Apr 7, 2022 | Economy, Latest News
Purchase mortgage rates have risen faster in the last three months than at any time since May 1994, climbing ever closer to the 5% mark due to a combination of rising inflation, the war in Ukraine, and disruptions to the supply chain. And bad news for homebuyers:...
Apr 6, 2022 | Economy, Latest News
Nearly 65% of homeowners planning to sell this year expect to list by the end of summer, which should provide a much-needed influx of inventory that should slow the explosive home price growth seen during the pandemic, according to a Realtor.com survey of prospective...
Apr 6, 2022 | Economy, Latest News
Survey: 44% of Gen Z (18-25) and 35% of millennials (26-41) say they’ll sell their starter home this year. Many have lots of equity and a fear of rising mortgage rates. Millennials and their younger Gen Z cohorts are showing an increased interest in moving. Many of...
Apr 1, 2022 | Economy, Latest News
Today, the Bureau of Labor Statistics reported that the United States Of America created 431,000 jobs in March. We also had 95,000 positive revisions, and although this was a slight miss of estimates, it continues the solid trend of good job reports in 2022. On...
Apr 12, 2021 | Economy, Latest News
JPMorgan Chase CEO Jamie Dimon said the U.S. economy is headed for a boom that could run well into 2023. In his annual letter to shareholders Wednesday, Dimon said robust consumer savings, a successful vaccine rollout and the Biden administration’s proposed $2...
Apr 9, 2021 | Economy, Latest News
At the national level, housing affordability declined in February compared to a year ago according to NAR’s Housing Affordability Index. Affordability declined in February compared to January as the median family income rose by 3.5% while the monthly mortgage...
