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Ana Connell,
The Fed left rates unchanged and noted the growing challenges of a lackluster job market combined with the inflationary effects of the current conflict in Iran. Mortgage rates are solidly above 6%, complicating the spring selling season as the “lock in…
Ana Connell,
The start of the year is showing some seasonality with existing home sales down 8.4% nationally in January according to the National Association of Realtors. Sales were down 10.3% out here in the West for the same time period. NAR also noted that affordability has been…
Ana Connell,
Real Estate News and Economic VibesIn a move to help affordability challenges, President Trump announced that he would like to ban large investors, (aka private equity giants, REIT’s etc) from buying up single family homes. This would require Congressional approval. He…
Ana Connell,
Mortgage News-Another Rate Cut
In a widely anticipated move, the Federal Reserve delivered another quarter-point cut to the Fed Funds rate at its December meeting, marking the third consecutive cut since September.
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