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Vesta Equity Market Recap 12.0

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For the latest information on the housing market, make sure to check out Vesta Equity's Real Equity Marketplace Update 12.0 edition. Please sign up to receive the recap weekly and share the recap with people in your network who want to stay on top of the latest housing trends and investment opportunities.

Written by: Michael Carpentier
April 3, 2023

The Pulse on Housing

Despite lower mortgage rates, the latest Housing Market Tracker reports a drop in housing inventory, indicating a more competitive market for homebuyers.

Mortgage applications increase for fourth consecutive week as interest rates decline.

The struggles of traditional banking networks have reportedly led to a boost in the cryptocurrency market, with Bitcoin reaching a three-month high and Ethereum reaching a new all-time high.

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Top News in Housing

Rates decrease for third straight week - For the third week in a row, the 30-year fixed-rate mortgage (FRM) fell, averaging 6.32%, according to the latest Primary Mortgage Market Survey (PMMS) released by Freddie Mac on Thursday.

NHMC: Multifamily sector shows strength despite housing challenges - Despite headwinds, multifamily conditions are positive, according to the National Multifamily Housing Council.

Americans expect over 8% mortgage rates in 2024 - According to the latest survey by the New York Fed, Americans predict a massive hike in mortgage rates, with survey respondents forecasting rates to exceed 8% next year, which would be the highest prediction since the survey's initiation.

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