Software is in a slump, but people are in short supply. That’s the kind of environment that could be good for information-technology consultant Endava With recession concerns rising, corporate spendin...
Tag: Real estate
China’s reopening set to boost Hong Kong’s property market
In light of China’s reopening and easing of Covid rules, Hong Kong’s property market will be on a path to recovery in 2023, according to property consultancy Colliers Hong Kong. The reta...
Home prices to tumble over 25% from peak levels in ‘overheated’ markets, says Goldman
Credit researchers at Goldman Sachs now expect home prices in several “overheated” metro areas to fall over 25% from peak levels. Metro areas included in their forecast were San Jose, Austin, Phoenix ...
Mortgage refinance demand surges, as homeowners take advantage of lower interest rates
After rising at the end of the year, mortgage rates dropped sharply last week. That drove demand from current homeowners hoping to save on their monthly payments, but it did little to excite potential...
Wells Fargo Is Backing Out Of The Mortgage Market
(Photo by Robert Alexander/Getty Images) Getty Images Key takeaways Wells Fargo, the country’s third largest mortgage lender, is stepping back from the mortgage market. While not exiting it enti...
Consumer confidence in housing rises as prices fall
Mortgage rates are still twice what they were a year ago, but home prices have been falling since June, and that’s finally making consumers feel better about what had been an overheated, highly ...
‘It feels like I’m holding two full-time jobs:’ I’m 65, retired and have a $2K pension. I own rental properties, but they’re stressful to maintain. Should I keep them or sell?
Dear MarketWatch, I’m a 65-year-old married man in Southern California. I retired about 5 years ago, and have very little in pension payments of about $2,000 from my old job, without any medical benef...
Why a stock market obsessed with the Fed’s inflation fight should focus on Main Street jobs in 2023
Fortunes on Wall Street this year could hinge less on what’s happening to high-paid workers in San Francisco’s reeling technology sector and more on a familiar part of American life: the working class...
REITs May Feel Sting from Bed Bath & Beyond’s Woes
Bed Bath & Beyond ‘s problems may cause a headache for its landlords. Earlier this week the big box retailer warned there is “substantial doubt” it can continue. That was enough to send Bed Bath &...
6 value stock picks for 2023 from successful money managers
Following a down year for the stock market, there is no shortage of recession predictions for 2023, especially as the Federal Reserve has signaled it will continue to raise interest rates to fight inf...
Cisco layoffs begin with hundreds of job cuts in California and more expected
Cisco Systems Inc. has begun previously announced layoffs, cutting nearly 700 jobs in Silicon Valley last month, according to filings with the state of California this week. Cisco executives announced...
Dow ends down nearly 350 points after jobs data, hawkish Fed comments hammer stocks
U.S. stock indexes ended another choppy session in the red on Thursday as investors digested a fresh batch of labor-market data and hawkish commentary from Federal Reserve officials, while looking ahe...
Mortgage Demand Plunges As 2022 Ends
Getty Images Key takeaways After months of turbulence and interest rate hikes, mortgage demand declined during the holidays Total mortgage demand (measured by new mortgage applications) plunged 13.2% ...
Manhattan apartment sales plunge in Q4, brokers fear frozen market
Manhattan apartment sales fell by 29% in the fourth quarter, sparking fears of a frozen market in which buyers and sellers stay on the sidelines due to economic and rate fears. There were 2,546 sales ...
Mortgage demand plunges, as interest rates rise
A ‘For Sale’ sign stands in a vacant lot near new homes in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images After a brief reprieve in the first half of December, mortgage interest...
Home price gains weakened sharply in November
A sign is posted in front of a home that is for sale on December 19, 2022 in Los Angeles, California. Mario Tama | Getty Images Home prices are falling into a deep winter chill, as higher mortgage rat...
Investors who did this one thing survived the markets in 2022
Forget inflation. Forget oil prices. Forget Vladimir Putin’s invasion of Ukraine. Forget layoffs in the tech sector. Forget the yield curve. When I sat down to write about what worked for investors in...
This analyst who forecast a double-digit drop in stocks for 2022 now says Jeff Bezos may return to helm Amazon
If Tuesday was any indication of how the market will behave this year, then buckle up, it looks like it will be a wild one. The Dow Jones Industrial Average DJIA, -0.21% had a 537-point trading range,...
‘2022 has been the scariest year of my adult and professional life’: One mortgage broker reveals how the housing slowdown upended financial security.
When mortgage rates hit 7% in the fall, Austin-based mortgage broker Aaron Kovac was a little spooked. After a stunning rise in home sales amid ultra-low interest rates, “the market just went absolut...
My wife and I live ‘an average life’ in the Bay Area making $320K. Last year, we bought a house for $200K over asking — now we don’t want to live in it. Should we get professional help?
Getty Images/iStockphoto Question: I was a victim of FOMO during the housing market craziness and bought a house for $200,000 over the asking price. Now house prices are coming back to reality, and I ...
Evergrande’s Billionaire Founder Begins New Year With Another Pledge To Pay Down Debt
Evergrande founder Hui Ka Yan has started the new year with a new pledge. South China Morning Post via Getty Images Hui Ka Yan, the embattled founder of real estate developer China Evergrande Group, s...
‘Our kids say our small house is embarrassing’: My husband and I earn $160K, have $1 million in retirement savings, cook at home and drive an old Honda. Are we missing out?
I’m a pretty fortunate person who lives a pretty fortunate life, and our annual household income at $160,000 is high compared to the rest of the world. However, we are still pretty frugal — we cook at...