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The Latest Inflation Numbers Are Good News for Mortgage Rates
Source: Money --- Hope for relief from rapidly rising mortgage rates was revived this week when October inflation numbers came in lower than expected. Consumer prices continued to increase last month but at a slower pace than at any other point this year. The latest...
It’s a terrible time to buy a house. Here’s what to know if you have to do it anyway
Source: CNN Business --- There is no sugarcoating it: This is a terrible time to buy a home. Mortgage rates for a 30-year fixed rate loan are now hovering above 7%, more than 4 percentage points higher than a year ago. That has slashed a typical buyer’s purchasing...
Additional Reading: Top Real Estate Industry News & Headlines
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Inflation causing increased ‘concern’ for homebuilders: NAHB CEO
Source: Fox Business --- National Association of Home Builders CEO Jerry Howard said on Tuesday that he is "very concerned" over the new data showing a steep drop in new construction and warned that inflation is causing increased "concern" for the industry. Howard...
The housing market resembles 2007—these 3 interactives show if your local home prices are ‘overvalued’
Source: Fortune --- Simple economics dictates that neither home prices nor incomes can outgrow the other for very long. They go hand in hand. As incomes rise, those pour over into housing. In order for home price growth to stick around, there has to be a corresponding...
President Biden Plans To Bring Down Housing Costs, but Will He Be Successful?
Source: Realtor.com --- President Joe Biden has a new plan to fix the severe housing shortage that is plaguing America, leading to record-high home and rental prices. The fate of the nation’s housing market hangs in the balance. The administration’s Housing Supply...
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