
Business
Soaring interest rates and rising construction put a lid on new home prices in Houston
Posted on · Both would-be homebuyers and home builders are taking a beating the current market.
Posted on · Both would-be homebuyers and home builders are taking a beating the current market.
Posted on · The average price of homes in the Houston area are at an all-time high of $411,000.
Posted on · Federal Reserve chairman Jerome Powell wanted communities affected by Harvey to know that the Fed has their back.
Posted on · The Fed boosted a key interest rate again — its seventh hike since 2015. The move, which was expected, will trigger higher rates on credit cards, home equity lines and other kinds of borrowing.
Posted on · The Fed also said it is looking to increase rates three times in 2018, as inflation approaches the central bank's target annual rate of 2 percent and the unemployment rate appears stable.
Posted on · Small and midsized energy companies racked up huge debts during the shale boom. A year of cheap oil has left many on the brink of ruin.
Posted on · The Federal Reserve’s decision to raise short-term interest rates by a quarter point strengthened the dollar and made dollar-priced crude cheaper.