How will the Fed’s pause on rate hikes affect the U.S. housing market?

After 10 consecutive meetings in which the U.S. Federal Reserve raised its benchmark interest rate, this week the central bank decided to hit pause on further increases. The Fed pointed to reassuring data on inflation as the reason for the steadying measure, but indicated that  two more rate hikes are expected before the end of 2023. It’s a welcome […]

Greg Englesbe

Elon Musk claims U.S. housing market will bust, but Redfin CEO fires back

The state of the U.S. housing market in 2023 is all about contingencies. Will inflation be contained by the Fed? Is a recession around the corner? Will a deal get done on the federal debt limit, relieving the pent-up angst that looms over the nation’s economic health? Against this backdrop, residential real estate has largely […]

U.S. debt ceiling default would crush U.S. housing market, economist warns

The prospect of the U.S. government defaulting on its national debt has fueled panic and speculation about the implications of such an unprecedented move in the months ahead. With Democrats and Republicans locked in disagreement over raising the nation’s debt ceiling, some have pegged the dire default scenario to a so-called “X-date”” as early as […]

When is the best time to refinance

When is the right time to refinance your home?

Making the decision to refinance a home can sometimes feel overwhelming for homeowners. With so many variables and market forces outside their control, some homeowners may have difficulty figuring out when the best time is to refinance, and whether doing so is a wise move. Fortunately, there are ways to simplify this choice — and […]

Greg Englesbe Real Estate

A ‘collapse’ in U.S. home prices is on the horizon, economist says

Home affordability in the United States has become unattainable for large segments of the population in 2022 thanks to high mortgage rates, inflation, housing scarcity and prices that were driven up by the historically low home loan rates seen during the first two years of the COVID-19 pandemic. The housing market this year has been […]

Gregory Englesbe

U.S. mortgage rates top 7%, highest in 20 years, as home sales decline

The U.S. housing market has entered territory not seen since the turn of the century, with the 30-year mortgage rates pushing up to 7.16% this week. The last time it crossed that plane was 2001. For months, the Fed has been hiking interest rates in an effort to curb inflation, including the soaring home prices […]