January 2023

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Home Affordability Worsens as Mortgage Interest Rates Rise

Home Affordability Worsens as Mortgage Interest Rates Rise

According to the latest data from the National Association of Home Builders (NAHB) the share of adults planning a home purchase in the next 12 months dropped to 13% in the final quarter of 2022. This is down from 15% in the previous quarter and is not surprising, given that housing affordability worsened during this period, as mortgage interest rates surpassed 7.0% and reached levels not seen in nearly 20 years.

January 31, 2023 Notary Near You No comments
Notary Near YouHome Affordability Worsens as Mortgage Interest Rates Rise
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The Federal Reserve and Inflation: What it Means for Home Buyers and Sellers

The Federal Reserve and Inflation: What it Means for Home Buyers and Sellers

On Friday, the Kansas City Fed President Esther George said that the Federal Reserve must remain “patient” in waiting to see if the pace of price increases in the services sector are waning as the central bank attempts to bring inflation back to its 2% target rate. George added that labor shortages could be a hindrance in getting inflation down. What does this means for home buyers and sellers?

January 31, 2023 Notary Near You No comments
Notary Near YouThe Federal Reserve and Inflation: What it Means for Home Buyers and Sellers
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