Real Estate

Shifts in the Housing Market: Lower Mortgage Rates and Increased Listings

Analyzing Recent Trends in Real Estate Recent developments in the real estate sector indicate potential improvements for prospective homebuyers. Data from Redfin, a prominent real estate brokerage, reveals a noticeable decrease in mortgage rates alongside a rise in property listings. This shift could signify enhanced affordability in the housing market. The average rate for a 30-year fixed mortgage has fallen to 7.03%, as reported by Freddie Mac, a government-supported mortgage lender. This figure reflects a significant drop from the peak of just over 8% noted in early October, which was the highest in 23 years. Corresponding to this decrease, mortgage applications have surged by 15% since their 28-year low in early November. Additionally, the number of new home listings has increased by 7% compared to the previous year, during a period of escalating interest rates. This upward trend in home-buying applications, however, is progressing at a modest pace. Freddie Mac,

Policy Foundations for Real Estate Revival

India’s real estate sector is experiencing a robust recovery, marked by increased investment in physical assets, a preference for larger residential spaces, and a growing


Fed Imposes Another Interest Rate Hike

The Federal Reserve continues its fight against worsening inflation in the United States as the Fed decides to increase interest rates again. This hike, however,


How the Feds Affect Market Prices

The Federal Reserve, in its century-long establishment, has been a significant player in setting the mood of the stock market and market prices. As the