The numbers: U.S. mortgage rates continue to climb, adding hundreds of dollars in costs to potential homeowners. The increase in mortgage rates followed the Federal Reserve hiking interest rates again...
Tag: housing affordability figures
These are the 10 major housing markets that just saw the biggest declines in home equity
Plus, what to know if you’re thinking about taking out a HELOC. Getty Images/iStockphoto As home prices soared in recent years, homeowners enjoyed record levels of tappable home equity, which is the a...
‘Vulnerable time for the housing market’: Mortgage rates are now double what they were a year ago, and will weigh on house prices
The 30-year fixed-rate mortgage averaged 5.66% as of Sept. 1, according to data released Thursday by Freddie Mac. That’s up 11 basis points from the previous week — one basis point is equal to one hun...
China’s Property Market Has Slid Into Severe Depression, Real-Estate Giant Says
Listen to article (1 minute) One of China’s largest developers said the country’s property market has tumbled into a severe depression, using some of the strongest language yet to describe the yearlon...
‘It’s a remarkably uncertain time’: Redfin CEO warns of rapidly cooling housing market — says deals under contract are being cancelled
After a stellar two-year run, the housing market is sputtering as buyers pull back sharply. One real-estate chief said the market is indeed course-correcting, and it’s getting hard to make a deal as m...
July existing-home sales fall for the sixth straight month, realtors see ‘housing recession’
The numbers: U.S. existing-home sales fell 5.9% to a seasonally adjusted annual rate of 4.81 million in July, the National Association of Realtors said Wednesday. This is the sixth straight monthly de...
U.S. Home Prices Jumped to Record High in Second Quarter
Home prices continued to climb across nearly all the U.S. in the second quarter, when buyer demand started to fade due to higher mortgage rates but still exceeded the housing market’s unusually low su...
Why home prices can stay high, complicating the Fed’s battle against inflation
Sky-high housing prices still threaten to complicate the Federal Reserve’s inflation fight, even as America’s market for single-family homes shows signs of cooling in response to sharply higher intere...
I’m the chief economist of a mortgage firm that has funded more than $100 billion in loans. These are 3 things to know about the housing market now.
Cameron Findlay As home prices and mortgage rates march upwards, and housing inventory remains seriously constrained, many buyers are wondering: Should I buy? And if I want to buy, what do I need to k...
‘Continuing home price deceleration.’ Here’s what 5 economists and real estate pros predict will happen to the housing market this year
What will happen in the housing market this year? Getty Images When will home price growth really slow down? Will mortgage rates continue their upward climb? What do I need to know if I’m trying to bu...
China Home Sales Plunge in July, as Mortgage Revolt Deters Buyers
A nascent two-month recovery in China’s home sales ended in July, as a widespread mortgage revolt over concerns that ailing property developers wouldn’t be able to deliver still-unfinished apartments ...
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...
Toys Are Staples, Making Mattel a Buy in a Recession, Says Analyst
Shares of Mattel rose this past Monday, but fell for the week, after an upgrade from Goldman Sachs analyst Michael Ng, who argued that the toy maker had the ability to navigate economic uncertainties....
The 15 housing markets in America that are now actually more affordable than they were in 2005
“Worsening affordability appears to be having an impact on demand, which could lead to prices plateauing or even correcting modestly in some markets,” one pro told MarketWatch Picks. Getty Images/iSto...
Home builders cut prices and slow construction as buyers pull back, survey shows
Home builders are feeling jittery. That’s according to a June survey of home builder sentiment by John Burns Real Estate Consulting. Demand for new homes is cooling as buyers cancel orders, and builde...
Home prices may still rise, but car values are set to fall from pandemic peak: Goldman
Homes and vehicles are two big-ticket items that most American families will require financing to obtain. There’s some good news — and bad news — when looking at both assets in the next two years, acc...
Home Prices Will Drop Soon, Capital Economics Says. Here’s What to Expect.
Text size Rising interest rates are expected to douse a red-hot housing market. Stefani Reynolds/AFP via Getty Images Home prices in nations such as Canada, Australia, and the U.S. are on the verge of...
Here’s how far house prices are set to fall as rates go up, according to this forecasting firm
Stocks are veering south post holiday, following earlier optimism over reports President Joe Biden may lower tariffs on some Chinese goods to help ease the inflation sting. There isn’t much to explain...
Home values in August saw their largest monthly decline since 2011. Some cities see house prices drop by 3%.
Home values are edging down as buyers remain spooked by high mortgage rates, according to a new report. The typical value of a home in the U.S. fell 0.3% in August from the previous month, according t...