Mortgage rates continue their upward trajectory as the Federal Reserve continues their pointed and aggressive response to stubborn inflation, with weekly U.S. average at 6.73% as of 3/8/23. This means that would-be homebuyers are continuing to face challenges of...
Source: Bankrate — The cost of living is the total amount of money required to live in a certain area and cover your basic necessities. Expenses typically factored into cost of living calculations include housing, food and taxes. It may also include such...
Source: Fox Business — The spring home buying season is showing “steady demand” as mortgage rates slip for a second week in a row. On Wednesday, the Federal Reserve raised its key interest rate by a quarter-percentage point and signaled that it...
Source: Bankrate — Single women are a force to be reckoned with in residential real estate. Despite dealing with lower incomes than men, a pricey housing market and increasingly expensive mortgages, they comprise the second largest group of homebuyers — and...
Source: Mortgage News Daily — “I got stuck in a conversation with some wealthy people and one woman asked me how my investments were doing. I replied that both avocadoes should be ripe by tomorrow.” Food prices are an everyday reminder of inflation on the...
Source: CNBC — Global warming has already caused irreversible damage to the earth’s ecosystems and communities, according to a critical report just issued from the United Nations Intergovernmental Panel on Climate Change. The damage is extending to the U.S....
Hits and Misses for the Real Estate Week of May 11-15
