Mortgage Rates Drop For First Time In 6 Weeks—But Housing Market Downturn Could Last Several Years, Wells Fargo Warns – Forbes


Despite mortgage rates falling for the first time since mid-August, experts are warning the higher borrowing costs that have tanked the housing market this year could stick around for at least another year—and perhaps even longer depending on how the Federal Reserve’s battle against inflation pans out in the coming months.

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Knoxville real estate housing market: How homebuying will change – Knoxville News Sentinel

Knoxville’s housing market remains hot as buyers snatch up homes in a matter of days and for over asking price.

Knoxville ranked 13th out of the top 100 metro areas for home price growth during the second quarter of 2022. Prices were up 4.9% over the previous quarter and up 25.6% over the previous year, according to the Federal Housing Finance Agency’…….

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We’re entering the next stage of the housing market downturn—3 things to expect heading forward – Fortune

“I’d say if you are a homebuyer, somebody or a young person looking to buy a home, you need a bit of a reset. We need to get back to a place where supply and demand are back together and where inflation is down low again, and mortgage rates are low again,” Powell told reporters.

Whenever a central bank moves from monetary easing to monetary tightening, there’s going to …….

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Home listings suddenly jump as sellers worry they may miss out on the red-hot housing market – CNBC

Sharply higher mortgage rates have caused a sudden pullback in home sales, and now sellers are rushing to get in before the red-hot market cools off dramatically.

The supply of homes for sale jumped 9% last week compared with the same period a year ago, according to That is the biggest annual gain the company has recorded since it began tracking the metric in 2017.


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