Published by CNBC | March 23, 2022 The 30-year fixed mortgage loosely follows the yield on the 10-year U.S. Treasury, which is now at the highest level since May 2019. The average rate on the popular 30-year fixed mortgage hit 4.72% on Tuesday, moving 26 basis points higher since just Friday, according to Mortgage News Daily. …
Published by Fox Business | March 17, 2022 Odds of a U.S. recession have increased to 20% to 35% because of the Ukraine war, economists say Goldman Sachs economists warned the probability of the U.S. economy plunging into a recession in the next year has risen dramatically in the wake of the Russia-Ukraine war. The economists, led by Jan …
Goldman Says Ukraine-Russia War Could Trigger U.S. Economic Recession Read More »
Published by FOX Business | March 8, 2022 A mass exodus is driving people from expensive cities and it’s causing people in other places to become priced-out. Rent and home prices have seen major increases over the past year and in some places, they’ve hit record highs. The rising cost of living has caused people in …
Rental and Home Prices Expected to Rise Even More This Year Read More »
Published by CNBC | March 2, 2022 While mortgage rates rose to the highest level in two years last week, they have since fallen quite sharply due to the war in Ukraine. Mortgage demand stalled last week, as interest rates hit a multi-year high, but that will likely change quickly. Rates are now falling fast …
Weak Mortgage Demand Could Get a Big Boost Amid Ukraine Crisis Read More »
Published by CNBC | March 4, 2022 While many homeowners are on their way toward financial recovery after the worst days of the pandemic, the need for help continues. Most of the pandemic-era forbearance options for struggling homeowners have come to an end, but a pot of money allocated by Congress is still available for those who need …
Struggling Homeowners Can Get Between $15k and $80k From Pot of Federal Money Read More »
Published by REALTOR Magazine | February 25, 2022 Economists are warning that the U.S. housing market should brace for some possible changes in consumer behavior. Russian airstrikes battered Ukrainian cities this week, and the conflict is being felt around the globe. Financial markets worldwide likely will feel the impact from the Russian invasion of Ukraine, …
How Russia-Ukraine War Could Affect U.S. Housing, Economy Read More »
Published by FOX Business | February 17, 2022 Lumber prices over the past year added over $18,600 to the average price of a new single-family home Like many consumers, U.S. homebuilders are feeling an inflation pinch as the industry stares down rising costs and ongoing supply chain delays. “The No. 1 problem right now is increased …
Housing Inflation, Supply Chain Create Builders’ Perfect Storm Read More »
Published by FOX Business | January 31, 2022 Art Laffer argues that inflation is ‘not under control yet’ and that ‘the Fed is doing everything wrong.’ Former Reagan economist Art Laffer issued a dire warning for the U.S. economy, arguing on Monday that it is “tipping into a slowdown” and that a recession in 2023 is …
Former Reagan Economist Issues Dire Warning on Inflation Read More »
Published by Breitbart News | January 27, 2022 The downturn largely reflects an extremely low supply of homes for sale. Pending home sales defied predictions of a rebound at year-end, falling by 3.9 percent compared with a downwardly revised November estimate, data from the National Association of Realtors showed Thursday. Compared with a year ago, …
Published by FOX Business | January 7, 2022 Inflation is back, at least for now, and that matters for your taxes. In November, inflation rose 6.8% from a year earlier, nearly a four-decade high as measured by the Labor Department’s consumer price index. For new cars (up 11%) and fast-food restaurants (up 7.9%), the jump in …
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