Newsletter archive — page 4
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In its fight against inflation, has the FED met its match?
In the Federal Reserve’s (FED) fight against inflation, the labor market has proven to be a worthy adversary. As we’ve discussed numerous times in this newsletter, the FED is targeting an unemployment rate of 4.5%. (F…
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The FED’s trouble: A stubborn labor market
The labor market is red hot, and the Fed isn’t too thrilled about that. As we head into fall of 2023, the Federal Reserve (Fed) continues to battle inflation. The Fed has made clear that they want to see the unemploym…
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Will lower rates bring more inventory to the housing market?
Higher rates have done little to ease the challenges in the housing market; Will lower rates help? Summer is cruising right along, and the summer housing market is always interesting. For years now, we have struggled …
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Summer 2023 Update: Rates and Inventory
Has the volatility in the interest rate market subsided? Has inventory increased? I hope you’re enjoying the start of Summer! My kids had their last day on June 9, and my wife’s last day teaching her 2nd graders was J…
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Have higher rates cooled the housing market?
A quick look at the data shows that the rate itself may not be buyers’ biggest concern. When mortgage interest rates were 3%, some analysts believed that once rates got to 5.5%, the housing market would regain some ba…
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Housing trends: National headlines vs. Local Reality
You’ve seen the headlines, but do they portray the reality of our local housing markets? We’re three months into the year, and it’s time to assess the status of the housing market. At the end of 2022, there was a grea…
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How the Government Broke the Housing Market – Part II
Now what? In our last newsletter, we discussed the Federal Reserve Bank’s (FED) response to the COVID-19 pandemic. In March of 2020, the Federal Reserve (FED) committed to purchasing unlimited amounts of Mortgage Back…
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How the Government Broke the Housing Market
Part I What a roller coaster ride it’s been for mortgage interest rates! Potential homebuyers seem to have adjusted to the idea of mortgage interest rates in the 6s for now, but it’s easy to get nostalgic over the 3% …
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Is a more normal housing market on the horizon for 2023?
Inflation data continues to be encouraging. By now, you’re likely aware that inflation is the biggest challenge in the economy today. What is inflation? How did we get here? Why does any of this matter? What’s the Fed…
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Hooray for rental units!
Even for potential homebuyers, the arrival of new rental units is great news Great news! There are over 900,000 rental units due to come online in 2023. This will help to ease the demand imbalance in housing, and more…
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