Business

Inflation and the housing market: How to cope with high home prices

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Inflation hasn’t left the building, but it may be starting to look for the exit.

How far will home prices fall? Some say 20% or more is possible

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As the U.S. housing market continues to cool, a growing number of forecasters say homeowners could soon experience significant price declines. These analysts look at the record run-up in home prices during the COVID pandemic and say a drop of 20% or more looms in the near future.

Land transfers, Nov. 10-16

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The trend of the real estate market in Allen County is shown by the following report, for the week running Nov. 10 through 16. Figures reflect the selling price of the property, along with the address or lot number of same and are courtesy of Allen County Recorder Mona Losh’s Office.

US inflation slows more than forecast, gives Fed downshift room

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U.S. inflation cooled in October by more than forecast, offering hope that the fastest price increases in decades are ebbing and giving Federal Reserve officials room to slow down their steep interest-rate hikes.

The Week Ahead: The price of homes resists the falling pace of home sales

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It is tough for any market to withstand a 56% cost increase in a single year. That’s not a 56% jump in prices. It is a 56% pop in the cost to the buyer.

Millennial Money: Set financial limits for holiday visits

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For many, visiting family for the winter holidays is a matter of “how,” not “if.” But this year, rising costs could make travel less affordable, especially when paired with other life changes — say, moving cross-country, going to school or getting married.

Legal-Ease: A jilted fiance’s legal rights

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TV shows and movies create stories around brides or grooms disappearing right before wedding ceremonies. But the change of heart to marry can obviously happen any time after a couple agree to marry. If only one person decides that the marriage is not going to happen, the other person can experience immense heartbreak.

Ranch house plan Chehalis has Craftsman influences

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EUGENE, ORE. – A simple yet striking combination of lap siding and batt and board grace the front of the Chehalis, a ranch house plan with Craftsman influences. Front-facing gables and knee brace detailing add to the charm. Slender posts frame the front door and mark the boundary of the covered porch.

Liz Weston: What are your employee benefits really worth?

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Benefits make up more than 30% of the typical job’s compensation, according to the U.S. Bureau of Labor Statistics . But figuring out what your benefits are worth isn’t always easy.

Housing market predictions: the forecast for the next 5 years

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It’s been a wild real estate ride over the last few years. After a red-hot market characterized by bidding wars, low interest rates and elevated prices, mortgage rates increased to the highest level in 20 years, leading to a slowdown of both buying activity and purchase prices. Yet, with inventory still low, home price tags remain high in many parts of the U.S.