The First 100 Days in Housing
Real estate has been a priority in President Joe Biden’s early agenda. Find out what he’s achieved for the industry by the first major milestone of his administration. www.nar.realtor – Fair Housing
Rates Remain Resilient After Inflation Scare
The 70’s and 80’s brought unforgettable economic lessons about inflation. Since then, certain market participants have been watching inflation like hawks , even when they didn’t need to. After the start of the pandemic, the massive amount of fiscal stimulus (covid relief bill) and monetary accommodation from the Fed (bond buying and rate cuts) had […]
Economist calls for calm on inflation talk: ‘Everything ultimately will settle down’
The concentration of price pressures in a handful of categories means markets shouldn’t yet be worrying about inflation after Wednesday’s U.S. surprise, economists have told CNBC….(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it. Around The Web
Economic Experts Predict Bright Path for Commercial Real Estate in 2021
Economic Experts Predict a Bright 2021 for Commercial Economic expansion and the jobs recovery will lead to rises in occupancy across all commercial real estate property types. Media Contact: Quintin Simmons 202-383-1178
Mortgage Rates Are Low and Stable, But Face Bigger Risks Tomorrow
Mortgage rates moved lower today, bringing the average lender to the best levels since late February. Despite the milestone, the day-over-day movement in rates has been pretty mild. Most lenders are making changes that are only noticeable in the form of upfront costs (aka “points”) as opposed to rates themselves. If we use upfront costs […]
Mortgage Rates Sideways Near 2-Month Lows
Mortgage rates were mixed today, depending on the lender. On average, rates were unchanged and remained very close to their lowest levels in nearly 2 months. The bond market (which most directly impacts day-to-day rate movement) was calm. Both of today’s important economic reports came in weaker than expected, but close enough to forecasts to […]
NAR Statement on Wednesday’s Tragedy in Watertown, N.Y.
Statement on Tragedy in Watertown, N.Y. 2021 NAR President Charlie Oppler expressed his deepest sympathies and support to the loved ones and community affected by this tragedy. Media Contact: Wesley Shaw 202-383-1193 Safety
Early Q2 GDP Forecasts: 10%
From Goldman Sachs: We launched our Q2 GDP tracking estimate at +10.5% (qoq ar) . [Apr 30 estimate] emphasis added From the NY Fed Nowcasting Report The New York Fed Staff Nowcast stands at 5.3% for 2021:Q2 . [Apr 30 estimate] And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth […]
Stimulus and Vaccinations Boost Q1 GDP and March Savings
Economic and Housing Weekly Note – April 30, 2021…(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it. Around The Web
Pending Home Sales Rise Less Than Expected as Inventory Remains Ultra Tight; Rates Recover After Bumpy Start; Digital Lending Speeds Things Up
While the degree to which is happened was somewhat disappointing, pending home sales did snap out of a two-month slump in March . The National Association of Realtors’® (NAR’s) Pending Home Sales Index (PHSI) rose 1.9 percent to 111.3 in March and is now up 23.3 percent compared to March 2020. However, NAR points out […]