Today: 3. Jul, 2024
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.…
The average 30-year fixed mortgage rate in the United States has hit an astonishing 8% for the first time since 2000, leaving many potential homebuyers grappling with affordability. As Jessica Lautz, deputy chief economist and vice president of research at the National…
In the ever-evolving landscape of U.S. housing, the White House has introduced a new plan dubbed the “Renters Bill of Rights.” At its heart, this plan strives to offer more robust protections for the estimated 44 million U.S. renters who face challenges…
In a surprising turn of events, the demand for mortgages has dropped to its lowest point since 1996, primarily driven by the steep rise in interest rates. As they edge closer to the 8% mark, potential homebuyers and current homeowners looking to…
The stock market has witnessed a surge in home builder stocks as many Americans are increasingly preferring new constructions over the traditionally expensive existing housing market. The US has seen a rise in mortgage rates over the last year, driven by the…
The UK’s smaller housebuilding firms, often considered the industry’s foundation, are grappling with declining demand, escalating interest rates, labour shortfalls, and surging costs. Steve Midgley, the head of Fairgrove Homes, laments the extended periods people now take to sell homes, resulting in…
Amid ongoing concerns about lasting inflation and an economy showing signs of slowing, analysts predict that the Bank of England might increase interest rates to 5.25% this week, marking a 14th consecutive rise in borrowing costs. The looming increase, which might add…
As August 2023 approaches, the housing market continues to face significant hurdles, leaving both buyers and sellers grappling with difficulties due to limited inventory and surging mortgage rates. Despite the usual upswing in spring and summer, the market remains stagnant, and there…
