by JHOAdmin | Sep 22, 2022 | News
The housing market has been on fire for the past two years as home prices shot up into the stratosphere. Now the U.S. Federal Reserve is trying to bring them back down to Earth, part of its avowed war against the nation’s runaway inflation. But it’s using a move that...
by JHOAdmin | Sep 22, 2022 | News
There’s no question that rental prices remain near record highs across the nation. But the worst may be over for many shell-shocked tenants who have been hit with significant rental hikes.The median rent in the top 50 metropolitan areas fell for the first time in...
by JHOAdmin | Aug 1, 2022 | News
Mortgage rates fell after rising for two straight weeks, another indication that recession concerns are impacting the U.S. housing market. The average rate on a 30-year fixed-rate mortgage dropped to 5.3%, mortgage-finance giant Freddie Mac said Thursday. That is down...
by JHOAdmin | Aug 1, 2022 | News
After a lifetime of hard work, two-plus years of dealing with COVID-19, and the current uncertain stretch of economic rockiness right around the curve, many older adults are chomping at the bit to exit the 9-to-5 hustle. Pronto. But, for more Americans, the idea of...
by JHOAdmin | Jul 22, 2022 | News
Rents continued their unprecedented surge upward in June—but there are signs that it won’t last forever. The median rent across the 50 largest metros climbed 14.1% year over year, to a median of $1,876, setting the record for highest rent ever tallied by Realtor.com®...
by JHOAdmin | Jul 22, 2022 | News
The 30-year fixed-rate mortgage averaged 5.54% as of July 21, according to data released by Freddie Mac on Thursday. That’s up 3 basis points from the previous week—one basis point is equal to one hundredth of a percentage point, or 1% of 1%. The average rate on the...
