Your Future Home hosts Baker Machado and Jill Wagner discuss today's top real estate stories. From Amazon's potential second headquarters to the rise of mortgage applications, we have you covered!
Selected cities have major concerns over Amazon movin' in. Civic organizers are concerned that all the new residents employed by Amazon would put a strain on locals already struggling with high housing prices and crawling commutes.
Plus, according to a new report from the Mortgage Bankers Association, mortgage applications rose 4.5% last week as buyers are rushing in to beat higher rates. The report said volume was up more than 6% versus a year ago.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.
