Jul 27 How the latest Federal Reserve rate hike affects your finances By Christopher Rugaber, Associated Press The Fed's latest hike, its fourth since March, will further magnify borrowing costs for homes, cars and credit cards, though many borrowers may not feel the impact immediately. Continue reading
Jul 21 High mortgage rates, prices discourage buyers and chill housing market By Ken Sweet, Michael Casey, Alex Veiga, Associated Press Sales of previously occupied homes have fallen for five straight months, during what is generally the busiest time of year in real estate. Continue reading
Jul 21 Average national 30-year mortgage rate hits 5.54% By Matt Ott, Associated Press Average long-term U.S. mortgage rates are ticking higher this week in a rapidly cooling housing market as the Federal Reserve gears up for what could be yet another bump to its benchmark interest rate. Continue reading
Jul 21 WATCH: Senate panel explores skyrocketing housing prices By Molly Finnegan and Ken Sweet, Michael Casey, Alex Veiga, Associated Press The Senate Banking Committee explored the state of housing in the United States in a hearing Thursday, as rising mortgage rates, low inventory and high home and rental prices squeeze consumers. Continue reading
Jul 11 Watch 8:24 Inflation and high housing costs spur more baby boomers to find roommates By Paul Solman, Diane Lincoln Estes Amid high inflation and rising housing costs, some seniors are turning to home-sharing. Economics correspondent Paul Solman has the story about a growing number of baby boomers who are becoming "boommates."… Continue watching
Jun 12 Watch 4:56 Skyrocketing home prices and rents create housing crisis In today's highly competitive housing market, millions of Americans are priced out of buying a home, often competing with all-cash offers well above asking prices. Rents are skyrocketing, too, causing overall housing affordability to collapse at its fastest rate on… Continue watching
Mar 16 How will higher interest rates affect American finances? By Christopher Rugaber, Associated Press Americans who have long enjoyed the benefits of historically low interest rates will have to adapt to a very different environment as the Federal Reserve embarks on a period of rate hikes to fight inflation. Continue reading
Feb 23 Watch 5:16 Can 3D printing become a solution for the housing shortage? By Stephanie Sy, Maea Lenei Buhre It's often said that there’s no place like home. But what if that home was built with a 3D printer? Only a handful of people in the U.S. currently live in these types of houses, but some believe this will… Continue watching
Sep 01 White House details plans to improve housing affordability By Josh Boak, Associated Press Millions of Americans are getting priced out of ownership or stuck spending the bulk of their income on rent. The S&P CoreLogic Case-Shiller 20-city home price index climbed a record 19.1 percent in June from a year ago. Continue reading
Aug 13 Watch 7:19 How the Twin Cities is trying to close the racial gap in home ownership By Fred de Sam Lazaro The Twin Cities is one of the most affordable metropolitan areas of the country. Its longstanding racial disparities in home ownership are also among the worst. Just 25 percent of Black residents in Minneapolis and St. Paul own their homes,… Continue watching