Support the fact-based journalism you rely on with a donation to Marketplace today. Give Now!

Home prices are falling. That's good news for the Fed's fight against inflation.

Nov 29, 2022
September data shows they were still higher than a year earlier, though.
National home prices dropped 1% in September from the previous month — in tune with the Federal Reserve's hopes.
Joe Raedle/Getty Images

Housing markets across the globe hit by rising rates

Nov 24, 2022
The U.S. isn't the only country with a central bank that's hiking rates. Here's how that's affecting housing markets around the world.
Apartments on the market in Berlin. Tightening monetary policy is cooling housing demand in Germany, but immigration may stimulate it.
David Gannon/AFP via Getty Images

High interest rates mean anxiety for borrowers, but a "great new story" for savers

Nov 22, 2022
Laurie Stewart, CEO of Sound Community Bank in Seattle, says she's seen a "real uptick in demand for deposits."
The Federal Reserve's rate hikes continue, but mortgage rates are trending downward.
Chip Somodevilla/Getty Images

More homes are sitting in Cleveland's real estate market, this broker says

Nov 10, 2022
"The average days on market has gone from less than a week up to about 89 days," says broker Amanda Pohlman of Keller Williams Living.
"The market just isn't as robust as it has been," said Cleveland-based broker Amanda Pohlman.
Joe Raedle/Getty Images

Inflation cooled in October, but it's just one month

Nov 10, 2022
There's still a long way to go in easing prices, but some economists think inflation has peaked.
The October CPI shows food prices are still rising, but more slowly than they have in months.
Frederic J. Brown?AFP via Getty Images

What's with all the hiring?

Nov 2, 2022
Employers keep looking for workers to meet consumer demand, though there are signs the labor market may cool down.
"Most of what I hear from employers is that they're struggling to find talent," said Amber Clayton with the Society for Human Resource Management.
Anna Moneymaker/Getty Images

Fed unleashes three-quarter point rate hike but hints at a pullback

Nov 2, 2022
The Federal Reserve pumped up its benchmark interest rate Wednesday by three-quarters of a point for a fourth straight time but hinted that it could soon reduce the size of its rate hikes.
The Fed’s key short-term rate is now to a range of 3.75% to 4% — its highest level in 15 years.
Drew Angerer/Getty Images

For public good, not for profit.

How long does it take for Fed rate hikes to work?

Oct 28, 2022
Though the Federal Reserve's actions are being felt throughout the economy, stabilizing prices could take 12 to 18 months.
Kevin Dietsch/Getty Images

U.S. mortgage rates top 7% for the first time in 2 decades

Oct 27, 2022
Many potential homebuyers have moved to the sidelines as mortgage rates have more than doubled this year.
Allison Dinner/Getty Images

How the U.K.’s short-term fixed-rate mortgages are causing deep worry

Oct 26, 2022
The recent firestorm over the British government’s fiscal policies highlighted the vulnerability of some mortgages in the United Kingdom.
Brits typically fix their mortgage interest rates on two- or five-year terms. Many are fearing refinancing because of the recent spike in U.K. interest rates.
Niklas Halle'n/AFP via Getty Images