The U.S. housing market slowdown in 2022 may be chipping away at some of the trends that took hold during the first two years of the pandemic. That could be good news for renters in Florida, who have seen the cost of apartments skyrocket due to migrating remote workers who wanted to set up shop […]
While many industries underwent uncertainty and disruption in response to the COVID-19 pandemic, residential real estate became a magnet for people hoping to change their fortunes over the past few years. It’s not hard to understand why working as a real estate agent became so appealing. The housing market took off in 2020, buoyed by […]
It’s tempting to look at the U.S. housing market in 2022 and gasp at the turn of events this year, compared to the frenzy of the previous two. The 30-year-fixed mortgage rate has gone up from about 3% in January to about 5.8% at the end of June, part of broader strategy by the Federal […]
The Federal Reserve last week logged its biggest increase in the nation’s benchmark interest rate since 1994, bumping it 75 basis points to a range of 1.5%-1.75% to combat inflation. A housing market that had been on fire during 2020-2021 now looks significantly different — and more daunting — to prospective home buyers on the […]
Housing appears to be on its way to becoming more affordable, but that’s cold comfort for people who want to buy a home now.
The rise in mortgage rates resulting from the Federal Reserve’s effort to slow the economy and inflation by raising interest rates is cooling the housing market, causing the inventory of homes for sale to grow and home prices to drop in many areas. At the same time, however, inventory is still low enough and prices […]
For months, economic signs and pressures have pointed to a cooldown in the U.S. housing market in response to climbing mortgage rates. Two years of the pandemic brought soaring home prices, surging buyer demand and limited housing inventory — a Goldilocks zone for home sellers — but the party looks to be coming to an […]
Florida’s real estate market traditionally has been understood as a mixture of hospitality-oriented properties and second homes used for vacations and rentals. There’s certainly truth to this, but the Sunshine State has increasingly become a primary place of residence for people and businesses. The state’s population increased by 211,000 people from July 2020 to July […]
The human toll of the opioid epidemic in the United States is sometimes a silent struggle next to the impact of a public health crisis on the scale of COVID-19. Between the uncomfortable stigma of drug abuse and the weight of the grief that families must carry, it’s more critical than ever to give voice […]
After more than two years of record home prices in the U.S., the Fed has wasted little time this year in hiking interest rates. The 30-year fixed rate mortgage, now at 5.11%, is up from just over 3% at the start of the year as policymakers look to corral an economy that has seen sharp […]
There is no adequate preparation for a family to confront the devastation that comes with a pediatric cancer diagnosis. To learn that a young loved one will need to undergo cancer treatment is a heartbreaking discovery, one that requires immense resources for everyone involved to summon up the courage to face the unknown. Supporting families […]
- As ‘COVID Refugees’ leave Florida, renters could start to see price relief
- Real estate became a hot career choice during the pandemic, but will it continue?
- With home inventory climbing, is the U.S. housing market in a deceptive recovery?
- Fed’s latest rate hike puts more home buyers on shaky ground
- Housing appears to be on its way to becoming more affordable, but that’s cold comfort for people who want to buy a home now.
Gregory Englesbe is an Investment Banker and business leader living in Cherry Hill, New Jersey.
An experienced mortgage professional, Greg has secured more than $500 billion in sales throughout his 30 years in the residential mortgage business.