Author Archive for: phil@pkymg.com

By Tiffani Sherman Sep 5, 2023 Did you know Publishers Clearing House and Disney World’s Epcot share something in common? Yes, both had TV commercials in heavy rotation in the 1980s; but, naturally, we’re referring to something more relevant to real estate. The architecture firm that designed Epcot also designed a house for Harold and LuEsther Mertz, founders of Publishers Clearing House, the direct marketing […]

Mortgage rates fell for the second week in a row, averaging 7.12% for a 30-year fixed-rate loan in the week ending Sept. 7, according to Freddie Mac. This downward trend is a welcome relief after rates spiked to a 22-year high of 7.23% two weeks earlier. Still, these rates are formidable—more than double what they were two years ago when […]

By Clare Trapasso Aug 14, 2023 There’s a rumor going around that the housing market has bottomed out—and there’s nowhere for it to go but back up. However, while the real estate experts that Realtor.com® spoke with acknowledged the market isn’t getting any worse, it’s not getting any better either. It’s like a car stuck in […]

By Devin Meenan Ask any real estate professional about the macroeconomic challenges they’re facing today, and you’ll get an answer including both “inflation” and “interest rates.” As the former one grows, the latter does, too. The Federal Reserve’s latest meeting on July 27 saw the board raise interest rates another 25 basis points. This came despite them […]

By Clare Trapasso Jul 6, 2023 As the mercury rises, will the housing market heat up—or continue to slump? The story of the housing market over the past year or so has been how rising mortgage interest rates have decimated affordability, sidelining and pricing out would-be homebuyers. However, higher rates have led to an even larger problem: a […]