The typical working-age American earns about $41,400 each year. In most parts of the world, an income at that level would guarantee an extraordinarily high standard of living. Yet few Americans move to Lagos or Mumbai—or even Palermo—despite the apparent gains to be made. The reason, of course, is that the typical American cannot earn anything close […]
You Still Might Be Able to Afford a House in San Francisco Read More »
The 30-year fixed-rate average fell to 4.1 percent. Concerns about the U.S.-China trade feud pushed mortgage rates lower this week. According to data released Thursday by Freddie Mac, the 30-year fixed-rate average slipped to 4.1 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount and
Trade tensions push mortgage rates lower for second week in a row Read More »
The 30-year average drops to 4.06%, lowest in more than a year Decline is giving a boost to the slowing U.S. housing market U.S. mortgage rates fell by the most in more than a decade, giving homebuyers a crack at the lowest loan costs since early 2018. The slowing housing market could use the boost.
Buyers Catch a Break as Mortgage Rates Fall Most Since 2008 Read More »
The Federal Reserve is signaling that it may be done hiking interest rates this year, amid signs of economic slowing. The Federal Reserve’s Open Market Committee on Wednesday left its target rate unchanged at 2.25 percent to 2.5 percent. More than half the committee’s members signaled they don’t expect any additional rate increases this year. That’s a
Fed Signals Rate Hikes May Be Over For 2019 Read More »
WASHINGTON (March 20, 2019) – New findings from a National Association of Realtors® survey show that more Americans believe that now is a good time to purchase a home. Consumer opinions about home buying bounced back in the first quarter of 2019, with 37 percent stating that they strongly believe now is a good time
Vast Majority Think 2019 First Quarter is Good Time to Buy Home, says Realtor® Survey Read More »
Uber, Lyft, Airbnb and Pinterest plan to go public. California’s newly minted rich will be hungry for parties, houses, boats, bikes — and ice sculptures. SAN FRANCISCO — Big wealth doesn’t come in monthly paychecks. It comes when a start-up goes public, transforming hypothetical money into extremely real money. This year — with Uber, Lyft,
Thousands of New Millionaires Are About to Eat San Francisco Alive Read More »
What so many in the housing industry have waited years for appears to be finally happening: Millennials are buying homes. How much things can change in just a few months. Back in September, after existing home sales fell to a three-year low, it appeared that many younger would-be buyers were turning to renting instead of buying. But things look
Homeownership rate rises to four-year high as Millennials are finally buying homes Read More »
Kyle Walsh | CNBC It’s early 2019 and you work at one of those richly valued tech companies that’s raised billions of dollars on its way to becoming a household name. This is the year it’s all supposed to happen for you. You’ve put in a half-decade or more. You’ve held onto your stock options
San Francisco, already flush with cash, is about to get a new influx of millionaires Read More »
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