In a startling turn of events, mortgage rates in the United States have skyrocketed back to a staggering 7%. With this significant surge, the dream of homeownership is becoming increasingly unattainable for many Americans, as the cost of purchasing a house now reaches nearly $2,700 per month. This includes mortgage payments, taxes, insurance, and maintenance…
The US housing market has been a leading indicator of the economy for years. Recent data suggests a decline in demand, which may signal economic trouble ahead. Rising inequality and a lack of affordable housing are also pressing issues. While the single-family rental industry may have emerged from the 2008 financial crisis, lawmakers are now…
The Federal Reserve’s latest meeting of the Federal Open Market Committee (FOMC) was held on February 23rd, 2023. The main topic of discussion was whether or not to raise interest rates by 25 basis points, with almost all participants agreeing that it would be appropriate to do so. While participants noted that inflation had eased…
Housing Market Trends in Boston show that Boston housing market is facing some significant challenges, but there are early signs of a potential recovery. The shortage of homes for sale and rising prices have made it increasingly difficult for buyers to enter the market, but the importance of shelter in driving CPI-housing growth is a…
The global economic outlook in 2023 is a mixed bag, with some countries and regions facing significant challenges while others are poised for growth and stability. Factors such as energy prices, geopolitical risks, domestic policies, and global trade dynamics will continue to shape economic trends and prospects in the years ahead. The economic landscape in…