The stock market is having another nasty bearish session on Tuesday on fears that the Federal Reserve will raise interest rates for a longer period to a higher level and that could tip the economy into a recession. The central bank, according to the Wall Street Journal, plans to raise rates above 5% next year …
Here’s where we stand after this week’s sharp back-to-back market declines Read More »
Home sellers should brace for a tough year ahead, with a real estate group predicting that property sales could fall in 2023 as more buyers are sidelined by rising mortgage rates and house prices out of reach. The number of homes sold will likely plunge 14.1% to 4.53 million homes, the lowest number of real …
Home sales could plunge in 2023. These cities could experience the biggest declines. Read More »
The dollar has tumbled in the past fortnight from a 20-year high amid signs of slowing inflation in US fuel speculation that the Federal Reserve will soon slow its rate hikes. The greenback has fallen more than 4% against a basket of six peers so far in November, leaving it on course for the biggest …
Dollar drops to 20-year high as US inflation declines Read More »
Looking ahead to 2023 and what it will bring to the housing market, two of Utah’s leading housing experts respectfully disagree with each other. Although they both agree that the market is in the midst of a price correction after two years of runaway demand amid the pandemic real estate frenzy, they have different perspectives …
Housing experts disagree on Utah home price declines in 2023 Read More »
