Articles by Jeff
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Shrinking homes, falling lumber prices and, maybe, an uptick in home sales
Shrinking homes, falling lumber prices and, maybe, an uptick in home sales
By Jeff Ostrowski
Activity
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I won a 2024 National Association of Black Journalists (NABJ) Salute to Excellence Award for my "Hail to the Chiefs" article that was published in…
I won a 2024 National Association of Black Journalists (NABJ) Salute to Excellence Award for my "Hail to the Chiefs" article that was published in…
Liked by Jeff Ostrowski
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A new analysis from Redfin shows buy-side fees already have come down since the new commission rules were announced earlier this year. The typical…
A new analysis from Redfin shows buy-side fees already have come down since the new commission rules were announced earlier this year. The typical…
Shared by Jeff Ostrowski
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Mortgage rates just hit their lowest levels since May 2023. The average cost of a 30-year home loan is down to 6.59%, according to Bankrate's latest…
Mortgage rates just hit their lowest levels since May 2023. The average cost of a 30-year home loan is down to 6.59%, according to Bankrate's latest…
Shared by Jeff Ostrowski
Volunteer Experience
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Board member
National Association of Real Estate Editors
- Present 6 years 10 months
Serve as a volunteer board member for the nonprofit organization. Moderate a panel discussion or two at the annual journalism conference. Elected secretary for 2024.
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Volunteer
Surfing Florida Museum
- 1 year 9 months
Arts and Culture
Scrubbed toilets, sold T-shirts and swept floors. The nonprofit museum went on hiatus during the coronavirus pandemic.
Publications
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The lock-in effect is keeping homes off the market. How long will it last?
Bankrate
That unwillingness to sell is showing up in declining home sales as fewer listings come onto the market. In January 2022, sales of existing homes hit an annual pace of nearly 6.5 million homes, according to the National Association of Realtors. By December 2023, that pace had fallen below 4 million.
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The 10 largest mortgage lenders in the U.S. -- and a new No. 1
Bankrate
There’s a new No. 1 atop the list of the nation’s largest mortgage lenders. United Wholesale Mortgage pushed past Rocket Mortgage, the champ and the biggest player in the field by a wide margin for the past six years, to claim the top spot.
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It's the end of an era for mortgage rates
Bankrate
For two decades, American homeowners enjoyed historically cheap mortgages. Rates on home loans ranged from low to ridiculously low.
Let’s take a trip down memory lane: From April 20, 2011, through Oct. 3, 2018, the average 30-year mortgage rate never topped 5 percent. After an eight-week period of mortgage rates barely above 5 percent in the fall of 2018, rates plunged again, falling below 3 percent during the depths of the pandemic. It wasn’t until April 2022 that they rose above 5…For two decades, American homeowners enjoyed historically cheap mortgages. Rates on home loans ranged from low to ridiculously low.
Let’s take a trip down memory lane: From April 20, 2011, through Oct. 3, 2018, the average 30-year mortgage rate never topped 5 percent. After an eight-week period of mortgage rates barely above 5 percent in the fall of 2018, rates plunged again, falling below 3 percent during the depths of the pandemic. It wasn’t until April 2022 that they rose above 5 percent again. To put it another way, throughout an 11-year period, the typical mortgage rate ticked above 5 percent for all of two months.
Now, though, amid an aggressive inflation-fighting policy from the central bank, rates have roared back.
Languages
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Spanish
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I'm joining the Elon University administration to help with strategic partnerships. I will start on Aug. 19 and work with James Piatt, Connie Book…
I'm joining the Elon University administration to help with strategic partnerships. I will start on Aug. 19 and work with James Piatt, Connie Book…
Liked by Jeff Ostrowski
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American homeowners are sitting on more than $30 trillion in home equity, a reality that’s leading some to take out home equity loans or home equity…
American homeowners are sitting on more than $30 trillion in home equity, a reality that’s leading some to take out home equity loans or home equity…
Shared by Jeff Ostrowski
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A sudden round of economic volatility has sent mortgage rates plummeting. “After months of dawdling at or above the 7% mark, mortgage rates are…
A sudden round of economic volatility has sent mortgage rates plummeting. “After months of dawdling at or above the 7% mark, mortgage rates are…
Posted by Jeff Ostrowski
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Our Bankrate Editorial team is growing! We have multiple roles open for Editors and Writers across a range of categories (Credit Cards, Investing and…
Our Bankrate Editorial team is growing! We have multiple roles open for Editors and Writers across a range of categories (Credit Cards, Investing and…
Liked by Jeff Ostrowski
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Lots of shakeups in the editorial job market!📢 I've worked with the amazing Bankrate team for 7 years now and we are continuing to grow. We have…
Lots of shakeups in the editorial job market!📢 I've worked with the amazing Bankrate team for 7 years now and we are continuing to grow. We have…
Liked by Jeff Ostrowski
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The presidential campaign cycle is in full swing, an every-four-years ritual that brings breathless ads, wall-to-wall media coverage and, of course…
The presidential campaign cycle is in full swing, an every-four-years ritual that brings breathless ads, wall-to-wall media coverage and, of course…
Shared by Jeff Ostrowski
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If you ask me, the ideal mortgage rate is 0%. Unfortunately, that's only a thing in our dreams. When I want to feel better about today's mortgage…
If you ask me, the ideal mortgage rate is 0%. Unfortunately, that's only a thing in our dreams. When I want to feel better about today's mortgage…
Liked by Jeff Ostrowski
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The days of super-low mortgage rates are gone, and they probably aren't coming back anytime soon. American homebuyers and sellers aren't eager to…
The days of super-low mortgage rates are gone, and they probably aren't coming back anytime soon. American homebuyers and sellers aren't eager to…
Posted by Jeff Ostrowski
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This month marks my 35th year as a business writer at the Palm Beach Post. During this time, I've had the privilege of writing about topics ranging…
This month marks my 35th year as a business writer at the Palm Beach Post. During this time, I've had the privilege of writing about topics ranging…
Liked by Jeff Ostrowski
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Here’s one factor finally working in favor of U.S. homebuyers: You’re no longer competing with foreign buyers. Activity from international buyers…
Here’s one factor finally working in favor of U.S. homebuyers: You’re no longer competing with foreign buyers. Activity from international buyers…
Shared by Jeff Ostrowski
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