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News Knockout Final: Your favorite 2 stories of the year duke it out
Mortgage Rates Increase Ahead of the Holidays
Mortgage rates reversed course this week after several weeks of declines, but continue to make small moves around the mid- to upper sixes. This week the 30-year fixed-rate mortgage (FRM) averaged 6.72%, up from last week’s average of 6.60%, according to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday. “This week,…
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Existing-home sales surge to highest level in more than 3 years
Leading Index Reverses Course, Up for the First Time Since February
The Conference Board Leading Economic Index (LEI), which measures indicators of significant turning points in the business cycle and where the economy is headed in the near term, saw a rise for the first time in eight months and nearly completely reversed course from its October reading, posting a 0.3% increase for the month of…
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With Rentals Rising, Has the American Dream Become the American Fantasy for Many?
It’s a troubling trend, at least for those working within the residential real estate realm. Homebuyer hopefuls priced out of the American Dream having to reluctantly continue to rent is one thing. But having some of those same folks shift gears and embrace renting upscale homes as a logical and worthy long-term alternative is quite…
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2025 Housing Market Predictions: What Economists Expect for the Year Ahead
Ask any real estate or mortgage professional what housing has been like in 2024, and the answer is likely chaotic. Ask consumers the same question, and they’ll probably sum it up in one word: unaffordable. A continued trend of higher-for-longer mortgage rates will continue into 2025 accompanied by high home prices, but slight improvements are…
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Fed Cuts Interest Rates by a Quarter-Point, Third Cut This Year
As widely expected, Federal Reserve (Fed) officials lowered interest rates again, marking the third cut this year—although markets wobbled based on projections of a slower pace of cuts going into 2025. During its final meeting of the year, the Federal Open Market Committee (FOMC) lowered rates by a quarter-percentage point to 4.25% to 4.5%—cutting one…
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Existing-Home Sales See Strongest Year-Over-Year Increase Since 2021
Existing-home sales continue to rise year-over-year for the second month as economists say buyers are feeling more positive about their market prospects. Total existing-home sales improved 4.8% in November, rising from October’s rate of 3.96 million to 4.15 million. November’s sales data saw a large jump of 6.1% year-over-year, more than double October’s year-over-year increase…
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M&G expands living exposure in Southern Europe with €126m spree - IPE Real Assets
U.S. Housing Industry Reacts to the Federal Reserve's Late 2024 Rate Cut - The World Property Journal
The Risks of Climate Change to the United States in the 21st Century - Congressional Budget Office
