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Fed policymakers call for further rate hikes to beat inflation
Source: Reuters --- Jan 18 (Reuters) - Federal Reserve policymakers on Wednesday signaled they will push on with more interest rate hikes, with several supporting a top policy rate of at least 5% even as inflation shows signs of having peaked and economic activity is...
California voters approve new measures to combat housing shortage locally
Source: firsttuesday Journal --- When it comes to California’s housing crisis, residents are saying enough is enough. Last November, Californians voted on transformative housing measures in their cities amid a long-simmering statewide shortage. The 2022 midterm...
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Estimated 168,000 households priced out of Portland area real estate market in just 6 months
Source: Oregon Live --- Prospective homebuyers are rapidly being pushed out of the housing markets, largely by mortgage interest rates that have doubled in the past six months. Numbers published Tuesday by the Oregon Office of Economic Analysis showed that surging...
It looks a lot like a housing bubble. How your local housing market compares to 2007, as told by 4 interactive charts
Source: Fortune --- Never again. That was the sentiment held among legislators as they rallied to pass the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2010. The goal was to outlaw the subprime mortgages that fueled the ’00s housing bubble—which saw...
Homebuyers on a $2,500 Monthly Budget Have Lost $118,000 in Spending Power This Year Amid Surge in Mortgage Rates
Source: Redfin --- A homebuyer on a $2,500 monthly budget has lost nearly $120,000 in spending power since the end of last year as mortgage rates have nearly doubled. That buyer can afford a $399,750 home at today’s mortgage rate of roughly 6%. That’s a staggering...
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