Criticism is important, but what are the solutions to housing problems? This series points to the … [+] challenges and opportunities. getty Sometimes when I am speaking to a group about housing ...
Tag: Housing
Homebuilders say steeper downturn is coming as buyers pull back
A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022. George Frey | Bloomberg | Getty Images The once-hot housing market is cooling off at an alarm...
Is There Going To Be A Housing Market Crash In 2023?
If you’re waiting for a housing market crash, or a correction in prices that will make your dream home more affordable, the data shows you’re not alone. Single-family home sales in September fell to a...
Singapore Housing Market Defies Global Downturn And Curbs Amid Soaring Rents
Singapore’s skyline is reflected in a pool of rainwater on February 8, 2022. ROSLAN RAHMAN/AFP via Getty Images The growth in Singapore home prices accelerated to 3.8% in the third quarter to re...
Should I wait for housing to crash further before I buy a house? Here are 3 reasons why the end of 2022 could be the very best time to jump in
Should I wait for housing to crash further before I buy a house? Here are 3 reasons why the end of 2022 could be the very best time to jump in Homebuyers eyeing a housing market plunge continue to run...
The US housing market’s stagnation has gotten even worse
The meteoric rise of mortgage rates has zipped past another milestone this year. For the first time since April 2002, the 30-year fixed-rate mortgage (FRM) topped 7% this week, according to data from ...
Pending home sales fell 10% in September from August
A Coldwell Banker “Under Contract” sign stands outside a property in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Pending home sales, a measure of signed contracts on existing...
Mortgage demand from homebuyers is nearly half what it was in 2021
A house’s real estate for sale sign is seen in front of a home in Arlington, Virginia, November 19, 2020. Saul Loeb | AFP | Getty Images Mortgage demand fell last week to nearly half what it was...
Home prices cooled at a record pace in August, S&P Case-Shiller says
House for Sale by Owner, Forest Hills, Queens, New York. Lindsey Nicholson | UCG | Universal Images Group | Getty Images Home prices are still higher than they were a year ago, but gains are shrinking...
Home flippers are now getting burned by the US housing downturn, slashing prices to cut losses — here are two big reasons why
‘Not the time to get greedy’: Home flippers are now getting burned by the US housing downturn, slashing prices to cut losses — here are two big reasons why Home flippers who pounced on rec...
Housing markets face a brutal squeeze
FILE – This is a home in Mount Lebanon, Pa., under contract, Oct. 17, 2022. Sales of previously occupied U.S. homes fell in September for the eighth month in a row, though the decline was the mo...
Could A Housing Recession Be On The Horizon?
Getty Images Key takeaways A slew of housing reports this week have furthered speculation that a mild housing market recession could be on the horizon NAHB data shows that builder confidence in the ne...
Why the housing market should brace for double-digit mortgage rates in 2023
Even if Federal Reserve Chairman Jerome Powell and his cohorts stopped hiking policy rates soon, the 30-year fixed mortgage rate still would climb to 10%, according to Christopher Whalen, chairman of ...
D R Horton is a ‘buy’ despite the U.S. housing recession
U.S. housing market has seen a lot of pain this year as mortgage rates went up rapidly. But that has also created some exciting opportunities for the equity investors, says Art Hogan – the Chief Marke...
Existing home sales fall to a 10-year low in September
Real estate broker Rebecca Van Camp places a “Sold” placard on her sign in front of a home in Meridian, Idaho, on Wednesday, Oct. 21, 2020. Darin Oswald | Tribune News Service | Getty Imag...
Multigenerational Hispanic households feel rising economic pressure
Juan Espinoza, far left, with his family. A combination of rising interest rates, high home values and limited inventory has been squeezing prospective homebuyers — and perhaps few know that as well a...
Homebuilder sentiment drops to half of what it was six months ago
A worker stands on the roof of a home under construction at a new housing development in San Rafael, California. Getty Images Homebuilder sentiment in the single-family home market has fallen to half ...
Get Ready For Another Lumber Rally As Homebuilders Anticipate 2023 Rebound
CHICAGO, ILLINOIS – APRIL 05: Stacks of lumber are offered for sale at a home center on April 05, … [+] 2021 in Chicago, Illinois. Lumber prices have more than tripled since last April due...
Why Remote Workers Should Ditch Santa Ana CA In Favor Of Plano TX
LONG BEACH, CALIFORNIA – NOVEMBER 5 : Rows of palm trees are silhouetted during sunset, November 5, … [+] 2015 in Long Beach, California. (Photo by Bob Riha, Jr./Getty Images) Getty Images...
‘We’re seeing buyers backing out’: This dramatic chart reveals U-turn in the housing market as sellers slash home prices
Here’s a chart that speaks a thousand words about the state of the real-estate market right now. The chart above, part of a new report by real-estate brokerage Redfin RDFN, -7.03% on the property mark...
China’s Bursting Housing Bubble Will Rock the Economy for Years
(Bloomberg) — The wave of stimulus aimed at reviving China’s housing market — billions in bank loans, interest rate cuts and support for developers — has done little to help Echo sel...
Demand for riskier home loans is high as interest rates soar
Mortgage demand dropped again last week as rates climbed higher, but one type of loan is attracting borrowers. Adjustable-rate mortgages, or ARMs, which offer lower rates, are seeing renewed demand af...
Mortgage rate is over 7% and it’s getting harder to qualify for loan
JB Reed | Bloomberg | Getty Images It’s a double whammy for would-be homebuyers. Not only are interest rates soaring, it’s getting harder to qualify for a loan. The average rate on the pop...
One Account Of Why The Low-Income Housing Tax Credit Is Broken
“Statler: Well, that was different. Waldorf: Yep. Lousy… Both: …but different!” Getty Images People could wonder, reasonably, about why I am so negative about housing policy. I...
What Does A Recession Mean For The Housing Market?
Key Takeaways Some analysts are putting the probability of a global recession as high as 98.1%. There are a number of factors pushing the economy this way, including a strong US dollar, the Fed’s inte...
Residential housing demand ‘cratered’ as mortgage rates spiked, analyst says
Raymond James analyst Buck Horne lowered ratings on all of the home-builder stocks he covers, as he believes the recent “relentless” climb in mortgage rates has ensured a housing recession. “Interest ...