Housing Market Roundup, July 6 2022

Here is a summary of recent housing, market and economic reports that have come across the MBA NewsLink desk:

Fed Brings Out the Big Guns

Following weeks of gloomy economic news and rising inflation, the Federal Open Market Committee pulled out nearly all the stops on Wednesday, hiking the federal funds rate by 75 basis points for the first time in nearly 30 years.

Pending Home Sales Fall 6th Straight Month

Pending home sales fell by nearly 4 percent in April—the sixth consecutive monthly drop—the National Association of Realtors reported Thursday.

Housing Market Roundup Apr. 26, 2022

Here is a summary of recent stories of interest to the real estate finance community that have come across the MBA Newslink desk:

First American: Rising Rates Could Trigger Buyers

Fear of missing out on low rates and the potential loss of house-buying power could supercharge the housing market ahead of the spring home-buying season, said First American Financial Corp., Santa Ana, Calif.

Housing Affordability Concerns Intensify

Reports from First American Financial Corp., Santa Ana, Calif., and ATTOM, Irvine, Calif., show rising home prices and inflation are taking a bigger bite out of housing affordability entering the new year.