What a difference a year makes. A year ago, the real estate market still seemed hot. 2021 had seen mortgage interest rates hit an almost unheard-of annual average low of 2.96 percent. The supply side problems of the pandemic made new construction materials hard to obtain, and therefore much more expensive. Home buyers turned to… Continue reading
Tag: Economy
Inflation Like You’ve Never Seen
Well, at least like a lot of people have never seen. If forty years make a generation, then anybody under the age of 42 or 43 has never experienced inflation this high. The Labor Department has issued a report that US consumer prices soared 8.5% in March, 2022 from a year earlier for the fastest… Continue reading