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

Housing Wire

The Federal Open Markets Committee paused its interest-rate hikes on Wednesday for the second time this year. Most investors are already wondering what it would take for the central bank to lift rates again later this year. Today’s decision not to raise rates will likely influence credit markets. However, only 70.9%

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Blend narrows loss to $21M in Q3, reaffirms path to profitability in 2024

Housing Wire

Its mortgage business outperformed the broader origination market and the company reduced cash burn, putting the firm on track to its goal of reaching non-GAAP profitability by next year. million in revenues in Q3, within the range of $40 million to $42 million provided during its investor day in September. million year over year.

Investors 416
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Is Slow Growth the New Normal for Home Prices? Goldman Sachs Thinks So

BiggerPockets

Goldman Sachs released its forecast for home prices through 2026. Here's what it said and what it means for investors.

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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.

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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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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. December’s housing activity in King County was marked by shriveling supply amid fewer listings hitting the market in what is traditionally a low point of the real estate year. But by how much?

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PARKING AND THE IMPACT ON CLIMATE CHANGE

Will Springer Realtor

The spring housing market will include a trio of indicators – all rising. The impact is greatest on first-time buyers and lower-income households, which recently prompted housing advocates to urge the White House for further help on the issue of affordability. In a study of 48 metro markets, Tucson, Ariz.,