What Does 2022 Hold? NAR Asked 20 Experts
Housing prices will climb 5.7% and inflation, while declining, will be 4%. NAR Chief Economist Yun predicts interest rates will rise to a still-low 3.5%.
Buyers Are Going to Santa Claus (Indiana)
Looking to live on Silver Bell Circle or Mistletoe Drive? Agents in Santa Claus, Ind., say buyers from across the U.S. are moving in due to the town’s name.
FHFA Says It Found Racial Bias in Appraisals
The federal housing agency claims it saw thousands of cases of potential bias, based on a keyword search for red-flag words in millions of appraisals.
Mortgage Rates Up Slightly – But Still-Low 3.12%
Mortgage rates changed little this week, though the survey took place before the Fed announced three possible 2022 rate hikes, which might have an impact.
Why Will the Fed Raise Interest Rates? What Happens Next?
For months, the Fed chair considered inflation a short-term problem, but Wed. he suggested that his patience ran out. The result: A probable increase in loan rates.
New-Home Starts Surge 11.8% Higher in Nov.
The jump follows a few months of moderate growth, and both single-family and multifamily improved. Building permits, a sign of future work, rose 3.6%.