Experts Say This ‘magic Mortgage Rate’ Will Unlock The Housing Market

Thanks to technology, talent pools no longer need to be limited by geography. Companies need to think outside their borders and plan better for retention. Over the past few years, the fabric of global employment has changed in so many ways. One fundamental change looms the largest, however: the talent crunch.

According to a new survey, the average 30-year fixed-mortgage rate of 6.62% is still well above the ‘magic’ number that might spur resale turnover. Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter.

Beyond just green upgrades, libraries across the country have become centers for resilience and recovery in the face of climate change. After Hurricane Helene tore through western North Carolina on September 27, residents rushed to a familiar place that had one of the only working internet connections in the area. In the parking lot of the West Asheville Public Library, hundreds of people logged on to the system’s Wi-Fi, password “readmore.”

Although charging infrastructure for electric vehicles has improved in the past several years, reliability is still a critical issue. The Biden administration is using tax credits, regulations, and federal investments to shift drivers toward electric vehicles. But drivers will make the switch only if they are confident they can find reliable charging when and where they need it.

The Denver-Aurora-Lakewood Consumer Price Index showed no movement between July and September, although various items in the basket of goods to measure inflation did shift around, according to an update Thursday from the U. S. Bureau of Labor Statistics. Annual inflation rose 1.4% in September in metro Denver, matching the 1.4% annual pace seen in July.

A hot trend in metro Denver’s real estate market is data centers, with people selling sites for the facilities and people developing the centers saying demand is outpacing supply. Flexential, a Denver-based developer and operator of data centers, recently broke ground for a 22.5-megawatt center on 17 acres in Parker. The facility will be its largest in the metro area, adding to the company’s 42 centers across 19 markets in the U.