Financial Markets

Mortgage Market Update – More of the Same for Mortgage Rates

By Doug Katz – 9/16/2022 Per Freddie Mac: Mortgage rates continued to rise alongside hotter-than-expected inflation numbers this week, exceeding six percent for the first time since late 2008. Although the increase in rates will continue to dampen demand and put downward pressure on home prices, inventory remains inadequate. This indicates that while home price …

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Increased Layoffs Show Further Signs of Housing Correction

By Doug Katz – 06/16/2022 Two large players in the housing market announced layoffs this week and this is not the first companies to trim their workforce. In their announcements, Redfin and Compass communicated job cuts of 8% and 10% respectively. This is on the heels of some pretty substantial layoffs in the lending sector …

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The Bear Market and Further Declines Will Impact Homebuyers and Sellers

By Doug Katz – 06/14/2022 In a recent interview, billionaire Lee Cooperman made these observations about the markets.  “It’s a bear market,” he said “We’ve gone through one of the most speculative periods I’m aware of: SPACs and all that kind of crap that was going on. Crypto, and NFTs…I think it will be unlikely …

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