Getty Images Key takeaways According to the National Association of Home Builders (NAHB), homebuilder sentiment has dropped for eight straight months High interest rates and rising construction costs ...
Tag: Housing
Mortgage Demand Falls To New 22-Year Low As Housing Market Fuels Recession Fears
Topline Despite falling mortgage rates providing some relief to potential home buyers, mortgage applications fell to the lowest level since the turn of the century last week—providing fresh evidence t...
Mortgage demand fell last week even as rates declined slightly
A For Sale sign is posted in front of a property in Monterey Park, California on August 16, 2022. Frederic J. Brown | AFP | Getty Images Mortgage rates fell slightly last week, but not enough to fuel ...
Homebuyers are backing out of more deals as recession fears linger
Rising costs and falling confidence in the U.S. economy are fast becoming a toxic cocktail for the housing market. As a result, a growing number of buyers are backing out of deals they’ve made w...
Housing Market Faces Growing Risk Of Multi-Year Collapse As New Home Construction Craters
Topline New housing starts unexpectedly plunged more than economists projected in July—and to the lowest level in more than a year—as home builders grappled with dwindling demand for new homes, and th...
US housing market faces instability as Google searches for ‘sell my house’ surge to a record high
Consumer confidence in the housing market has dropped significantly as sharply higher mortgage rates caused a pullback in home sales. Thus, more people are looking to sell their homes as internet sea...
‘Ticking time bomb’—China’s real estate bust deepens as housing prices fall for 11th straight month
If you’re worried about the price of, say, your Floridian beachfront property sliding, be thankful it’s not in China. That real estate market, which propelled China’s rapid growth ever since the 2008 ...
U.S. is in housing recession, homebuilders say
A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022. George Frey | Bloomberg | Getty Images Builder sentiment in the market for single-family home...
Walmart, Target, Cisco, Deere, Housing Data, and Other Things for Investors to Watch This Week
Text size Earnings season continues next week in what will be an action-packed stretch for retail stocks. Walmart and Home Depot report results on Tuesday, followed by Bath & Body Works , Lowe’s, ...
Tornado Cash, Mark Cuban, Housing Market
Welcome to the 80th Weekend Shift! What’s the deal? Over the weekend, we’ll update this post with some of the most interesting articles, podcasts, charts, and opinion pieces we’re too busy to write ab...
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...
The housing market is cracking and that will hammer Lowe’s, analyst warns
Lowe’s stock is getting nailed with a downgrade by analysts at Citi on fears that a rapid cooling in the housing market will hammer demand at the home improvement retailer. Citi analyst Steven Z...
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...
Low-Cost Housing Magnates Reap Windfall From Surging Demand For Affordable Homes In The Philippines
This story appears in the August 2022 issue of Forbes Asia. Subscribe to Forbes Asia NA This story is part of Forbes’ coverage of Philippines’ Richest 2022. See the full list here. Low-cost housing ma...
Wild swings in mortgage rates last week caused a rare surge in refinancing
An “Open House” sign at the Saratoga Homes Glendale Lakes community development in Arcola, Texas, on Tuesday, July 12, 2022. Mark Felix | Bloomberg | Getty Images After dropping at the end...
Consumer confidence in housing market hits lowest in over a decade
A sign stands outside an upscale home for sale in the Lake Pointe Subdivision of Austin, Texas. Ed Lallo | Bloomberg | Getty Images Consumer confidence in the housing market dropped to the lowest leve...
Climate change is making some homes too costly to insure
Firefighters pull up to a burning house during the Kincade fire in Healdsburg, California, on Oct. 27, 2019. Josh Edelson | Afp | Getty Images As climate change threatens the U.S. with more natural di...
The billionaire famous for his early investment in Facebook wants America to build again—just not housing in his backyard
In 2020, when the pandemic was going strong, billionaire Marc Andreessen turned heads by publishing an essay on his company website titled “It’s Time to Build.” “I expect this essay to be the target o...
Higher housing costs force more pet owners to surrender their dogs
Lisa Spillman can’t imagine life without her dog, an 8-year-old chihuahua mix named Rosebud. But she says her household expenses were getting tough to handle. “Everything – rent, groceries...
Is the economy in a recession? Top economists weigh in
‘We should have an objective definition’ Officially, the NBER defines a recession as “a significant decline in economic activity that is spread across the economy and lasts more than...
2020 changed economy in ways we can’t understand yet
National Guard troops pose for photographers on the East Front of the U.S. Capitol the day after the House of Representatives voted to impeach President Donald Trump for the second time January 14, 20...
Cash For Housing Better Than More Building Alone
Freeing housing production from regulation and providing fast cash transfers for housing is the best … [+] way to solve housing price problems in the United States. getty Two years after the fir...
The housing market correction takes an unexpected turn
The Federal Reserve has a simple inflation-fighting playbook. It goes like this: Keep applying upward pressure on interest rates until business and consumer spending across the economy weakens and inf...
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...
Home prices cooled at record pace in June, according to housing data firm
A sign is posted in front of a home for sale on July 14, 2022 in San Francisco, California. The number of homes for sale in the U.S. increased by 2 percent in June for the first time since 2019. Justi...
Latest tumble a sign of hope amid jumbled-up housing market
‘It’s possible that mortgage rates have topped off’: Latest tumble a sign of hope amid jumbled-up housing market After climbing for two weeks, U.S. mortgage rates have fallen as borrowing costs ...
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...