Housing Economic Update: Insights from the June 2024 FOMC Meeting
The Federal Open Market Committee (FOMC) meeting on June 11-12, 2024, brought forth some significant insights and decisions that are crucial for understanding the current economic landscape and its implications, particularly for the real estate market. Here’s a breakdown of the key points from the m
Is the U.S. Housing Market Slowly Recovering?
The U.S. existing home sales market has been grappling with a severe downturn, hitting levels reminiscent of the late 1970s. Despite a significantly larger population, the market is struggling to regain its footing. Goldman Sachs forecasts a gradual recovery over the next few years, hindered by dete
Is Southwest Colorado's Real Estate Market Thriving or Surviving in May 2024?
Nationally, inventory is growing. According to market expert Walden, “While we’ve made meaningful strides in terms of inventory improvement, there are still roughly 36% fewer listings than normal for this time of year. Likewise, in the face of higher rates and prices, purchase mortgage demand remain
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