Episode notes
đ đ¸ Exploring the Latest Shifts in Real Estate and Mortgage Rates đ¸đ This week's podcast episode dives deep into recent developments affecting the housing market and the outlook for mortgage rates. Weâll discuss the Census Bureauâs significant revision of the pandemic-era price spike for new single-family homes, the enduring high mortgage rates expected to remain above 7%, and Fedâs Kashkari's stance on waiting for more positive inflation data before considering rate cuts. đ
In This Episode: - Housing Price Revision: Analyze the implications of the Census Bureau revising away 25% of the reported price spike during the pandemic for new single-family houses. What does this mean for buyers and the overall market? - Stubbornly High Mortgage Rates: Delve into the reasons behind the prediction that mortgage rates will stay above 7% and how t ...Â
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