When the Federal Reserve announced it was raising interest rates last week, Chairman Jerome Powell said the housing market needs to go through a “correction.”Powell said home prices rose at an “unsustainably fast level” during the pandemic, as he expressed hope that a housing market correction will make prices affordable ...
Buying a home can be exciting and stressful – all in one. That’s why to help you get through it, you find a trusted real estate agent and mortgage consultant to guide you through the journey. But what may surprise you is that other lenders who you’ve never reached out to are ...
Housing prices are dropping.After a prolonged increase in housing prices, signals are now pointing to a cooling-off period. Instead of home buyers getting excited about this possibility, many wonder if buying a house during a recession is still a wise investment.While there are some exceptions, owning a home is still ...
When Nick Weith and Damien Mordecai bought their Gowanda, New York house in 2020, the Zillow listing read “Built in 1940.” But they knew better.The boxy silhouette. The Second Empire roof. It was clearly Victorian Era. That 1940 date? It had to be a placeholder.After a deep dive into the ...
Over the last few years, purchasing a home has felt a lot like competing in a triathlon.However, instead of vying for a trophy, home buyers have duked it out for the nation's limited amount of housing inventory. Spurred on by historically low mortgage rates and the desire for larger living spaces ...
Homebuyers are taking their purchasing power back — and that means sellers no longer rule the roost.As the Federal Reserve's attempts to cool inflation boost interest rates, it's led to a slowdown in the real estate market that has shifted purchasing dynamics.Across the country, 14.9% of homes that went under ...
The original theme of this month's newsletter changed rather dramatically as the early March events in the banking sector radically altered the tone in the markets. While the focus had been a deeper dive into the “Recession vs Runway” theme for an economic landing, the failures of Silicon Valley Bank ...
Married couples seem to get a lot of breaks when it comes to finances—presumably, two people are earning (and sharing) income; they might have more choices for affordable insurance, and they often enjoy more generous tax deductions. Yet they also have to navigate tricky financial situations, such as allocating their ...
With the price of food on the rise, grocery bills are growing along with it. It can be a challenge to stick to your grocery budget while also trying to check everything off your list. But, with a little effort, you can keep your weekly grocery bill on budget. Whether ...
More than 11 million minority-owned businesses make up the economic fabric of the United States, according to data compiled by The Business Journals, and these businesses generate about $1.8 trillion in annual revenue, making up a good portion of the country’s economic success.Yet, minority-owned businesses do not receive nearly as ...
Do you have a budget? It’s a core factor in improving your financial well-being – both for today and the future. Consider this guide your “budget buddy” and get started today.What is a budget?We hear the word a lot, but what does it really mean to make a budget? At ...
Every March, we celebrate Women’s History Month where we honor women’s contributions in American History. This is a time to celebrate actions big and small that have led the way for progression. The theme for Women’s History Month 2023 is Celebrating the Women Who Tell Our Stories. These women might ...