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Found 177 entries published by Liza Alley.

Mortgage rates are continuing their downward trend as investors keep a lookout for more signs of cooling inflation.

“This week, labor cost data provided a ray of hope as it showed that hourly compensation was lower than previously reported in the second and third quarters for all sectors except manufacturing,” writes Danielle Hale, chief economist at Realtor.com, adding that gas prices are also plunging.

Nadia Evangelou, NAR senior economist and director of real estate research, commented: 

“Mortgage rates continue to move down. According to Freddie Mac, the rate on a 30-year fixed mortgage dropped to 6.33% from 6.59% the previous week. Housing affordability rose about 8% in the last four weeks as mortgage rates moved closer to 6%. If

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Weekly Review
Newsletter - 12/12/2022

Week of December 5, 2022 in Review

Reports on home prices, inflation and unemployment highlighted a relatively quiet economic calendar, while recession signals continue flashing. Read on for these crucial stories:

  • Wholesale Inflation Hotter Than Anticipated
  • Are Home Prices Still Forecasted to Appreciate?
  • Continuing Jobless Claims Reach a 10-Month High
  • More Recession Signals Flashing

Wholesale Inflation Hotter Than Anticipated

The Producer Price Index (PPI), which measures inflation on the wholesale level, rose by a higher than expected 0.3% in November. On a year-over-year basis, PPI decreased from an upwardly revised 8.1% to 7.4%. While this was also a little higher than expected, 0.7%

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Weekly Review
Newsletter - 12/05/2022

Week of November 28, 2022 in Review

With reports on housing, jobs, inflation and Fed chatter, the markets had plenty to digest last week. Here are the highlights:

  • Big Jobs Number or Grand Illusion
  • Private Sector Job Growth at Slowest Pace Since January 2021
  • Continuing Jobless Claims at Highest Level Since February
  • Bonds Boosted by Fed Chair Powell and Cooler Inflation
  • Why Signed Contracts on Existing Homes Are Set to Rebound
  • What the Latest Home Price Appreciation Data Really Means
  • Third Quarter GDP Remains Positive

Big Jobs Number or Grand Illusion

The Bureau of Labor Statistics (BLS) reported that there were 263,000 jobs created in November, which was stronger than

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Mortgage rates continued their plunge from a peak of 7.08% in November, marking their biggest three-week drop in 14 years.

“Mortgage rates continued to drop this week as optimism grows around the prospect that the Federal Reserve will slow its pace of rate hikes,” says Freddie Mac chief economist Sam Khater.

Mortgage rates this week

30-year fixed-rate mortgages

The average 30-year fixed-rate mortgage dropped to 6.49%, down from 6.58% the week prior, Freddie Mac reported Thursday. A year ago, the 30-year rate averaged 3.11%.

Mortgage rates began to slide below 7% after the most recent inflation data was released in mid-November. The consumer price index was at 7.7%, coming in below economist's expectations.

“Data shows that mortgage

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1. People who look at your home over the holidays are serious buyers.

2. Serious buyers have fewer homes to choose from over the holidays as most sellers take their homes off the market, equating to less competition and more money for you.

3. Since the supply of homes will drastically increase in January, more inventory means more competition in selling your home, which could cost you money.

4. Homes show their best when decorated for the holidays.

5. Buyers can get emotionally connected to a home, visualizing celebrating their future holidays there and may spend more money.

6. Buyers have more time to look over the holidays, with flexibility to view homes during the weekdays.

7. Some people must buy before the end of the

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Weekly Review
Newsletter - 11/28/2022

Week of November 21, 2022 in Review

A smorgasbord of news was released ahead of Thanksgiving, including an update on new home sales, jobless claims, the Fed and recession chatter. Read on for these stories:

  • New Home Sales Better Than Expected in October
  • Initial Jobless Claims Hit a Three-Month High
  • Will the Fed Slow Its Pace of Rate Hikes?
  • Should Strong Retail Sales Quiet Recession Chatter?

New Homes Sales Better Than Expected in October

New Home Sales, which measure signed contracts on new homes, rose 7.5% in October to a 632,000-unit annualized pace, coming in much better than the 5.5% decline that was expected. There was a negative revision to September’s sales that made

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With everything going on from Holiday parties to shopping and visits from the in-laws we know that it’s easy to turn away from listing and selling your home during the holidays. Plus, almost everyone says the market slows down in the Winter and you should just wait until Spring, right? WRONG!

While it’s true the market is usually slower around the holidays, the current market trends of constrained inventory and desperate buyers have in fact made the Holidays an excellent time to put your house up for sale. With fewer sellers listing during the Holiday period, buyers are left sitting around with pre-approval letters in-hand just starving for inventory!

Here are 5 TIPS FOR SELLING YOUR HOME AROUND THANKSGIVING

1. Make Curb Appeal a Top

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Weekly Review
Newsletter - 11/21/2022

Week of November 14, 2022 in Review

Home sales and home construction cooled in October, while wholesale inflation data gave Bonds a boost. Here are the key headlines.

  • Low Housing Inventory Remains Supportive of Home Prices
  • Construction of Homes Continues to Slow
  • Builder Confidence Drops for Eleventh Consecutive Month
  • Wholesale Inflation Cooler Than Estimated
  • Continuing Jobless Claims Continue to Creep Higher

Low Housing Inventory Remains Supportive of Home Prices

Existing Home Sales fell 5.9% from September to October to a 4.43 million unit annualized pace, per the National Association of Realtors (NAR). This was slightly stronger than expectations looking for a 7% decline. Sales

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What a difference just a few months can make. As the year comes to a close, the red-hot housing market has been brought to its knees by soaring mortgage interest rates.

  •          “Seattle, Phoenix, San Francisco could all see 20% price drops.”
  •          Wolf, of Zonda, expects prices could fall by 15% nationally over the next year
  •          “A really important thing to remember is housing is cyclical,” says Wolf. “We came from a massive run-up in prices, sales, demand in the housing market, and now it’s contracting. This is not new.”
  •          Nationally, home list prices rose 40.6% in just over two years’ time
  •          So, a 10%, 15%, or even 20% drop over a two-year span isn’t as significant as it might seem at first.

It now

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Weekly Review
Newsletter - 11/14/2022

Week of November 7, 2022 in Review

October brought cooler than expected consumer inflation, which boosted both Stocks and Bonds when the data was reported on Thursday. Meanwhile, Jobless Claims continue to tick higher. Read on for these key headlines and more.

  • Consumer Inflation Cooler Than Estimated in October
  • Inflation Remained a Top Problem for Many Small Businesses Last Month
  • Rising Continuing Jobless Claims Suggests Slower Pace of Hiring
  • The Scoop on Key Auctions

Consumer Inflation Cooler Than Estimated in October

The Consumer Price Index (CPI), which measures inflation on the consumer level, showed that inflation increased by 0.4% in October, coming in lower than estimates. On an

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