From Our Economists
Smaller Rate Cut Likely After Hotter-Than-Expected CPI Report, But Fed Has Options
A touch-hotter-than-anticipated August CPI report nudges the Fed toward a 25 bps rate cut at its meeting next week. However, inflation remains cool enough that the Fed could still surprise with a 50 bps cut to get ahead of further weakness in the labor market or simply project the possibility of larger cuts down the
7 Considerations for Climate-Conscious House Hunters
This was originally published to Forbes on July 30, 2024. The pros and cons of owning a home versus renting one are changing along with the climate. Aspiring homeowners are already grappling with rising mortgage rates, record-high home prices and near-record rent prices, and now they’re having to factor risk from natural disasters and skyrocketing insurance costs into their
What Homebuyers and Sellers Can Expect This Fall
This was originally published to Forbes on August 29, 2024. The housing market is poised for a dynamic shift this fall, driven by recent declines in mortgage rates and the Federal Reserve’s anticipated rate cuts. This presents challenges for both buyers and sellers who want to time the market. Here’s what homebuyers and sellers can
Mortgage Rates to Hold Steady as Fed Ponders Mixed Jobs Report
A glass half-full/half-empty August jobs report failed to point the Fed clearly to a 25 or 50 bps cut on September 18. Rates will stay fairly steady until markets receive clearer signals from the Fed on their intended path. The Bureau of Labor Statistics reported that 142,000 jobs were added in August, below expectations of
Mortgage Rates to Fall After Fed Chair Confirms September Cut
Federal Reserve Chair Jerome Powell told the central bank’s annual gathering on Friday that “the time has come for policy to adjust,” all but confirming the Fed will cut rates at its next policy meeting on September 18. Takeaway: Rate cuts will likely start on September 18, but the size and pace will depend on
Here’s What a Kamala Harris Presidency Could Mean For the Housing Market
Democratic presidential nominee Kamala Harris unveiled a plan that promises to combat the housing affordability crisis, and boost supply and demand. Harris’s plan is appealing, but will take a careful balancing act to pull it off. U.S. home-sale prices have risen nearly 40% since President Biden took office, mortgage rates are just now coming down
Smaller Rate Cut Likely After Hotter-Than-Expected CPI Report, But Fed Has Options
A touch-hotter-than-anticipated August CPI report nudges the Fed toward a 25 bps rate cut at its meeting next week. However, inflation remains cool enough that the Fed could still surprise with a 50 bps cut to get ahead of further weakness in the labor market or simply project the possibility of larger cuts down the
7 Considerations for Climate-Conscious House Hunters
This was originally published to Forbes on July 30, 2024. The pros and cons of owning a home versus renting one are changing along with the climate. Aspiring homeowners are already grappling with rising mortgage rates, record-high home prices and near-record rent prices, and now they’re having to factor risk from natural disasters and skyrocketing insurance costs into their
What Homebuyers and Sellers Can Expect This Fall
This was originally published to Forbes on August 29, 2024. The housing market is poised for a dynamic shift this fall, driven by recent declines in mortgage rates and the Federal Reserve’s anticipated rate cuts. This presents challenges for both buyers and sellers who want to time the market. Here’s what homebuyers and sellers can
Mortgage Rates to Hold Steady as Fed Ponders Mixed Jobs Report
A glass half-full/half-empty August jobs report failed to point the Fed clearly to a 25 or 50 bps cut on September 18. Rates will stay fairly steady until markets receive clearer signals from the Fed on their intended path. The Bureau of Labor Statistics reported that 142,000 jobs were added in August, below expectations of
Mortgage Rates to Fall After Fed Chair Confirms September Cut
Federal Reserve Chair Jerome Powell told the central bank’s annual gathering on Friday that “the time has come for policy to adjust,” all but confirming the Fed will cut rates at its next policy meeting on September 18. Takeaway: Rate cuts will likely start on September 18, but the size and pace will depend on
Here’s What a Kamala Harris Presidency Could Mean For the Housing Market
Democratic presidential nominee Kamala Harris unveiled a plan that promises to combat the housing affordability crisis, and boost supply and demand. Harris’s plan is appealing, but will take a careful balancing act to pull it off. U.S. home-sale prices have risen nearly 40% since President Biden took office, mortgage rates are just now coming down
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