Houses in Hercules, California, US, on Tuesday, May 31, 2022. Homebuyers are facing a worsening affordability situation with mortgage rates hovering around the highest levels in more than a decade. Da...
Tag: Housing
What Are Good Housing Policies
Roman marble relief of Aeneas and his son Ascanius. On his right is the ship which brought him from … [+] Troy, and on the left is the sow which told him where to found Lavinium, the precursor c...
Mortgage rates fall a third week in a row as housing market tilts in homebuyers’ favor
Mortgage rates fall a third week in a row as housing market tilts in homebuyers’ favor Mortgage rates fell again this week amid relentless inflation and persistent doubt around the health of the U.S. ...
Tycoons Gordon Tang’s SingHaiyi, Wee Cho Yaw’s UOL Offer Top Bids For Singapore Housing Plots
Singapore’s skyline during sunrise. getty SingHaiyi Group—controlled by Chinese tycoon Gordon Tang and his wife Celine—and banking and real estate billionaire Wee Cho Yaw’s UOL Group submitted t...
Mortgage rates rise sharply after three weeks of easing
A “For Sale” sign outside a house in Crockett, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Mortgage rates rose sharply this week, after pulling back ...
Mortgage demand falls to lowest level since 2018, even as interest rates ease
A single family home is shown for sale in Encinitas, California. Mike Blake | Reuters Mortgage demand slipped to the lowest level since December 2018, even after rates declined slightly last week. App...
Home prices surged in March as interest rates also rose: S&P Case-Shiller
A sold sign sits outside a home. Adam Jeffery | CNBC Rising mortgage rates did not slow down rising home prices in March. Nationally, home prices were 20.6% higher than they were in March 2021, accor...
Housing Market Boom ‘Is Over’ As New Home Sales Implode–Here’s What To Expect From Prices This Year
Topline New home sales unexpectedly plunged much more than economists projected—and for the fourth consecutive month—in April, according to data released Tuesday, adding to signs that the once booming...
Sales of newly built homes fall 16% in April as prices soar
Sales of newly built homes dropped 16.6% in April from March, far more than expected, and were down 26.9% from April 2021, according to the U.S. Census. The annualized rate came in at 591,000 units, s...
Firms to watch with housing shortage set to benefit homebuilder stocks
Ariel Skelley | Digitalvision | Getty Images The double whammy of a declining stock market and rising interest rates has been pummeling homebuilder stocks this year, resulting in rock-bottom valuation...
Slowdown ahead for UK housing market
The runaway house price growth of the past two years is set to slow as the wider economy braces for a period of stagflation, according to housing economists and analysts. Warning lights have flashed a...
The odds of a home price correction just spiked—this interactive chart shows if your local housing market is at risk
There’s no way around it: if the Federal Reserve is going to get runaway inflation back under control, it’s going to cause some economic damage along the way. The central bank has already ...
Brown Harris Stevens CEO calls real estate reality TV ‘horrible’
A customer looks at listings on display outside a Brown Harris Stevens offices in New York. Brendan McDermid | Reuters The rise of reality TV shows featuring real estate has been “horrible”...
Jeff Bezos Increases His Bet On The Single-Family Housing Market
The billionaire founder of Amazon.com, Inc. (NASDAQ: AMZN) Jeff Bezos just made his second investment in the real estate investment platform Arrived Homes during the company’s $25 million Series...
How relocating Americans created new inflation hot spots
Americans moved around a lot over the past two years, and those destinations also now happen to have the highest inflation rates in the U.S. “We saw right away that inflation was highest in Phoe...
Is the Housing Market Slowing Down? Takeaways From Real Estate Earnings.
Several housing metrics due this week are expected to show signs of a slowdown. That sentiment has also been echoed in recent comments from real estate technology companies on earnings calls. Affordab...
Weekly mortgage demand from homebuyers tumbles 12%
A sign of a home for sale is pictured in Alhambra, California on May 4, 2022. Frederic J. Brown | AFP | Getty Images Mortgage rates actually fell slightly last week, but the damage has already been do...
Homebuilder sentiment falls to 2-year low on declining demand, rising costs
Contractors work on concrete slabs in the Cielo at Sand Creek by Century Communities housing development in Antioch, California, on Thursday, March 31, 2022. David Paul Morris | Bloomberg | Getty Imag...
Home affordability at 2007 bubble level but crash unlikely: Blackstone
A major Wall Street firm is drawing a striking parallel to the housing bubble. Blackstone’s Joe Zidle calls homes almost as unaffordable as the 2007 peak. Yet, he believes a crash is unlikely du...
3 economists predict when competition in the housing market will decline
When will you see competition decrease in the housing market? Getty Images Mortgage rates on 30-year fixed rate loans have climbed from about 3.5% earlier this year to upwards of 5.6%, and pros say th...
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 ...
Why the UK economy is one of the most vulnerable right now
George Clerk | E+ | Getty Images There’s an economic idiosyncrasy in the U.K. that makes it “one of the most vulnerable countries in the world right now,” according to an investment ...
Singapore Tycoon Kwek Leng Beng’s CDL Suburban Housing Project Sees Robust Sales Despite Property Curbs
An artist’s impression of the Piccadilly Grand, a residential condominium being jointly developed by … [+] City Developments and Hongkong Land unit MCL Land. Courtesy of City Developments ...
Cash buyers drive sales and prices in UK housing boom
Cash buyers of UK homes spent one-third more on their property purchases in the year to March than in an average pre-pandemic year, analysis has found, underlining the role of mortgage-free purchasers...
Mortgage rates hit highest level in 13 years and could cool housing market
Mortgage rates hit their highest level since August 2009 this week, following a sharp increase in the 10-year Treasury yield and continuing a breakneck ascent since the start of 2022. The rate on the ...
Why people moving out of big cities are seeing the most inflation
Some of the hottest pandemic-migration destinations also happen to be home to the hottest regional inflation rates. The relationship between migration and inflation has strengthened significantly as m...
Good news for home buyers? Fannie Mae chief economist says the U.S. housing market has finally turned a corner. Here’s why.
The inventory shortage, high prices and rising interest rates have finally bitten. Single-family home sales fell sharply by 16.6% in April to a seasonally adjusted annualized rate of 591,000, accordin...