Mark Kiesel is thinking of selling his California home and becoming a renter. Families looking to buy a home make want to take heed. Kiesel, who serves as global credit chief investment officer at Pim...
Tag: home sales
Home Prices Surged to a Record as Sales Fell. What’s Cooling the Hot Housing Market.
Text size The rising cost of buying a home has weighed on buyers as mortgage rates have increased. Brandon Bell/Getty Images Existing-home sales fell in March fell as home prices climbed to their high...
4 housing market predictions for 2022, from economists and real estate pros
We asked home and mortgage experts and economists what they predict will happen this spring. Getty Images/iStockphoto We asked home and mortgage experts and economists what they predict will happen in...
Decade-High Mortgage Rates Pose Threat to Spring Housing Market
U.S. housing sales are heating up again this spring, but the highest mortgage rates in more than a decade threaten to cool the sales pace that has gripped the market for nearly two years. Home sales r...
Why Housing May Not Get as Hammered as Usual in This Rate Hike Cycle
Traditional home buyers are sure to be pinched by rising mortgage rates, but better-financed investors could keep prices rising. Here, a home for sale in Houston last summer. Brandon Bell/Getty Images...
Weekend reads: the slowing housing market and inverted yield curve signal a coming recession
It is human nature to fear missing out as prices skyrocket, But all bubbles burst eventually. Ian Shepherdson of Pantheon Macroeconomics predicts a 25% decline in U.S. home sales. What will that do to...
‘Reduced competition.’ 5 predictions for the housing market in 2022, from economists and real estate pros
We’ve already seen rates rise in the early months of 2022, and some pros say that will continue. Getty Images Aspiring home buyers may have watched as mortgage rates in recent months rose (though to b...
Elon Musk Has Sold Seven Homes for Nearly $130 Million After Vowing to ‘Own No House’
It’s been almost two years since Elon Musk announced a plan to sell nearly all of his physical possessions, including his real estate, by tweeting “Will own no house” on May 1, 2020. The billionaire T...
Homeowners hold record equity. What to know if you want to borrow
New homes under construction by CastleRock Communities in Kyle, Texas, in November 2021. Matthew Busch | Bloomberg | Getty Images Record increases in home prices are also pushing up the amount of equi...
Opinion: Should you add residential real estate to your retirement portfolio?
Is there a way to invest in residential real estate as an asset class? It’s a timely question since, as I pointed out last week, residential real estate can play an important role in reducing the prob...
Forget About Inflation. Contrarians Expect a Recession and a Drop in Bond Yields.
“Something that everyone knows isn’t worth knowing,” as the famed financier Bernard Baruch once observed. And so I was reminded by a long discourse in the New York Times this past week on why bond yie...
Housing Market Is the Fed’s Frankenstein, and It Won’t Be Easily Tamed
Fed chief Jerome Powell says there is an ‘element of uncertainty around the balance sheet’ and the central bank’s plans to shrink it from the pandemic-inflated $9 trillion at which it now stands. Grae...
A Rising Misery Index Points to Four Rate Increases in 2022
Now, in the winter of our discontent, it shouldn’t be surprising that the Misery Index has made a comeback. Those of a certain age will recall it was a measure conceived in the 1960s by the economist ...
Roaring U.S. housing market may cool, keep climbing as Fed ends emergency support
U.S. home prices roared almost 20% higher in the past year, giving families who own properties a major boost to their finances during the pandemic. But Wall Street, a key source of home mortgage finan...
Mortgage Rates Surge. The Pandemic’s Ultralow Rates Are Over.
Text size The average rate of a 30-year fixed-rate mortgage was 3.45% this week. Brandon Bell/Getty Images Mortgage rates climbed to their highest point since March 2020, according to data released Th...
Opinion: There’s a big hole in the Fed’s theory of inflation—incomes are falling at a record 10.9% rate
The most concerning thing about Thursday’s report on U.S. gross domestic product for the first quarter wasn’t that the first line of the first table showed that real GDP fell at a 1.4% annual rate. It...