BofA CEO Sees Two-Year Housing Slowdown as U.S. Rates Rise
BofA CEO Moynihan said activity in the U.S. housing market will probably slow for two years as the Federal Reserve raises interest rates.
Recent
Mortgage Rates Could Tank Home Prices by 20%, Fed Study Finds
US house prices could tumble as much as 20% in the wake of the surge in mortgage rates.
Fed Sees Risk of Big Declines in Still-Lofty US House Prices
Fed suggested that lofty home prices could be susceptible to steep declines after big run-ups in recent years.
Mortgage Rates Slip Below 7%
Mortgage rates dropped below 7% this week, but remain high enough to keep price-rattled homebuyers on the sidelines. Average 30yr fixed fell to 6.95%.
Mortgage Rates are Soaring. Is it Still OK to Refinance Your Home?
It should follow, that homeowners looking to refinance loans would also be headed to the sidelines in droves.
If Real Estate Is An Inflation Hedge, Why Are Properties Declining In Value?
Average median house price declined to $389,500 in August, compared to high of $413,800 in June. But median house price still higher than a year ago.
Global Housing Market Pain Has Echoes of a Crash 30 Years Ago
Simon French, chief economist at investment bank Panmure Gordon, who forecasts a 14% fall in house prices over the next three years.
