The National Association of Home Builders (NAHB)/Wells Fargo housing market index (HMI) was 55 for the month of June. That was the highest number so far this year and the first time that number went above 50 since July 2022.…
With the Federal Reserve announcing more rate hikes next month, that may mean that mortgage rates — after enjoying low rates the past few weeks — will go back up next month. On June 21, Jerome Powell, the chairman of…
Jerome Powell, chairman of the Federal Reserve, issued comments that suggest that a string of interest rate hikes intended to curtail high inflation may be coming to an end. As a result, mortgage interest rates fell slightly, and demand for new…
The housing market has seen additional turmoil as the First Republic Bank shut down, leading some to worry about the stability of financial institutions. This is the fourth major bank to fail since March, joining Silicon Valley Bank, Signature Bank, and…
Across most of New York, real estate prices are substantially higher than they were at the same time last year, with rental prices being especially high. However, there is one place where rental prices have begun to fall: the Hamptons. This odd…
The real estate market has seen some difficulties, due to an additional quarter-point increase in interest rates by the Federal Reserve. However, some comments by the Chairman of the Fed, Jerome Powell, have hinted that further rate hikes may be…