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The Fed to reset the U.S. housing market through a ‘difficult correction’—5 things to know about the plan

BY LANCE LAMBERT September 22, 2022 5:31 AM EDT https://fortune.com/2022/09/22/housing-market-federal-reserve-reset-through-difficult-housing-correction-home-prices/amp/ Fed Chair Jerome Powell told reporters back in June that spiking mortgage rates would see the Pandemic Housing Boom fizzle out. In the eyes of Powell, that would be a good thing. “I’d say if yo...

How Blockchain and Cryptocurrency Are Influencing the Real Estate Market

June 28, 2022 by Lee Nelson https://magazine.realtor/technology/feature/article/2022/06/how-blockchain-and-cryptocurrency-are-influencing-the-real-estate Key takeaways: Using digital currency and the blockchain to buy and sell property could be a huge game changer for the real estate industry. Now is the time for real estate professionals and companies to jump on the cryptocu...

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California First-Time Home Buyer: 2022 Programs and Grants

Peter Warden The Mortgage Reports Editor May 16, 2022 - 9 min read California Home Buyer Overview: The average home purchase price in California is considerably higher than in most states. So eligible first-time buyers really stand to benefit from the homeownership programs described below. California home buyer stats Average Home Sale Price in CA1&nb...

Mortgage rates fall to under 7% after inflation report!

Today the Consumer Price Index was released at 7.7%. What does this mean for mortgages and real estate? It means the fight for inflation is showing signs of working. The work the fed is doing is slowing the rate of inflation. However, inflation is still not going away. This is still far from the Federal Reserves target inflation rate of 2%. This is a good sign that inflation could be beginni...

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With an End to Eviction Protection Looming, LA City Council Votes on New Proposals

Update #2: LA County Votes to Extend Eviction Protection Measures By Two Months The news is changing faster than we can update, folks. It appears Los Angeles County (not to be confused wit the city) has just held a last minute vote to further extend COVID-era protections by two months. The new expiration date (at least for now) is March 31, 2023. Update #1: LA City Council Votes to Expand...

LA ranks near bottom of 2023 residential market forecast

Los Angeles / Trevor Bach December 08, 2022 02:31 PM With just weeks to go before the new year, Realtor.com on Thursday published its 2023 housing forecast for the country’s 100 largest metro areas — and L.A. ranks near the bottom. The website’s model incorporates data from local housing markets and the economy to predict year-over-year overal...

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Real Estate Cycle: Understanding the Four Phases

https://www.fortunebuilders.com/real-estate-cycle/ As a real estate investor, it’s essential that you keep a pulse on the real estate cycle, both on macroeconomic and microeconomic scales, and know where we are in said cycle. The housing market cycle is closely tied to the general economy. Still, you can’t assume that the housing market is doing well just because the general...

Good Time for Investors to Unload

Real estate investors have done well. Rents have risen and home price appreciation has been quite exceptional. In the past three years, the typical rental rate and typical home price have soared by 16.4% and 35.5%, respectively. Over the past five years, those figures are 24.9% and 50.8%. These returns were occurring at a time of low-cost financing. Now it’s time for investors to sell....

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How Interest Rates Are Determined

How are interest rates determined? They are determined by three forces. The first is the Federal Reserve, which sets the fed funds rate.1 That affects short-term and variable interest rates.2 The second is investor demand for U.S. Treasury notes and bonds.3 That affects long-term and fixed interest rates. The third force is the banking industry. It offers loans and mortgages...

Presidential Elections Don’t Hurt Home Sales

by: Alexander Shaban, Alex Thomas July 30, 2024 https://jbrec.com/insights/presidential-elections-effect-on-housing-home-sales/ Key takeaways The annual seasonal decline in home sales is no worse in election years than in non-election years, according to 35 years of data. Greater-than-expected seasonal declines in home sales mostly reflect poor economic conditions (recessions...