top of page
  • Metro East REIA

Real Estate Trade Groups Call on the Fed to Say No to Rate Hikes

The Scotsman Guide is reporting that three real estate industry groups have banded together to bring attention to the Federal Reserve about what they say is havoc being caused by rising interest rates on the housing market. In a joint letter to Fed chair Jerome Powell and the central bank’s Board of Governors, leaders from the Mortgage Bankers Association (MBA), National Association of Realtors (NAR) and National Association of Home Builders (NAHB) said they seek to “convey profound concern shared among our collective memberships” about the impacts of continued uncertainty regarding rate policy moving forward. Continue reading HERE...

0 views0 comments

Recent Posts

See All

Rental information site Zumper recently released their latest monthly National Rent Report for November, 2023. According to their data, median rent for 1-bedroom apartments was $1,499 (down 0.4% from

The U.S. government is reporting that total construction spending in October, 2023 was at a seasonally adjusted annual rate of $2027.1 billion, which is 0.6% higher than September’s revised estimate a

The latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 3.9% annual change for September, 2023. Their 10-City Composite increased 4.8% and their 20-City Composite increase

bottom of page