Oct. Single-Family Starts Continue to Contract

Housing starts decreased 4.2% in Oct., with a larger dip in single-family home starts (down 6.1%) offset by a smaller dip in multifamily starts (down 1.2%).

Airbnb Wants You to Rent Out Your House

The short-term rental company wants to expand, believing the travel boom is here to stay. To attract higher-end owners, it’s raising liability coverage to $3M.

Long-Term Mortgage Rates Tumble to 6.61%

Last week, a 30-year, fixed-rate loan averaged 7.08%; this week it dropped almost half a percentage point to 6.61% as signs suggest inflation may have peaked.

Fed Official Open to Smaller Interest Rate Hikes

While the Fed isn’t done hiking interest rates, there’s a growing chance that future escalations will be lower than the 3/4-point increase posted after recent meetings.