The Federal Reserve raised interest rates by .75% today: the sharpest increase since 1994. How will that affect real estate?
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Category: interest rates
New residential sales fall in April as home prices, mortgage rates continue to climb
The rate of new single-family home sales fell 16.6% from March’s revised number, while the median sales price jumped to $450,600 from March’s revised median house price of $435,000.
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Developers and investors hold keys to turning the market around
“If you are thinking about investing in real estate, buy-and-hold, fix-and-flip or new construction, now is the time, and an experienced REALTOR can help, providing you the in-depth market data that you need to make a well-informed investment.” — Karen Hatcher, 2022 President, Atlanta REALTORS® Association
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Mortgage applications continue falling in latest weekly survey
The decrease comes as interest rates continue to climb, according to the Mortgage Bankers Association.
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The Fed Is Poised To Raise Rates. Here’s What You Need To Know—and Why That’s Bad News for Homebuyers
The Federal Reserve is set to raise interest rates this week. What does that all mean for people who want to buy a home in 2022?
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Mortgage applications rise, interest rates fall as Ukraine uncertainty roils markets
“Looking ahead, the potential for higher inflation amidst disruptions in oil and other commodity flows will likely lead to a period of volatility in rates,” — MBA associate vice president of economic and industry forecasting Joel Kan
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Rising interest rates could bring balance to the housing market
While rising interest rates may lead to more reductions in the housing supply, it may also bring some much-needed balance to the market.
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Experts discuss the new normal of Atlanta’s housing market
Would-be homebuyers who have been struggling to purchase a home in Atlanta’s hyper-competitive market are not likely to find much relief any time soon, according to a roundtable discussion of housing experts.
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Housing starts fall in January
Single-family housing starts fell 5.6% from December’s revised estimate to 1,116,000, while multifamily starts slid 2.1% to 510,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said.
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Inflation has buyers and sellers rethinking their plans
Inflation concerns are influencing plans for homebuyers and sellers, according to a recent Redfin survey.
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