Remote Work Fueled Half of U.S. Home-Price Spike During the Pandemic, Economists Say
The evolution of remote work will play a role in determining future home-price growth, according to a report from NBER.
May 19, 2022 2 MIN
Americans Are Equity Rich After Fed’s Pandemic Bond-Buying Pumped Up Home Prices
Almost half of all mortgaged U.S. homes are “equity rich” after a record gain in home prices, according to a report from AATOM Data Solutions.
May 16, 2022 2 MIN
Mortgage Rates Hit Highest Level Since 2009 on Federal Reserve Tightening
Mortgage interest rates in the U.S. this week reached the highest level in almost 13 years as the Federal Reserve fought inflation by tightening monetary policy.
May 12, 2022 2 MIN
Consumer Sentiment Toward Housing Falls to 2-Year Low, Fannie Mae Says
Consumer confidence in the housing market dropped to the lowest level since the early months of the Covid-19 pandemic, according to a report on Monday.
May 10, 2022 2 MIN
U.S. Jobless Rate Unchanged in April as Companies Add 428,000 Workers
The U.S. unemployment rate held steady at 3.6% last month as the gain in payrolls beat economists' expectations.
May 6, 2022 2 MIN
Mortgage Rates Spike to a 13-Year High as Fed Cites Plan to Offload Bonds
The average U.S. rate for a 30-year fixed mortgage rose to the highest level since August 2009, Freddie Mac said in a report.
May 5, 2022 2 MIN
Fed Hikes Rate, Begins Reducing Balance Sheet to Tame Inflation
The Fed increased its benchmark rate by half a percentage point and laid out a plan to reduce its balance sheet to fight inflation.
May 4, 2022 2 MIN
Average Mortgage Payment in 1Q Jumped 30% From a Year Ago, NAR Says
A surge in home prices coupled with a jump in mortgage rates sent affordability for American homebuyers to the lowest level since 2008, according to a report from NAR.
May 3, 2022 2 MIN
