‘I think we’re in the final innings.’ Pimco’s Kiesel thinks the housing market has hit its top

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...

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...

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...

This is where property taxes increased the most last year — it’s not in California or New York

Today’s home buyers could be in for a shock when the tax man comes calling. In 2021, around $328 billion in property taxes were imposed on single-family homes across the country, according to a new re...

This is exactly how much income homebuyers are bringing to the bargaining table

How much income do homebuyers usually come to the table with? Getty Images/iStockphoto The median household income in America is about $68,000, according to the Census Bureau — but that may not be eno...

As Mortgage Rates Rise, Home Sellers Fear Time Is Running Out to Cash In

Blood pressure is now rising along with home prices and mortgage rates as homeowners fear missing out on the right moment to stake the “For Sale” sign in the front yard. The mood among sellers seems t...

Home Builders Are the Cheapest Stocks Around. Is It Time to Buy?

Construction workers on a Toll Brothers home in Boca Raton, Fla. Toll and other home builders currently trade near book value. Joe Raedle/Getty Images Text size The housing market is still robust, but...

Is the Housing Market Going to Crash? With Rising Mortgage Rates and Sky-high Home Prices, First-Time Buyers Are Being Locked Out

When Kellie Stofko and her fiancé, Liam McRae, started house hunting last August, it was with the vision of trading their 800-square-foot Atlanta apartment for a roomier home of their own in time for ...

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...

New home sales decline, surprising analysts, even though the inventory of properties for sale has hit the highest level since 2008

The numbers: U.S. new-home sales decreased 2% to an annual rate of 772,000 in February, the government said Wednesday. That figure represents the number of homes that would be sold over a yearlong per...

‘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...

Buying your first home? Here’s what you need to know

Paul Bradbury | OJO Images | Getty Images First-time home buyers have a steep learning curve, from understanding true affordability and how to qualify for a mortgage to managing their cash flow after ...

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...

Mortgage rates fall amid geopolitical uncertainty. How the Russia-Ukraine crisis could impact home buyers — and interest rates

Home buyers are seeing temporary relief from rising interest rates as markets react to Russia’s invasion of Ukraine. But in the longer term, inflation remains a serious concern. The 30-year fixed-rate...

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...

Bad news for home buyers: Mortgage rates have soared to their highest levels since March 2020

Interest rates are surging on the heels of data showing a concerning outlook for inflation — and home buyers are set to pay the price. The 30-year fixed-rate mortgage averaged 3.45% for the week endin...

Is it time to fight the Fed? This veteran strategist says the central bank won’t risk a 20% drop in house prices and a 30% slide in stocks.

The bond bears have been in ascendance this week, even before the release of the latest minutes from the last Federal Open Market Committee meeting. The yield on the 10-year Treasury has jumped 23.7 b...