Fifteen years ago, in the first quarter of 2007, U.S. housing prices were at an all-time high. According to the St. Louis Fed, the median price for a home was $257,400, a record. The Fed was raising i...
Tag: Housing
Ownership Isn’t The Problem, Scarcity Of Housing Is
View of Cincinnati skyline from Over The Rhine district. getty Last month I attended a community meeting in Cincinnati students of the Housing Systems course in the University of Cincinnati School of ...
Mortgage demand inches higher as interest rates move lower
A For Sale sign appears in front of a house on Oak Street in Patchogue, New York, on May 17, 2022. Steve Pfost | Newsday | Getty Images After a month of declines, mortgage application volume is rising...
Mortgage rates drop after CPI inflation report
A prospective home buyer, left, is shown a home by a real estate agent in Coral Gables, Florida. Getty Images The average rate on the 30-year fixed mortgage dropped to 6.28% Tuesday, according to Mort...
Housing Market Downturn – Is A Recession On The Horizon?
What should we expect from the U.S. housing market (Photo by Tim Boyle/Getty Images) Getty Images The second half of 2022 has seen declining house prices. However, prices remain up year-on-year based ...
‘The housing market is collapsing’
RH (RH) CEO Gary Friedman has never been known to hold back his blunt views on business and life on earnings calls, and his latest matter-of-fact commentary directly involves the U.S. housing market. ...
Americans Have Lost $6.8 Trillion This Year As Stocks Crashed, Housing Market Collapsed And Savings Dwindled
Topline As the Federal Reserve works to combat rising inflation by slowing down the economy, the wealth of American households has evaporated—collapsing by more than $6.8 trillion this year as America...
Affordable Housing Depends On Small Businesses
For dense housing to be appealing, third places to work and socialize are essential. getty For years my pitch on cities was all about compact communities and third places. You don’t need a big house, ...
What’s happening with the housing market? Mortgage rates, home prices and affordability
Potential buyers remained reluctant to take the plunge on financing a home purchase even as mortgage rates fell for the fourth straight week. Mortgage applications decreased 2% the week ending Dec. 2 ...
Is The Housing Market Slowing Down: Redfin 2023 Predictions
Getty Images Key takeaways As mortgage rates rise and inflation remains stubborn, there are signs that the housing market is slowing down Real estate brokerage Redfin predicts that housing sales will ...
Next housing market crash prediction for 2023
The housing market in most developed countries as soaring interest rates push mortgage rates to multi-year highs. At the same time, the yield curve inversion has led to elevated fears of a major globa...
Mortgage demand falls again even as interest rates sink further
A “For Sale” sign in front of a home in Sacramento, California, on Monday, Dec. 5, 2022. David Paul Morris | Bloomberg | Getty Images Lower mortgage rates are pulling some current homeowne...
More Housing, Not Outrage, Is The Answer To Higher Rents
Housing problems are worth getting angry about, but more housing, not more outrage, is what will … [+] stabilize housing prices. getty An article in the New York TimesNYT , “The Rent Revolution ...
Build, Baby, Build! In 2023, Cities Need To Incentivize New Housing
No matter what happens to the economy, state and local governments need to push more housing … [+] development with incentives. getty Pundits and prognosticators will try to predict whether and ...
Is the Housing Market Headed for a Big Crash? What’s Ahead for Real Estate.
Todd Clark and his wife, Jocelynn Wilde-Clark, have lived through the ups and downs of the housing market in the time of pandemic. In the summer of 2021, as Covid produced frenzied home buying, the co...
Mortgage rates fall for the third straight week, but demand still drops further
A For Sale sign appears in front of a house on Oak Street in Patchogue, New York, on May 17, 2022. Steve Pfost | Newsday | Getty Images Mortgage rates soared over 7% just a month ago, but since then t...
Airbnb launches first hosting platform for apartment tenants
Airbnb is partnering with several major landlords and management companies to list designated apartment buildings where renters are allowed to offer short-term sublets on the site. The company said We...
Mortgage Firm Files for Bankruptcy Amid Housing Market Deep Freeze
(Bloomberg) — Starwood Capital-backed home lender Reverse Mortgage Funding LLC filed for Chapter 11 bankruptcy, the latest company to succumb amid a rapid run-up in mortgage rates. Most Read fro...
Housing Price Index Slows And Consumer Confidence Falls As Potential Recession Inches Closer
(Photo by Barbara Alper/Getty Images) Getty Images Key Takeaways Confidence has fallen in November after rising for the previous three months The S&P CoreLogic Case Shiller fell a further 0.8% in ...
UK property demand down 44% since market-rocking mini budget: Zoopla
Estate agents “Sold” and “For Sale” signs outside residential properties in the Maida Vale district of London, UK, on Thursday, June 30, 2022. Bloomberg | Bloomberg | Getty Ima...
Housing Prices in the UK Expected To Drop In 2023
According to a study released on Monday, residential property demand in the UK has almost halved since the government’s September budget, which alarmed the financial markets and forced the UK prime mi...
Bear Market Enters Longer Than Average Territory And Interest Rates Put Breaks On Housing Market
dpa/picture alliance via Getty Images TL;DR The current bear market is now officially longer than average, with it now being over a month since the average of 9.6 months was surpassed Property values ...
‘Demand for housing is still very strong’
Even though monthly mortgage payments reached a record high in October, there are still many eager homebuyers, according ton one analyst, who cited the unexpected rise in new single-family home sales ...
Lowes Stock Is On The Rise After Earnings, Despite Housing Market Dip
| Jeffrey Greenberg/Universal Images Group via Getty Images Key Takeaways As the housing market slows, more homeowners are choosing to improve their current homes. Online sales and purchases of $500 o...
Homebuilder Sentiment Drops Along With Housing Prices
| Getty Images Key Takeaways Home builder sentiment, measured by the National Association of Home Builders, fell in October. The report indicates that home builder sentiment has fallen for 10 consecut...
New-Home Sales Surge. It’s Still a Mixed Picture for Housing.
Text size Sales of new homes rose in October. Here: completed and under construction new homes in Trappe, Maryland. Jim Watson/AFP via Getty Images Sales of new homes unexpectedly rose in October, pai...
Mortgage demand rises as interest rates decline slightly
A home, available for sale, is shown on August 12, 2021 in Houston, Texas. Brandon Bell | Getty Images Mortgage applications rose 2.2% last week compared with the previous week, prompted by a slight d...
Opinion: Opinion: The Fed should pause rate hikes since inflation has slowed — it won’t
The Federal Reserve should declare an immediate cease fire in its war against inflation and hold its benchmark interest rate steady instead of raising the federal funds by a half percentage point to a...