In light of China’s reopening and easing of Covid rules, Hong Kong’s property market will be on a path to recovery in 2023, according to property consultancy Colliers Hong Kong. The reta...
Tag: Housing
Mortgage refinance demand surges, as homeowners take advantage of lower interest rates
After rising at the end of the year, mortgage rates dropped sharply last week. That drove demand from current homeowners hoping to save on their monthly payments, but it did little to excite potential...
Wells Fargo, once the No. 1 player in mortgages, is stepping back from the housing market
Charles Scharf, chief executive officer of Wells Fargo & Co., listens during a House Financial Services Committee hearing in Washington, D.C., U.S., on Tuesday, March 10, 2020. Andrew Harrer | Blo...
A 1981-level mortgage rate shock has the housing market in a correction—these 7 leading research firms predict what’s next for rates
The Federal Reserve eventually quelled the inflationary run that took off in the 1970s, but only after the central bank’s aggressive rate hikes saw mortgage rates top 18% in 1981 and the housing...
Consumer confidence in housing rises as prices fall
Mortgage rates are still twice what they were a year ago, but home prices have been falling since June, and that’s finally making consumers feel better about what had been an overheated, highly ...
‘It feels like I’m holding two full-time jobs:’ I’m 65, retired and have a $2K pension. I own rental properties, but they’re stressful to maintain. Should I keep them or sell?
Dear MarketWatch, I’m a 65-year-old married man in Southern California. I retired about 5 years ago, and have very little in pension payments of about $2,000 from my old job, without any medical benef...
With the housing market ‘fizzled out,’ 2023 is off to the worst start in decades — but here’s why analysts are dreaming of a mild spring
With the housing market ‘fizzled out,’ 2023 is off to the worst start in decades — but here’s why analysts are dreaming of a mild spring Homebuyers hoping for a better climate in 2023 have longer to w...
Improving Credit Scores For Rental Housing, Not Banning Them, Is The Answer
Good credit is powerful for individuals in the economy; improving credit scores helps while banning … [+] the use of scores doesn’t solve underlying poverty. getty Across the country, worr...
Not Even The Billionaire Kardashians Can Keep The Idaho Housing Bubble From Popping
With its picturesque lake and mountain backdrop, Coeur d’ Alene is a favorite vacation spot for the jet set. (Photo by Kyle Rivas/Getty Images for IRONMAN) Getty Images for IRONMAN TMZ has dubbe...
Mortgage demand plunges, as interest rates rise
A ‘For Sale’ sign stands in a vacant lot near new homes in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images After a brief reprieve in the first half of December, mortgage interest...
Home price gains weakened sharply in November
A sign is posted in front of a home that is for sale on December 19, 2022 in Los Angeles, California. Mario Tama | Getty Images Home prices are falling into a deep winter chill, as higher mortgage rat...
‘2022 has been the scariest year of my adult and professional life’: One mortgage broker reveals how the housing slowdown upended financial security.
When mortgage rates hit 7% in the fall, Austin-based mortgage broker Aaron Kovac was a little spooked. After a stunning rise in home sales amid ultra-low interest rates, “the market just went absolut...
Time For Government To Invest In Housing
Now is the time for local government to abandon regulations and put money into more housing … [+] development, especially apartments (Photo by Mark Boster/Los Angeles Times via Getty Images) Los...
What’s Ahead For Housing In 2023: Single-Family Slowdown And Stop
Single-family housing will face trouble in 2023; now is the time for local government to dump bad … [+] regulation and possibly buy land for Community Land Trusts. getty Back in January 2020 I i...
Dow ends over 350 points lower as investors weigh housing data, 2023 recession concerns
U.S. stocks finished sharply lower on Wednesday, as investors assessed economic data on the housing market amid concerns over rising interest rates and economic growth in 2023. How stock indexes trade...
Dow Jones Falls After Housing Data As Apple Hits New Low; Tesla Plunges On Production Cut Plan
The Dow Jones Industrial Average dropped 130 points Tuesday, after an early dose of economic data launched the short, final trading week of the year. Tesla stock dived more than 7% after Reuters repor...
How Inflation Data Hinges On A Statistical Quirk For Housing Costs
SAN FRANCISCO – JUNE 06: Calculation of CPI inflation includes a lagged, panel format for housing … [+] costs understanding how it works is crucial to estimating 2023 inflation. (Photo by ...
Is Housing Inflation Slowing Down? Trends To Look For In 2023
| Newsday via Getty Images Key Takeaways Many factors contributed to the rapid rise in home and rent prices over the past few years. Because of the long process from building to selling homes, it take...
Christmas Stock Market Closing, Housing and Labor Data, and More for Investors to Watch This Week
Stock and bond markets will be closed on Monday for the Christmas holiday. It will be a quiet holiday week once Wall Street reopens. It’s the stretch between Christmas and New Years, and the corporate...
Mining Industry Boosts Third Quarter Economic Growth In Several States
Two workers with helmet and protective suit using drill-machines in an underground enviroment getty Many economists are predicting a recession in 2023 due to the Fed’s rate hikes to slow inflation, le...
Housing Market Trends: Homebuilder Sentiment Falls For 12 Months Straight
| Getty Images Key Takeaways Data released by the National Association of Home Builders shows that homebuilder sentiment fell to levels not seen since 2012 (ignoring a brief blip in 2020). Demand for ...
Home sales tumbled in November
Sales of existing homes fell 7.7% in November compared with October, according to the National Association of Realtors. The seasonally adjusted annualized pace was 4.09 million units. That is weaker t...
Home Sales Plunge To Great Recession Levels As ‘Frozen’ Housing Market Adjusts To Elevated Mortgage Rates
Topline Existing home sales fell in November for a record 10th-consecutive month, according to data released Wednesday by the National Association of Realtors, as the housing market continues to be on...
Mortgage refinance demand surged 6%, as interest rates dropped
A property for sale in Monterey Park, California Frederic J. Brown | AFP | Getty Images Mortgage interest rates dropped again last week, and while that did little to bolster demand from homebuyers, it...
Homebuilder sentiment falls again, but bottom may be near
A worker walks on the roof of a new home under construction in Carlsbad, California. Mike Blake | Reuters Homebuilders were less confident about their business in December, but they are starting to se...
Housing Recovery Forecast For 2024 As Homebuilder Sentiment Falls Again
(Photo by Justin Sullivan/Getty Images) Getty Images Key Takeaways Confidence from homebuilders has now fallen every month for a year, hitting levels not seen since 2012, according to the National Ass...
For Landlords, Rising Housing Costs Make It Harder to Earn Passive Income
Listen to article (1 minute) Many Americans dream the path to building wealth is like a trip around the Monopoly board, buying up properties that generate rental income. That can be true, but financia...
REITs May Be a Great Investment Next Year (After a Rough 2022)
Soaring interest rates and the weakening economy have crushed real estate investment trusts in 2022, with the FTSE Nareit All Equity REIT index dropping 23% year to date. Rising rates hurt REITs becau...
Will 2023 finally be a good year to buy a home? Read this before making a decision.
The housing market is nothing if not unpredictable. Mortgage rates have skyrocketed, and the market has taken a beating. But don’t expect 2023 to turn into a buyer’s market just yet, housing experts s...