August 2023 NAR Real Estate Forecast Summit: Residential Update
On August 2, 2023, from 1:00–2:00 p.m. Eastern, NAR held its virtual Real Estate Forecast Summit: Residential Update event, which provided an outlook on the residential market. The discussion also included consideration of international activity in the residential market. A recording of the event wi
Instant Reaction: Jobs, November 3, 2023
The Federal Reserve will be pivoting from raising interest rates to current neutral to eventually cutting interest rates next year. The job market has slowed measurably. The latest monthly job gains of 150,000 in October are one of the weakest in the past three years. The unemployment rate rose to 3
Instant Reaction: Mortgage Rates, November 2, 2023
Aspiring home buyers received two semi-encouraging news items this week: the Fed kept the federal funds rate flat yesterday, and the 30-year fixed mortgage interest rate remained nearly unchanged from last week. While both are higher than in recent years and impact the housing market, this could be
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