Jacob Passy, Moneyish

Jacob Passy

Moneyish

New York, NY, United States

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Recent:
  • Moneyish
Past:
  • realtor.com
  • New York Post
  • NationalMortgageNews
  • PaymentsSource
  • CNBC

Recent articles by Jacob:

An inventory crunch is making life impossible for home buyers. Our interactive map can help you track the availability of houses for sale near you.

MarketWatch analyzed five years of monthly housing inventory data and created a tool you can use to search by county for the change in homes available for sale. → Read More

Some economists say a recession is inevitable. Should you pay off your mortgage now? Consider these factors first.

Financial experts generally recommend clearing debts ahead of an economic downturn, but mortgages might be an exception. → Read More

‘I think we’re in the final innings.’ Pimco’s Kiesel thinks the housing market has hit its top

Mark Kiesel famously sold his home in 2006 just before the last housing bubble burst. → Read More

'Buyers of a median-price home are looking at a monthly mortgage payment that is almost 50% higher than it was a year ago.' The 30-year mortgage rate dips slightly to 5.1%

After rising at the fastest pace in 40 years, mortgage rates level off — but buyers should brace for persistently higher rates. → Read More

'The spring housing market is off to an unpredictable start': Pending home sales fall amid rising mortgage rates

The National Association of Realtors now predicts existing-home sale will decline 9% in 2022. → Read More

A median-priced new home in the U.S. is roughly $77,000 more expensive than it was a year ago

'New homes are likely a viable choice for fewer first-time home buyers.' → Read More

New home sales decline in March

U.S. new-home sales decreased 8.6% to an annual rate of 763,000 in March, the government said Tuesday. That figure represents the quantity of homes that... → Read More

Home prices rose at breakneck pace in February, Case-Shiller report shows

The S&P CoreLogic Case-Shiller 20-city price index posted a 20.2% year-over-year gain in February, up markedly from 18.9% the previous month. On a monthly... → Read More

How to prepare your finances for another recession: 'We think a hard landing will ultimately be unavoidable'

There's a 35% chance of a downturn in the next 24 months, Goldman Sachs forecasts. → Read More

Mortgage rates rise above 5% for the first time since 2011. Is the seller’s market over?

Economists have suggested that higher mortgage rates could create a 'lock-in' effect for current homeowners. → Read More

Existing-home sales fall as soaring interest rates scare off home buyers

The National Association of Realtors now expects existing-home sales to decline 10% over the course of the year. → Read More

'Travel has rebounded far quicker than analysts expected': Passengers cheered the end of masks on flights, but they won't be cheering these prices

The number of people traveling by plane has rebounded close to pre-pandemic levels. → Read More

New-home construction improves despite high inflation, rising mortgage rates, and the shortage of skilled labor and materials

Home builders have shifted their focus to multifamily housing projects as buyers grapple with affordability concerns. → Read More

Rattled by rising interest rates and house prices, Americans are less sure they'll be able to own their next home

Renters have grown pessimistic about their ability to purchase a home as the cost of housing soars. → Read More

'The housing market faces an inflection point': Home-builder confidence declines as interest rates rise

'It doesn’t help that soaring house prices also eroded affordability.' → Read More

This is where property taxes increased the most last year — it’s not in California or New York

Tax assessments haven’t kept pace with rising home prices, which could create headaches for homeowners over the next few years. → Read More

Mortgage rates soar to highest level in over a decade — even wealthy home buyers are feeling the pain

As interest rates on home loans surge above 5%, the pandemic-related boom in purchases of second homes is coming to a screeching halt. → Read More

Housing keeps getting more expensive. Is there relief in sight?

The cost of shelter has increased by the largest amount in four decades over the past year, driving overall inflation higher. → Read More

We spent over $100K trying to flip a 'nightmare' house. I want to sell, my husband wants to rent it out. Who's right?

‘Comps are all over the place in this crazy market.’ → Read More

As mortgage rates surge higher, these home buyers are being pushed out of the market

Mortgage rates have increased to the highest level since 2018, putting a significant strain on families looking to purchase a home this spring. → Read More