In the United States, housing represents one of the most significant expenses for consumers. However, for many, the dream of homeownership is hindered not only by high rents and soaring home prices, but also by the lack of access to affordable credit. According to a 2022 fact sheet from the Office of the Comptroller of
Real Estate
The recent drop in mortgage rates to the lowest level since March has led to a significant increase in demand for refinancing. According to the Mortgage Bankers Association, applications to refinance a home loan jumped 15% last week compared to the previous week, reaching the highest level since August 2022. This surge in demand is
Delaware offers housing affordability that is about average, but what sets it apart is the remarkably low property taxes that homeowners have to pay. The effective tax rate is less than half a percent, making it the fourth-lowest in the country. This factor alone contributes to Delaware’s ranking as the 10th state in terms of
Recent reports indicate that inflation is gradually decreasing, prompting the Federal Reserve to consider implementing interest rate cuts as early as this fall. The Labor Department’s announcement that the consumer price index fell in June for the first time in over four years has signified a potential opportunity for the Fed to start reducing interest
The housing market has been fluctuating significantly in recent years, with surging mortgage rates and high housing prices making it difficult for consumers to make purchasing decisions. The low supply of housing has also contributed to the competitiveness of the market, leading to a decrease in affordability for many individuals. This article will delve into
China’s real estate issues have been widely discussed, but as the upcoming Third Plenum approaches, analysts are predicting a shift in focus towards other critical areas such as high levels of local government debt and the promotion of advanced manufacturing. This policy meeting, a significant event in the Communist Party’s calendar, is expected to address
When considering purchasing a fixer-upper home, Gen Zers need to be aware of the financial and structural challenges that come with it. While the initial cost of a fixer-upper may be lower than that of a move-in ready home, the long-term expenses of renovation and repairs can add up significantly. Many first-time buyers underestimate the
The persistence of housing inflation at elevated levels in the U.S. economy has been a cause for concern, even as overall inflation has shown signs of cooling in recent times. Economists have pointed out that the slow decline in housing inflation is a key factor holding back the consumer price index from reaching the target
In recent months, inflation rates have shown signs of easing, providing some relief for consumers. The consumer price index, a key measurement of inflation, rose 3% in June compared to the previous year, a slight decrease from the 3.3% recorded in May. This decline in inflation can be attributed to various factors, including lower gasoline
The high cost of living has left many young adults, particularly Gen Zers, in a difficult financial situation. According to a report from Bank of America, nearly half of Gen Zers between the ages of 18 and 27 rely on financial assistance from their families. This dependence on parental support highlights the challenges that many