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.
Tag: interest rates
Houston Matters
Houston home sales are cooling off, but home prices are not
Posted on · The average price of homes in the Houston area are at an all-time high of $411,000.
News
Fed Chair Visits Houston’s Fifth Ward To Show Support For Harvey-Ravaged Communities
Posted on · Federal Reserve chairman Jerome Powell wanted communities affected by Harvey to know that the Fed has their back.
News
Fed Raises Interest Rates, Signals 2 More Hikes This Year
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.
News
Federal Reserve Raises Key Interest Rate, Signals 2 More Increases This Year
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.
Business
Junk Bond Market Rout Heralds Trouble For Houston’s Energy Sector
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.
Business
Fed Interest Rate Increase Slaps Down Oil Prices
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.