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Will Omicron variant stop first Fed rate hike?

Housing Wire

Recently, that milestone was finally reached — only to be taken off the table with this new news about Omicron. Here is the 2-year yield before the headline on the new variant: Currently, the 2-year yield has fallen and is 0.50%. We still haven’t had a stock market correction of 10% plus in the S&P 500.

Mortgages 529
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The 2021 housing market recap by Logan Mohtashami

Housing Wire

A bullish housing market. What a year 2021 has been. economy continue to recover from the lows of April of 2020, but the 2021 economic data shows it has been one of the hottest years in many decades. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020.

Marketing 524
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Hottest Housing Market Ever, Appraisal Gap Complicates Deals, Explosion of Appraisal Waivers, and Other News

McKissock

March was the hottest month for housing since at least 2012. The President of The Appraisal Foundation discusses the foundation’s outlook for 2021. Read on for more appraisal news and insights. March was the hottest month in housing history. President of The Appraisal Foundation discusses outlook for 2021.

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How Is The Downtown Toronto Rental Market?

Toronto Realty Blog

The rental market is no longer “tough,” I said. “Weak Condo Market In Downtown Toronto Leads To Dip In Rental Rates, Increased Vacancy” Globe & Mail February 7th, 2024 That headline definitely jives with what I saw and felt over the past three months, and you’ll see this shortly in the Q1 rental stats.

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Housing Market Tracker: Mortgage rates drop almost 1%

Housing Wire

The housing market welcomed the news of lower mortgage rates last week after four reports showed that the labor market isn’t as tight as it seems and that the fear of 1970s-entrenched inflation was a lousy narrative. Active inventory rose by 823 single-family homes and new listing data is trending at all-time lows.

Mortgages 539
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From hot to not: the Austin housing market saga

Real Trends

It wasn’t that long ago that Austin, Texas was considered the hottest housing market in the country. But since the Federal Reserve rate hikes began in March, Michaels said it’s as if someone “just slammed on the brakes” on Austin’s tech money-fueled housing market. The average number of days on market was 57 one year ago.

Marketing 102
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Unemployment rates and mortgage rates both under 4%

Housing Wire

I have always believed that no country has a Dorian Gray labor market. The other reason is that the builders don’t ever oversupply a housing market, so when demand fades, so will construction. For companies that need labor, it’s not the best news, but again, it’s first-world American problems — the economy is hot!

Mortgages 493