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Why higher rates aren’t crashing home prices

Housing Wire

Home prices aren’t crashing, despite what the housing bubble boys are saying. In fact, home prices have firmed up higher recently. Well, it’s June 9, 2023, and home prices have been firm month to month, not showing anything that resembles the housing bubble crash years. Then on Aug.

Mortgages 545
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What’s On Your Real Estate Mind For 2024? (Pt2)

Toronto Realty Blog

On Monday, we started to discuss the topics, themes, issues, and stories that would consume our “real estate minds in 2024,” notably the things that might concern us the most. Prices topped the list with Sales & Inventory ranking second. Is it on my mind? I’m on a 2.59% fixed-rate mortgage.

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Is It Time To Blame Investors For High Housing Prices?

Toronto Realty Blog

TorontoRealtyBlog Here’s a new one: why don’t we “blame” the current housing prices on the natural forces of supply and demand in a free market? Not only that, the average home price coming into that year was $566,611. What fun would that be? We need a scapegoat! A so-called boogeyman.

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Federal Reserve Interest Rates History & Chart [1910s-2020s]

Marco Santarelli

In this article, we will explore the history of Federal Reserve interest rates , including some of the major changes and their effects on the economy. One of the key tools that the Federal Reserve uses to fulfill this mandate is the manipulation of interest rates. As a result, rates remained near 0.38% for much of the 1940s and 1950s.

Banks 90
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What would it take to crash the housing market?

Housing Wire

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. I set a specific home-price growth model for the years 2020-2024 that said if home prices only grew at 23% during this five-year period, the housing market would still be OK, given wage growth.

Marketing 397
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Geek Estate July Monthly Radar 2022

GeekEstate

The LEGO Group recently announced an investment of “more than the US $1 billion to build a new factory in Chesterfield County, Virginia.” Below is a wrap-up for the month of July with the most interesting analysis & commentary from the GEM. Or Agassi from FlipOS. Without further ado… CLIMATE.

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Higher Rates Lead to Healthier Housing Market? How?

Notorious ROB

And this article from yesterday titled “ With home sales down, why are home prices still up? The subtitle of the article is, “June’s housing data shows why we needed higher rates.” Today we have fewer sales, few listings, and much hotter home-price growth.