Stocks Gain for Second Day; Treasury Selloff Wanes: Markets Wrap
Yahoo Finance – 2/7/2022
U.S. stocks rose in choppy trading, as investors assessed the outlook for monetary policy ahead of key inflation data later this week. Benchmark Treasury yields pulled back from session highs.
A record low number of consumers say now is a good time to buy a home
CNBC – 2/7/2022
A monthly survey from Fannie Mae showed home purchase sentiment in January fell to its lowest level since May 2020, at the start of the pandemic.
Expect markets to be on a wild ride until the Fed really starts raising rates
CNN Business – 2/7/2022
Even the smartest Wall Street investors don’t know if markets will be up or down tomorrow, but they do seem to agree on one thing: The coming year will be a wild and dangerous ride.
Affordability Worsens as Price Gains Re-Accelerate
Mortgage News Daily – 2/7/2022
Black Knight says home price growth, which showed signs of cooling, now appears to be re-accelerating in part because of worsening inventories, which the company calls a crisis.
California First-Time Home Buyer Assistance Programs for 2022
Realtor.com – 2/7/2022
Here’s a rundown of the various Golden State–sponsored programs for first-time home buyers, as well as who is eligible and how they can help lower the costs of homeownership so that it’s more within reach.
Homeownership Harder to Achieve Due to High Prices and Low Inventory
MortgageOrb – 2/7/2022
The turbocharged housing market is hurting middle-class homebuyers stymied by a double whammy of fast-rising prices and a dearth of properties for sale.
Distributed by Carrington Communications.
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