In a letter to Fed Chairman Jerome Powell, Senator Elizabeth Warren and three other Democratic lawmakers express concerns that high interest rates have worsened the country’s housing access and affordability crisis.
Federal Reserve Chair Jerome Powell’s insights on housing supply and the mortgage lock-in effect during the FOMC press conference.
This week’s Hot Sheet recap includes updates on the Fed’s decision about rate hikes, what Jerome Powell had to say about the housing market, and other industry news covered by Byron Lazine for the week of June 12th – 16th.
Byron Lazine and Tom Toole discuss the latest FOMC meeting minutes, what to expect from the Federal Reserve in March, the housing market’s loss of $2.3 trillion in home values, Fannie Mae’s revised forecast, and the best business plan for agents in 2023.
On February 1, the Federal Reserve announced a 25 basis-point rate hike. Here’s what Lawrence Yun says it means for the housing market.
With the Federal Reserve again raising the federal-funds rate and mortgage rates above 6%, the latest Fannie Mae report shows forecast changes for the 2022 and 2023 housing market.
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