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...
Tag: Housing Prices Figures
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...
I’m the director of forecasting for the National Association of Realtors. Here are 6 things you should know about the housing market now
As part of our series where we ask prominent economists and real estate pros their take on the housing market now, we talked to Nadia Evangelou, senior economist and director of forecasting at the Nat...
Biden Administration Weighs Move to Trim Mortgage Costs as Home Prices Rise
WASHINGTON—The Biden administration is weighing a move to trim mortgage costs for first-time and lower-income buyers, a bid to boost affordability when average home prices are at an all-time high. Pre...
Home Prices Could Level Out in 2023, Redfin Says. What Could Make Them Drop.
Text size The median home sale price was 14% higher for the four-week period ending June 26 from a year earlier, Redfin said. Joe Raedle/Getty Images As the housing market cools down from its red-hot ...
The U.S. housing market is teetering on recession. Will the economy soon follow?
The last time the housing market suffered a major meltdown in 2006, it took the entire U.S. economy with it. But history never follows the exact same script twice. The weakening housing market is undo...
Home affordability has ‘collapsed’ in 2022. What to expect next, according to BofA
The double whammy of surging mortgage rates and skyrocketing home prices has led to “collapsed” housing affordability in America, according to Chris Flanagan’s team at BofA Global Research. The situat...
U.S. home prices rise at new record rate, Case-Shiller shows
The numbers: U.S. home prices rose again in March even as higher mortgage rates began to bite, leaving prices at all-time highs. The S&P CoreLogic Case-Shiller 20-city price index was up a record ...
New home sales plunge as high prices and rising U.S. mortgage rates discourage buyers
The numbers: Sales of new homes in the U.S. fell in April for the fourth month in a row to the lowest level since the pandemic owing to high prices and soaring mortgage rates. New sales slowed to a 59...
‘It’s unlikely home prices will plummet.’ 5 pros predict home prices in 2022
Will home prices fall? Getty Images Gone are the uber-low mortgage rates of 2021. Indeed, average 30-year-fixed mortgage rates have risen from roughly 3.5% to about 5.6% this year, and pros say they e...
Out of 100 housing markets in America, this is the least overpriced, study finds
Baltimore is the least overvalued housing market, new study reveals. Getty Images Housing prices have risen rapidly in the past year, even as mortgage rates are on the rise with pros saying they will ...
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...
‘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...
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...
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...
Hot Housing Market Keeps Home Foreclosures at Bay
The U.S. moratorium on home foreclosures ended nearly a year ago, but the sizzling housing market is still protecting many delinquent mortgage borrowers from losing their homes. The pandemic that wipe...