Analysis and Data

The fourth quarter of 2023 witnessed a drop in equity-rich properties, signaling a potential shift in the housing market, while seriously underwater mortgages saw a slight increase.

Decision on interest rate reductions will be assessed on a month-to-month basis, as Powell expresses growing confidence in inflation control.

Annual pay sees 5.2% year-over-year increase, but hiring slows across most industries, raising concerns of a labor market slowdown.

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Mortgage Bankers Association reports a 7.2% drop in mortgage applications for the week ending January 26, 2024, primarily due to holiday adjustment.

Economists anticipate gradual restoration of balance, expect Federal Reserve rate cuts to commence in May 2024.

Despite annual gains, 12 out of 20 cities see price decreases from month prior, CoreLogic reports.

The Democratic U.S. Senator and three of her colleagues are asking the Fed to lower interest rates this week.

While overall pending home sales enjoyed an impressive boost, the Midwest, South, and West regions led the way, while the Northeast experienced a slight setback.

Despite challenges, a busier spring homebuying season is anticipated, with prices continuing to rise steadily.