Housing Crash: $1.3 Trillion in Equity Vanished in the 3rd Quarter
The third-quarter decline means that equity among mortgaged homes is now down by nearly $1.5 trillion from its May 2022 peak, Black Knight said.
Source: businessinsider.com
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Home Prices Are Down As Rates Rise, but the Fed's Role Is Tricky
"Inflation is much more of a barometer of what we'll see going forward with mortgage rates than the Fed," said Bankrate.com's Greg McBride.
Source: businessinsider.com
Housing Outlook: Price Cuts Climb Alongside Decline in Overall Price Tag
Houses are being listed for steeper discounts, according to data from Realtor.com released Thursday. At the same time, inventories are growing.
Source: businessinsider.com
Soft Landing Is 'Very Probable' and Rate Hikes to 5.25% Would Overshoot
"I think 5 and a quarter is going to be a big overshoot in retrospect, and the funds rate ultimately will land somewhere lower than that."
Source: businessinsider.com
Stock Market News Today: Sell-Off Continues As Powell Stays Hawkish
"The key takeaway is that there may be slower rate hikes in the future, but these may be higher than previously anticipated," an analyst said.
Source: businessinsider.com