Recent News

Pending Home Sales Increased 2.5% in December

NAR released a summary of pending home sales data showing that December’s pending home sales …
Read More

Mortgage loan limits in 2023

Conforming loan limits for 2023. Property Type Low Cost Limit High Cost Limit Single Family $726,200 $1,089,300 Two Units $929,950 $1,394,775 Three Units $1,123,900 $1,685,850 Four Units $1,396,800 $2,095,200 …
Read More

S&P 500 confirms bear market as recession worry grows

NEW YORK (Reuters) – U.S. equities tumbled on Monday, with the S&P 500 confirming it is in …
Read More
new home

Sales of newly built homes tumbled over 16% in April while prices soared

Sales of newly built homes sank to the slowest rate since the start of the …
Read More

What is recession

A recession is a macroeconomic term that refers to a significant decline in general economic activity in …
Read More

Elon Musk Makes $43 Billion Unsolicited Bid to Take Twitter Private

World’s richest person will offer $54.20 per share in cash Tesla executive is one of …
Read More

U.S. Dollar Vs. Commodities: Correlation Confusion

The US Dollar Index notched a very strong April amid turmoil in Europe and Asia …
Read More

Fed Governor Waller says half-point rate hikes could be needed as ‘inflation is raging’

Fed Governor Christopher Waller told CNBC that the central bank may need to enact one …
Read More

The average mortgage holder has a record $185,000 in equity.

Rising home prices mean today’s mortgage holders also have record levels of equity. With interest …
Read More

Fed Chair Powell notes ‘highly uncertain’ Ukraine impact, but says rate hikes are still coming

Fed Chairman Jerome Powell said Wednesday he still sees interest rate hikes ahead though he …
Read More
home for sale

Mortgage rates plunge just as home prices set another record.

The average rate on the popular 30-year fixed mortgage had risen close to a full …
Read More

Economic sanctions cripple Russian economy as ruble plunges, interest rates soar

Economic sanctions levied by the U.S. and allies have sent everyday Russians flocking to ATMs …
Read More

Stocks slide, oil jumps as Russia orders troops to Ukraine regions

SINGAPORE (Reuters) – Oil jumped to a seven-year high, safe-havens rallied and U.S. stock futures …
Read More

Lumber prices on the rise again

Source: National Assn. of HomebuildersLumber prices are climbing once again, adding thousands of dollars to …
Read More

California lays out plan to live with Covid for the long-term.

California’s plan aims to pick up rising viral transmission early and rapidly sequence new variants …
Read More

U.S. mortgage interest rates top 4%

(Reuters) – The interest rate on the most popular U.S. home loan surged by the …
Read More

Fed ready to raise rates, shrink balance sheet soon

Federal Reserve officials outlined plans for interest rate hikes and a reduction in the asset …
Read More

Inflation surges 7.5% on an annual basis

The consumer price index for all items rose 0.6% in January, driving up annual inflation …
Read More