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As the housing market rolls to the end of the summer season the number of active home sellers continues to swell and could eventually turn the home buying tide.
In June the number of for-sale listings rose by 18.7% the second straight month of growth and the fastest pace since July 2017. After two-plus years...
Faced with strong and persistent inflation the Federal Reserve has now raised its baseline interest four times in 2022 - the first such hikes since 2018. All indications are more increases are to come.
The Fed will likely continue aggressively raising rates until inflation is brought under control which is one of its primary missions.
All though...
On July 27 the Federal Reserve issued a 75-basis point hike to the "Fed Funds Rate " its second such increase in as many months and the most aggressive hike since 1994.
The “Fed Funds Rate ” is the baseline interest rate banks charge to borrow from each other. When inflation is high central bank officials...
Rising mortgage rates record home prices and the high cost of building materials are biting the construction industry.
New construction rose to a 16-year high in February before backsliding. Overall single-family permits declined in the first five months of 2022 down 2% from the same period in 2021. At the current rate 1.72 million homes would...
In part because of the Federal Reserve’s recent hikes to baseline interest rates mortgage rates are rising.
Rates on 30-year mortgage products are at their highest since 2009 which was right in the middle of the Great Recession.
Investors who buy mortgage-backed securities have already factored in expectations the Fed will continue to raise rates this month...
Just as homeownership is an essential element of the American Dream owning a second home is a big part of the American fantasy.
Everyone wants to kick up their feet in their own little permanent retreat. Owning a second home is another step on the ladder of success.
Motivated by remote work record-low mortgage rates...
