Episode Details

In this Real Estate News Brief for the week ending March 20th, 2021... why homebuilder confidence took a dip, why we won't have a spring home-buying season, and superstitions that discourage homebuyers.   We begin with economic news from this past week, and new assurances from the Federal Reserve about economic growth and inflation. While Fed officials expect to see a GDP OF 6.5% this year and inflation slightly higher than 2%, they have no plans to raise interest rates in 2021.   www.NewsForInvestors.com   Links:   1 - https://www.marketwatch.com/story/fed-sees-no-rate-hikes-through-2023-despite-some-inflation-overshoot-11616004261?mod=MW_article_top_stories   2 - https://www.marketwatch.com/story/unemployment-claims-jump-to-one-month-high-of-770-000-as-texas-applications-surge-11616071511?mod=economy-politics   3 - https://www.marketwatch.com/story/new-home-construction-falters-due-to-februarys-winter-storms-but-support-for-a-home-building-frenzy-remains-11615985107?mod=economic-report   4 - https://www.marketwatch.com/story/home-builder-confidence-dips-to-lowest-level-since-august-as-concerns-grow-about-rising-material-costs-and-higher-interest-rates-11615903279?mod=economic-report   5 - http://www.freddiemac.com/pmms/   6 - https://magazine.realtor/daily-news/2021/03/16/buyers-rush-to-lock-in-low-interest-rates   7 - https://magazine.realtor/daily-news/2021/03/15/survey-60-of-households-priced-out-of-new-home-market   8 - https://www.cnbc.com/2021/03/17/irs-pushes-april-15-us-tax-deadline-to-may-17.html   9 - https://www.lendingtree.com/home/mortgage/homebuying-luck-survey/