The Internet begat real estate technology firms hoping to compete with the traditional brokerage industry. One avenue for competition is the gathering and analysis of housing data. We now have multiple sources of data but also uncertainty and often disagreement.
Ringing out the year in housing with a fact and a forecast. The housing market is “down” relative to an extraordinary up. We predict another up albeit less extraordinary.
The Fed raised its Federal Funds rate by 0.5%, pushing the rate to between 4.25% and 4.5%. Investors were pleased.
Uncertainty is the word of the season among consumers, analysts, builders . . . well, just about everyone.
The internet revolutionized the gathering and distribution of information. The reservoir is much wider and deeper. The flow is faster and more voluminous. Are consumers better off? Did the world speed by the point of balance between too little and too much information?
Builder confidence in October 2022, as measured by the National Association of Home Builders, dropped to 33.
Federal Reserve Bank officials explicitly warned investors that the stock and bond market exuberance over the October decline in the CPI to 7.7% was irrational. Treasury bond investors ignored the warning, pushing the 10-year down slightly early in the week.
Homes for sale inventory is climbing rapidly to no one’s surprise. The number of listed homes rose 33.5% in October 2022 from the prior year, according to Real Estate News.
Our recap of the week in numbers from equities to bonds to commodities and housing to the many indices and
The 30-year mortgage rate slid 33 basis points this week from 7.37% to 7.04%, erasing all of last week’s increase.
PO Box 97666
Raleigh, North Carolina 27624
(919) 263-0960
© 2024 All Rights Reserved.