The WPJ

Boston

National U.S. Office Rents Slip Annually in May

According to Eliza Theiss of CommercialEdge, remote and hybrid work models were considered niche setups just a little over two years ago, but today, these trends seem here to stay.

Driven by Fast Rising Mortgage Rates, Home Buyers Back Off in U.S.

Based on a new report from Redfin, nationwide, 57.8% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in May, the lowest level since February 2021.

U.S. Housing Industry Reacts to Fed's Historic Rate Hike

Today's announcement by the Federal Reserve set a big increase in interest rates and means several more rounds of rate hikes are on the way in upcoming months.

Declining U.S. Builder Confidence Confirms Further Economic Troubles in 2022

According to the latest National Association of Home Builders Wells Fargo Housing Market Index, rising inflation and higher mortgage rates are slowing traffic of prospective homebuyers and putting a damper on builder sentiment.

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