National Community Reinvestment Coalition - NCRC’s Post

As mortgage rates remain near two-decade highs, the lion’s share of U.S. homes are lingering on the market, with over three in five listings remaining unsold for at least 30 days. This indicates the persistent slowdown in buyer activity due to escalating housing costs. https://ow.ly/OWgc50SkUc7

Our economists expect mortgage rates to dip below 6% in 2024, helping boost home sales. Read the ESR Group’s first economic and housing outlook of the year, which also contains their theme for the housing market for 2024: https://spr.ly/6045rgcSZ

As we see interest rates trickle down I’m expecting an uptick in buyer activity, creating a power shift between home sellers and homebuyers. As more potential homebuyers reconsider the purchase of a home with housing being more affordable, I believe the ability to negotiate more favorable terms with sellers will decrease. What are your thoughts?

Mortgage rates lowered by 75bps and bond yields are down. With these benchmarks already making moves, will we see reduced dealer fees or APR from unsecured home improvement lenders soon?

The high mortgage rates locking you out of the housing market aren't going away, top economist says. 'Everybody should get used to 5.5% to 6%' Contact me to discuss the latest scoop in real estate! #LouisianaRealEstate #LouisianaHomes #LARealtor #MortgageBrokerLA #HomeLoansLouisiana #LouisianaProperties #LAHomeBuyers #LouisianaHomeSales #LouisianaInvestments #LARealEstateMarket

Sky high mortgage rates appear to be at an end. With the Federal Reserve’s latest action on interest rates and signals to the market, the U.S. housing market could see some increased activity on both the supply and demand sides of the market. In my most recent video I cover the latest developments affecting mortgage rates, where they could be headed in 2024, and what that means for home prices moving forward. Check it out in the link below! https://lnkd.in/gNE9jkQe #housingmarketcrash #housingmarket #homeprices #realestatecrash #realestate #mortgagerates #interestrates #federalreserve #cpi #inflation #recession #homeprice #bondmarket

Mortgage Rate Predictions for September 2023: Will Rates Go Up? Contact me to discuss the latest scoop in real estate! #MaineRealEstate #MaineHomes #MERealtor #MortgageBrokerME #HomeLoansMaine #MaineProperties #MEHomeBuyers #MaineHomeSales #MaineInvestments #MERealEstateMarket

Sky high mortgage rates appear to be at an end. With the Federal Reserve’s latest action on interest rates and signals to the market, the U.S. housing market could see some increased activity on both the supply and demand sides of the market. In my most recent video I cover the latest developments affecting mortgage rates, where they could be headed in 2024, and what that means for home prices moving forward. Check it out in the link below! https://lnkd.in/gShUkYck #housingmarketcrash #housingmarket #homeprices #realestatecrash #realestate #mortgagerates #interestrates #federalreserve #cpi #inflation #recession #homeprice #bondmarket

Mortgage rates might hit 8%: Here's what that means for you Contact me to discuss the latest scoop in real estate! #phoenixhousingmarket #phoenixhomesforsale #scottsdalerealtor #scottsdalehomes #Phoenixrealestate #phoenixhomes #arizonahomes #arizonarealestate #arizonarealtor #arizonarealestateagent

Despite mortgage rates hitting a 22-year high at 7.23%, there's a glimmer of hope as we approach the end of summer. Economist Jiayi Xu highlights potential for more newly listed homes and a possible faster autumn market.   Dive into the highs and lows of the housing market in this latest article.  https://buff.ly/45mt6iD