Today: 5. Nov, 2024
In a startling economic indicator, pending home sales have plummeted to their lowest level since record-keeping began in 2001, surpassing the declines seen during the financial crisis over a decade ago. The National Association of Realtors (NAR) reported a 1.5% drop in…
As the American economy grapples with the after-effects of a global pandemic, the housing market presents a paradox. Despite soaring mortgage rates, home prices continue to escalate, challenging economic forecasts and defying traditional market behaviour. The latest S&P Case-Shiller Index provides a…
In a startling downturn, home sales across the United States have plummeted to their lowest point in thirteen years this October, as the National Association of Realtors reported. The figures are alarming—only 3.79 million units sold at a seasonally adjusted annualized rate,…
In recent weeks, the housing market has witnessed a notable uptick in mortgage demand, sparked by a slight decrease in interest rates. This gradual shift indicates a renewed interest among current homeowners and potential buyers, marking the highest level of activity in…
In a startling turnaround, the landscape of the housing market has shifted, with mortgage rates experiencing the sharpest decline seen in over a year. This drop has invigorated the mortgage sector, marking an upturn in demand that has been stagnant for weeks.…
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…
Andy Walden, Black Knight’s Vice President of Enterprise Research Strategy, appeared on ‘The Exchange’ to share insights about the possible alleviation of housing inventory issues, the increase in home prices triggered by limited supply, and an overabundance in the vacation rental market.…
The National Association of Realtors reported virtually no change in the sales of pre-owned homes in May compared to April, with a minor increase of 0.2%, making it an annualized, seasonally adjusted rate of 4.30 million units. Yet, compared with the same…
Skylar Olsen, Chief Economist at Zillow, participated in ‘Closing Bell Overtime’ to talk about the current condition of the housing market, potential risks in real estate, and the impact of soaring rent prices on consumers. During the discussion, Olsen offered her expert…
