Today: 16. Nov, 2024
The homebuilding sector has witnessed a notable upswing in optimism, as reflected in the latest National Association of Home Builders statistics. In January, the homebuilder sentiment index experienced a significant boost, marking the second consecutive month of improvement. This positive shift is…
The housing market, which has experienced its ups and downs during the COVID-19 pandemic, is witnessing a significant upturn as mortgage interest rates drop sharply. This rate decline, a percentage point lower than in October, rekindles buyer interest and potentially sets the…
In a surprising twist, November’s pending home sales remained steady, unaffected by the dramatic fluctuations in mortgage rates. This stability, as reported by the National Association of Realtors, comes amidst a landscape of high home prices and limited supply. With mortgage rates…
The housing market witnessed a remarkable upturn in October 2023, defying expectations amidst soaring mortgage rates. According to the latest S&P CoreLogic Case-Shiller home price index, national home prices experienced a significant 4.8% rise compared to the same month last year, marking…
The mortgage market landscape exhibits a complex interplay of declining interest rates and waning mortgage demand. According to the Mortgage Bankers Association’s (MBA) seasonally adjusted index, there has been a notable decrease in mortgage applications despite a drop in rates. This trend…
The UK economy stabilizes after a prolonged inflation-induced slowdown and aggressive interest rate hikes. Recent data indicates a modest decrease in mortgage costs and a resurgence in manufacturer confidence, suggesting that the country might be “turning the corner.” The Bank of England’s…
The UK economy is finally showing signs of stabilization after prolonged economic turbulence. This shift comes amidst a pause in the Bank of England’s aggressive interest rate hikes, which had recently been the norm. Recent data indicates a modest decline in mortgage…
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,…
