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What Fed rate cuts in 2024 will mean for homebuyers

Housing Wire

The housing market cheered as the Federal Reserve signaled interest rate cuts next year after making a series of rapid rate hikes starting in 2022. For 2026, Fed officials projected rates to fall below 3% by the end of 2026 through three more quarter percentage point reductions. in 2025, indicating four more 25 bps cuts.

Inventory 457
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Florida theme parks creating more housing for employees

Housing Wire

But the parks — which employ an estimated 110,000 people collectively — are also facing headwinds due to their employees’ struggles to afford housing , and now both NBCUniversal and The Walt Disney Company — owners of the major parks — are aiming to address it, according to reporting from Bloomberg.

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FHFA releases fair lending final rule

Housing Wire

FHFA explained some of the actions it has taken to address housing inequality. million families under the Equitable Housing Finance Plans ”by educating consumers, reducing closing costs, introducing innovation into underwriting, and combating appraisal bias,” the agency stated. The effective date for this provision is Feb.

Lending 330
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What the Biden tax plans mean for the housing market

Housing Wire

The changes to the corporate tax rate were “permanent,” while the changes to the individual provisions were limited to 10 years and are scheduled to snap back to their prior levels in 2026. MSRs are booked as a balance sheet asset when loans are sold into the secondary market and show as book earnings at that time.

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Overblown rumors of demise? NAR has lost only 45K members since December

Housing Wire

NAR chief economist Lawrence Yun has repeatedly said that he expects membership to decline over the next two years before potentially rebounding in 2026. In the recent Realtor Magazine article, Yun noted that there’s generally a lag time of 18 to 24 months between when the market cools and when membership falls.

Realtors 301
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The Fed pauses its rate hikes for now, will it last?

Housing Wire

next year and to reach 2% in 2026, he added. On the housing market, he noted that activity “picked up somewhat” although it remains well below the levels of a year ago, largely reflecting higher mortgage rates. Indeed, Sturtevant highlighted the resilience of the housing market in the face of rising interest rates.

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Despite Falling Rates, King County Housing Market Flops to End Forgettable Year

Will Springer Realtor

This should have sparked the fading embers of an otherwise chilly housing market in Seattle/King County in the final days of 2023. In other words, the housing market was in deep hibernation and the conditions should only improve from here. Ho, ho, ho … and oh my! But by how much? rise and a 6.2% in King but down 2.1%