After falling three years in a row, sales of existing single-family homes are forecast to rebound 3.3% In 2021, according to the California Association of Realtors. The median California house price will rise 1.
But California also has pretty onerous land-use regulations that limit supply, and there’s been a lot less financial distress than people were expecting, with one of the lowest loan-to-value ratios on outstanding mortgages in the country. We have a model-driven forecast for ...
"Either way, it casts a little doubt on expectations that interest rates will continue to be cut gradually." Interest rates are kept high to control inflation. Higher rates squeeze people's spending power and encourage saving - these things tend to slow price rises. After this morning's figur...
“It’s going to be very difficult for the chair to navigate this without appearing critical of the White House,” Reinhart said. “The outlook for the economy is the outlook for the political economy, and your economic forecast depends on actions by political authorities.” Clearly and careful...
Most people buy a payment – that is to say, they buy a house based on the monthly payment, not the overall cost of the home – which makes it even harder in today’s market with mortgage interest rates up significantly over just a year or two ago. So, what can you buy for $...
The good news is that the national inflation rate is easing and the Federal Reserve is holding interest rates steady. The Fed has signaled there will be multiple interest rate cuts to come in 2024. Therefore, buying a home might become more of a reality for some buyers in the coming year...
(% figures represent year-on-year change) Notes: 1. Revised forecast for the quarter under review: Yes 2. In the above consolidated earnings forecasts, the results for the previous fiscal year, which serves as the basis for the percentage figures indicating the year-on-year changes, include ...
Eight states voted for George Bush that haven’t voted for another Republican presidential candidate since then. Six of those states were in the Northeast, and one was California. All of those states saw big house price increases in the 1980s. ...
House Budget Committee Chair Jodey Arrington (R-Texas) on Saturday blasted the Senate’s budget resolution, passed by the upper chamber only hours before, as “unserious and disappointing.” Arrington criticized the budget plan for “creating $5.8 trilli
Registered Republicans also recently topped registered Democrats in the district, according to The Orange County Register, though all major election forecasters still favor Democrats in the contest. Min massively outraised Baugh in the third quarter, according to FEC filings, roughly...