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Real estate

Rising interest rates and soaring home prices put mortgage payments out of reach for many

by Mitchell Hartman
May 26, 2022
The median payment on a new mortgage increased almost 9% from March to April.
Pending home sales declined by 3.9% in April, the sixth consecutive monthly drop.
Scott Olson/Getty Images
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There are signs that the red-hot housing market may be cooling down

by Samantha Fields
May 18, 2022
Yes, mortgage rates are high. But demand is starting fall because of that, and prices aren't rising as fast as they have been, experts say.
Though home prices are still rising, they're not rising as fast as they have been, according to Redfin.
Justin Sullivan/Getty Imags
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Condo prices won't ease as city life makes a comeback

by Matt Levin
May 17, 2022
City life is making a comeback and there aren't enough condos out there
Demand for residential construction projects has slowed while commercial projects have largely remained steady, says Maurice Rahming, President of the O'Neill Construction Group.
Eduardo Munoz Alvarez via Getty Images
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The mortgage business has "come to a screeching halt"

by Kai Ryssdal and Andie Corban
Apr 26, 2022
Vivian Gueler of Pacific Trust Group said rising rates are slowing the housing market, but it could be months before prices fall.
"The market was just too crazy," said mortgage broker Vivian Gueler. "The low rates drove up too much business, too much demand — and the prices, ultimately."
Justin Sullivan/Getty Images
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Economic Pulse

Closing costs: Is there a solution to the shortage of homes?

by David Brancaccio , Jarrett Dang and Meredith Garretson
Apr 26, 2022
The rapid rise in home prices has provided a windfall for homeowners, but rising interest rates make home-buying increasingly out of reach for renters.
"We absolutely need to be looking under every stone for places that we can add housing ... to allow for greater density," said Chris Herbert, managing director of the Joint Center for Housing Studies of Harvard University.
Scott Olson/Getty Images
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Blackstone bets $7.6 billion that office parks have a bright future

by Andy Uhler
Apr 26, 2022
For some businesses, work from home just isn't a thing.
Richard Baker/In Pictures via Getty Images
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From chocolate to real estate, small businesses are trying to create inflation game plans

by Sean McHenry
Apr 12, 2022
Raise prices? Order more inventory, or less? Business owners describe how they're dealing with dramatic changes in market conditions.
Justin Sullivan/Getty Images
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Adventures in Housing

“We have to do whatever it takes to get this house”

by Maria Hollenhorst
Apr 11, 2022
A story about falling in love with a fixer-upper log cabin in Ohio.
Matt Davison, Shay's husband, works on the wooden house they eventually purchased in 2019.
Courtesy Shay Davison
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The Fed's interest rate hike is already reducing demand for mortgages

by Justin Ho
Apr 7, 2022
Getting demand to soften is the point because that's expected to help tame inflation.
Applications for home mortgages and loan refinancings are slowing down. Will inflation follow the trend?
Justin Sullivan/Getty Images
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The staying power of Case-Shiller, a marquee housing metric

by Amy Scott and Maria Hollenhorst
Apr 6, 2022
It’s not the most timely home price indicator, but it does have advantages, including mapping prices over long periods.
Homes line a Southern California street in 2003. An approach for tracking house prices developed by economists Karl Case and Robert Shiller in the 1980s remains an important market indicator today.
David McNew/Getty Images
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