Shelter Costs Drive Inflation Higher Than Expected in January
January Consumer Price Index data show inflation increased more than anticipated as shelter costs continue to rise despite Federal Reserve policy tightening
Weighing the Effects of the Fed's and Treasury's Latest Announcements
The upshot of the Jan. 31 announcements is that while mortgage rates will stay higher for longer, they're likely to hold steady
NAHB CEO Tobin Says 'Housing Renaissance' on the Horizon
Responding to positive housing-related data such as falling mortgage rates and increased homebuyer activity, NAHB's CEO Jim Tobin is optimistic
Are Fed Rate Hikes a Thing of the Past?
The Federal Reserve held rates steady again in December and forecasts three rate cuts in 2024
What's in Store for the National Housing Market in 2024
According to the 2024 National Housing Market Outlook report released on Wednesday by Bright MLS, affordability will remain the biggest challenge
October Saw New-Home Sales Fall More Than Expected
Despite being buoyed by a persistent shortage of previously owned properties on the market, high mortgage rates and reduced affordability saw sales of new U.S. single-family homes fall during October
Until World War II, Renting Was The Norm For Most Americans
The homeownership rate in the U.S. is around 64 percent, the lowest since the early 1960s. But, both now and back then, the rate is much…
Construction Worker Shortage Pushes up Wages and Home Prices
Homes in Denver now take two months longer to build due to the slim workforce
How Much People Need To Earn To Be Considered Middle Class, By State
The middle class keeps shrinking, but the range of income needed to be considered as part of the group is pretty wide.
…Fed Should Consider Slowing Economy Before Raising Rates Again
The Federal Reserve has plans to increase interest rates at least three times this year, but that might not be the best course of action…
Rental Market Experiences Tough First Quarter
Rent prices have flattened and occupancy rates dipped as supply increased
Pending Home Sales Increase In Advance Of Possible Rate Hikes
According to the National Association of Realtors, pending home sales went up 5.5 percent in February, the most since April 2010, and 3…
How Benchmark Interest Rate Changes Affect Mortgage Rates
The Federal Reserve raised key short-term interest rates in mid-March. Surprisingly, mortgage rates responded by falling 10 basis points…
Economics
Federal Reserve May Raise Rates Two More Times This Year
The economy is close to achieving full employment, which may trigger a few interest rate hikes.
BloombergMarkets…
Status Quo Remains For March’s Hottest Housing Markets
Vallejo, San Francisco, and Dallas are still atop the rankings, but other markets such as Santa Cruz, Calif., and Grand Rapids, Mich., moved up several spots
S&P/Case-Shiller 20-City Index Increases 5.7 Percent
House prices, especially in the western part of the country, are as high as ever.
According to MarketWatch…
