Angles Ron_Thomas | beautiful pictures When interest rates rise and property values increase prevent more families from buying housesRental demand skyrocketed, with rents highest in the sunniest states. Single-family rents increased in the first half of 2022, reaching a national average of $2,495 a month – up 13.4% year-on-year, according to the report. a new … Read more
The loss of confidence in China’s real estate sector could become a contagion that drags down the Chinese economy, analysts warn. The comments are made after the developer’s trust China Evergrande Corporation failed to carry out its $300 billion restructuring plan as promised over the weekend. In a filing with the Hong Kong stock exchange, … Read more
In front of a home for sale on July 14, 2022 in San Francisco, California. The number of homes for sale in the US increased 2% in June for the first time since 2019. Justin Sullivan | beautiful pictures Rising mortgage rates and inflation in the broader economy caused housing demand to plummet in June, … Read more
Homebuyers have had enough. Mortgage rates soar on top of record house price increases—up 42% since the pandemic broke out—Push monthly mortgage payments to a level where tens of millions of people would be buyers unattainable. When many buyers check, The housing market corrects only became more intense. This week, we learned that on a … Read more
Homebuyers have had enough. Mortgage rates soar on top of record house price increases—up 42% since the pandemic broke out—Push monthly mortgage payments to a level where tens of millions of people would be buyers unattainable. When many buyers check, The housing market corrects only became more intense. This week, we learned that on a … Read more
A “Pending Sale” sign outside a home in Discovery Bay, California, on Thursday, March 31, 2022. David Paul Morris | Bloomberg | beautiful pictures The National Association of Realtors said on Wednesday, contracts signed to buy existing homes fell 20% in June from the same month a year ago. That was the slowest pace since … Read more
A potential home buyer is shown the home by a real estate agent in Coral Gables, Florida. Joe Raedle | beautiful pictures Mortgage demand fell for a fourth straight week, according to data released Wednesday, although interest rates have fallen from recent highs. Total volume fell 1.8% last week from the previous week, according to … Read more
A prominent economist has warned home prices in the US are on the cusp of a major correction as demand “tightens” for cash-strapped buyers. Ian Shepherdson, a chief economist at Pantheon Macroeconomics, notes that single-family listings have grown 40% in the past four months even as condo sales plummet due to sky-high prices and mortgage … Read more
In front of a home for sale on July 14, 2022 in San Francisco, California. Justin Sullivan | beautiful pictures According to a monthly report by the National Association of Realtors, sales of previously owned homes in June fell 5.4% compared to May as record prices and exchange rates fell. increase. Sales fell to a … Read more
Daniel Acker | Bloomberg | beautiful pictures The pain in the mortgage market is only getting worse as higher interest rates and inflation hit American consumers. Mortgage demand fell more than 6% last week from the previous week, hitting its lowest level since 2000, according to the Mortgage Bankers Association’s seasonally adjusted index. Mortgage applications … Read more