The Real Estate News Brief: Economist Rate Hike Predictions, U.S. Home Values Surge, Cities In Need of Housing

In this Real Estate News Brief for the week ending August 19th, 2023... what economists say the Fed will do next, a new record high for U.S. home values, and the cities with the biggest need for new housing. We begin with the results of a poll among economists on whether the Fed is through with rate hikes. Reuters polled 110 economists for their opinion on what the Fed will do next. 90% of them believe the Fed will keep interest rates right where they are. About 80% don't think we'll see another rate hike for the rest of the year. And, a slight majority are anticipating a rate cut by March... Please sign up for free membership at our RealWealth website if you'd like to learn more about how and where to invest in real estate. You can also catch up on any episodes you've missed at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review! Links: 1 - https://www.reuters.com/markets/rates-bonds/fed-done-hiking-slim-majority-economists-say-no-rate-cut-through-march-2023-08-18/ 2 - https://www.cnbc.com/2023/08/16/fed-meeting-minutes-signal-coming-rate-moves.html 3 - https://www.marketwatch.com/story/jobless-claims-fall-11-000-to-239-000-layoffs-in-the-u-s-still-low-c9cd3418?mod=economic-report 4 - https://www.marketwatch.com/story/builder-confidence-falls-for-the-first-time-in-2023-despite-strong-u-s-home-buying-demand-f6b543e1?mod=economic-report 5 - https://www.marketwatch.com/story/builders-ramped-up-construction-of-new-homes-in-july-6d087590?mod=economy-politics 6 - https://www.freddiemac.com/pmms 7 - https://nationalmortgageprofessional.com/news/us-home-values-soar-record-468-trillion-amid-housing-shortage 8 - https://www.bloomberg.com/news/articles/2023-08-14/san-francisco-real-estate-declines-spur-property-tax-assessment-appeals 9 - https://finance.yahoo.com/news/housing-market-2023-4-cities-113007105.html