Topline As fears of inflation push mortgage rates back toward multi-decade highs, economists are warning the resurgence in borrowing costs will deal another blow to the precarious housing market, driv...
Tag: housing market
Home Builder Confidence Jumps For First Time In 12 Months — As Housing Market ‘Turning Point’ May Be Here
Topline Home builder sentiment climbed in January for the first time since December 2021, according to the National Association of Home Builders, a welcome bright spot for the otherwise bleak housing ...
Is Housing Inflation Slowing Down? Trends To Look For In 2023
| Newsday via Getty Images Key Takeaways Many factors contributed to the rapid rise in home and rent prices over the past few years. Because of the long process from building to selling homes, it take...
How To Save Money For A House In Today’s Market
| Getty Images Key Takeaways Bringing in additional income is one of the best ways to save quickly for a down payment. Paying down debt not only frees up money every month going forward, but it can al...
Home Sales Plunge To Great Recession Levels As ‘Frozen’ Housing Market Adjusts To Elevated Mortgage Rates
Topline Existing home sales fell in November for a record 10th-consecutive month, according to data released Wednesday by the National Association of Realtors, as the housing market continues to be on...
Housing Recovery Forecast For 2024 As Homebuilder Sentiment Falls Again
(Photo by Justin Sullivan/Getty Images) Getty Images Key Takeaways Confidence from homebuilders has now fallen every month for a year, hitting levels not seen since 2012, according to the National Ass...
Recession Threatens ‘Unprecedented’ Manufacturing Slowdown Dragging Into Next Year
Topline Growing evidence emerged this week that the Federal Reserve’s interest rate hikes, which have already caused a sudden collapse in the formerly red-hot housing market, have fueled an unpr...
Where Will Prices Drop? And Why?
| Getty Images Key Takeaways Morgan Stanley has predicted a 10% drop in housing prices from June 2022 to 2024. This is juxtaposed with the 45% pricing increase the U.S. housing market saw between Dece...
Mortgage Demand Down Up To 88% From This Time Last Year
Nov. 17. (AP Photo/Nam Y. Huh) Copyright 2022 The Associated Press. All rights reserved. Key Takeaways Mortgage refinance applications are down 88% since this time last year, with new mortgage applica...
What’s The Outlook For The Housing Market?
(Photo by David McNew/Getty Images) Getty Images Key Takeaways Housing sales have fallen for the ninth consecutive month, with transactions down 28.4% compared to this time last year. Average prices h...
Housing Market Predictions For The Next 5 Years. What Return Can You Expect?
(Photo by Tim Boyle/Getty Images) Getty Images Key Takeaways The housing market is a hot topic right now, and after experiencing rapid growth over the pandemic years it looks to now be slowing down. E...
Evidence Builds For Painful Housing Recession
How bad will the U.S. housing market get? (Photo by David Paul Morris/Getty Images) Getty Images Housing market sentiment is at lows we haven’t seen since the 1980s. Inventory metrics are moving in th...
Fed Chair Calls Housing Market “Very Overheated”
Fed chair Jerome Powell, sees that the U.S. housing market is under stress and thinks that may be … [+] necessary for the economy. (Photo by Tim Boyle/Getty Images) Getty Images Jerome Powell sa...
As House Prices Start To Moderate, How Bad Could It Get?
SAN RAFAEL, CA – MAY 24: House prices are starting to decline. What’s the outlook for house prices … [+] in the U.S.? (Photo by Justin Sullivan/Getty Images) Getty Images There is no...
Mortgage Rate Moves Are Independent And Can Turn Quickly
Unlike a security investment, real life is tied to a home purchase getty The fast 4% mortgage rate climb to 7% has sparked worries about the housing market. However, the residential real estate market...
Could A Housing Recession Be On The Horizon?
Getty Images Key takeaways A slew of housing reports this week have furthered speculation that a mild housing market recession could be on the horizon NAHB data shows that builder confidence in the ne...
What Investors Need To Know As Interest Rates Rise
| Getty Images Key Takeaways Current mortgage rates are around 7.05%, close to the highest since 2008. Rates are expected to climb as the Federal Reserve increases the federal funds rate. Each housing...
Collapse Threatens Spillover Effects In These Major Industries
Topline As home sales tumble to the lowest level in years a rash of industries tied to the housing market are starting to show signs of deterioration, with home builders, appliance-makers and some ret...
Mortgage Rates Are Closing In On 7%, Signaling Risk Of House Price Declines
MIAMI – JUNE 23: (Photo by Joe Raedle/Getty Images) Getty Images For much of last year you could get a 30-year mortgage at around a 3% rate. Now mortgage costs are closing in on 7%. That’s a dra...
Housing Market Volatility Flashes ‘Early Signs’ Of Recession As New Home Sales Unexpectedly Surge
Topline New home sales unexpectedly surged much more than economists projected in August even though same-day data showed prices collapsing due to a dearth in demand—fueling volatility that some exper...
Fed Hikes Rates By 75 Basis Points—Here’s Why It’s Not All Doom And Gloom For Investors
Near-term risks remain high, but investors who stay focused on the long-term have historically been rewarded. Manuel Balce Ceneta/Associated Press In a widely expected move on Wednesday, the Federal R...
Despite Mortgage Rates, You Should Buy a House Right Now
You can’t time the housing market. That statement, on the surface, seems like it’s wrong, but over 50 years of sales data suggest broadly that the right time to buy a house is always now. ...
Housing Market Stocks And Trends For Q4 2022
| Getty Images Key Takeaways The housing market is slowing down after a long, hot run, partly as a result of recent changes put forth by the Federal Reserve. As inflation soars, the Fed will likely co...
As Mortgages Spike Dramatically, Should We Expect A House Price Crash?
PARK RIDGE, IL – JULY 27: What’s does current data suggest about the U.S. housing market? (Photo by … [+] Tim Boyle/Getty Images) Getty Images While the U.S. flirts with recession, o...
What Are the Best States for Retirement in 2022?
So many factors go into the decision of not only when and where to retire. Some people are limited by the places where their savings will stretch the farthest while others want to be by the sea at any...