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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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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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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 326
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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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Overblown rumors of demise? NAR has lost only 45K members since December

Housing Wire

Details of the latest membership count comes as the trade group works to implement a series of major rule changes stipulated by the Sitzer/Burnett commission lawsuit settlement agreement, as well as fewer market opportunities for members due to historically low levels of existing-home sales inventory. Future renewals?

Realtors 297
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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. Other labor market indicators, such as job openings and the unemployment rate , also point to a cooling economy, Danielle Hale, chief economist at Realtor.com noted. next year and to reach 2% in 2026, he added.

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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?