People wait to visit a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images Mortgage rates dropped for the second week in a row, but that didn’t ...
Tag: Housing
Federal Housing Policies Make It Easier To Get A Loan But Not Be A Homeowner
Investment risk and uncertainty in the real estate housing market getty Last week I testified at the House Financial Services Committee hearing Boom and Bust: Inequality, Homeownership, and the Long-T...
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...
Home sellers are realizing it’s no longer their housing market
The housing market has rapidly changed. Sellers, once in the driver’s seat at the start of the year, are much more accommodating to complete a home sale as borrowing costs skyrocket for buyers. A grow...
What Does San Francisco’s Recall Mean For Housing?
SAN FRANCISCO, CALIFORNIA – JUNE 07: San Francisco District Attorney Chesa Boudin pauses as he … [+] speaks to supporters during an election-night event on June 07, 2022 in San Francisco, ...
Should I wait for real estate prices to crash before I buy a house? Here are 3 simple reasons why this housing downturn is nothing like 2008
Should I wait for real estate prices to crash before I buy a house? Here are 3 simple reasons why this housing downturn is nothing like 2008 Two years in, this decade has already brought a global pand...
How to save money on summer cooling bills as energy prices rise
A pedestrian uses an umbrella to get some relief from the sun as she walks past a sign displaying the temperature on June 20, 2017 in Phoenix, Arizona. Ralph Freso | Getty Images Tips for efficient en...
Blackstone dealt legal setback after $5bn low-income housing deal
Blackstone has suffered a legal setback in a dispute with housing non-profits that are trying to seize some of the apartment buildings it bought for $5.1bn from AIG last year. The world’s biggest priv...
Mortgage demand stalls again, even as interest rates swing briefly lower
After rising steadily for three weeks, mortgage rates dipped slightly last week, prompting a small increase in refinance activity. Activity from homebuyers, however, pulled back further, leaving total...
Stocks Are In A Bear Market, Is A Housing Crash To Follow?
Getty Images Key takeaways Data from the National Association of Realtors shows that home prices are up 37% since March 2020 Meanwhile, total home sales are down 8.6% year-over-year and 3.4% month-ove...
Home price increases slowed slightly in April, says S&P Case-Shiller
People walk into a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images Home price increases slowed ever so slightly in April, but it is the first pote...
Hottest US Housing Markets Now Have Bigger Share of Price Cuts
(Bloomberg) — US cities that saw some of the biggest jumps in home prices during the pandemic now have the largest shares of price cuts, according to data compiled by Zillow Group Inc. Most Read...
Pending home sales post surprise increase in May
A house’s real estate for sale sign shows the home as being “Under Contract” in Washington, DC. Saul Loeb | AFP | Getty Images Pending home sales, a measure of signed contracts on ex...
Pending Home Sales See Surprise Rebound In May, But Experts Warn Housing Market Is ‘Undergoing A Transition’
Topline A leading indicator for housing market activity—pending home sales—unexpectedly jumped in May and reversed six straight months of declines, according to new data from the National Association ...
Best and Worst Spots in the U.S. Housing Market, According to Lennar
Elias Stein Text size Jersey and Florida are hot. Austin and Seattle are not. On Tuesday, home builder Lennar ’s co-CEO Richard Beckwitt on an earnings call provided a tour of U.S. housing markets. “S...
New Home Sales Unexpectedly Rise But Housing Market Still ‘Cratering’—Here’s When Experts Predict Prices Will Fall
Topline New home sales unexpectedly broke a four-month streak of losses and climbed more than economists projected in May, according to data released Friday, but experts note the reprieve may not last...
Bowman backs steep rate hikes and wants to ‘get the Fed out’ of housing market
Federal Reserve Gov. Michelle Bowman said she supports an aggressive series of interest-rate increases to try to tame inflation and eventually wants the central bank to stop intervening in the U.S. ho...
Here’s why the U.S. housing crisis could be around the corner
Following the home builder stocks drop on June 16, softening demand seems to be pushing the housing market into a downturn. Meanwhile, the Federal Reserve (Fed) is battling raging inflation by aggress...
JPMorgan Lays Off Home Lending Employees As Housing Market Cools
Topline JPMorgan Chase—the nation’s largest bank—laid off hundreds of home lending employees Wednesday, Bloomberg reported, as rising mortgage rates and increased inflation continue to cool a once-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...
Demand for adjustable-rate mortgages surges, as interest rates jump
Mortgage applications to purchase a home rose 8% last week compared with the previous week, bolstered in part by demand for adjustable-rate mortgages, according to the Mortgage Bankers AssociationR...
I’m the COO of a mortgage company that’s funded more than $100 billion in loans. Here are the 3 things you need to know about the housing market now
Steve Reich Mortgage rates climbed above 6% last week, according to Bankrate data, with some pros saying they may go higher. (You can see the lowest mortgage rates you may qualify for here.) On top of...
Half of Provo home-sellers just slashed their asking price—these 19 housing markets aren’t far behind
Even in a hot housing market, it’s commonplace for some sellers to cut their list price. A seller might decide they want to test the market’s limits only to learn they got a bit too greedy...
The 7 Worst Housing Markets in America, According to Lennar
Text size Rising mortgage rates are dragging on the housing market. Justin Sullivan/Getty Images Jersey and Florida are hot. Housing in Austin and Seattle is not, according to the co-CEO of the U.S.’s...
Lennar Starts Cutting Prices in Cooling US Housing Market
(Bloomberg) — Lennar Corp. has started trimming prices and offering buyer incentives in some areas of the US to bolster sales in a cooling housing market. Most Read from Bloomberg Rapidly rising...
HOM-NFTs: Proceeds from world housing to fund 3D printed homes for homeless families
HOM DAO has announced that they will be dropping the WORLD HOUSING 3D HOM-NFT COLLECTION, on June 20, 2022. The goal of the initiative is to raise $3,000,000 USD which will fund the development of 3D-...
Sales of existing homes fell in May, and more declines are expected
Sales of existing homes in May dropped 3.4% to a seasonally adjusted annualized rate of 5.41 million units, according to the National Association of Realtors. Sales were 8.6% lower than in May 2021. A...
Here’s why this housing downturn is nothing like the last one
As quickly as mortgage rates are rising, the once red-hot housing market is cooling off. Home prices are still historically high, but there is concern now that they will ease up as well. All of this h...
Existing Home Prices Hit Record $402,000—But Sales Fall As Housing Market ‘Painfully’ Adjusts To Rising Rates
Topline Existing home sales fell for the fourth-straight month in May in the latest sign rising rates have stunted sales in the housing market—but prices still hit a record high above $400,000 in May ...