Berkshire Hathaway Inc (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett once explained one of the metrics he watches for a reversal in the housing market is a reduction of housing starts. The Oracle of ...
Tag: Housing
What’s The Outlook For The Housing Market?
(Photo by David McNew/Getty Images) Getty Images Key Takeaways Housing sales have fallen for the ninth consecutive month, with transactions down 28.4% compared to this time last year. Average prices h...
Investor home purchases drop 30% as price gains slow
Housing under construction in Atlanta, Georgia, on Sunday, Nov. 13, 2022. Elijah Nouvelage | Bloomberg | Getty Images Home sales have dropped for nine straight months, driven by surging mortgage rates...
Swedish Housing Is Now in the Worst Rout Since the 1990s
(Bloomberg) — Sweden’s home-price decline accelerated in October, as the Nordic country gripped by the most severe housing slump in three decades shows what may lie ahead for many other develope...
In Dublin, It’s Elon Musk Versus the Housing Market
(Bloomberg) — At Twitter’s European headquarters, surviving employees have one big problem with Elon Musk’s demand that everyone must return to the office: finding somewhere to live. Most Read f...
Home sales fell for ninth straight month in October
A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Home sales declined for the ninth straight month in October,...
Rent growth slows to the lowest level in 18 months
A “Now Leasing” sign is displayed in front of an apartment complex in Washington, DC, on January 24, 2022. Stefani Reynolds | AFP | Getty Images The red-hot rental market is finally starti...
Home Depot and Lowe’s are booming in a housing market bust
A home improvement contractor works on a house in Cambridge, Massachusetts. Suzanne Kreiter | The Boston Globe | Getty Images As the U.S. housing market falls hard from its pandemic-driven highs, home...
Homebuilder sentiment drops to a decade low
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...
Lowe’s (LOW) earnings 3Q 2022
Lowe’s said Wednesday that high inflation isn’t hurting sales as it reported third-quarter earnings that beat Wall Street expectations. The company also upped its guidance for its full-yea...
Sharp drop in mortgage rates does little to boost demand
A home for sale in the Mission Hills area of Los Angeles Tuesday, Oct. 11, 2022 in Mission Hills, CA. Brian Van Der Brug | Los Angeles Times | Getty Images Mortgage application volume rose 2.7% last w...
Home Depot (HD) earnings Q3 2022
A customer wearing a protective mask loads lumber onto a cart at a Home Depot store in Pleasanton, California, on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Home Depot reporte...
Housing Market Predictions For The Next 5 Years. What Return Can You Expect?
(Photo by Tim Boyle/Getty Images) Getty Images Key Takeaways The housing market is a hot topic right now, and after experiencing rapid growth over the pandemic years it looks to now be slowing down. E...
Evidence Builds For Painful Housing Recession
How bad will the U.S. housing market get? (Photo by David Paul Morris/Getty Images) Getty Images Housing market sentiment is at lows we haven’t seen since the 1980s. Inventory metrics are moving in th...
Home Depot, Lowe’s Report Earnings Amid Housing Recession Risk
Home Depot (HD) and Lowe’s (LOW) report third quarter results on Tuesday and Wednesday, respectively, this week. The home improvement retailers provide insight into the demand and price inflatio...
Compass Soars 89% Over Two Days on Cost Cuts, Housing Hopes
(Bloomberg) — Compass Inc. has surged 89% over two days as the hard-hit home seller committed to managing costs, building on investors’ optimism that the Federal Reserve could slow the pace of r...
More Mixed Signals On The Housing Economy
Are we heading for trouble, or will the housing economy settle down in 2023? getty I grew up in the 80s, a period of time when inflation and recession were common language. At the end of the 70s infla...
Mortgage rates fall sharply to under 7% after inflation eases
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 fell sharply Thursday after a government re...
Demonstration Of New Housing Subsidy Might Yield Results
Evaluation of how a new subsidy for housing costs will be key to learning if it will help people … [+] with urgent housing needs. getty Recently, the Department of Health and Human Services (DHH...
Weekly mortgage demand flattens, as interest rates climb even higher
A man enters a Bank of America branch in New York. Scott Mlyn | CNBC Mortgage rates rose again last week, throwing even more cold water on demand from both current homeowners and potential homebuyers....
‘Only time will tell if September was the nadir:’ Zillow reports sharp home-value declines in these cities, amid grim outlook for U.S. housing market
Winter is coming, and the real-estate market is slowly coming to a standstill. According to a new report by Zillow Z, -1.63%, the typical home in the U.S. saw its value barely inch up between Septembe...
FTSE 100 Stock Persimmon Slumps 7% As Update Reveals Sinking Housing Market
Photo by David Potter/Construction Photography/Avalon/Getty Images Getty Images Housebuilder Persimmon slumped in Tuesday trading as it announced falling demand for its homes and rising cancellations....
Homeowners have lost over $1 trillion in equity since May
A home awaits sale at a reduced asking price in Glendale, California. David McNew | Getty Images The historic run-up in home prices during the first two years of the pandemic gave homeowners record am...
Consumer confidence in housing hits new low, says Fannie Mae
An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Rising mortgage rates, high home prices and...
Housing Market Braces For Rising Layoffs ‘Soon’ As Mortgage Lenders, Home Sellers Cut Thousands Of Jobs
Topline Though the labor market’s overall resilience continues to puzzle experts, the plight of rising interest rates, which are spurring a historic plunge in home sales, could soon lead to a ra...
Tech can’t find a bottom; industrial, consumer stocks bounce
Lots of companies got clocked last week. We saw weakness in a host of industries everything from media to gambling to cloud computing and software sales. The pain in the technology sector seems to kno...
Any Sign Of Relief In The Housing Markets? No, It Is Still Bad
Good luck if you want to purchase or sell a home in 2022. The normal cost of home ownership has grown by tens or hundreds of thousands of dollars as mortgage rates have risen faster than at virtually ...
House hunting this weekend? There’s more out there now
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 After more than two years of a historically lean housing market...
Fed Chair Calls Housing Market “Very Overheated”
Fed chair Jerome Powell, sees that the U.S. housing market is under stress and thinks that may be … [+] necessary for the economy. (Photo by Tim Boyle/Getty Images) Getty Images Jerome Powell sa...
Mortgage demand falls even as rates slip from recent highs
Mortgage application volume barely moved last week, falling 0.5% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Rates, meanwhile, dro...
If I sell my rental I can pay off my primary mortgage and be debt-free. Is that a good idea in this housing market?
Dear MarketWatch, I have a rental property that’s worth $175,000, and I owe $53,000. My primary home is worth $265,000 and has $108,000 left on the mortgage. My question is this: Should I sell my ren...