Fed Raises Interest Rates by 75 Points
For the third time in a row, the Federal Reserve’s Federal Open Market Committee (FOMC) raised the nominal interest rate by 75-basis points at the conclusion of their scheduled two-day… Read more »
Author Archives: Rod Patershuk
Raise the Roof: Housing Starts Spike in Surprising Reversal
Housing starts, which have been falling for most of this year, surprised many observers by rising significantly in August—though low building permit numbers are foreshadowing more rough times ahead. Up… Read more »
Opinion: Stop subsidizing Wall Street buying up homes
No serious observer of today’s economy doubts that it is harder and harder for everyday folks to buy a home. This is especially true for first-time homebuyers across the country,… Read more »
High Housing Costs Unlikely to Moderate
As national population growth sits at a record low, domestic migration was the key component of population change on state and local levels in 2021, according to demographic findings of… Read more »
Homes for Sale Spending More Time on Market
Realtor.com’s latest housing data release for August reveals that listing prices decelerated for the third month in a row, as more sellers hit pause on listing homes and homes for… Read more »
Student Loan Forbearance Extended Until January 2023
Federal student loan borrowers who still have remaining balances are getting one final extension — this time until January 2023. The latest reprieve — it’s the seventh extension, for those… Read more »
The Average Home Cost Has Surpassed $400k For First Time
Despite market influences that are pushing up mortgage rates and slumping home sales numbers during the second quarter of 2022, most metropolitan areas still saw double-digit annual price gains compared… Read more »
Delinquencies, Starts Rose In June But Stayed Below Pre-pandemic Levels
Mortgage delinquencies and foreclosure starts increased in June but ultimately stayed below pre-pandemic levels, according to Black Knight’s First Look at June 2022 data. The national delinquency rate rose by… Read more »
Generation Gap: How Americans’ Preferred Housing Styles Vary by Age
As homebuyers continue their house hunt, finding a home that’s perfect is not just about the right timing and price —it’s also about finding the right style. HomeAdvisor conducted recent… Read more »
More Homebuyers Taking up ARMs
First American Financial Corporation, a provider of title, settlement and risk solutions for real estate transactions, has released the May 2022 First American Real House Price Index (RHPI). The RHPI… Read more »