A half-point rate cut would send a signal to the market that the Fed is serious about reversing the “lock-in” effect that makes homeowners with low-rate mortgages reluctant to sell in a high interest-rate environment. If the Fed reverses course as aggressively as it raised rates, financing costs would go down, creating a flood of […]
At beginning of the year and even in February blogs/videos, I have eluded to the expectation that we will see rate cuts this year which might help the Real estate market. But seems like that’s not going to happen. In the residential sector, failure to bring rates down meaningfully would lead to another year of […]
Many expected the mortgage rates to slowly drop this year as the economy is doing good and steady and there is no Fed rate increase. But things are happening in opposite direction as of Feb 8th, 2024. What’s going on? Important reason is that US Job market outperformed expectations in Jan 2024 with surging job […]
A Look Back at 2023 US New Home Sales Activity link In 2023, new home sales in major metro areas declined, with New York experiencing the largest drop. New home prices increased by only 2% through November 2023, a significant slowdown compared to the 10% growth in 2022. The South, particularly Dallas and Houston, led the […]
The last two years have seen marked increases in mortgage rates across the country. Prospective homebuyers are increasingly concerned that rising interest rates will prevent them from homeownership, and everyone wants to know when mortgage rates will start to decrease. But the answer isn’t that simple. Mortgage rates are influenced by a set of factors […]
Posted in 
