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Tag: Real Estate Markets
‘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...
Brace for Mortgage Rates to Climb Higher After the Jobs Report
Text size A housing development in Pearland, Texas. Brandon Bell/Getty Images The rising cost of buying a home has cooled the market this year. In a roundabout way, Friday’s jobs report will add to ho...
Weekend reads: How the Fed’s punishing policy can set you up for massive gains in the stock market
During a long bear market, investors’ moods can be so bleak and muddy that they cannot envision better times. But they always come. Warren Buffett has shown repeatedly over the decades how to enhance ...
The major county in America where home prices just dropped the most is …
Buyers may be starting to see home price drops in some areas. (Getty Images) Home buyers have watched as home prices marched upwards for the past few years, but now many of you will finally get some r...
These Are the 7 Worst Housing Markets, According to Lennar
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...
‘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...
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...
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 ...
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...
‘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...
China’s Property Market Has Slid Into Severe Depression, Real-Estate Giant Says
Listen to article (1 minute) One of China’s largest developers said the country’s property market has tumbled into a severe depression, using some of the strongest language yet to describe the yearlon...
‘It’s a remarkably uncertain time’: Redfin CEO warns of rapidly cooling housing market — says deals under contract are being cancelled
After a stellar two-year run, the housing market is sputtering as buyers pull back sharply. One real-estate chief said the market is indeed course-correcting, and it’s getting hard to make a deal as m...
Stocks in September Have Often Struggled. The Good News: The Selloff May Have Already Begun.
Illustration by Elias Stein Text size The stock market’s worst month—September—will soon be upon us. The S&P 500 index has averaged a 1% loss in September dating back to 1928, says Dow Jones Marke...
Disappointing U.S. data has traders considering possibility of a half-point Fed rate hike in September
In the blink of an eye on Tuesday, the U.S. bond market’s focus shifted back toward fears of an unexpectedly sharp economic slowdown and away from persistently high inflation over the bulk of the trad...
July existing-home sales fall for the sixth straight month, realtors see ‘housing recession’
The numbers: U.S. existing-home sales fell 5.9% to a seasonally adjusted annual rate of 4.81 million in July, the National Association of Realtors said Wednesday. This is the sixth straight monthly de...
Walmart, Target, Cisco, Deere, Housing Data, and Other Things for Investors to Watch This Week
Text size Earnings season continues next week in what will be an action-packed stretch for retail stocks. Walmart and Home Depot report results on Tuesday, followed by Bath & Body Works , Lowe’s, ...
U.S. Home Prices Jumped to Record High in Second Quarter
Home prices continued to climb across nearly all the U.S. in the second quarter, when buyer demand started to fade due to higher mortgage rates but still exceeded the housing market’s unusually low su...
Why home prices can stay high, complicating the Fed’s battle against inflation
Sky-high housing prices still threaten to complicate the Federal Reserve’s inflation fight, even as America’s market for single-family homes shows signs of cooling in response to sharply higher intere...
Americans are souring on the housing market. Home buyer sentiment hits lowest level since 2011 — and mortgage rates reach 7%.
There’s no respite for home buyers these days. From rising rates, high home prices, and an uncertain economic outlook, shoppers are finding it hard to jump into purchasing a home. Fannie Mae noted th...