Buying a home is integral to the “American Dream,” but it is increasingly out of reach for many hard-working adults. The property market has been highly competitive over the last year because housing supply has shrunk dramatically. Now, many adults have given up on owning a home and expect they’ll rent for the rest of their lives. While most … Read more
Over the last few months, housing market investors and home buyers have faced historically high inflation, which has triggered the Fed to increase interest rates. This hawkish strategy attempts to make mortgages more expensive, thereby cooling borrowing, a key driver of inflation. Compounding the housing market woes is the economy which, like other major economies, … Read more
Unless you plan on purchasing real estate with an all-cash offer, you’ll likely be taking out a mortgage loan. It’s never a bad idea to be aware of mortgage rates, which can be ever-changing due to various factors—inflation, economic growth, Federal Reserve policies, the bond market, and relevant housing market conditions, among them. Extra Space … Read more
Roughly half of all Americans agree a lack of affordable housing in their city is a major problem, according to a 2021 Pew Research Center survey. Pew also found a proportion of Americans concerned about dwindling housing affordability has grown in recent years—and for good reason. Knowing this, Stacker analyzed U.S Census Bureau data to find where … Read more
