Federal Reserve
Hopes that home sales would really pick up next year alongside a steady decrease in mortgage rates are growing more sober following another revised forecast by Fannie Mae. For the second month in a row, the government-backed lender’s economic research group toned down its expectations for home sale activity in 2026. In September, a 9.2%…
By Jonathan MillerSpecial Contributor Takeways Data blackouts like the one caused by the performative federal government shutdown will “slow down” the time it takes the Fed to cut rates. Fed Chair Powell clearly made that point [last week], noting that a December rate cut was no longer a sure thing. Right now, that cut has a 65% chance, down from near-certainty…
Could the worm finally be turning for homebuyers in the Lone Star State? The latest Texas Quarterly Housing Report suggests that might just be the case, with little hints of a rebalancing of power in the housing market. Texas Realtors dropped its Q3 report on Tuesday, and while home prices didn’t see any significant movement…
The latest federal shutdown started at midnight on October 1, setting up an open-ended game of chicken between Republicans and Democrats on Capitol Hill. Reports currently suggest this shutdown won’t be super brief (some previous shutdowns stretched only hours to a few days). The last one dragged on for more than a month. Political calculations…
The Federal Reserve lowered the benchmark interest rate for the first time in nine months on Wednesday, offering a glimmer of hope to homebuyers and industry professionals who have been waiting on the central bank to make things easier on borrowers. Federal Open Market Committee (FOMC) members voted 11-1 to implement a quarter basis point…
