Jerome Powell, chairman of the US Federal Reserve. January CPI data was broadly encouraging, but may … [+] not be enough to change the Fed’s plans to hike rates at future meetings. Photogr...
Tag: Housing
The housing market bubble could still burst in 2023
Jeremy Grantham is one of the most respected investors in the world. He founded GMA, a behemoth with a 40-year track record in the industry and over $71 billion assets under management. When he speaks...
What’s happening with home prices as mortgage rates fall
An aerial view from a drone shows homes in a neighborhood on January 26, 2021 in Miramar, Florida. According to two separate indices existing home prices rose to the highest level in 6 years. Joe Raed...
Ryan’s Take On HUD’s Section 8 Housing Voucher Program
NEW YORK – OCTOBER 4: Homeless New Yorkers rally outside Federal Plaza to demand more Section 8 … [+] housing October 4, 2004 in New York City. (Photo by Bonile Bam/Getty Images) Getty Ima...
Everyone wants lower prices, but a housing market crash would be terrible
I’m in my 20’s, and grew up in Dublin, Ireland. And yikes, it’s difficult to buy a home. Housing truly is one of the backbones of society. One’s home is integral to one’s life, to state the obvious. ...
A Brief History Of The Section 8 Housing Voucher Program
Supporters of Section 8 rally outside the HUD offices under the eye of Federal Police officers. … [+] Rally and march from Pershing Square in Downtown Los Angeles to the HUD offices to save fund...
These are the 10 most rent-burdened metro areas in the U.S.
Spencer Platt | Getty Images News | Getty Images New York is the most rent-burdened metro area in the U.S., according to a new report from Moody’s Analytics. A household with the median income i...
Banks on wheels are temporary solution for underbanked areas
A banking van for the Lower East Side People’s Federal Credit Union parked on the curb of West Tremont Avenue in The Bronx. Rebecca Picciotto | CNBC NEW YORK – Parked on the curb of West Tremont...
Mortgage refinance demand jumps 18% as interest rates drop
A ‘For Sale’ sign is posted in front of a single family home on October 27, 2022 in Hollywood, Florida. Joe Raedle | Getty Images Mortgage rates continued to fall last week, and both curre...
What To Look For In February’s Upcoming Consumer Price Inflation Numbers
Jerome Powell, chairman of the US Federal Reserve, speaks during a news conference following a … [+] Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, Feb. 1, 202...
Ryan Found Section 8 More Efficient Than The Low Income Housing Tax Credit
CHICAGO, IL – JUNE 27 : Section 8 voucher holders Tracy Carrithers views an apartment with Housing … [+] Choice Partners real estate specialist Jessie McDaniels (not pictured) in the Logan...
Goldman Sachs makes a bold housing market call—when the investment bank expects U.S. home prices to bottom
The U.S. housing market might finally be nearing the bottom. At least that’s according to Goldman Sachs. Just two weeks after Goldman Sachs downgraded its outlook for the U.S. housing market in ...
We’re still in a housing market slump—here’s how to negotiate a better deal with homebuilders
Last year’s 3 percentage point increase in mortgage rates, coupled with home prices that jumped over 40% during the Pandemic Housing Boom, has priced out millions of homebuyers. That sharp buyer pullb...
Housing shows signs of stabilizing to round out 2022
The housing market has borne the brunt of the Federal Reserve’s aggressive interest rates. But mortgage rates are now on a downswing, with the average 30-year fixed mortgage slipping to 6.09% as...
6 leading real estate economists and pros on what to expect from the housing market this winter
Getty Images Some aspiring homebuyers are in for some much-needed relief. “Right now might appear more appealing to some buyers because, recently, the housing market has been cooling. Prices are dropp...
Mortgage rates drop to the 5% range for first time since September
Prospective buyers at an open house in Florida. Mike Stocker | South Florida Sun Sentinel | Tribune News Service | Getty Images The average rate on the 30-year fixed rate mortgage has fallen to 5.99%,...
Why the Fed’s interest rate hike is ‘good news for mortgage rates’
The Federal Reserve’s move to hike interest rates signals good news for the housing sector, some experts say. The central bank hiked its benchmark interest rate on Wednesday by a quarter percentage po...
Affluent Americans are snatching up prime real estate in other parts of the world — as the US housing market slumps. Here’s how to do it too
Laetitia Laurent knows the value of looking far and wide for a good deal. The Florida-based business owner and her husband had been hunting for a second home for five years before snagging an incredib...
Mortgage demand fell last week, even after interest rates fell further
A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images After a stronger start to the year, mortgage demand plunged ...
Lumber Prices Set For A Surge As Homebuilding Rebounds
Constructing new timber framed houses in Echuca, Australia. (Photo by Ashley Cooper/Construction … [+] Photography/Avalon/Getty Images) Getty Images Get ready for a lumber surge. The homebuildin...
Metro areas where U.S. rent prices have dropped the most
Colorful cafe bars at the iconic Beale Street music and entertainment district of downtown Memphis, Tennessee. benedek | iStock | Getty Images Despite broad hikes in rental prices, competition is easi...
Biden Follows Warrens Lead Toward Federalizing Rules For Rental Housing
Former Vice President Joe Biden (L) and Massachusetts Senator Elizabeth Warren (Photo by SAUL LOEB … [+] / AFP) (Photo by SAUL LOEB/AFP via Getty Images) AFP via Getty Images Across the country ...
Mortgage demand jumps as interest rates drop
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 interest rates fell for the third straight week, while...
The housing market recession could be bottoming out. What does it mean for home prices?
Fed Chair Jerome Powell made it crystal clear last summer: Spiking mortgage rates would help to “reset” the U.S. housing market, which had turned into a buyer’s nightmare during the ...
Want To Know Where House Prices Are Heading In 2023? Watch Mortgage Rates
SAN FRANCISCO – JANUARY 30: A for sale sign is seen on a single family home January 30, 2008 in … [+] Vallejo, California. According to the California Association of Realtors in December s...
Are housing costs out of reach in Canada for the average person? Absolutely 100%
We know, you must be getting tired of the constant rants news articles on real estate. While I am as well, I haven’t seen many publications break down housing costs with actual numbers. So, I will tak...
House prices slumped by 10% in San Francisco, Redfin says — and prices are also falling in these cities
Even as mortgage rates come off of recent highs, buyer demand remains constrained. And that’s affecting home-list prices, according to a new report. The report by Redfin RDFN, +8.45%, which tracked ho...
Existing home sales drop in December to slowest pace since 2010
Homes in Rocklin, California, US, on Tuesday, Dec. 6, 2022. A record number of homes are being delisted as sellers face a sharp drop in demand, according to real estate brokerage Redfin. David Paul Mo...
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 ...
Homebuilder sentiment in January rises for the first time in a year
Homes under construction in Tucson, Arizona, U.S., on Tuesday, Feb. 22, 2022. Sales of new U.S. homes retreated in January after a flurry of purchases at the end of 2021, indicating a jump in mortgage...
Miami to escape the home price correction in 2023 while ‘overheated’ housing markets like Austin get hammered, says Goldman Sachs
The Fed’s ongoing inflation fight—which saw mortgage rates spike from 3% to 6% in 2022—has set off the second biggest home price correction of the post-WWII era. On one hand, the 2.4% drop in U....