Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in a report that will likely give pause to the Federal Reserve as it weighs when and by how much to cut interest rates this year
Aspiring homebuyers struggling to land a new home – let alone their dream home – and real estate agents and brokers hurting for clients could start to get some relief next year, according to a top housing economist.
Count the top forecaster at the nation’s biggest real estate trade group among the optimists when analyzing the looming 2023 housing market.
Speaking at a National Association of Realtors conference in Florida last week, association Chief Economist Lawrence Yun says American home prices aren’t likely to drop by significant amounts despite the big drops in demand.
In the wake of the Federal Reserve’s decision to move forward with its long-hinted-at half-percent interest rate hike, two leading real estate industry economists said they don’t expect the rocket-like rise in mortgage rates to continue much longer.
The crazy roller-coaster ride that has been the nation’s real estate markets could come to an end next year, the chief economist of the National Association of Realtors said last week.
The chief economist at the National Association of Realtors is predicting the number of existing homes sold in America 2020 will be higher than last year. But, he said, an even busier housing market is ahead for 2021.
The top economist at the National Association of Realtors this morning released a statement offering a five-point plan to help close the racial wealth and homeownership gaps in America.
U.S. home resales rebounded modestly in February as a persistent shortage of properties on the market spurred the biggest price jump in a year, a trend that could undermine the spring selling season.
