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Top related persons:
Sam Hall - 1 haven't - 1 Sal Guatieri - 1 Indradip Ghosh - 1 Prerana Bhat - 1 Aditi Verma - 1 Maneesh Kumar - 1 Jonathan Cable - 1
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BENGALURU
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stagnating - 1 U.S . Federal Reserve - 1 Capital Economics - 1 BMO Capital Markets - 1 Thomson - 1

Search resuls for: "Sam Hall"


2 mentions found


☆ US home prices to fall less than expected despite high borrowing costs
  + stars: | 2023-05-31 | by ( Prerana Bhat Indradip Ghosh | Prerana Bhat | Indradip Ghosh | ) www.reuters.com   time to read: +3 min
Average house prices as measured by the S&P CoreLogic Case-Shiller composite index of 20 metropolitan areas were forecast to stagnate next year. "Looking ahead, we think there is scope for prices to fall a little further. "Given supply is likely to stay tight, there is a risk house prices may not fall as much as we previously expected." The 30-year fixed mortgage rate, currently around 6.7%, was expected to average 6.2% in 2023. Those high mortgage rates are restricting housing supply, which puts upward pressure on prices, as well as demand.
Persons: Sam Hall, haven't, Sal Guatieri, Indradip Ghosh, Prerana Bhat, Aditi Verma, Maneesh Kumar, Jonathan Cable, Ross Finley, Sharon Singleton Organizations: stagnating, Reuters, U.S . Federal Reserve, Capital Economics, BMO Capital Markets, Thomson Locations: BENGALURU
☆ U.S. home prices to fall 4.5% in 2023 despite higher rates: Reuters poll
  + stars: | 2023-03-02 | by ( Indradip Ghosh Prerana Bhat | Indradip Ghosh | Prerana Bhat | ) www.reuters.com   time to read: +3 min
Mortgage rates had been broadly declining since October but resumed their ascent in recent weeks on expectations the Fed will keep its federal funds rate higher for longer. While house prices probably had a bit further to fall, an overall housing shortage will broadly support these historically-elevated levels, Sunbury said. "We don't think affordability will return to its post-GFC levels or even its pre-pandemic average in the coming years." The 30-year fixed mortgage rate, currently at 6.5%, will average 6.35% this year, the poll found. (For other stories from the Reuters quarterly housing market polls:)Reporting by Indradip Ghosh and Prerana Bhat; Polling by Susobhan Sarkar and Sujith Pai; Editing by Hari Kishan, Ross Finley and Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.
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