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Tomorrow’s CPI and Fed news will tell about the future of rates

Mortgage rates are up across the board — the average 15-year fixed rate is back up over 6%. and the 30-year fixed rate is inching closer to 7%. This is set to be a big week for mortgage rates. Tomorrow, the U.S. Bureau of Labor Statistics releases the May Consumer Price Index report. CPI is a key way of measuring …

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Boomers, millennials locked in ‘showdown’ over housing: Fortune

street view of high income single-family home neighborhood As baby boomers increasingly seek to age in place in their own homes — a scenario supported by both the preferences of older homeowners and the realities brought on by elevated mortgage rates — this is clashing with the desires of millennials who wish to enter the housing market, as the combination …

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D.C., Chicago are top YIMBY cities for housing development

San Francisco-based Pacaso, a tech-centric real estate marketplace, released a report Monday unveiling the top U.S. metro areas that are embracing new development and “creating a more diverse and plentiful supply of homes.“ The report delves into the “Yes in My Backyard“ (YIMBY) movement, which involves numerous strategies to improve housing supply and lower the cost of living for homeowners …

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