2023 Housing market is more like the 1980s, not 2008: BofA economists

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Bank of America (BAC) economists say that today's housing market is reminding them more of the 1980s, not what the U.S. saw in the 2008 financial crisis. The...

) economists say that today's housing market is reminding them more of the 1980s, not what the U.S. saw in the 2008 financial crisis. The similarities the economists point to include high inflation and high interest rates. However, there is one key difference between the market of today and the market of 40 years ago. Yahoo Finance's Dani Romero explains what it is in the video above.This month, Costco members may wonder whether they should add gold to their shopping lists.

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OTTAWA — Deciding between a fixed- or variable-rate mortgage has always been a challenging choice for borrowers looking to buy a home or renew a loan, but with interest rates sitting at levels not seen in decades, the stakes are especially high. Variable-rate mortgages fell out of favour as Bank of Canada interest rate hikes sent the cost of loans linked to the big banks' prime rates soaring, but the cost of fixed-rate mortgages have also climbed from their pandemic lows.

 

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