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The rapid spike in mortgage rates since 2022, accompanied by the Federal Reserve’s determined fight against inflation and constant aggressive interest rate hikes, has cooled the U.S. real estate market significantly, leading to falling sales and pressured home prices. According to a report last week by Redfin, one of the largest U.S. real estate platforms,
Mortgage rates have been skyrocketing! Mortgage interest rates (30yr fixed) have recently surged to the highest levels seen since early November 2022. This is likely to decrease home buyer demand further as long as rates stay elevated. For example, for a homebuyer looking to purchase a $450,000 home with 5% down payment, it would cost
Black Americans represent less than 5% of residential real estate developers, largely because they can’t get equal access to capital, according to a recent report by the Urban Land Institute. Institutional capital – real estate investment trusts and private equity in particular – are the dominant players. Black developers often don’t have exposure to those
If HBO’s “The Last of Us” has you worried that a pandemic-related zombie apocalypse feels a bit too real, here’s a listing that seems fit to withstand that level of dystopia. A massive 323-acre compound in Michigan is now available for sale for $6 million, The Post has learned. Replete with a 13,500-square-foot mansion, two
The average rate on the 30-year fixed mortgage jumped back over 7% on Thursday, rising to 7.1%, according to Mortgage News Daily. Growing fears that inflation is not cooling off are pushing bond yields higher. Mortgage rates loosely follow the yield on the U.S. 10-year Treasury. “Rates continue to move at the suggestion of economic
A new Bankrate ranking found the Austin, Texas, metro area is the best for first-time home purchasers. Roschetzkyistockphoto | Istock | Getty Images Prospective buyers looking to secure the purchase of their first home this spring will still face a difficult market. Yet there are signs some areas of the country may provide more opportunity
To power the country with solar, you would need to cover 75% of the US with batteries!
Every time I come across information on the housing market that is just flat out wrong, I have to prove it, so people know whats really going on and don’t make a big mistake with their future home purchase or sale. The most recent housing market lie is that the market is in “recovery” when
My Twitter Tweets by LorenzoBatarilo Michael Cox VLAD TV Interview Las Vegas Case-Shiller Index https://fred.stlouisfed.org/series/LVXRNSA After five straight months of price decline, the lowest mortgage application reading of the 21st century, and the fastest mortgage rate increase in modern American history, the US housing market is collapsing before our eyes. For years now the house
Hundreds of anti-Netanyahu protesters gathered on Wednesday outside a hair salon after the prime minister’s wife, Sara, was spotted at a hair salon nearby. Picture Alliance | Picture Alliance | Getty Images New concerns about Israel’s economy are leading global investors to question the money they have in the country. Massive protests have intensified in
Russian president Vladimir Putin is living with his girlfriend, gymnast Alina Kabaeva, and their children in a luxury palace, according to a new investigation. The report by Proekt — an independent Russian media group — and obtained by the Daily Mail, reveals inside the home for the first time. The Post could not independently confirm this report.