1986 Ford F-150 pickup truck Photo: Ford By process of elimination, older used cars are becoming the purchase of last resort for bargain-hunting shoppers and those with subprime credit scores, analyst...
Tag: Affordability
Affordable, New Cars And Trucks — Even Some EVs — Still Exist; But Stay Small, And Bring Cash
2022 Ford Maverick 2L-EcoBoost AWD Lariat. Photo: Ford There are still some lower-priced new cars and trucks, including even some electric vehicles, on today’s high-priced market, with a desirable lev...
Fed Hikes May Put More Pressure On U.S. House Prices
Residential homes in Teaneck, New Jersey, US, on Thursday, Nov. 24, 2022. Real estate agents … [+] struggle to find listings as deals decline, mortgage rates remain high and signs point to leane...
Want To Know Where House Prices Are Heading In 2023? Watch Mortgage Rates
SAN FRANCISCO – JANUARY 30: A for sale sign is seen on a single family home January 30, 2008 in … [+] Vallejo, California. According to the California Association of Realtors in December s...
Dow Jones Dives On Jobless Claims, GDP; CarMax Plunges On ‘Vehicle Affordability Issues’
The Dow Jones Industrial Average dived more than 400 points Thursday in the wake of first-time jobless claims and another estimate for third-quarter gross domestic product. Chip stocks came under pres...
As mortgage rates decline for a fifth week, experts say the market has tipped ‘a bit further in favor of buyers’ despite continued ‘affordability hurdles’
‘A welcome development’: As mortgage rates decline for a fifth week, experts say the market has tipped ‘a bit further in favor of buyers’ despite continued ‘affordability hurdles’ Mortgage rates conti...
Are Grid Reliability And Fuel Affordability At Odds With Climate Goals?
CHICAGO, IL – JANUARY 07: Ice builds up along North Avenue Pier while temperatures hovered around … [+] zero degrees Fahrenheit on January 7, 2015 in Chicago, Illinois. Most of the city...
New- And Used-Car Supply Improves In 2023, But Affordability Still Tough, TransUnion Says
Plenty of open parking spaces in a storage lot for a car dealership in California. MediaNews Group via Getty Images Scarce new- and used-car inventory in 2022 should give way to slightly better availa...
What’s happening with the housing market? Mortgage rates, home prices and affordability
Potential buyers remained reluctant to take the plunge on financing a home purchase even as mortgage rates fell for the fourth straight week. Mortgage applications decreased 2% the week ending Dec. 2 ...
Tax Increases Won’t Lower Gas Prices At The Pump
SAN BRUNO, CALIFORNIA – OCTOBER 03: Gas prices over $6.00 a gallon are displayed Getty Images Governor Gavin Newsom believes California’s gas prices are too high. And he is correct. However, his...
Fertilizer prices ease but is affordability a thing of the past: A deep dive
One could argue that the history of mankind is really a history of food systems. Humanity has come a long way from the days of hunter-gatherers and foragers. In millennia gone by, settlements were hig...
UN says the global food crisis is about affordability, not availability
Food prices remain stubbornly high as Russia’s war in Ukraine drags on, exacerbating existing pressure from supply chain disruptions and climate change. The war has “put a lot of fuel on a...
Housing affordability plunges to lowest level since 2006. The property market’s ‘great slowdown’ is here, Bank of America says
A “great slowdown” is happening in the U.S. housing market, a new report from Bank of America says, as mortgage originations shrink and spending on household items softens. Amid weak home sales number...
Worried your retirement savings will run out? These 5 states offer both adventure and affordability
Worried your retirement savings will run out? These 5 states offer both adventure and affordability After working for decades, retirement should be all about relaxing and getting some well-earned peac...
Lennar Corp reports a strong Q2: ‘we’re focused on affordability’
Lennar Corporation (NYSE: LEN) is up 5.0% on Tuesday after the homebuilder reported solid results for its fiscal second quarter in the face of inflationary pressures. Executive chairman’s remark...
Mortgage Demand Plunges To 22-Year Low As ‘Worsening’ Affordability Deters Buyers—But Here’s Why Prices Will Still Rise
Topline Mortgage rates plummeted last week in the latest sign rising interest rates have started to temper demand in the booming housing market, but experts note plunging demand won’t quickly pu...
Home affordability has ‘collapsed’ in 2022. What to expect next, according to BofA
The double whammy of surging mortgage rates and skyrocketing home prices has led to “collapsed” housing affordability in America, according to Chris Flanagan’s team at BofA Global Research. The situat...
Rising Credit Costs, Transaction Prices Slamming Auto Affordability, EV Adoption
Thin inventory at dealer lot in suburban Detroit, Mich. Ed Garsten Monthly auto loan payments are at historic highs, transaction prices continue to climb and sticker prices are losing their relevance ...
Home affordability at 2007 bubble level but crash unlikely: Blackstone
A major Wall Street firm is drawing a striking parallel to the housing bubble. Blackstone’s Joe Zidle calls homes almost as unaffordable as the 2007 peak. Yet, he believes a crash is unlikely du...
Fisker Says It’s Targeting An Overlooked EV Feature: Affordability
The electric Fisker Ocean crossover goes into production at a Magna plant in Graz, Austria, in November 2022. Fisker Inc. Six months before Fisker Inc. starts delivering its first electric SUVs, CEO H...
Mortgage rates surge as home affordability nears record worst
A “For Sale” sign outside a home in Louisville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Mortgage rates just hit their highest level since 2009, and home prices are continuing to...
Temporary, Or ‘New Normal?’ Naturally, Dealers Prefer The Latter
A man browsing at a dealership in Alhambra, Calif. AFP via Getty Images It’s well documented the nation’s auto dealers have low supply and high demand working in their favor — but that’s not all deale...
New Home Sales Fell In February As Plunging Affordability Poses ‘Challenging Year’ For Housing Market
Topline New home sales unexpectedly fell last month to the lowest level since November, continuing a recent slowdown in the red-hot housing market, but economists aren’t convinced the decelerati...