Soaring interest rates create 'barrier to the American dream': Former investment banker

Barron’s associate editor Andrew Bary weighs in on the real estate market and provides an outlook for home-improvement stocks.

The 10-city composite saw an annual increase of 17.5% year-over-year in January, up from 17.1% the previous month, while the 20-city composite grew 19.1% year-over-year, up from 18.6% in the previous month. On a monthly basis, the 20-city index climbed 1.4% in January when non-seasonally adjusted and 1.8% when seasonally adjusted.

Sixteen of the 20 cities reported higher price increases in the year ending January 2022 versus the year ending December 2021, led by Phoenix, Tampa, and Miami.

No better than a CNN statement

Really? 5% rates is cheap money

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Prices increase 9%, inventory remains historically low in hot Denver housing marketAchieving the American dream isn’t getting any easier, especially in Colorado. via RussellHaythorn RussellHaythorn Great time to be a homeowner...ThankYouBrandon
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