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Housing markets

Even as prices moderate, many US homes remain overvalued

Affordable housing, Economy, Housing markets, Mortgage Rates /

The average home in more than half of the nation’s metro areas was overvalued by more than 10% during the fourth quarter of 2024, the latest Sustainable Home Price Trends report from Fitch Ratings declared. Nationwide, prices were 11% above where they should be, a reduction from 11.1% in the third quarter. But 85% of […]

Even as prices moderate, many US homes remain overvalued Read More »

Most economists expect rate cuts after July

Economy, Housing markets, Mortgage Rates /

Economists surveyed by Wolters Kluwer remain solidly behind the notion that the Federal Open Market Committee will reduce short-term rates in 2025. Its May Blue Chip Economic Indicators report even included the possibility that the Fed could actually raise interest rates in 2025 based on comments made by Chairman Jerome Powell which the authors noted

Most economists expect rate cuts after July Read More »