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 […]
Watching the appreciation of home prices during the first two years of the COVID-19 pandemic sometimes left the impression that “down” was no longer a direction the U.S. housing market could go. Double-digit increases in median home values were buoyed by low home supply and heavy demand from buyers incentivized by low mortgage rates. But […]
The Federal Reserve last week logged its biggest increase in the nation’s benchmark interest rate since 1994, bumping it 75 basis points to a range of 1.5%-1.75% to combat inflation. A housing market that had been on fire during 2020-2021 now looks significantly different — and more daunting — to prospective home buyers on the […]
For months, economic signs and pressures have pointed to a cooldown in the U.S. housing market in response to climbing mortgage rates. Two years of the pandemic brought soaring home prices, surging buyer demand and limited housing inventory — a Goldilocks zone for home sellers — but the party looks to be coming to an […]
After more than two years of record home prices in the U.S., the Fed has wasted little time this year in hiking interest rates. The 30-year fixed rate mortgage, now at 5.11%, is up from just over 3% at the start of the year as policymakers look to corral an economy that has seen sharp […]
Just as the coronavirus pandemic helped support some of the economic conditions for a surging U.S. real estate market, new global events have the ability to significantly alter the outlook of the housing market. With the Fed beginning to raise U.S. interest rates more aggressively in response to inflation and Russia’s invasion of Ukraine, the […]
Heading into to 2022, there was some optimism that the runaway housing market in the United States might come back down to Earth a bit after the unprecedented rise in home prices seen during the first two years of the coronavirus pandemic. It’s beginning to look like that assessment may have been a bit premature. […]
When I established EMM Loans in 2004, I had a vision of building a personal and progressive residential mortgage lender that home buyers would rush to recommend. Our core mission was to put people first — ahead of any process — and be the lender that buyers deserve as they enter a pivotal chapter in […]
Pandemic policies have undoubtedly shaped the way the U.S. housing market has functioned throughout the health crisis, which has had countless ripple effects across different industries and walks of life. In the housing market, the most obvious headlines of the pandemic have been the soaring sale prices, bitter competition, vacation home boom and limited inventory […]
There has never been a better time for innovation in the mortgage tech and proptech space with the high-octane U.S. housing market continuing to create new pressures for buyers and sellers. A Seattle-based company called Flyhomes, a startup that launched five years ago, just raised $150 million in Series C funding and has been valued […]
