Although data suggests that inflation is softening, increases in housing costs, which account for a large share of inflation, remain significantly high, mainly due to low inventory relative to demand. As a result of high inflation, the Federal Reserve will continue to jack up interest rates at a fast pace. Although the Fed forgo a hike at its meeting of policymakers last month we expect rate hikes to...
Four Federal Financial Regulatory Agencies finalized a policy on how to handle commercial loan accommodations and workouts for financially troubled firms. Checkout this...
Many think the real estate market is cooling down, however, buyers are still actively pursuing first time home purchases regardless of the high interest rates. This combined with low inventories, continue to support current market prices. The right moment to purchase the home of your dreams is when you find it. Interest rates will come down over time and you will have the option to refinance. Waiting...
This is something every homeowner who uses a portion of his home as a business office or rents rooms on their home should be paying attention to as this could result in steep bills for back taxes and penalties and potential loss of their homestead exemption. Checkout this...