Mortgage rates rose above 3% this week as consumer and producer prices continue to rise due to persistent supply bottlenecks and labor difficulties.
Original source: https://www.nar.realtor/blogs/economists-outlook/instant-reaction-mortgage-rates-october-14-2021
Passage of the Bipartisan Infrastructure Bill We look forward to working with Congress and the administration to ensure provision of affordable housing and equal access to credit in America. Media Contact: Tori Syrek Original source: https://www.nar.realtor/newsroom/nar-statement-on-the-passage-of-bipartisan-infrastructure-bill
Three Commercial Committee members share what’s happening in their market and how they’re moving business forward. Original source: https://www.nar.realtor/commercial-connections/forging-ahead
Metro Area Wealth Gains as of 2021 Q2 Homeownership is a key pathway to building wealth and narrowing the racial income and wealth inequality gap. By: Scholastica (Gay) Cororaton Original source: https://www.nar.realtor/blogs/economists-outlook/metro-area-wealth-gains-as-of-2021-q2-typical-gain-of-349000-over-30-years
Thriving Office Market in Secondary Cities With remote and hybrid workstyles bolstered by the continuing pandemic, office space demand continues to be on the decline except in secondary cities. By: Scholastica (Gay) Cororaton Commercial & Investment Real Estate Original source: https://www.nar.realtor/blogs/economists-outlook/commercial-weekly-thriving-office-market-in-secondary-cities
Housing Affordability Continued to Improve in August At the national level, housing affordability increased for the second consecutive month in August compared to the previous month. By: Michael Hyman Original source: https://www.nar.realtor/blogs/economists-outlook/housing-affordability-continued-to-improve-in-august