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.
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.
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.
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.
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%.
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%.
DOJ Reaches Record Sexual Harassment Settlement: $4.5M
A N.J. landlord will pay $4.5M to settle DOJ’s lawsuit and an additional $107K civil penalty – the largest amount allowed under the Fair Housing Act.
1 in 5 Buyers Single Women – Twice the Percentage of Men
Single men and women buy homes for the same reason – a desire for ownership – but while 19% of all homebuyers are female, only 9% are men.
Evictions Slowly Rise After Ban Ends
Pundits who predicted a wave of rental evictions after the ban ended were wrong, in part because the process takes time. But evictions seem to be picking up.
Fed Meets: Expect 3 Interest Rate Hikes in 2022
In an abrupt policy shift, the Fed will also stop economy-boosting bond purchases twice as fast as planned, and possibly halt that program altogether in March.