Markets Insider

The US housing market added over $3 trillion in value over the last year alone, per a Redfin analysis.

The US housing market is on the verge of hitting a record $50 trillion valuation as prices keep rising

Is it darkest before the dawn? If we look at the housing market right now, sales are down, new listings are down and prices are decelerating. But if we look at the data right now, things look the most bullish they’ve been all year. Good inflation data came in...

What happens to the housing market when mortgage rates finally come down?

Lenders have been lowering their rates ahead of a hoped-for interest rate cut in August.

Mortgage rate hopes as one lender offers below 4%

Florida State

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Mr Mortgage Radio - Mortgage & Housing News

The 2008 housing market crash, a precursor to the Great Recession, was driven by a cascade of distressed sales and foreclosures. This financial turmoil was primarily triggered by the sudden increase in mortgage payments for many homeowners, particularly those with interest-only loans or adjustable-rate mortgages. As the initial low-interest rates adjusted upwards, borrowers faced significantly higher monthly payments, often beyond their financial capacity.

The Anatomy of a Housing Crash: Why 2024's Housing Market is Holding Steady

TheStreet

When stocks started to dive, bond yields and mortgage rates fell, too, good news for homebuyers.

Market turmoil gives homebuyers huge mortgage break

GOBankingRates

Housing prices have been increasing for the past decade, with median home values soaring to record highs in 2021. While the market has cooled slightly, high mortgage rates and low inventory have kept...

Will Home Prices Crash in 2026?

Charlotte, NC

Tampa, FL

This year, sellers are enticing cautious buyers facing high costs and steep interest rates by lowering prices, as median home prices dropped to $439,950, with significant reductions in cities like Tampa, Charlotte, and Phoenix; the "Golden handcuff" effect of low pandemic-era mortgage rates has limited supply, but recent rates around 6.47% offer some relief, according to experts like Realtor.com's Ralph McLaughlin.

Home Prices Take a Dip – The Top 3 Cities Leading the Decline

North Carolina State

Town Talks

In North Carolina, the divorce process can be challenging, particularly due to the mandatory one-year separation requirement. This law mandates that couples must live separately for at least a year before filing for divorce, a rule that can be frustrating for many.

You might be granted a divorce in North Carolina if your spouse is ‘incurably insane.’ Here’s how

Money Week

Research by the property website suggests buyers are adapting to higher mortgage rates and are making offers closer to asking price

Zoopla: UK property market is heating up - will house prices rise this year?

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J. Souza

Royal Caribbean’s Utopia of the Seas, a $1.35 billion behemoth of the sea, has recently been introduced to the world since its maiden voyage on July 19th. The ship, boasting nearly 5,700 passengers and a crew of over 2,200, offers an array of amenities designed to cater to multi-generational families on shorter 3- and 4-day itineraries.

Cruise Passengers Not Happy About Feature on World's Newest Mega Ship

PBS NewsHour

WASHINGTON (AP) — The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it. Some of America’s largest companies, from Amazon to Disney to Yum Brands, say their customers are increasingly seeking cheaper alternative products and services, searching for bargains or just avoiding items they deem too expensive. Consumers aren’t cutting back enough to cause an economic downturn. Rather, economists say, they appear to be returning to pre-pandemic norms, when most companies felt they couldn’t raise prices very much without losing business.

Americans are refusing to pay high prices. That might deal the final blow to inflation

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Jacksonville Today

Republican Donald Trump has a 7-point lead over Democrat Kamala Harris among Florida voters, 49% to 42%, according to a new poll from the University of North Florida. Four percent are backing another candidate, and 6% are undecided or didn’t answer.

New Florida poll: Trump leads; support strong for abortion and recreational weed

Denver, CO

David Heitz

More dangerous substances are entering the Denver drug supply, Harm Reduction Action Center warned in a newsletter this week. “The Iron Law of Prohibition posits that as law enforcement becomes more intense, the potency of prohibited substances increases,” HRAC Executive Director Lisa Raville wrote in the newsletter. That is exactly what is happening, she said.

Dangerous substances entering Denver drug supply

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

The Current GA

Since 2020, the condition known as long COVID-19 has become a widespread disability affecting the health and quality of life of millions of people across the globe and costing economies billions of dollars in reduced productivity of employees and an overall drop in the work force .

Expert: Long COVID puzzle pieces are falling into place – picture is unsettling

Rates on 30-year mortgage refinance loans have shown considerable daily volatility over the past week, with the average sinking 27 basis points Monday after jumping 39 basis points Friday. The current average of 6.87% is 11 basis points cheaper than one week ago. Rate movement was mixed for other refinance...

30-Year Mortgage Refinance Rates Drop

WASHINGTON -- Wholesale price increases in the United States eased in July, suggesting that inflation pressures are further cooling as the Federal Reserve moves closer to cutting interest rates, likely beginning next month. The Labor Department reported Tuesday that its producer price index — which tracks inflation before it reaches...

US wholesale inflation cooled in July in sign that price pressures are continuing to ease

Pompano Beach, FL

Akeena

In a shocking revelation, Kings Mart, a grocery store in Pompano Beach, has been slapped with a series of severe health violations by the Florida Department of Agriculture. The inspection, carried out by Francis Odio, uncovered a disturbing range of problems that have led to the immediate closure of several sections of the store.

An inspection found bugs in the food and rodent poop on the shelves at a Florida grocery store

The Associated Press

WASHINGTON (AP) — If the Federal Reserve needs any further evidence that the worst price spike in four decades is steadily easing, it’s likely to come Wednesday, when the government is expected to report that inflation cooled further last month. Consumer prices are thought to have risen just...

Inflation likely stayed low last month as Federal Reserve edges closer to cutting rates

Mortgage rates plummeted this week after weaker-than-expected employment data raised the odds of the Federal Reserve cutting interest rates next month. It’s a big step in the right direction for America’s notoriously unaffordable housing market.

Mortgage rates plunge to lowest level in more than a year

NewsBreak

A Cooling Housing Market Is Pushing Down Inflation. Here's Why That's Important

Rents, which surged in the aftermath of the pandemic, started to cool down in 2022. The slowdown is finally being reflected in official inflation measures such...

A Cooling Housing Market Is Pushing Down Inflation. Here's Why That's Important

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