Average US mortgage rates jump by most in 35 years Average long-term U.S. mortgage rates had their biggest one-week jump in 35 years with the Federal Reserve this week raising its key rate by three-quarters of a point in bid to tame high inflation. Read More Daily Press https://www.dailypress.com/business/ct-biz-mortgage-rates-ap-20220616-cj6calxh65bqzlrlehaq2xptli-story.html
Read MoreAuthor: BrianAnthony
U.S. Home Equity Hits Highest Level on Record—$27.8 Trillion
U.S. Home Equity Hits Highest Level on Record—$27.8 Trillion Soaring home prices have driven up home equity, but rising interest rates are making it more expensive to use. Read More Wall Street Journal https://www.wsj.com/articles/u-s-home-equity-hits-highest-level-on-record-27-8-trillion-11655250769
Read MoreU.S. Home Prices Continue to Rise Even Amid Increasing Inventory
U.S. Home Prices Continue to Rise Even Amid Increasing Inventory Active listings last week were up 17% year-over-year while median prices rose 16.9%. Read More Mansion Global https://www.mansionglobal.com/articles/u-s-home-prices-continue-to-rise-even-amid-increasing-inventory-01655397615
Read More6/17/2022 – MetroIntelligence Economic Update by P. DUFFY
MetroIntelligence Economic Update by P. DUFFY Housing starts fall 14.4 percent in May to lowest level since April 2020 Privately‐owned housing starts in May were at a seasonally adjusted annual rate of 1,549,000. This is 14.4 percent below the revised April estimate of 1,810,000 and is 3.5 percent below the May 2021 rate of 1,605,000. Single‐family housing starts in May were at a rate of 1,051,000; this is 9.2 percent below the revised April figure of 1,157,000. https://www.census.gov/construction/nrc/pdf/newresconst.pdf Building permits fall 7.0 percent in May but edge up 0.2…
Read MoreWhat is the Coastal Grandmother trend?
What is the Coastal Grandmother trend? A trend for timeless, elevated coastal interiors inspired by romantic movies is being embraced under a new name, Coastal Grandmother, and by a new audience. Read More Livingetc https://www.livingetc.com/news/coastal-grandmother
Read MoreTranquil Atmospheres with Pastel Colors
Tranquil Atmospheres with Pastel Colors Whether it is art, fashion or decor, some colours compel you to work hard while others give a sense of relaxation and peace but all colours have the power to change our mood… Read More Hindustan Times https://www.hindustantimes.com/lifestyle/art-culture/home-interior-decor-tips-here-s-how-pastel-colours-create-a-tranquil-atmosphere-101655348060097.html
Read MoreToll Brothers Announces Edgewood East Model Grand Opening in East Cobb
Toll Brothers Announces Edgewood East Model Grand Opening in East Cobb New modern luxury community features stunning architectural and interior design. Read More Globe News Wire https://www.globenewswire.com/news-release/2022/06/15/2463502/0/en/Toll-Brothers-Announces-Edgewood-East-Model-Grand-Opening-in-East-Cobb.html
Read MoreUtah’s most stunning new luxury communities by Fieldstone Homes
Utah’s most stunning new luxury communities by Fieldstone Homes Joining in this year’s parade, Fieldstone Homes is proud to share one of their newest communities nestled in the mountains of Lehi, called Canyon Point. Parade guests can visit the home at 1779 W Chaco Circle. Read More ABC4 https://www.abc4.com/gtu/gtu-sponsor/spotlighting-one-of-utahs-most-stunning-new-luxury-communities-by-fieldstone-homes/
Read MoreRapidly Rising Building Materials and Freight Prices Push Construction Costs Higher
Rapidly Rising Building Materials and Freight Prices Push Construction Costs Higher The prices of goods used in residential construction climbed 1.8% in May (not seasonally adjusted) and have increased 19.4%, year-over-year, according to the latest Producer Price Index (PPI) report. Read More Eye On Housing https://eyeonhousing.org/2022/06/rapidly-rising-building-materials-and-freight-prices-push-construction-costs-higher/
Read MoreU.S. Mortgage Rates Hit 6%
U.S. Mortgage Rates Hit 6% The higher rates are already pricing out first-time homebuyers—and cooling down a hot housing market. Read More Quartz https://qz.com/2177621/us-mortgage-rates-are-already-hitting-6-percent/
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