Mortgage Rates Jump to 6.66% as Fed Eyes Fall Rate Hikes
Mortgage rates have surged to their highest level in a year, after a divided Federal Reserve opted to hold its key interest rate steady while signaling potential future hikes as the conflict in Iran continues to fuel inflation. The average rate on 30-year fixed home loans hit 6.66% for the week end
Severe Thunderstorms Inflicted $82 Billion in Damage Last Year, Making Them More Costly Than Hurricanes
Severe convective storms—a type of thunderstorm caused by warm air rising quickly in the atmosphere—led to approximately $82 billion in global economic losses in 2025—nearly three-quarters of which was in the United States. These storms, which may include hail, lightning, strong winds, or tornadoes,
They Left the Bay Area—Then Homeownership Jumped 33%
San Francisco Bay Area residents spent years leaving one of the country’s most expensive housing markets, and now, new research shows the move paid off. Among those who left California altogether, homeownership rose 33% within five years, according to a new report from the California Policy Lab at t
Los Angeles Rents Are Falling, but Not Enough To Be Affordable for New College Grads
Los Angeles rents dropped to a nearly five-year low this spring, offering tenants some very welcome relief. Yet, the city's newly minted college graduates still find themselves squeezed by stubborn housing costs. L.A. County's median asking rent dropped 3.4%, or $91, to $2,603 by the end of June, hi
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