In a tough housing market, is it better to rent than buy?

About four in five people in the United States believe owning a home is a benchmark of achieving the “American dream,” according to Bankrate’s recent Home Affordability report. But is it the right move in a difficult housing market? The median price of a home in the U.S. is about $420,000. Rates for a 30-year […]

Greg Englesbe

High mortgage rates, home prices leave home buyers in lengthy limbo

Entering 2024, many prospective home buyers were optimistic about the possibility of mortgage rates declining enough for them to broaden their options when house shopping. But entering the typically busy spring market, the Federal Reserve still hasn’t moved to slash the benchmark interest rate that tends to pull down mortgage rates with it. There’s still […]

Is there a magic number for mortgage rates to jolt home sales?

The end of 2023 has brought the first hints of a softening of the housing market that could awaken buyer demand and entice more home owners to list their properties for sale. The average rate for the 30-year fixed mortgage fell again this week to 6.61%, now down more than a full point from 7.79% […]

Economists see 1980’s-style recession in U.S. housing market

The home affordability challenges facing a generation of Millennials are reminiscent of certain circumstances their Baby Boomer parents encountered in the 1980’s, according to some economists observing the current market. With 30-year fixed mortgage rates up around 8% and home prices kept high by tight supply, sales activity has hit a wall during the second […]

Greg Englesbe

As Wall Street hits peak, U.S. home prices show little sign of budging

Signs of slowing inflation sent Wall Street to its highest level in more than a year on Wednesday, boosting Asian stocks along with it as U.S. government data showed promising signs for the economy. The S&P 500 reached its strongest closing level since April 2022, with stocks from Big Tech to utilities rising along with […]