The average wage earner in the Capital Region’s three biggest housing markets still can qualify to buy a house, though that may change as prices continue to rise faster than wages, a new national report suggests.
For the first time in more than 40 years, home prices and mortgage rates are rising at the same time. A low supply of homes coupled with measures by the Federal Reserve to stem inflation are driving both home prices and mortgage rates up, respectively.
Economic uncertainty related to the pandemic and its fallout over the past two years didn’t stop entrepreneurs from launching new businesses in the Capital Region.
New Fortress Energy Inc. announced last week that it has filed applications with the U.S. Maritime Administration, the Coast Guard and the Department of Energy to construct and operate a new offshore natural gas liquefaction terminal off Louisiana.