Almost one year ago, Redfin CEO Glenn Kelman spoke with Bloomberg Radio about the state of the US housing market, and said that the ongoing surge in home prices could subside.
The cost of groceries increased nearly 10% year-over-year and 1% since February, driven largely by a rise in prices of meat, poultry, fish, and eggs, according to Consumer Price Index data from the Bureau of Labor Statistics released Tuesday, April 12. The report was released amid the highest documented inflation in more than four decades.
Newsfeed: Grocery items with the greatest price change in March Read More »
Starting March of 2021, the National Association of Realtors (NAR) made Housing Affordability Data available to the St. Louis Fed.
Newsfeed: Housing Affordability Declines Nearly 23 Percent In Less Than a Year Read More »
Federal Reserve Chair Jerome Powell abandoned his “transitory” inflation narrative months ago and has since steered the central bank toward its tried-and-true playbook for taming inflation: Raise interest rates until demand recedes and soaring price growth abates.
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.
Newsfeed: “Extraordinary” – US Consumer Prices Soar At Fastest In Over 40 Years Read More »
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.
Newsfeed: U.S. Inflation Quickens to 8.5%, Ratcheting Up Pressure on Fed Read More »
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.
Newsfeed: The Pandemic-Driven Second-Home Boom Is Coming to an End Read More »
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.
Newsfeed: Cracks Appear In Housing Market As Sellers Begin To Lower Asking Prices Read More »