Coronavirus Pushes Rates Lower
Tue, 25 Feb 2020 13:01:27 GMT
Financial markets on Monday ratcheted up bets the U.S. Federal Reserve will be pressed to cut interest rates to cushion a feared hit to economic growth from the spread of the coronavirus, although one official cautioned against expecting the central bank to over-react to short-term market moves.
Home Prices Rose 3.8% In 2019
Tue, 25 Feb 2020 13:00:56 GMT
U.S. home prices increased 3.8% in December from a year earlier, a faster pace than the prior month’s 3.5%, according to CoreLogic Case-Shiller National Home Price Index.
Housing Shortage Leads to Intense Competition
Tue, 25 Feb 2020 13:00:22 GMT
Low mortgage rates have brought buyers back to the housing market, but a lack of listings means buyers are having to compete with one another to secure a sale and lock in a mortgage rate.
Multifamily Construction Increased in Q4
Tue, 25 Feb 2020 12:59:47 GMT
The market share of rental multifamily construction starts increased to 94% during the fourth quarter of 2019.
Don’t Let Sellers Leave Tax Breaks on the Table
Tue, 25 Feb 2020 12:59:14 GMT
Remind your sellers to ask their financial advisers about the tax deductions they’re eligible for in a home sale. One of the big ones they may qualify for: selling costs.
Pandemic Fears Grip Wall Street
Mon, 24 Feb 2020 12:45:55 GMT
The Dow Jones Industrials shed 800 points on Monday as investors scurried to safer assets after a sharp rise in coronavirus cases outside China fueled fears of a bigger impact to global growth.