Today: 28. Sep, 2024
Shares of New World Development, one of Hong Kong’s leading property developers, surged by 23% following the sudden resignation of its CEO, Adrian Cheng. Cheng, a founding family member, stepped down to focus on personal commitments and public service. This significant leadership…
The U.S. housing market has been challenging for many potential buyers, but recent developments suggest that conditions might be improving, though affordability remains a significant hurdle. A combination of lower mortgage rates and increased inventory is offering some relief, but experts caution…
The Federal Reserve’s recent rate cut has spurred excitement among homeowners looking to refinance their mortgages. However, not everyone will be able to capitalize on these lower rates. While refinance activity has increased, lenders may still deny applications based on various factors.…
August saw a larger-than-expected dip in home sales, marking a continued slowdown in the housing market. According to the National Association of Realtors (NAR), sales of previously owned homes fell by 2.5% from July, reaching an annualized rate of 3.86 million units.…
The housing market continues to be a hot topic of discussion, especially with the Federal Reserve’s influence on mortgage rates. Rocket Companies CEO Varun Krishna recently shared insights on how rate cuts have already been factored into current mortgage rates. In a…
Many homeowners feel secure about their retirement prospects because they own property. However, this confidence might be misplaced. According to a survey conducted by SurveyMonkey and CNBC, 37% of workers believe they are either ahead of schedule or on track with their…
With home prices skyrocketing, American homeowners now hold a staggering $32 trillion in home equity as of the first quarter of 2024, according to the St. Louis Federal Reserve. This unprecedented figure offers both opportunities and risks for homeowners considering tapping into…
China’s Property Market Faces Continued Uncertainty According to Standard Chartered CEO Bill Winters, China’s property market has not yet hit rock bottom despite a tumultuous year. In a recent interview with CNBC’s JP Ong, Winters described the investing climate in China as…
Mortgage Demand: A Tepid Response to Falling Rates Mortgage rates dropped last week for the fourth consecutive time, reaching their lowest level since April 2023. Despite this trend, neither homeowners nor prospective homebuyers rushed to take advantage of the situation. According to…
As fall approaches, prospective homebuyers are anticipating a potential interest rate cut from the Federal Reserve and facing the possibility of complications related to flood insurance. Without timely action from Congress, a crucial program may lapse, making it challenging to buy, sell,…
