The Covid-19 pandemic helped spur one of the biggesthousing boomcycles in history. In 2020, the Federal Reserve slashed interest rates to zero, droppingmortgage ratesinto the 2% range. Artificially low numbers coupled with the new remote work trend pushed more people to buy more homes in relat...
“Mortgage rates will likely go down in 2024 if inflation continues to fall, even if it takes the Fed a little while to cut interest rates,” Sorens says. “In highly regulated markets with strong demand, that's just going to cause prices to start going up again, though.” Some markets...
The quarterly Nationwide house price index for all houses in the United Kingdom (UK) exceeded 14,000 index points in the third quarter of the year. Despite that being a dramatic increase since the beginning of the COVID-19 pandemic, it stood below the price peak in the third quarter of ...
He’s long fixated on stock markets and interest rates, choosing someone who would create great disruption could upset markets. 👀 What’s Trump up to? Joining Elon Musk at a SpaceX launch in Texas. 🚨What’s up with the nominees? All eyes are on Gaetz as his nomination h...
and explained away as a Covid-era side effect that came from the taste of freedom that people got from remote work. So what’s the situation right now? Our commenter focuses on two things: the solid salaries of tech workers, and the major increases in house prices (and interest rates)...
The second is that interest rates were at historically low levels, driving more buyers into the market and also prompting current homeowners to refinance their current loans rather than selling. These factors, combined with the COVID-19 pandemic leading to more widely spread remote work arran...
Evidence from the US suggests house price trends shifted spatially during Covid-19, with a preference for the city periphery33. Although we did not formally test for a spillover effect, we see increasing global spatial autocorrelation, growth of the local house price clusters, and an increase ...
Homebuyers rush to buy before interest rates rise again Buyers are coming out early this year, hoping to get a jump on the usually busy spring market. They are also concerned that in an already pricey housing market, rising mortgage rates could force them out. ...
That’s why we saw historically low mortgage rates during the COVID-19 pandemic and climbing interest rates this past year. Though some economic conditions aren’t ideal for buyers, that doesn’t mean it’s not the right time for you to buy a house. To make an educated decision, it’s...
However, because in-house lenders are smaller, they may not be able to match the interest rates of a large bank or credit union. It may be worth visiting several institutions to compare rates before considering an in-house loan. Is Bank or in-House Financing Better for Buying a Car?