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NAR: Americans want a tax plan that supports the American dream
NAR’s poll shows that 67% of voters support doubling the capital gains exemption on the sale of a primary residence and a robust tax plan.
Federal lands amendment draws bipartisan rebuke
As Republicans line up behind a plan to sell federal lands for housing, one Republican representative is signaling his opposition.
Sidelined homebuyers see opportunity in a possible recession
According to the survey, 63.4% of respondents expect a recession within the next year, reflecting the highest level of concern since 2019.
Housing Market Tracker: Mortgage rates and inventory fall together
If the mortgage market wasn’t so stressed, mortgage rates should be at 5.99% today. In a regular market, they would be closer to 5.25%.
Fed delivers a 25 bps rate hike amid bank failures
The Fed has decided to forge ahead in its fight against inflation, despite several bank closures that have caused turbulence in the financial markets.
Lower mortgage rates fueling existing home sales
To understand why we had such a beat in sales, you only need to go back to Nov. 9, when mortgage rates started to fall from 7.37% to 5.99%.
