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U.S. New Home Sales Dive 27 Percent Year-Over-Year in April
Source: World Property Journal --- According to the National Association of Home Builders, in a further sign of a housing slowdown, new home sales posted a double-digit percentage decline in April 2022, falling to their weakest pace in two years, as rising mortgage...
‘Lunchflation’ is real. Returning to the office is costing us a fortune
Source: CNN --- Millions of employees started working remotely after the pandemic first took hold in 2020. But now, more people are returning to the office -- and they're being greeted by much higher prices for just about everything. Food. Commuting. Daycare....
Why Utah housing market is ‘very low risk’ for price drops — while other parts of the West are ‘high risk’
Source: Deseret --- As rising mortgage rates continue to put pressure on the U.S. housing market and the entire economy, economists and housing researchers are seeing early signs of a cooling market — but a question remains. Is a widespread correction coming to what...
Here’s why major cities may still be worth their high cost of living
Source: CNBC --- Many renters believe that a cost-of-living crisis is brewing in America’s major cities. New York City is showing up as a hotspot of rent inflation. The average rent for 1-bedroom apartments in Manhattan rose to $3,995 a month in May 2022 — a 41%...
That vacation rental listing could be a scam. These are the warning signs to look out for
Source: CNBC --- Before you book a rental property for a summer getaway, you may want to double check that you’re not getting scammed. This week, New York State Attorney General Letitia James issued a warning for consumers seeking rental properties. “Summer plans...
Mortgage apps decline 1.2% despite drop in rates
Source: Housing Wire --- Despite a decline in mortgage rates last week, mortgage application volume was down 1.2% on a seasonally adjusted basis for the week ending May 20. The decline, as measured by the Mortgage Bankers Association’s (MBA’s) Market Composite Index,...
