Today: 28. Sep, 2024
The latest actions from prominent lenders such as Nationwide, HSBC, and TSB, who have slashed their fixed mortgage rates, indicate that the peak of home loan costs might be near after escalating to almost 7%. This move is in response to data…
China’s housing ministry has declared intentions to simplify the property acquisition process for citizens. This announcement made late on Thursday, highlights how the various tiers of government have begun to take action just days after Beijing indicated a departure from its campaign…
Even though mortgage rates stayed constant last week, they remain close to a recent peak. The ongoing escalation in house prices has led potential homeowners to step back. The Mortgage Bankers Association’s seasonally adjusted index showed a 1.8% decline in overall mortgage…
Yale University’s Economics Professor Robert Shiller has predicted the end of the U.S. home price rally that has been ongoing for a decade, contingent on the Federal Reserve ceasing its cycle of rate hikes. According to the S&P CoreLogic Case-Shiller U.S. National…
Pre-owned home sales in June plunged by 3.3% compared to May, resulting in a seasonally adjusted annualized rate of 4.16 million units, as the National Association of Realtors reported. This dip marks an 18.9% decrease compared to the same period in the…
An increasing number of Americans are opting to relocate to Spain, whether as digital nomads or retirees, and they are showing a strong willingness to invest in high-priced real estate. A report by the General Council of Notaries in Spain reveals that…
Jade Rahmani, Managing Director at KBW, is a guest on ‘Closing Bell Overtime’, providing insight into KB Home’s earnings, the state of the U.S. housing market, and the opportunities within the home building industry. With a keen understanding of the housing market…
CNBC’s Diana Olick appears on ‘The Exchange’ to address the continuous three-week drop in mortgage rates, the persistently steady mortgage demand, and the uptick in jumbo loan rates. On ‘The Exchange’, Olick detailed the surprising trend of stable mortgage demand, even as…
Diana Olick from CNBC updates recent developments in the real estate sector. Surprisingly, the mortgage market witnessed a 0.5% increase in demand, despite lowering mortgage rates. This seemingly paradoxical movement in the market has raised many eyebrows and prompted a more in-depth…
According to a report from the Building Industry and Land Development Association, the recent interest rate hike in June has posed a threat to the sales momentum observed in May for new-build homes across the Greater Toronto Area (GTA). Dave Wilkes, President…
