Tag: Federal Reserve
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Update! Fed Signals 2024 “Pivot” on Interest Rates. What Should Home Sellers and Seekers Know?
As we’ve all noticed, deed transfers really got stuck in a rut in 2023. Too few owners are selling their homes. Supply is down. Prices are up. A core issue? The Federal Reserve. Over the past two years, the Fed has hiked rates in order to banish inflation and to tighten up the economy. So,…
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“Mortgage Companies Are Desperate”: What’s Next for Homes and Mortgages in 2024?
In February, Zillow said home prices had bottomed out. Was the market about to rally again? Zillow predicted that U.S. home prices would climb at the healthy pace of 6.5%, from August 2023 to August 2024. Of course, home prices usually do go up over time. Now, Zillow economists have slashed their predictions. Their new…