(Bloomberg) — Former UBS Group AG economist Jonathan Anderson once called it “the most important sector in the universe.” Most Read from Bloomberg More than a decade on, Chinese property is agai...
Tag: homebuyers
US homebuyers are backing out of deals at the highest rate since the start of the pandemic — here’s what that means for real estate
Seller beware: US homebuyers are backing out of deals at the highest rate since the start of the pandemic — here’s what that means for real estate As a well-known inflation-proof asset, real estate ha...
Chinese Homebuyers Across 22 Cities Refuse to Pay Mortgages
(Bloomberg) — Across China, homebuyers are refusing to pay mortgages as property developers drag on construction projects, escalating the country’s real estate crisis and risks of bad debt for b...
Homebuyers are canceling deals at highest rate since start of Covid
A ‘for sale’ sign hangs in front of a home on June 21, 2022 in Miami, Florida. According to the National Association of Realtors, sales of existing homes dropped 3.4% to a seasonally adjus...
Mortgage Rates Fall Again, Home Price Growth Cools, Roe V. Wade Influences Homebuyers
This week in the housing world, mortgage rates declined for the second consecutive week as home price growth slowed, the level of mortgage delinquencies remained low and the Roe v. Wade controversy pe...
Falling mortgage rates have homebuyers so emboldened they’re asking sellers for cash
‘How quickly the tables have turned’: Falling mortgage rates have homebuyers so emboldened they’re asking sellers for cash After a string of steady increases, mortgage rates fell this week — a mixed b...
Rising mortgage rates slam the gate shut on hopeful homebuyers
‘Not pretty’: Rising mortgage rates slam the gate shut on hopeful homebuyers U.S. mortgage rates moved back up in anticipation of next week’s Federal Reserve meeting, where policymakers are expected t...
Mortgage rates back up again and homebuyers call it quits
Mortgage rates are back up again this week after three straight weeks of declines. The rate on the 30-year fixed rate mortgage hit 5.23%, up from 5.09% last week, according to Freddie Mac, tracking th...
Mortgage rates fall a third week in a row as housing market tilts in homebuyers’ favor
Mortgage rates fall a third week in a row as housing market tilts in homebuyers’ favor Mortgage rates fell again this week amid relentless inflation and persistent doubt around the health of the U.S. ...
Weekly mortgage demand from homebuyers tumbles 12%
A sign of a home for sale is pictured in Alhambra, California on May 4, 2022. Frederic J. Brown | AFP | Getty Images Mortgage rates actually fell slightly last week, but the damage has already been do...
Mortgage rates pause their rapid ascent, but homebuyers remain discouraged
The rapid rise in mortgage rates finally paused this week, but the increase in borrowing costs since the start of the year have already dampened homebuyer activity. The average rate on the 30-year fix...
U.S. Homebuyers Are Getting Discouraged by Rising Rates and Prices
(Bloomberg) — Potential homebuyers are getting discouraged by rising mortgage rates and home prices, according to a survey released on Monday by the New York Federal Reserve. Most Read from Bloo...
As mortgage rates climb, one big thing homebuyers should consider doing now
Is a mortgage rate lock right for you? Getty Images Mortgage rates will likely rise throughout 2022, many experts predict. Indeed, both Holden Lewis, home and mortgage expert at Nerdwallet, and Jeff O...
Homebuyers hit with another blow as mortgage rates soar 24% in March
Mortgage rates rose at a record pace in March after the Federal Reserve raised its benchmark interest rate for the first time since 2018 in hopes of cooling rising inflation. The average rate for a 30...
Homebuyers ‘should move faster’ amid soaring prices
The years-long hot housing market has shown signs of cooling off. Mortgage rates over a weeklong period earlier this month topped 4% for the first time in three years — and the rise will likely contin...
Lock it in! Homebuyers scramble to secure low mortgage rates before more hikes come
This week’s more than quarter-point jump in mortgage rates is sending a dire message to homebuyers and owners: Time is running out. Weary buyers already facing the worst affordability conditions...
Homebuyers again confront ‘an abnormal’ housing market with many obstacles
Less than a month before the traditional home-selling season begins, buyers again face a brutal housing market. Too little inventory for sale, lofty price, and now rising mortgage rates have created a...
Fed’s biggest rate hike since 1994 means millions more homebuyers may be priced out of the housing market
Pity those first-time house buyers. On Wednesday, the U.S. Federal Reserve raised the benchmark interest rate by 75 basis points to a 1.5% to 1.75% range, the biggest increase since 1994 as it tries t...