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Looking Back On 2022’s Housing Market & Ahead At What 2023 Holds

https://youtu.be/6ddTRyJjBV8 In 2022, home prices in the Eastern Sierra continued the trend set the previous year, with a 6% rise in the median price from $452,500 to $478,000. This brings growth in the Bishop area median home price over the last five years to 48%. While prices were up, the number of properties [...]

Housing is Slowing, But Not Like Last Time

There are significant signs that the national housing market is cooling off, fueled by rising interest rates and inflation.  The downturn may slow down sales and price appreciation; however, the housing market is in a much better state than it was in 2008.  The health of both the residential real estate industry and the underlying [...]

Mortgage Rates to Rise

The Federal Reserve's announcement Wednesday that it would reduce its bond-buying by $10 billion a month was seen generally as a moderate start to the highly anticipated taper. As such, mortgage rates, which follow bond yields, did not rise dramatically, as some had predicted. "I was relieved by how the market has reacted so far [...]

Fed Keeps Interest Rates, Bond-Buying Program Unchanged

To the surprise of virtually no one, the Federal Reserve kept its cheap-money policy in place, but markets interpreted language in the decision to mean that the end may come sooner than expected. Wall Street had expected the Fed to refrain from tapering its so-called money printing operation. Economic data, particularly in employment and consumer confidence, has [...]

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