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 […]
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 […]
Just as the coronavirus pandemic helped support some of the economic conditions for a surging U.S. real estate market, new global events have the ability to significantly alter the outlook of the housing market. With the Fed beginning to raise U.S. interest rates more aggressively in response to inflation and Russia’s invasion of Ukraine, the […]
Rising home prices in the United States are giving buyers sticker shock virtually everywhere they look. Such is the reality of a real estate market that has continued to rocket to new heights at a dizzying pace over the last two years. If you really want a sense of how wild some of the price […]
The experience of home buyers during the red-hot real estate market of the COVID-19 pandemic has been a punch in the gut, to say the least. Many young first-time home buyers, Millennials who were given few options to choose from, now have misgivings about certain aspects of the properties they purchased under frantic circumstances. Zillow’s […]
