Source: Bankrate — Mortgage rates are notoriously unpredictable. True to form, no one is quite sure how rates will respond to this week’s looming rate hike by the Federal Reserve. On Wednesday, the central bank’s Federal Open Market Committee wraps up a July...
Source: Bankrate — Now is a challenging time to buy a home due to rampant inflation, but you may still consider making a home purchase, which could help soften the toll of inflation on your financial life in the years ahead. Meanwhile, learn more about the pros...
Source: Fortune — Talk about a 180. Not only has the Pandemic Housing Boom—which pushed U.S. home prices up 42% over the past two years—fizzled out, but we’ve seen it replaced by a “housing recession.” Across the nation, home sales are...
Source: Miami Herald — The tea leaves are lining up in favor of homebuyers who can afford today’s higher mortgage rates. Multiple sources indicate that more and more people are canceling their home purchases because rates have moved beyond their reach — a...
Source: CNBC — The Covid-19 pandemic caused chaos in the U.S. housing market, with prices skyrocketing, inventories dwindling and intense bidding wars. Then came record inflation, which drove the price of everything higher. The U.S. Federal Reserve, though, is...
Source: Deseret News — If you’ve been paying attention to the U.S. housing market, you’ve likely seen words like “correction” and “recession” crop up more and more. Earlier this week, National Association of Home Builders CEO Jerry Howard warned on Fox...
Hits and Misses for the Real Estate Week of May 11-15
