A Slowing Market Leads to Eager Sellers
Signs of a slowing real estate market are growing—existing-home sales and new-home sales are slipping. Many home sellers are worried that they could miss out on the typical buyer frenzy. The inventory of homes for sale went up by 9% last week compared to 2021. New...
Reasons Why Now Is A Good Time To Buy A House
Despite the rise in home prices and rates, and in some cases a lack of inventory, it can still a good time to buy a home. Case in point: if you’re already ready to buy a home, you could lock in a favorable interest rate before things shift. Rates seem high at 5+%, but...
Could we have hit a rate peak this week? Time will tell.
The Fed may be over cooking the rate hikes. The result might lower the long-term rates. One week after the first .50% rate hike in 22 years, there were many Fed officials out using soothing rhetoric in an attempt to reassure financial markets they will be able to...
Opinions on the direction of the market differ
Jeremy Grantham, one of the economists that predicted the 2008 crash, says we’re in the fifth great bubble of the modern era—and warns the economy won’t ‘skate through’ a housing crisis. Grantham is convinced that we’re in the midst of a fifth great bubble of the...
Recent changes from the Fed
Yesterday the Fed increased the rate by .5%. This is the largest interest rate increase since 2000. They also are going to be shrinking its nearly $9 trillion balance sheet starting in June. These policies are likely to ricochet through markets and the economy as...
The quote that changed interest rates in a “New York Minute”
“Given that the recovery has been considerably stronger and faster than in the previous cycle, I expect the balance sheet to shrink considerably more rapidly than in the previous recovery, with significantly larger caps and a much shorter period to phase in the...
The Fed’s posture is looking more direct
Last week, a member of the central bank who usually favors a gentler approach to raising interest rates spoke about the central bank's need to fight rising prices. "It is of paramount importance to get inflation down," Federal Reserve Governor Lael Brainard said in a...
Signs of a housing bubble – what you need to know
US home prices keep on climbing and now some are saying they have seen signs of a housing bubble on the way. While it it too early to tell exactly what will happen, what we do know is that a lot was learned from the last housing crash. If these concerning trends...
The Federal Reserve Increased Rate – What Does it Mean for You?
Thanks to a 40-year high in inflation, Americans are already facing higher prices at the gas pump and the grocery stores. And now the cost of borrowing will increase as well. With an increase of the benchmark rate a quarter of a point on Wednesday, the Federal Reserve...
Ukraine Invasion Market Reaction
Interest rates retreated from 2019 peaks as the Ukraine invasion by Russia escalates and grows more uncertain. No one knows if, when, and how this will end. When the world experiences tense geopolitical moments, it drives what is called a “safe-haven” trade into the...