Pending Home Sales Increased 2.5% in December
NAR released a summary of pending home sales data showing that December’s pending home sales …
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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 …
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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 …
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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 …
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What is recession
A recession is a macroeconomic term that refers to a significant decline in general economic activity in …
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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 …
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U.S. Dollar Vs. Commodities: Correlation Confusion
The US Dollar Index notched a very strong April amid turmoil in Europe and Asia
…
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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Lumber prices on the rise again
Source: National Assn. of HomebuildersLumber prices are climbing once again, adding thousands of dollars to …
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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 …
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U.S. mortgage interest rates top 4%
(Reuters) – The interest rate on the most popular U.S. home loan surged by the …
Read MoreFed ready to raise rates, shrink balance sheet soon
Federal Reserve officials outlined plans for interest rate hikes and a reduction in the asset …
Read MoreInflation surges 7.5% on an annual basis
The consumer price index for all items rose 0.6% in January, driving up annual inflation …
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