It’s one of the cornerstones of the American Dream—owning a house. In recent years, it has become increasingly difficult for the average American to afford a home. Despite mortgage rates starting to come down, the reality is that middle-class families in less than half of America can afford an average-priced home in their state. President…
Inflation continues to be a thorn in the economy’s side, and data suggests growing concern from consumers and businesses about the impact of tariffs on the broader economy. On Friday, the PCE Index, which is the Fed’s preferred inflation gauge, was steady at an above-target pace, and the core measure received an uptick. This contrasts…
Pending home sales rose modestly last month, but remained close to January’s record low, in a possible signal of continued weak buying activity this spring. The Pending Home Sales Index (PHSI) grew 2% in February from the prior month after seasonal adjustment, the National Association of Realtors® reported Thursday. However, pending transactions declined 3.6% from…
The stagnant home market is threatening more than just buyers and sellers hoping to transact in the year ahead. It’s also risking their break-even point. Investing in real estate, whether you’re buying a home or an investment property, is generally a safe bet: You’ll make more money than you spend if you keep it long…