Employers added a whopping 271,000 jobs last month, giving the Fed a good reason to raise rates next month. Don’t worry, mortgages are still really cheap and likely to stay that way for a while.
San Francisco home values rose nearly 15 percent in September from a year ago, posting a median sale price of $1.1 million. Fewer properties went on the market, pushing sales down more than 25 percent.
Last week, Democrats debated, but not about housing. Fortunately there was a candidate housing summit later. Unfortunately, no A-listers showed. This week: News on home sales and construction, Marty McFly gets some good news about his house, and a bug-infested ballroom.
Last week’s jobs report catapulted us into Bizarro World – Why is labor so weak when cars and the housing market are robust? We’re not sure. And Congress – not the Fed – might be the biggest risk to mortgage rates right now.
Goodbye HUD-1! New consumer-protection rules on mortgages take effect today. They’ve been years in the making and inspired much hand-wringing among bankers and real-estate professionals. They’re a big win for homebuyers, but we can expect a little bumpiness for the next few months as we transition.
The labor market continues to disappoint, people aren’t getting raises and fewer adults want jobs. Still, the housing market is holding strong. Something’s gotta give.
Employers added a whopping 271,000 jobs last month, giving the Fed a good reason to raise rates next month. Don’t worry, mortgages are still really cheap and likely to stay that way for a while.
San Francisco home values rose nearly 15 percent in September from a year ago, posting a median sale price of $1.1 million. Fewer properties went on the market, pushing sales down more than 25 percent.
Last week, Democrats debated, but not about housing. Fortunately there was a candidate housing summit later. Unfortunately, no A-listers showed. This week: News on home sales and construction, Marty McFly gets some good news about his house, and a bug-infested ballroom.
Last week’s jobs report catapulted us into Bizarro World – Why is labor so weak when cars and the housing market are robust? We’re not sure. And Congress – not the Fed – might be the biggest risk to mortgage rates right now.
Goodbye HUD-1! New consumer-protection rules on mortgages take effect today. They’ve been years in the making and inspired much hand-wringing among bankers and real-estate professionals. They’re a big win for homebuyers, but we can expect a little bumpiness for the next few months as we transition.
The labor market continues to disappoint, people aren’t getting raises and fewer adults want jobs. Still, the housing market is holding strong. Something’s gotta give.