As 2023 draws to a close, the housing market has been sharply affected by a significant rise in mortgage interest rates. According to the Mortgage Bankers Association (MBA), mortgage application volumes experienced a drastic decline of 21.9% in the two weeks ending December 27, 2023. This downturn coincided with the typical seasonal slowdown in the
Real Estate
The year 2024 has ushered in a mixed bag for the housing market, presenting an intriguing tapestry of opportunity and challenge. As the market adjusts to new dynamics, an analysis of current trends reveals many layers that homeowners, buyers, and real estate professionals must navigate. One of the more promising developments noted as we transition
In 2024, the Federal Reserve made the decision to lower its interest rate target three times, prompting many Americans to anticipate a decline in mortgage rates. However, experts caution that homeowners looking for a significant reduction in their mortgage expenses may be disappointed. Jordan Jackson, a distinguished global market strategist with J.P. Morgan Asset Management,
In December 2024, the Federal Reserve made headlines by cutting interest rates for the third time during the calendar year. While this adjustment holds implications for various sectors of the economy, it particularly raises questions regarding the ever-elusive relationship between federal rates and mortgage rates. Surprisingly, despite the Fed’s actions to lower interest rates, mortgage
In the ever-changing landscape of the stock market, the decision to invest requires both foresight and discipline. Recently, notable investor Jim Cramer has made moves within his Charitable Trust that exemplify this strategic approach. The Trust’s addition of 50 shares of CrowdStrike at approximately $354 each, along with 25 shares of Home Depot at around
The housing market has always been a complex landscape, shaped by a multitude of economic, demographic, and social dynamics. As we look forward to 2025, the National Association of Realtors (NAR) offers valuable insights into which metro areas may emerge as favorable hot spots for both homebuyers and sellers. While the current market presents challenges,
Recent trading activities reflect a nuanced understanding of market behavior and informed decision-making strategies. In the dynamic world of investing, knowing when to buy can significantly influence the long-term health of a portfolio. As we observe the market fluctuations, it’s essential to sift through not just numbers and facts but the underlying trends that signal
In recent months, the performance of Easterly Government Properties (DEA) has come under scrutiny as it faces significant challenges following the U.S. presidential election. Investors are increasingly anxious about the potential ramifications of proposed federal budget cuts led by a council known as DOGE—an acronym for the Department of Government Efficiency. As leaders like Elon
As the Federal Reserve approaches its scheduled meeting on December 18, expectations are rife that a new interest rate cut may occur. This anticipated reduction represents the third consecutive cut, cumulatively reducing the federal funds rate by a full percentage point since the Fed initiated its strategy in September. The persistent economic challenges following a
Securing a mortgage is often a crucial step in the journey towards homeownership. However, many applicants face hurdles that can ultimately result in denial. Understanding the factors that contribute to these challenges, particularly the verification of income, can help potential buyers navigate the complex mortgage landscape more effectively. One of the foremost reasons mortgage applications