The real estate market in California largely mirrored the nationwide trends in 2021, with home prices rising by double digits in the outlying suburbs and smaller metro areas like Riverside and Sacramento. In city markets like San Francisco, the price increase was more modest, at least by 2021 standards, with the median sale price of...
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Interest Rates Are Rising—but the Fed’s Actions Could Make It Easier To Get a Mortgage This week’s increase to the benchmark mortgage rate is likely just the beginning. The Federal Reserve is scaling back its stimulus activities at a quicker pace than previously expected given the high rate of inflation. In particular, the central bank...
Inflation is a red-hot topic right now, and for good reason: In October, the annual inflation rate rose to an alarming 6.2%. That’s the highest it’s hit since November 1990, over 30 years ago, and a steep uptick from the manageable 2% that we’ve enjoyed for the past five years. Translated to your daily life,...