Fed's Housing Plot: High Rates Make Home Dreams Go 'Poof!'

Money doesn't grow on trees anymore, folks! Just ask the Federal Reserve, who've been busy turning the housing market from a cozy fireplace into a freezer since 2022. Philadelphia Fed's Patrick Harker recently shared his thoughts on this chilly situation, and spoiler alert: your dream home's price tag just got a new best friend called "sky-high interest rates."

Home Sweet (Expensive) Home

Remember those magical days of practically-free money and 3% mortgage rates? Well, Delaware's housing market sure does. After the post-pandemic housing party where prices went absolutely bonkers between 20...