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Mortgage Rates Hit 3-Year High; Economists Foresee Stalling Market

USA Real Estate News-RISMedia - Fri, 2026-10-02 12:34

The Federal Reserve’s new interest rate increase will likely be felt throughout the real estate industry, with mortgage rates surpassing last week’s data highlighting a two-year peak. According to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 7.28%, up from last week’s average of 7.03% and up from last year’s…

The post Mortgage Rates Hit 3-Year High; Economists Foresee Stalling Market appeared first on RISMedia.

Labor Market Misses Projections; BLS Revisions Reveal a Downward Slope

USA Real Estate News-RISMedia - Fri, 2026-10-02 09:13

Unemployment continues to remain steady around the 4% range, according to the Bureau of Labor Statistics (BLS). The latest Employment Situation Summary from the BLS reports that the unemployment rate grew slightly—but not dramatically—to 4.2%, with the addition of 29,000 jobs. Previously, the unemployment rate sat at 4.1% for August. Categories like construction and manufacturing…

The post Labor Market Misses Projections; BLS Revisions Reveal a Downward Slope appeared first on RISMedia.

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35-40 82nd Street APT H5, New York, Apartment,  for sale - Sample Agent, InCom Real Estate - Sample Office

Subletting allowed. Stylishly renovated from top to bottom and filled with natural light from three exposures—east, west, and south—this spacious two-bedroom, two-bathroom home is set in Stephen Hall, a well-regarded prewar cooperative in the heart of the Jackson Heights Historic District, just one and a half blocks from the 7 train. The thoughtful renovation included all-new electrical and extensive soundproofing while preserving the apartment’s original prewar character. Hardwood floors, high ceilings with crown molding, graceful arched doorways, and large windows are complemented by a gracious and highly functional layout. A welcoming entrance foyer, seven closets, and generously proportioned rooms provide exceptional space and storage. Soundproofing in the entrance, living room, dining room, and primary bedroom adds an extra level of comfort and privacy. The oversized living room easily accommodates multiple seating areas as well as a home office. Just beyond, the formal dining room connects to the kitchen through a large pass-through, creating an open, practical flow for everyday living and entertaining. The renovated, windowed eat-in kitchen is exceptionally spacious and features Italian wood-look porcelain flooring, quartz countertops, custom cabinetry, and a large pantry. A farmhouse sink and stainless steel appliances—including a dishwasher and wine refrigerator—add both style and functionality, while a comfortable dining nook provides plenty of room for casual meals. The primary bedroom is a peaceful retreat, with custom built-in storage framing space for a king-sized bed, a walk-in closet, and an ensuite bathroom with a shower. A wall-to-wall marble vanity offers abundant counter space and storage. The spacious second bedroom features a full wall of built-in closets plus two additional closets and can comfortably accommodate two twin beds or a queen- or king-sized bed. Just outside the bedroom is a large, windowed second bathroom with a soaking tub and marble-topped vanity with generous counter space and storage. Built in 1936, Stephen Hall is a well-maintained six-story elevator cooperative with a live-in superintendent, laundry room, bike storage, and additional storage (currently waitlisted). Subletting is permitted with board approval. Pets are welcome, including dogs under 25 pounds, subject to board approval. The location puts the best of Jackson Heights close at hand. The 7 train at 82nd Street is just one and a half blocks away, with convenient connections to the E, F, M, and R trains and multiple bus routes at 74th Street–Roosevelt Avenue. A parking garage is located directly across the street. Travers Park, Paseo Park, the shops and services along 37th Avenue, an extraordinary variety of restaurants, and Jackson Heights’ beloved year-round Sunday Greenmarket are all nearby.

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