U.S. consumer prices rose in March by the most since late 1981, underscoring the painfully high cost of living and reinforcing pressure on the Federal Reserve to raise interest rates even more aggressively.
Tesla Inc. CEO Elon Musk posted in a thread on Twitter (NYSE: TWTR) last month advising followers to own “physical things” when inflation is high.
The National Association of Realtors (NAR) estimates millions of Americans have been priced out of the housing market since January as sky-rocketing mortgage rates spark an affordability crisis.
After last year’s frenzy for vacation homes, buyers are now backing off amid rising mortgage rates and an increase in loan fees for second homes.
Over the last several weeks, readers have become aware of an emerging housing affordability crisis as US mortgage rates continued their near-vertical ascent, risks jeopardizing the housing market boom.
Inflation has turned from transitory to pernicious, with some economists even raising the specter of a 1970s-style wage-price spiral.
Investors are buying more U.S. farmland in search of a hedge against inflation, as the Russian invasion of Ukraine is driving world food prices to record highs.
Wall Street is buzzing over the shift in Federal Reserve policy—the era of loose, rock-bottom interest rates is out. In are a series of rate hikes as the central bank tries to put the clamps on spending and cool off inflation.
Rental prices for single-family homes have skyrocketed to record levels across the U.S., increasing to an average of 7.8 percent in 2021. Apartment rents are up too.
30 Year fixed mortgage rates have jumped 160bp this year, reaching the highest since November 2018, with the latest Freddie Mac data showing an acceleration in mortgage rates which jumped a quarter point in just the past week, from 4.42% to 4.67%.