Home Prices Soar to Record High, Squeezing Affordability
U.S. home prices continued to rise relentlessly in March, as rising interest rates to fight inflation keep home inventory low, making it harder for buyers to purchase their own homes. The S&P CoreLogic Case-Shiller 20-city index rose 7.4% year-over-year in March, accelerating from a 7.3% increase in February. The data released on Tuesday. Compared to […]
Bass Pro Shops’ CEO says brand will focus on affordability amid rising costs
Bass Pro Shops founder and CEO Johnny Morris said despite inflation, the hunting, fishing and outdoor sports brand will continue to focus on affordability heading into boating and fishing season. Inflation has fallen from a peak of 9.1% in June 2022 but remains elevated at 3.4%, above the Fed’s 2% target. “Inflation is happening. It’s […]
How home affordability differs among the red, blue and swing states
Home prices and housing affordability are becoming clearer ahead of the 2024 presidential election. Hot issues in battleground states That will decide the election. While the housing crisis is a problem across the country, analysis shows that Realtor.com® Affordability Score Data shows clear trends separating red states, blue states, and seven key battleground states: Arizona, […]
Kari Lake says illegal immigration adding to housing affordability crisis
EXCLUSIVE — Arizona Republican Senate contender Kari Lake said the explosion of immigration over the past few years has hurt housing affordability. Lake, a former TV news anchor and 2022 GOP gubernatorial candidate, told the Washington Examiner during an interview focused on economic policy that the flood of immigrants into the United States has had […]
Buyers are taking on riskier adjustable rate mortgages as affordability worsens
Madison Ventures+ Managing Director Mitch Rochelle shares his thoughts on rising mortgage rates and rent prices. US homebuyers are turning to riskier home purchases variable rate mortgage High interest rates are making it unaffordable for buyers taking out new fixed-rate mortgages, according to a new report. Mortgage Bankers Association’s composite market index. Loan application The […]
Mortgage rates creep toward 7%, straining homebuyer affordability: Freddie Mac
Homebuyers saw mortgage rates inch upward again this week. (iStock) Mortgage rates have been flat for weeks, but have edged higher this week, approaching 7% for 30-year mortgages, according to Freddie Mac. The average interest rate on a 30-year fixed-rate mortgage for the week ending Feb. 22 was 6.9%, according to Freddie Mac’s latest research. […]
Biden ‘Does Not Have the Normal Strength’ to Campaign, He’s Done Well Despite ‘Affordability Crises’
On Friday’s CNN News Central broadcast, Rep. Adam Smith (D-Wash.), Ranking Member of the House Armed Services Committee, said President Joe Biden has no plans to “go out and campaign. , they don’t have the normal physical strength to hold one meeting after another, or to hold meetings.” Conversation after conversation. ” But despite “still […]
Mortgage rates stagnate, hobbling affordability as spring buying season looms: Freddie Mac
Mortgage rates are not rising fast enough to alleviate affordability issues. (iStock) According to Freddie Mac, mortgage rates are stable in the mid-six range and show little sign of falling. The average interest rate on a 30-year fixed-rate mortgage for the week ending February 8 was 6.64%, according to Freddie Mac’s latest research. Primary mortgage […]
McDonald’s CEO says fast food chain will focus on affordability amid outrage over menu hikes
The fast food chain calls it an “authentic cheeseburger” and it costs 109 baht (Viral Press). McDonald’s CEO acknowledged Monday that the fast-food giant’s sales have fallen due to menu price hikes that went unnoticed by customers. The Chicago-based chain, which has come under heavy criticism for its Big Mac combos that cost nearly $18, […]
McDonald’s CEO promises ‘affordability’ amid backlash over $18 Big Mac combos, $6 hash browns
McDonald’s CEO admits the burger giant’s sales are hurting as menu price hikes drive away key customers, and plans for the chain to focus on “affordability” this year. suggested that. The Chicago-based fast-food giant has been going wild lately with its nearly $18 Big Mac combo menu, but global same-store sales rose just 3.4% in […]