RENTAL MARKET IS SHOWING SIGNS OF STRESS BORN OUT OF THE PANDEMIC
The pandemic, while now in the rearview mirror, left a significant impact on the rental market that is just now beginning to surface, according to Elliot Adler Real Estate Development. It’s creating both challenges and opportunities for renters and property managers alike. Before the pandemic, the...
Fed Raises Rates but Nods to Greater Uncertainty After Banking Stress
Officials voted unanimously to increase their benchmark short-term rate by a quarter percentage point The Federal Reserve approved another quarter-percentage-point interest-rate increase but signaled that banking-system turmoil might end its rate-rise campaign sooner than seemed likely two weeks a...
Federal Reserve keeps up inflation fight, betting bank crisis is over
The central bank pushed its benchmark interest rate up by 0.25 percentage points while it gauges how much the economy is slowing The Federal Reserve is sticking with its fight against inflation, confident that a massive government intervention to stabilize the banking system has averted a crisis. Th...
US Home Resales Jump by Most Since 2020, Ending Year-Long Slide
February contract closings surged 14.5% to 4.58 million rate Annual decline in median sales price was first since 2012 US sales of previously owned homes rose in February by the most since mid-2020, snapping a record year-long slide tied to rising interest rates and affordability constraints. Contra...
Mortgage rate trends: Silicon Valley Bank’s sudden collapse sends rates ‘reeling’ and one expert says borrowers can capitalize on the current volatility — here’s how much you could save
Homes are finally becoming more affordable for the average American again. Following five weeks of upward momentum, mortgage rates unexpectedly pulled back this week, which could pull potential buyers back into the market. “Last week was a whirlwind of economic indicators and unforeseen events t...