Higher mortgage rates have cut into home sales at a national level—but, as the saying goes, all real estate is local. Lennar , the nation’s second-largest builder by market capitalization, on Thursda...
Tag: Housing
‘The housing market may have to go through a correction’: Mortgage rates hit 6.29%, Freddie Mac says
The numbers: U.S. mortgage rates continue to climb, adding hundreds of dollars in costs to potential homeowners. The increase in mortgage rates followed the Federal Reserve hiking interest rates again...
Powell Warns of Correction in Once ‘Red-Hot’ Housing Market
(Bloomberg) — Federal Reserve Chair Jerome Powell warned that the US housing market is likely to suffer a reversal in the wake of policy makers’ interest-rate hikes. Most Read from Bloomberg “We...
Existing home sales fall in August, and prices soften significantly
Sales of previously owned homes fell 0.4% in August from July to a seasonally adjusted annualized rate of 4.80 million units, according to the National Association of Realtors. That is the slowest sal...
Mortgage demand rises for the first time in six weeks
Real estate listings Adam Jeffery | CNBC Mortgage application volume increased last week for the first time in six weeks, according to the Mortgage Bankers Association, despite a rise in interest rate...
Single-family rent increases cool for the third straight month
A ‘For Rent’ sign is posted near a home on February 07, 2022 in Houston, Texas. Brandon Bell | Getty Images Rents for single-family homes were 12.6% higher in July compared with the year-e...
‘Some companies are closing their doors, others are shutting down divisions’: Rocket CEO outlines plans to navigate the dramatic decline in mortgages
The mortgage industry is struggling with higher rates and a sharp drop in buyer demand. Rocket RKT, +0.53% says it’s got a plan to turn things around. There’s turmoil in the sector. Volume of originat...
Zillow sees peak rent growth as over, but that isn’t what the Fed’s tracking
A look at Zillow Group’s closely followed rent index shows that last year’s roughly 17% yearly surge in rental prices was probably the peak, with the rate of increases dramatically receding in the pas...
More homebuilders lower prices, sentiment falls for ninth straight month
A worker walks on the roof of a new home under construction in Carlsbad, California. Mike Blake | Reuters More builders are lowering prices for homes as their confidence in the market continues to tum...
Whither Real Estate
(Photo by Justin Sullivan/Getty Images) Getty Images There can be little doubt that for as long as the Federal Reserve (Fed) remains committed to its anti-inflation tightening policies, housing – sale...
Meet The Korean Apartment Rental Startup Disrupting A Red-Hot Housing Market
As a founding member of WeWork Labs, the shared office space giant’s venture arm, Matthew Shampine helped transform the world of commercial real estate. Now he’s taking on South Korea’s deposit-heavy ...
Toll Brothers And 2 Other Homebuilding Stocks To Watch As The Housing Market Cools Off
. Homebuilding Stocks Recent News Prior to 2022 operators in the homebuilding industry benefited from rising per capita disposable income, accommodative interest rates set by the Federal Reserve and i...
Is the housing market really crashing? Redfin’s chief economist shares her predictions
This article is reprinted by permission from The Escape Home, a newsletter for second homeowners and those who want to be. Subscribe here. © 2022. All rights reserved. Inflation is high and interest ...
Next Fed rate hike to spark dangerous game in economy: Peter Boockvar
The market’s violent reaction to hotter-than-expected inflation may usher in more losses. Investor Peter Boockvar believes Wall Street is coming to grips with a painful reality: Inflation isn...
Mortgage demand declines 29% from last year as rates eclipse 6%
A for sale sign is posted in front of a home that is listed for over $1 million on April 29, 2022 in San Francisco, California. Justin Sullivan | Getty Images Mortgage demand appears to have nowhere t...
Housing market to see ‘significant amount of weakness ahead,’ Goldman says
The housing market slowdown at the hands of rising interest rates and an inflation-embattled consumer is only just getting started, according to Goldman Sachs Chief Economist Jan Hatzius. “Housi...
The Federal Reserve’s Rate Hikes Are Cooling The Housing Market But Land-Use Reforms Still Needed
Professional engineer architect worker with protective helmet and blueprints paper at house building … [+] construction site background getty Since the spring of 2022, the Fed’s federal funds ra...
Despite Mortgage Rates, You Should Buy a House Right Now
You can’t time the housing market. That statement, on the surface, seems like it’s wrong, but over 50 years of sales data suggest broadly that the right time to buy a house is always now. ...
These are the 10 major housing markets that just saw the biggest declines in home equity
Plus, what to know if you’re thinking about taking out a HELOC. Getty Images/iStockphoto As home prices soared in recent years, homeowners enjoyed record levels of tappable home equity, which is the a...
‘Frigid’ future ahead for housing market as mortgage rates scale new heights
‘Frigid’ future ahead for housing market as mortgage rates scale new heights The interest rate on America’s most popular home loan surged this week, surpassing its mid-summer high as federal regulator...
Confused about the housing market? Here’s what’s happening
A “For Sale” sign is seen outside a home in New York. Shannon Stapleton | Reuters The slowdown in the otherwise red-hot housing boom has been stunningly swift. The U.S. housing market surg...
Mortgage Rates Hit Highest Level Since 2008 In Latest Bleak Sign For Housing Market
Topline Mortgage rates are at their highest level since the Great Recession, according to data released by Freddie Mac Thursday, as housing affordability continues to slump. A for sale sign is posted ...
Housing Market Stocks And Trends For Q4 2022
| Getty Images Key Takeaways The housing market is slowing down after a long, hot run, partly as a result of recent changes put forth by the Federal Reserve. As inflation soars, the Fed will likely co...
Mortgage demand drops further as interest rates shoot back to June high
GP: Homes for sale Brittany Murray Via Getty Images | Medianews Group | Getty Images In June the average rate on the 30-year fixed shot over 6% briefly, and that was enough to turn the once-hot housin...
‘Vulnerable time for the housing market’: Mortgage rates are now double what they were a year ago, and will weigh on house prices
The 30-year fixed-rate mortgage averaged 5.66% as of Sept. 1, according to data released Thursday by Freddie Mac. That’s up 11 basis points from the previous week — one basis point is equal to one hun...
As the US housing market returns to sanity, researchers say these 5 cities are primed for deep price cuts
As the US housing market returns to sanity, researchers say these 5 cities are primed for deep price cuts If you’ve been squeezed out of the tight housing market over the past couple of years waiting ...
Manufactured Homes: Do They Stand To Benefit As The Housing Market Weathers A Recession?
The housing industry has officially entered a recession. To be clear, the single-family, site-built housing market has entered a recession. Niches of the industry, such as multifamily homes, appear to...
The Weekend Shift: Crypto, Blockchain, Housing
Welcome to the 83rd Weekend Shift! What’s the deal? Over the weekend, we’ll update this post with some of the most interesting articles, podcasts, charts, and opinion pieces we’re too busy to write ab...
The housing market correction is far from over—mortgage rates spike back over 6%
This spring, the Fed dusted off the ole inflation-fighting playbook. It goes like this: The central bank applies upward pressure on long-term interest rates—including mortgage rates—through signaling ...
More home sellers drop their asking price as the housing market cools
Daniel Acker | Bloomberg | Getty Images Home sellers are getting nervous, as the once hot housing market cools fast. One in five sellers in August dropped their asking price, according to Realtor.com....
Home values in August saw their largest monthly decline since 2011. Some cities see house prices drop by 3%.
Home values are edging down as buyers remain spooked by high mortgage rates, according to a new report. The typical value of a home in the U.S. fell 0.3% in August from the previous month, according t...