Page 91 - Corelogic News Today

Even if there are as many as three interest rate cuts later this year, it might not be enough.

Even if there are as many as three interest rate cuts later this year, it might not be enough.

CoreLogic estimated that across the greater Los Angeles area, nearly 543,000 single- and multifamily homes with a combined reconstruction cost value (RCV)

The auction year is off to a strong start with almost three in four homes listed selling at the weekend, but experts say a wave of stock could temper the pace.

The average home loan size across Australia was $624,383 in December – a big jump from $608,448 in November and the highest average loan size ever recorded in the ABS data set, the Bureau’s latest lending data show.

New figures have revealed the size of the average Australian mortgage is now at a record high as borrowers take on bigger debts than ever before to secure their dream of home ownership.

Economists, even Jerome Powell, keep telling us rent will drop. So why hasn’t it, for over a year?

In Australia, the Q4 CPI printed 0.6% (4.1%yr) for headline inflation and 0.8% (4.2%yr) for core trimmed mean inflation, meaningfully lower than the RBA’s forecast of 4.5%yr across both indicators. The detail of the report confirmed disinflation’s pace is faster than expected and it has breadth. Indeed, the proportion of expenditure classes that are tracking a pace above 3.0%yr has fallen drastically, from 71% in September to 56% in December. The largest downside surprise in the quarter was ...

The Federal Reserve held the federal funds rate at a 22-year high of 5.25% to 5.5% at its January meeting on Wednesday.

New lending drops for first time in five months