have sent a letter to the Board of Governors of the Federal Reserve about the industry’s concerns over negative market impacts stemming from the Fed’s monetary policy actions.

The U.S. Supreme Court heard opening arguments challenging the constitutionality of the Bureau’s funding through the Federal Reserve.

"It's clear that increased housing inventory and better interest rates are essential to revive the housing market," said NAR Chief Economist Yun. Click through for more on NAR’s August Pending Home Sales report.

Mortgage interest rates have remained stubbornly high in recent weeks, well after the summertime busy season moving into the tamer fall season.

The Federal Reserve’s Open Market Committee (FOMC) chose to forgo the opportunity to raise the central bank’s nominal interest rate at the conclusion of their September meeting, a repeat of the action the committee last took in June after hiking rates in July.

Citing deteriorating conditions in the bond market, declines in commercial real estate, and losses in the leveraged lending market, Sen. Elizabeth Warren voiced her concern over risks to the banking system due to rate hikes by the Federal Reserve.

HouseCanary's August Market Pulse report revealed depressed market activity has resulted in net new listing volume trailing behind overall contract volume, as total inventory remains down nearly 13% compared to the same time in 2022.