A summary of pertinent housing information.

1. 2022 2021
A review of “The Paradox of Accessible Lending” by the American
Enterprise Institute (AEI) in Washington, D.C
Joint Center for Housing Studies of Harvard University: Annual
Report: “The State of The Nation’s Housing”
A review of the issues affecting residential housing construction
A review of the Quarterly Report on Household Debt and Credit
by the Research and Statistics Group for the New York Federal
Reserve
U.S. Federal Reserve (FOMC) maintained the target federal funds
rate at 0.00% - 0.25% for the entire year
The Federal Reserve Committee expects that it will be appropriate
to maintain the target range for the federal funds rate until labor
market conditions have reached levels consistent with the
Committee’s assessments of maximum employment, and inflation
has risen to two percent and is on track to moderately exceed two
percent for some time
National average interest rate for a 30-year fully-amortized fixed-
rate mortgage loan: (Jan: 2.76% - Dec: 3.20%)
BIENNIAL COMPILATION OF PERTINENT HOUSING RESEARCH
A review of the monetary policy actions of the Federal Reserve
amid the COVID-19 pandemic and the growing rate of inflation
Joint Center for Housing Studies of Harvard University: Annual
Report: “The State of The Nation’s Housing”
A review of “When Will Government Control of Freddie Mac and
Fannie Mae End” report by the New York University Furman
Center For Real Estate and Urban Policy
Fourteen years after the height of the financial crisis, Freddie Mac
and Fannie Mae are still under government conservatorship. It
appears that the status of the GSEs’ conservatorship is not going
to change in the near future
Why was the reserve requirement cut to 0% in 2020 and when
will it be raised? Raising the reserve requirement would allow the
Fed to implement a more dovish monetary policy in terms of
interest rates, which in turn would help bolster the U.S. housing
market, help the GSEs exit Conservatorship, and strengthen the
financial integrity of the banking system
National average interest rate for a 30-year fully-amortized fixed-
rate mortgage loan: (Jan: 3.2% - Dec: 6.73%)
Source : Adkins Capital Management