Two years into the pandemic, the housing market remains on fire and shows few signs of receding. What was initially fueled by buyers' need for more space and a low interest rate environment has proven to have staying power. Now, with inflation hitting 7.9%, a 40-year high, in February, the Federal ... READ MORE >
housing market
Chart of the day: Home affordability continues to drop
U.S. housing was less affordable in the third quarter than in the previous quarter, with the composite homebuyer index dropping from 151.9 to 150.8, and the first-time buyer index dropping from 100.1 to 99.2, according to data released this week by the National Association of Realtors. A value of 100 ... READ MORE >