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Fed Moves Full Speed Ahead With Tighter Monetary Policy

Pro Builder

The Fed is preparing to introduce a series of aggressive rate hikes after a 25 basis point increase in March followed by a recent 50 basis point gain, the largest rate increase in over two decades, Eye on Housing reports. Housing Policy + Finance. Housing Policy + Finance. Affordability. Market Data + Trends.

Finance 98
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When Will the Fed’s Rate Hikes Come to an End?

Pro Builder

As the Federal Reserve continues to raise its short-term rates to cool inflation and slow the housing market, prospective buyers are desperate for a reprieve . However, by 2025, the Fed is forecasting a return to a normalized rate of 2.5% Housing Policy + Finance. Financing. for the federal funds rate.

Finance 52
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Mortgage Rates Could Drop to 5.4% In 2023—Here’s What That May Mean for Home Prices

Pro Builder

According to Case-Shiller, home prices fell month-over-month from June to July for the first time in 20 years, and a more budget-conscious buyer pool could see housing costs fall even further as stalled house hunters wait patiently on the sidelines. Market Data + Trends. Affordability. Market Data + Trends.

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Zillow Predicts Affordability Issues for Renters by End of 2021

Pro Builder

If current rent and income growth trends continue, Zillow says some of the most affordable metros will become the least affordable and many renters will become newly housing-cost burdened by the end of the year. The threshold for which a resident is deemed “housing-cost burdened” is if they pay more than 30% of their monthly income.

Income 52
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Housing Outlook: Is This a Recession … or Not?

Pro Builder

Housing Outlook: Is This a Recession … or Not? The current housing slowdown is a reality, but determining whether we’re in a recession right now isn’t so clear. After a two-year period of frenetic activity spurred by low mortgage rates and rising home prices, the housing industry has its finger on the reset button. “I

Housing 98
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NAHB New Chair to Tackle Regulation and Promote Trades

Pro Builder

Chuck Fowke named NAHB's new chair; a look at new single-family home inventory. NAHB Housing Policy Briefing. Even as the nation grapples with the economic effects of the COVID-19 pandemic , Fowke plans to continue the association’s emphasis on improving housing affordability. “We New Single-Family Home Inventory.

NAHB 98
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15 Management Systems to Help You Avoid the High-Speed Wobbles

Pro Builder

Unprepared home builders experiencing rapid growth run the risk of squandering opportunities during the best decade in housing’s history. The silver lining: It was an opportunity for new home builders to enter the market as it recovered, and demand for new housing slowly but surely accelerated thanks to a Recession-induced shortfall of 3.8