The MBA, NAR and NAHB wrote a letter to Fed Chairman Jerome Powel urging the Fed to take steps to provide market certainty about rate hikes.
Fannie Mae’s ESR Group published its August 2023 commentary on recent economic data and its likely impact on the housing market. Data points to an eventual downturn, which they now expect in the first half of 2024, though a soft landing is possible.
Byron Lazine, Lisa Chinatti, and Tom Toole discuss the results of the latest Fed meeting, buyer sentiment lagging at near-historic lows, and a revised Fannie Mae forecast calling for a mild recession and a decline in home prices.
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.
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.
For daily real estate news, business and marketing.
