Lawrence Yun of the NAR is forecasting a drop in mortgage rates to perhaps as low as 6.5%. This may bring additional buyers that were priced out back into the market. As always, the time to make a move is based on you...
The Big Story – East Bay, January 2024 Mortgage rates are plummeting, but how far will they fall? Quick Take:The average 30-year mortgage rate fell 1.18% in the last two months of 2023, which is a significant dr...
The Big Story The Fed hints at pausing rate hikes Quick Take: Recession isn’t the right word. So what are we in? While we can say that we aren’t in a recession, it remains difficult to name the exact state of our econ...
In the long term, employment and GDP reveal much about the economic climate and typically trend with housing prices. GDP, according to the U.S. Bureau of Economic Analysis, gained 1.6% quarter-over-quarter in 2nd Quar...
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Economic Updates
